Force Capital Management adds Chipotle Mexican Grill (CMG) to its portfolio

Chipotle Mexican Grill (CMG) : Force Capital Management added new position in Chipotle Mexican Grill during the most recent quarter end. The investment management firm now holds 8,000 shares of Chipotle Mexican Grill which is valued at $3,313,440 , the company said in a statement filed on Nov 14, 2016 with the SEC.Chipotle Mexican Grill makes up approximately 3.87% of Force Capital Management’s portfolio.

Other Hedge Funds, Including , Paloma Partners Management Co sold out all of its stake in CMG during the most recent quarter. The investment firm sold 8,581 shares of CMG which is valued $3,554,079.Cim Investment Mangement Inc reduced its stake in CMG by selling 100 shares or 6.98% in the most recent quarter. The Hedge Fund company now holds 1,333 shares of CMG which is valued at $522,309. Chipotle Mexican Grill makes up approx 0.20% of Cim Investment Mangement Inc’s portfolio. Live Your Vision added CMG to its portfolio by purchasing 4 company shares during the most recent quarter which is valued at $1,530.Heritage Investors Management Corp boosted its stake in CMG in the latest quarter, The investment management firm added 1,554 additional shares and now holds a total of 11,438 shares of Chipotle Mexican Grill which is valued at $4,633,534. Chipotle Mexican Grill makes up approx 0.35% of Heritage Investors Management Corp’s portfolio.

Chipotle Mexican Grill opened for trading at $407.37 and hit $417.37 on the upside on Monday, eventually ending the session at $411.8, with a gain of 2.21% or 8.9 points. The heightened volatility saw the trading volume jump to 15,00,654 shares. Company has a market cap of $11,921 M.

On the company’s financial health, Chipotle Mexican Grill reported $0.56 EPS for the quarter, missing the analyst consensus estimate by $ -1.06 based on the information available during the earnings call on Oct 25, 2016. Analyst had a consensus of $1.62. The company had revenue of $1037.00 million for the quarter, compared to analysts expectations of $1087.30 million. The company’s revenue was down -14.8 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $4.59 EPS.

Many Wall Street Analysts have commented on Chipotle Mexican Grill. Chipotle Mexican Grill was Downgraded by Guggenheim to ” Sell” on Nov 17, 2016. Chipotle Mexican Grill was Downgraded by Credit Suisse to ” Neutral” on Oct 26, 2016. Shares were Reiterated by Maxim Group on Oct 26, 2016 to “Sell” and Lowered the Price Target to $ 300 from a previous price target of $325 .

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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