Monday, March 05, 2018 10:15 PM ET
Significant Insider Sales in Shares of Shake Shack (SHAK) Extends the Selling Trend of Last Quarter
Two insiders — Jeffrey Flug, 10% Owner and Director, and Daniel Harris Meyer, 10% Owner and Director — sold 122,720 shares of Shake Shack having a market value of approximately $4,770,868, today, as reported in form 4 documents filed with the SEC. 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 sale of 447,840 company shares. Adding the most recent activity to this 90-day history indicates insider trades have seen net sales of 570,560 shares and have averaged 142,640 shares per transaction over this time period.
The number of insider buy/sell trades at Shake Shack is above the 37 peer company average over the last 90-day period. The Restaurants & Bars peer group saw 44 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 1,630,295 shares purchased and 503,705 shares sold with company insiders purchasing 66,270 shares on average.
The data used 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.
Today’s Insider Activity
* Jeffrey Flug, 10% Owner and Director, sold 62,720 shares
* Daniel Harris Meyer, 10% Owner and Director, sold 60,000 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.
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