Shake Shack Inc. (SHAK): Jonathan D Sokoloff , director 10% owner of Shake Shack Inc. sold 90,652 shares on Jun 9, 2016. The Insider selling transaction was reported by the company on Jun 13, 2016 to the Securities and Exchange Commission. The shares were sold at $36.53 per share for a total value of $3,337,545.50 , the company said in a SEC Form 4 Filing.
Other Insider transactions have been reported by the company according to SEC Form 4, on Jun 10, 2016, Randall J Garutti (director officer 10% owner (Chief Executive Offic) sold 10,000 shares at $37.65 per share price.On Jun 9, 2016, Jonathan D Sokoloff (director 10% owner) sold 100,000 shares at $37.41 per share price.Also, On May 26, 2016, Jeffrey Flug (director 10% owner) sold 35,000 shares at $35.66 per share price.On Mar 30, 2016, Shack Llc Acg (10% owner) sold 118,590 shares at $33.88 per share price.
Shares of Shake Shack Inc (SHAK) ended Friday, Jun 10, 2016 session in red amid volatile trading. The shares closed down -2.83 points or -7.49% at $34.95 with 12,13,950 shares getting traded. Post opening the session at $37.34, the shares hit an intraday low of $34.88 and an intraday high of $37.535 and the price vacillated in this range throughout the day. The company has a market cap of $1,268 M and the number of outstanding shares has been calculated to be 3,62,83,690 shares. The 52-week high of Shake Shack Inc is $76.15 and the 52-week low is $30.
Company has been under the radar of several Street Analysts.Shake Shack Inc is Upgraded by Longbow to Buy and the brokerage firm has set the Price Target at $46. Earlier the firm had a rating of Neutral on the company shares. The Rating was issued on Mar 30, 2016.
Shake Shack Inc. (Shake Shack) is a holding company with no direct operations and its principal asset is the equity interest in SSE Holdings LLC (SSE Holdings). The Company holds 33.3% ownership interest in SSE Holdings. SSE Holdings operates and licenses restaurants in the global restaurant industry serving hamburgers hot dogs crinkle-cut fries shakes frozen custard beer and wine. As of December 31 2014 the Company had 63 Shake Shack restaurants (Shacks) in nine countries and 34 cities. The Company owns and operates Shacks in 10 states and the District of Columbia. As of December 31 2014 the Company had 31 company-operated Shacks in operation in the United States. The Company also has license arrangements with affiliated and unaffiliated operators to develop and operate Shacks. As of December 31 2014 32 licensed Shacks were in operation under license agreements in North America Europe and Asia.