Marsico Capital Management Lowers stake in Chipotle Mexican Grill (CMG)

Chipotle Mexican Grill (CMG) : Marsico Capital Management reduced its stake in Chipotle Mexican Grill by 10.71% during the most recent quarter end. The investment management company now holds a total of 332,709 shares of Chipotle Mexican Grill which is valued at $132,195,267 after selling 39,920 shares in Chipotle Mexican Grill , the firm said in a disclosure report filed with the SEC on Aug 12, 2016.Chipotle Mexican Grill makes up approximately 4.35% of Marsico Capital Management’s portfolio.

Other Hedge Funds, Including , Lord Abbett reduced its stake in CMG by selling 8,124 shares or 40.34% in the most recent quarter. The Hedge Fund company now holds 12,013 shares of CMG which is valued at $4,773,125. Chipotle Mexican Grill makes up approx 0.01% of Lord Abbett’s portfolio.Teachers Advisors Inc boosted its stake in CMG in the latest quarter, The investment management firm added 19,882 additional shares and now holds a total of 145,461 shares of Chipotle Mexican Grill which is valued at $57,796,019. Chipotle Mexican Grill makes up approx 0.10% of Teachers Advisors Inc’s portfolio.Mizuho Asset Managementltd. boosted its stake in CMG in the latest quarter, The investment management firm added 231 additional shares and now holds a total of 448 shares of Chipotle Mexican Grill which is valued at $178,004. Chipotle Mexican Grill makes up approx 0.03% of Mizuho Asset Managementltd.’s portfolio.Advisors Asset Management reduced its stake in CMG by selling 457 shares or 24.8% in the most recent quarter. The Hedge Fund company now holds 1,386 shares of CMG which is valued at $551,933. Chipotle Mexican Grill makes up approx 0.01% of Advisors Asset Management’s portfolio.Kornitzer Capital Management Inc Ks reduced its stake in CMG by selling 270 shares or 0.42% in the most recent quarter. The Hedge Fund company now holds 64,381 shares of CMG which is valued at $27,296,900. Chipotle Mexican Grill makes up approx 0.49% of Kornitzer Capital Management Inc Ks’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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