Bandera Partners adds Chipotle Mexican Grill (CMG) to its portfolio

Chipotle Mexican Grill (CMG) : Bandera Partners added new position in Chipotle Mexican Grill during the most recent quarter end. The investment management firm now holds 16,000 shares of Chipotle Mexican Grill which is valued at $7.3 Million , the company said in a statement filed on May 13, 2016 with the SEC.Chipotle Mexican Grill makes up approximately 4.47% of Bandera Partners’s portfolio.

Other Hedge Funds, Including , Grantham Mayo Van Otterloo boosted its stake in CMG in the latest quarter, The investment management firm added 179,892 additional shares and now holds a total of 665,979 shares of Chipotle Mexican Grill which is valued at $305.3 Million. Chipotle Mexican Grill makes up approx 1.16% of Grantham Mayo Van Otterloo’s portfolio.Cornerstone Capital Management Holdings. reduced its stake in CMG by selling 357 shares or 5.23% in the most recent quarter. The Hedge Fund company now holds 6,466 shares of CMG which is valued at $3 Million. Chipotle Mexican Grill makes up approx 0.02% of Cornerstone Capital Management Holdings.’s portfolio.Profund Advisors reduced its stake in CMG by selling 214 shares or 17.37% in the most recent quarter. The Hedge Fund company now holds 1,018 shares of CMG which is valued at $441,619. Chipotle Mexican Grill makes up approx 0.02% of Profund Advisors’s portfolio. Capital Fund Management S.a. sold out all of its stake in CMG during the most recent quarter. The investment firm sold 40,127 shares of CMG which is valued $17.4 Million.

Chipotle Mexican Grill opened for trading at $458.5 and hit $462.94 on the upside on Wednesday, eventually ending the session at $458.04, with a gain of 0.16% or 0.71 points. The heightened volatility saw the trading volume jump to 6,93,643 shares. Company has a market cap of $13,375 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 Telsey Advisory Group on Apr 28, 2016 to “Market Perform” and Lowered the Price Target to $ 420 from a previous price target of $448 .Shares were Reiterated by RBC Capital Mkts on Apr 27, 2016 to “Outperform” and Lowered the Price Target to $ 485 from a previous price target of $500 .Shares were Reiterated by Maxim Group on Apr 27, 2016 to “Sell” and Lowered the Price Target to $ 300 from a previous price target of $350 .

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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