Insiders Make Significant Stock Sales in Shake Shack (SHAK) Shares Extending the Trend of Last Quarter

Tuesday, November 07, 2017 10:15 PM ET

Insiders Make Significant Stock Sales in Shake Shack (SHAK) Shares Extending the Trend of Last Quarter

There was substantial level of selling of Shake Shack shares today, as revealed in filings with the SEC. Two insiders — Daniel Harris Meyer, 10% Owner and Director, and Select Equity Group Lp, 10% Owner — disposed of 95,630 shares in the company having a market value of approximately $3,483,399. There have been 2 insiders with buy/sell transactions in the past 90 days prior to these filings. All of these trades have been sales resulting in the disposition of 114,652 company shares. Adding the most recent activity to this 90-day history indicates insider trades have seen net sales of 210,282 shares and have averaged 52,571 shares per transaction over this time period.

The number of insider buy/sell trades at Shake Shack is higher than the 36 peer company average over the last 90-day period. The Restaurants & Bars peer group saw 52 buy/sell trades during this period for an average of 1.4 transactions per company. The number of shares per buy/sell trade for Shake Shack insiders was also higher. Within the peer group there were 1,564,935 shares purchased and 129,437 shares sold with company insiders acquiring 55,211 shares on average.

Significant insider buying and selling activity has been determined by eliminating all trading activity reported to the SEC that involves awards, options, exercise of derivative securities, company buy-backs, taxes, gifts, shares acquired via inheritance and tenders or exchange offers in data used in creating and writing this story.

Today’s Insider Activity
* Daniel Harris Meyer, 10% Owner and Director, sold 45,000 shares
* Select Equity Group Lp, 10% Owner, sold 50,630 shares

Using proprietary Natural Language Generation (NLG) technology, UpTick evaluates corporate insider filings reported to the SEC and creates real-time news and analysis to report the most significant insider transactions based on transaction type, size and historical trends.

For more information, contact UpTick at info@uptickdata.com. Copyright 2017 UpTick Data Technologies. All rights reserved.

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