Insider Selling in Shake Shack (SHAK) Shares Continues

Wednesday, March 07, 2018 10:15 PM ET

Insider Selling in Shake Shack (SHAK) Shares Continues

A SEC filing today revealed a significant insider sale of Shake Shack shares as — Jeffrey Flug, 10% Owner and Director — disposed of 95,904 shares in the company having a market value of approximately $3,917,688. There have been 3 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 570,560 company shares. Adding the most recent activity to this 90-day history indicates insider trades have seen net sales of 666,464 shares and have averaged 166,616 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 37-company peer group average. Restaurants & Bars peer group saw 55 buy/sell trades during this period for an average of 1.5 transactions per company. The number of shares per buy/sell trade for Shake Shack insiders was also higher. Within the peer group there were 1,995,370 shares purchased and 689,816 shares sold with company insiders having bought 56,763 shares on average.

The data obtained in evaluating 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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