WINTON GROUP Ltd Buys Shares of 15,355 Shake Shack, Inc. $SHAK

WINTON GROUP Ltd bought a new stake in Shake Shack, Inc. (NYSE:SHAK) in the 4th quarter, HoldingsChannel reports. The firm bought 15,355 shares of the company’s stock, valued at approximately $1,246,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Intech Investment Management LLC increased its position in Shake Shack by 40.1% during the fourth quarter. Intech Investment Management LLC now owns 77,916 shares of the company’s stock worth $6,324,000 after purchasing an additional 22,287 shares during the last quarter. Divisadero Street Capital Management LP increased its position in Shake Shack by 407.8% during the third quarter. Divisadero Street Capital Management LP now owns 56,985 shares of the company’s stock worth $5,334,000 after purchasing an additional 45,762 shares during the last quarter. Madison Asset Management LLC increased its position in Shake Shack by 37.3% during the fourth quarter. Madison Asset Management LLC now owns 58,404 shares of the company’s stock worth $4,741,000 after purchasing an additional 15,852 shares during the last quarter. Public Sector Pension Investment Board increased its position in shares of Shake Shack by 14.5% during the third quarter. Public Sector Pension Investment Board now owns 156,998 shares of the company’s stock valued at $14,697,000 after acquiring an additional 19,889 shares during the last quarter. Finally, 12 West Capital Management LP increased its position in shares of Shake Shack by 13.6% during the third quarter. 12 West Capital Management LP now owns 1,753,595 shares of the company’s stock valued at $164,154,000 after acquiring an additional 210,000 shares during the last quarter. 86.07% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Shake Shack news, Director Josh Silverman acquired 8,290 shares of the stock in a transaction dated Friday, May 15th. The stock was acquired at an average price of $60.38 per share, with a total value of $500,550.20. Following the completion of the purchase, the director owned 8,290 shares in the company, valued at $500,550.20. This trade represents a ? increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Robert Lynch purchased 5,000 shares of the firm’s stock in a transaction that occurred on Friday, May 15th. The stock was purchased at an average price of $60.39 per share, with a total value of $301,950.00. Following the purchase, the chief executive officer directly owned 77,845 shares of the company’s stock, valued at $4,701,059.55. The trade was a 6.86% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. In the last quarter, insiders have bought 50,616 shares of company stock valued at $3,109,782. 8.32% of the stock is owned by company insiders.

Shake Shack Trading Up 1.5%

NYSE SHAK opened at $53.12 on Tuesday. The firm has a 50 day simple moving average of $80.65 and a 200-day simple moving average of $86.25. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.66 and a current ratio of 1.69. Shake Shack, Inc. has a one year low of $51.60 and a one year high of $144.65. The firm has a market cap of $2.27 billion, a price-to-earnings ratio of 54.21, a PEG ratio of 2.30 and a beta of 1.63.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the stock. Wall Street Zen cut shares of Shake Shack from a “hold” rating to a “strong sell” rating in a research report on Saturday, May 16th. Zacks Research upgraded shares of Shake Shack from a “strong sell” rating to a “hold” rating in a research report on Monday, March 9th. Jefferies Financial Group reiterated a “hold” rating and set a $66.00 price target on shares of Shake Shack in a research report on Tuesday, June 2nd. Oppenheimer set a $82.00 price target on shares of Shake Shack and gave the company an “outperform” rating in a research report on Tuesday, June 2nd. Finally, Citigroup reiterated a “buy” rating on shares of Shake Shack in a research report on Wednesday, June 3rd. Sixteen research analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $94.56.

Shake Shack Company Profile

Shake Shack, Inc (NYSE: SHAK) is a publicly traded hospitality company known for its modern take on the classic American roadside burger stand. The company operates a chain of quick-casual restaurants offering premium hamburgers, hot dogs, crinkle-cut fries, frozen custard, milkshakes and a curated selection of beer and wine. Shake Shack emphasizes high-quality ingredients, including 100% all-natural Angus beef with no hormones or antibiotics, and works with local suppliers where possible to maintain its commitment to fresh, responsibly sourced food.

Shake Shack traces its origins to a hot dog cart opened in New York City’s Madison Square Park in 2001 by Danny Meyer’s Union Square Hospitality Group.