Friday, December 15, 2017 10:15 PM ET
Insider Selling at Shake Shack (SHAK) Continues with Significant Sale
One insider — Select Equity Group Lp, 10% Owner — today, disposed of 95,564 shares of Shake Shack having a market value of approximately $4,341,002, as disclosed in a form 4 document filed with the SEC. There have been 4 insiders with buy/sell transactions in the past 90 days prior to this filing. All of these trades have been sales resulting in the disposition of 1,171,364 company shares. Adding the most recent activity to this 90-day history indicates insider trades have seen net sales of 1,266,928 shares and have averaged 253,386 shares per transaction over this time period.
Over the last 90 days, the number of insider buy/sell trades at Shake Shack is above the 36-company peer group average. Restaurants & Bars peer group saw 36 buy/sell trades during this period for an average of 1.0 transactions per company. The number of shares per buy/sell trade for Shake Shack insiders was also higher. Within the peer group there were 635,214 shares purchased and 5,308,507 shares sold with company insiders having sold 129,814 shares on average.
To bring into focus significant insider buying and selling activity, 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 has been eliminated in data sourced to evaluate and write this story.
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.
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