Green Equity Investors is Buying Shake Shack Inc. (NYSE:SHAK) Shares


In a just published Form 13, filed with the US Securities and Exchange Commission (SEC), Shake Shack Inc. (NYSE:SHAK) reported that Green Equity Investors Vi, L.p. has picked up 5,103,135 of common stock as of 2017-07-31.

The acquisition brings the aggregate amount owned by Green Equity Investors Vi, L.p. to a total of 5,103,135 representing a 13.93% in the company.

For those not familiar with the company, Shake Shack Inc. operates roadside burger stands. The Company serves an American menu of burgers, hot dogs, crispy chicken, frozen custard, crinkle cut fries, shakes, beer and wine, among others. The Company’s signature items are its all-natural, hormone and antibiotic-free burgers, hot dogs, crispy chicken, crinkle cut fries, shakes and frozen custard. Its menu focuses on food and beverages, crafted from a range of classic American foods. The Company’s domestic menu includes a range of signature items, such as the ShackBurger, SmokeShack, Shack-cago Dog, ‘Shroom Burger, seasonal frozen custard, hand-spun shakes, concretes, ShackMeister Ale, and Shack Red and Shack White wines. As of December 28, 2016, it had 114 Shacks in 13 countries and 16 states, as well as the District of Columbia. Its burgers are made with a whole-muscle blend of all-natural, hormone and antibiotic-free Angus beef, ground fresh daily, cooked to order and served on a non-genetically modified organism potato bun.

A glance at Shake Shack Inc. (NYSE:SHAK)’s key stats reveals a current market capitalization of 1.21B based on 25.76M shares outstanding and a price at last close of $33.01 per share.

Looking at insider activity, there are a few recent transactions worth noting.

Specifically, on 2015-02-04, Vivian picked up 20,000 at a purchase price of $21.00 per share.This brings their total holding to 20,000 as of the date of the filing.

On the sell side, the most recent transaction saw Garutti unload 16,000 shares at a sale price of $34.82. This brings their total holding to 10,961.

It’s possible to gauge a company’s potential by tracking the activity of its major holders, as well as checking in on insider activity such as those transactions listed above. We’ll be keeping an eye on Shake Shack Inc. (NYSE:SHAK) as things move forward to see if its progress aligns with these transactions. Subscribe below and we’ll keep you on top of what’s happening before it moves markets.