Marsico Capital Management buys $170.8 Million stake in Chipotle Mexican Grill (CMG)

Chipotle Mexican Grill (CMG) : Marsico Capital Management scooped up 7,248 additional shares in Chipotle Mexican Grill during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 13, 2016. The investment management firm now holds a total of 372,629 shares of Chipotle Mexican Grill which is valued at $170.8 Million.Chipotle Mexican Grill makes up approximately 5.07% of Marsico Capital Management’s portfolio.

Other Hedge Funds, Including , Brown Advisory Inc reduced its stake in CMG by selling 16,989 shares or 75.7% in the most recent quarter. The Hedge Fund company now holds 5,454 shares of CMG which is valued at $2.5 Million. Chipotle Mexican Grill makes up approx 0.01% of Brown Advisory Inc’s portfolio. D L Carlson Investment Group Inc added CMG to its portfolio by purchasing 5,050 company shares during the most recent quarter which is valued at $2.3 Million. Chipotle Mexican Grill makes up approx 0.86% of D L Carlson Investment Group Inc’s portfolio. Pioneer Investment Management Inc added CMG to its portfolio by purchasing 13,233 company shares during the most recent quarter which is valued at $6.1 Million. Chipotle Mexican Grill makes up approx 0.02% of Pioneer Investment Management Inc’s portfolio.

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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