Cim Lowers stake in Chipotle Mexican Grill (CMG)

Chipotle Mexican Grill (CMG) : Cim reduced its stake in Chipotle Mexican Grill by 14.92% during the most recent quarter end. The investment management company now holds a total of 10,155 shares of Chipotle Mexican Grill which is valued at $4,104,042 after selling 1,781 shares in Chipotle Mexican Grill , the firm said in a disclosure report filed with the SEC on Oct 17, 2016.Chipotle Mexican Grill makes up approximately 1.96% of Cim’s portfolio.

Other Hedge Funds, Including , Lowe Fs boosted its stake in CMG in the latest quarter, The investment management firm added 10 additional shares and now holds a total of 24 shares of Chipotle Mexican Grill which is valued at $9,699. Chipotle Mexican Grill makes up approx 0.01% of Lowe Fs’s portfolio. Gierl Augustine Investment Management Inc sold out all of its stake in CMG during the most recent quarter. The investment firm sold 2 shares of CMG which is valued $808.Windward Capital Management Co Ca reduced its stake in CMG by selling 3,655 shares or 10.73% in the most recent quarter. The Hedge Fund company now holds 30,421 shares of CMG which is valued at $12,294,343. Chipotle Mexican Grill makes up approx 2.32% of Windward Capital Management Co Ca’s portfolio.Prospera Financial Services Inc reduced its stake in CMG by selling 100 shares or 16.67% in the most recent quarter. The Hedge Fund company now holds 500 shares of CMG which is valued at $211,510. Chipotle Mexican Grill makes up approx 0.04% of Prospera Financial Services Inc’s portfolio.

Chipotle Mexican Grill closed down -5.67 points or -1.38% at $404.14 with 9,74,281 shares getting traded on Friday. Post opening the session at $411.15, the shares hit an intraday low of $403.16 and an intraday high of $414.95 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

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. Chipotle Mexican Grill was Downgraded by Raymond James to ” Underperform” on Oct 18, 2016. Shares were Reiterated by RBC Capital Mkts on Oct 18, 2016 to “Outperform” and Lowered the Price Target to $ 465 from a previous price target of $485 .Shares were Reiterated by Nomura on Oct 17, 2016 to “Neutral” and Lowered the Price Target to $ 372 from a previous price target of $405 .

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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