Shake Shack Inc. (SHAK) Files Form 4 Insider Selling : Jonathan D Sokoloff Sells 68,640 Shares

Shake Shack Inc. (SHAK): Jonathan D Sokoloff , director 10% owner of Shake Shack Inc. sold 68,640 shares on May 9, 2016. The Insider selling transaction was reported by the company on May 11, 2016 to the Securities and Exchange Commission. The shares were sold at $35.17 per share for a total value of $2,411,560.00 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on May 6, 2016, Randall J Garutti (director officer 10% owner (Chief Executive Offic) sold 10,000 shares at $34.19 per share price.On May 4, 2016, Jonathan D Sokoloff (director 10% owner) sold 92,582 shares at $35.48 per share price.Also, On Mar 30, 2016, Shack Llc Acg (10% owner) sold 118,590 shares at $33.88 per share price.On Mar 17, 2016, Peggy Rubenzer (SVP, People Resources) sold 2,000 shares at $33.49 per share price.

Shake Shack Inc: On Tuesday, May 10, 2016 heightened volatility was witnessed in Shake Shack Inc which led to swings in the share price. The shares opened for trading at $34.99 and hit $36.01 on the upside , eventually ending the session at $35.92, with a gain of 2.80% or 0.98 points. The heightened volatility saw the trading volume jump to 5,90,127 shares. The 52-week high of the share price is $96.749 and the company has a market cap of $1,302 M . The 52-week low of the share price is at $30.

Shake Shack Inc Money Flow Index Chart

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 is Reiterated by Barclays to Equal Weight while Lowering the Price Target of the company shares to $ 40 from a previous price target of $48 . The Rating was issued on Mar 8, 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.

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