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

Friday, January 05, 2018 10:15 PM ET

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

One Shake Shack insider Select Equity Group Lp, 10% Owner, today, disposed of 52,276 shares having a market value of approximately $2,354,197, as revealed 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 1,466,928 company shares. Adding the most recent activity to this 90-day history indicates insider trades have seen net sales of 1,519,204 shares and have averaged 303,841 shares per transaction over this time period.

During 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 42 buy/sell trades during this period for an average of 1.2 transactions per company. The number of shares per buy/sell trade for Shake Shack insiders was also higher. Within the peer group there were 462,423 shares purchased and 5,609,478 shares sold with company insiders having sold 122,549 shares on average.

The data obtained in composing and writing in this story eliminates 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.

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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