Ruane Cunniff Goldfarb Inc buys $238,947,666 stake in Chipotle Mexican Grill (CMG)

Chipotle Mexican Grill (CMG) : Ruane Cunniff Goldfarb Inc scooped up 490,487 additional shares in Chipotle Mexican Grill during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Jul 15, 2016. The investment management firm now holds a total of 584,367 shares of Chipotle Mexican Grill which is valued at $238,947,666.Chipotle Mexican Grill makes up approximately 2.21% of Ruane Cunniff Goldfarb Inc’s portfolio.

Other Hedge Funds, Including , Raymond James Trust N.a. boosted its stake in CMG in the latest quarter, The investment management firm added 297 additional shares and now holds a total of 881 shares of Chipotle Mexican Grill which is valued at $352,145. Chipotle Mexican Grill makes up approx 0.03% of Raymond James Trust N.a.’s portfolio.Mazama Capital Management Inc reduced its stake in CMG by selling 4,736 shares or 93.69% in the most recent quarter. The Hedge Fund company now holds 319 shares of CMG which is valued at $127,507. Chipotle Mexican Grill makes up approx 0.02% of Mazama Capital Management Inc’s portfolio.

Chipotle Mexican Grill opened for trading at $404.92 and hit $410.9 on the upside on Monday, eventually ending the session at $408.9, with a gain of 1.00% or 4.04 points. The heightened volatility saw the trading volume jump to 7,50,732 shares. Company has a market cap of $11,940 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. Chipotle Mexican Grill was Upgraded by CLSA to ” Outperform” on Jul 19, 2016. Company shares were Reiterated by Maxim Group on Jul 18, 2016 to “Sell”, Firm has raised the Price Target to $ 300 from a previous price target of $285 .Shares were Downgraded by Morgan Stanley on Jul 15, 2016 to ” Equal-Weight” and Lowered the Price Target to $ 405 from a previous price target of $500 .

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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