Alpine Partners Vi buys $10,488,320 stake in Chipotle Mexican Grill (CMG)

Chipotle Mexican Grill (CMG) : Alpine Partners Vi scooped up 11,021 additional shares in Chipotle Mexican Grill during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 12, 2016. The investment management firm now holds a total of 26,397 shares of Chipotle Mexican Grill which is valued at $10,488,320.Chipotle Mexican Grill makes up approximately 4.75% of Alpine Partners Vi’s portfolio.

Other Hedge Funds, Including , Tcw Group Inc boosted its stake in CMG in the latest quarter, The investment management firm added 10,907 additional shares and now holds a total of 258,572 shares of Chipotle Mexican Grill which is valued at $102,738,413. Chipotle Mexican Grill makes up approx 0.74% of Tcw Group Inc’s portfolio.Baird Financial Group boosted its stake in CMG in the latest quarter, The investment management firm added 6,401 additional shares and now holds a total of 7,637 shares of Chipotle Mexican Grill which is valued at $3,034,409. Chipotle Mexican Grill makes up approx 0.03% of Baird Financial Group’s portfolio.Denver Investment Advisors boosted its stake in CMG in the latest quarter, The investment management firm added 1,710 additional shares and now holds a total of 8,680 shares of Chipotle Mexican Grill which is valued at $3,456,550. Chipotle Mexican Grill makes up approx 0.15% of Denver Investment Advisors’s portfolio.Eaton Vance Management reduced its stake in CMG by selling 1,820 shares or 39.82% in the most recent quarter. The Hedge Fund company now holds 2,750 shares of CMG which is valued at $1,095,105.Fuller Thaler Asset Management reduced its stake in CMG by selling 397 shares or 4.33% in the most recent quarter. The Hedge Fund company now holds 8,762 shares of CMG which is valued at $3,514,701. Chipotle Mexican Grill makes up approx 0.06% of Fuller Thaler Asset Management’s portfolio.

Chipotle Mexican Grill opened for trading at $420 and hit $426.62 on the upside on Monday, eventually ending the session at $423.02, with a gain of 1.02% or 4.27 points. The heightened volatility saw the trading volume jump to 11,79,564 shares. Company has a market cap of $12,317 M.

On the company’s financial health, Chipotle Mexican Grill reported $-0.88 EPS for the quarter, beating the analyst consensus estimate by $ 0.17 according to the earnings call on Apr 26, 2016. Analyst had a consensus of $-1.05. The company had revenue of $834.50 million for the quarter, compared to analysts expectations of $863.24 million. The company’s revenue was down -23.4 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $3.88 EPS.

Many Wall Street Analysts have commented on Chipotle Mexican Grill. Stifel Downgraded Chipotle Mexican Grill on Jul 26, 2016 to ” Sell”, Price Target of the shares are set at $215.Shares were Reiterated by Telsey Advisory Group on Jul 22, 2016 to “Market Perform” and Lowered the Price Target to $ 400 from a previous price target of $420 .Chipotle Mexican Grill was Upgraded by CLSA to ” Outperform” on Jul 19, 2016.

Chipotle Mexican Grill Inc. (Chipotle) develops and operates Chipotle Mexican Grill restaurants which serve a focused menu of burritos tacos burrito bowls (a burrito without the tortilla) and salads. The Company operates 1755 restaurants in the United States seven in Canada six in England three in France and one in Germany. The Company’s restaurants also include nine ShopHouse Southeast Asian Kitchen restaurants. The Company owns and operates two Pizzeria Locale restaurants a fast casual pizza concept. It also provides a variety of extras such as guacamole salsas and tortilla chips seasoned with fresh lime juice and kosher salt. Its restaurants also offer sodas fruit drinks organic milk beer and margaritas. The average restaurant size is about 2550 square feet and seats about 58 people. The Company’s restaurants also feature outdoor patio space. The Company’s restaurants accept orders by fax online or through an iPhone or Android ordering application.

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