Continued Level of Significant Insider Selling at Shake Shack (SHAK)

Thursday, January 04, 2018 10:15 PM ET

Continued Level of Significant Insider Selling at Shake Shack (SHAK)

There was a substantial sale of shares of Shake Shack by an insider today, as disclosed in a form 4 document filed with the SEC. One insider — Daniel Harris Meyer, 10% Owner and Director — sold 100,000 shares in the company having a market value of approximately $4,378,740. 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 sale of 1,366,928 company shares. Adding the most recent activity to this 90-day history indicates insider trades have seen net sales of 1,466,928 shares and have averaged 293,386 shares per transaction over this time period.

Relative to its peers over the last 90 days, insider buy/sell trading at Shake Shack is above the 36-company peer group average. Restaurants & Bars peer group saw 40 buy/sell trades during this period for an average of 1.1 transactions per company. The number of shares per buy/sell trade for Shake Shack insiders was also higher. Within the peer group there were 459,167 shares purchased and 5,509,478 shares sold with company insiders selling 126,258 shares on average.

In order to focus on 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 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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