Robert Joseph Caruso‘s Select Equity Group recently filed an amended Form 13D with the SEC, in which it reported owning 1.24 million common shares of Shake Shack Inc. (NYSE:SHAK), which amass 3.4% of the company’s outstanding stock. The fund’s stake is about 23% lower than the one which Select Equity Group reported holding as of its most recent 13D filing prior to the current one, in which it reported holding 1.61 million shares or 4.4% of Shake Shack’s outstanding stock.
Shake Shack runs and operates a chain of roadside burger stands, which mainly serve burgers, shakes, crinkle cut fries, and frozen custard. Since the beginning of the year, the company’s shares have lost 7.22%. For the second quarter of 2016, Shake Shack reported earnings per share of $0.14, narrowly above the estimates of $0.13, and revenue of $66.47 million, also beating the estimates of $63.11 million.
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Among the 749 hedge funds tracked by Insider Monkey which filed 13F’s for the June 30 period, 14 were long Shake Shack (NYSE:SHAK) at the end of June, which represents no change from the previous quarter. Some of the bullish investors included Joel Ramin’s 12 West Capital Management, which held a position valued at $28.38 million, Philippe Laffont’s Coatue Management with an $8.5 million position, Edmond M. Safra’s EMS Capital, and Warren Lammert’s Granite Point Capital.
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You can access the original SEC filing by clicking here.
Ownership Summary Table
| Name | Sole Voting Power | Shared Voting Power | Sole Dispositive Power | Shared Dispositive Power | Aggregate Amount Owned Power | Percent of Class |
|---|---|---|---|---|---|---|
| Select Equity Group | 0 | 1,238,767 | 0 | 1,238,767 | 1,238,767 | 3.4% |
| SEG Partners | 0 | 112,931 | 0 | 112,931 | 112,931 | 0.3% |
| SEG Partners Holdings | 0 | 112,931 | 0 | 112,931 | 112,931 | 0.3% |
| SEG Partners II | 0 | 436,879 | 0 | 436,879 | 436,879 | 1.2% |
| SEG Partners II Holdings | 0 | 436,879 | 0 | 436,879 | 436,879 | 1.2% |
| SEG Partners Offshore Master Fund, Ltd. (98-1007715) | 0 | 688,957 | 0 | 688,957 | 688,957 | 1.9% |
| George S. Loening | 0 | 1,238,767 | 0 | 1,238,767 | 1,238,767 | 3.4% |
| Evan C. Guillemin | 8,251 | 0 | 8,251 | 0 | 8,251 | 0.02% |
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Page 1 of 15 – SEC Filing
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
_______________
(Amendment No. 9)*
______________
(Name of Issuer)
(Title of Class of Securities)
(CUSIP Number)
Select Equity Group, L.P.
Authorized to Receive Notices and Communications)
(Date of Event Which Requires Filing of Statement on Schedule 13D)
