Gateway Advisory adds Chipotle Mexican Grill (CMG) to its portfolio

Chipotle Mexican Grill (CMG) : Gateway Advisory added new position in Chipotle Mexican Grill during the most recent quarter end. The investment management firm now holds 700 shares of Chipotle Mexican Grill which is valued at $282,898 , the company said in a statement filed on Oct 14, 2016 with the SEC.Chipotle Mexican Grill makes up approximately 0.10% of Gateway Advisory’s portfolio.

Other Hedge Funds, Including , British Columbia Investment Management Corp reduced its stake in CMG by selling 3,045 shares or 21.47% in the most recent quarter. The Hedge Fund company now holds 11,137 shares of CMG which is valued at $4,711,174. Chipotle Mexican Grill makes up approx 0.05% of British Columbia Investment Management Corp’s portfolio.Nisa Investment Advisors boosted its stake in CMG in the latest quarter, The investment management firm added 2,000 additional shares and now holds a total of 8,110 shares of Chipotle Mexican Grill which is valued at $3,430,692. Chipotle Mexican Grill makes up approx 0.05% of Nisa Investment Advisors’s portfolio. First American Trust Fsb sold out all of its stake in CMG during the most recent quarter. The investment firm sold 4,305 shares of CMG which is valued $1,841,851.

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. Shares were Reiterated by Goldman on Sep 21, 2016 to “Neutral” and Lowered the Price Target to $ 395 from a previous price target of $445 .Shares were Reiterated by Piper Jaffray on Sep 8, 2016 to “Overweight” and Lowered the Price Target to $ 483 from a previous price target of $590 .Stifel Downgraded Chipotle Mexican Grill on Jul 26, 2016 to ” Sell”, Price Target of the shares are set at $215.

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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