Chipotle Mexican Grill (CMG) : Birinyi Associates Inc reduced its stake in Chipotle Mexican Grill by 24.59% during the most recent quarter end. The investment management company now holds a total of 4,600 shares of Chipotle Mexican Grill which is valued at $1,827,718 after selling 1,500 shares in Chipotle Mexican Grill , the firm said in a disclosure report filed with the SEC on Aug 10, 2016.Chipotle Mexican Grill makes up approximately 0.75% of Birinyi Associates Inc’s portfolio.
Other Hedge Funds, Including , Reliance Trust Co Of Delaware boosted its stake in CMG in the latest quarter, The investment management firm added 136 additional shares and now holds a total of 681 shares of Chipotle Mexican Grill which is valued at $270,582. Chipotle Mexican Grill makes up approx 0.02% of Reliance Trust Co Of Delaware’s portfolio.Retirement Systems Of Alabama reduced its stake in CMG by selling 340 shares or 2.23% in the most recent quarter. The Hedge Fund company now holds 14,888 shares of CMG which is valued at $6,343,181. Chipotle Mexican Grill makes up approx 0.04% of Retirement Systems Of Alabama’s portfolio.Seven Bridges Advisors reduced its stake in CMG by selling 236 shares or 26.05% in the most recent quarter. The Hedge Fund company now holds 670 shares of CMG which is valued at $285,460. Chipotle Mexican Grill makes up approx 0.24% of Seven Bridges Advisors’s portfolio.Shell Asset Management Co reduced its stake in CMG by selling 1,738 shares or 24.51% in the most recent quarter. The Hedge Fund company now holds 5,352 shares of CMG which is valued at $2,280,273. Chipotle Mexican Grill makes up approx 0.05% of Shell Asset Management Co’s portfolio. Beech Hill Advisors sold out all of its stake in CMG during the most recent quarter. The investment firm sold 1,525 shares of CMG which is valued $640,012.
Chipotle Mexican Grill closed down -6.41 points or -1.62% at $388.5 with 13,23,767 shares getting traded on Friday. Post opening the session at $393.76, the shares hit an intraday low of $387.01 and an intraday high of $395.01 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. 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.