Simplex Trading Lowers stake in Chipotle Mexican Grill (CMG)

Chipotle Mexican Grill (CMG) : Simplex Trading reduced its stake in Chipotle Mexican Grill by 21.01% during the most recent quarter end. The investment management company now holds a total of 14,733 shares of Chipotle Mexican Grill which is valued at $6,333,864 after selling 3,919 shares in Chipotle Mexican Grill , the firm said in a disclosure report filed with the SEC on Oct 7, 2016.Chipotle Mexican Grill makes up approximately 0.82% of Simplex Trading’s portfolio.

Other Hedge Funds, Including , Advisory Services Network reduced its stake in CMG by selling 131 shares or 85.62% in the most recent quarter. The Hedge Fund company now holds 22 shares of CMG which is valued at $9,458.Telemus Capital reduced its stake in CMG by selling 5 shares or 0.12% in the most recent quarter. The Hedge Fund company now holds 4,105 shares of CMG which is valued at $1,756,283. Chipotle Mexican Grill makes up approx 0.20% of Telemus Capital’s portfolio.Chevy Chase Trust Holdings reduced its stake in CMG by selling 839 shares or 3.29% in the most recent quarter. The Hedge Fund company now holds 24,698 shares of CMG which is valued at $10,566,792. Chipotle Mexican Grill makes up approx 0.06% of Chevy Chase Trust Holdings’s portfolio.Bnp Paribas Arbitrage Sa reduced its stake in CMG by selling 475 shares or 10.43% in the most recent quarter. The Hedge Fund company now holds 4,078 shares of CMG which is valued at $1,744,732. Chipotle Mexican Grill makes up approx 0.01% of Bnp Paribas Arbitrage Sa’s portfolio. New England Research Management sold out all of its stake in CMG during the most recent quarter. The investment firm sold 500 shares of CMG which is valued $213,920.

Chipotle Mexican Grill opened for trading at $426.08 and hit $432 on the upside on Friday, eventually ending the session at $429.91, with a gain of 1.28% or 5.42 points. The heightened volatility saw the trading volume jump to 9,80,473 shares. Company has a market cap of $12,517 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. 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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