Matrix Capital Management Company Lp Exits Position in Chipotle Mexican Grill (CMG)

Chipotle Mexican Grill (CMG) : Matrix Capital Management Company Lp has sold out all of its stake in Chipotle Mexican Grill during the most recent quarter, according to the disclosure filed by the company on Aug 15, 2016 with the SEC. The investment management company has sold out 60,000 shares of Chipotle Mexican Grill which is valued at $23,839,800.

Other Hedge Funds, Including , Cubist Systematic Strategies reduced its stake in CMG by selling 2,415 shares or 32.75% in the most recent quarter. The Hedge Fund company now holds 4,959 shares of CMG which is valued at $1,970,359. Chipotle Mexican Grill makes up approx 0.10% of Cubist Systematic Strategies’s portfolio.Coatue Management boosted its stake in CMG in the latest quarter, The investment management firm added 600 additional shares and now holds a total of 176,197 shares of Chipotle Mexican Grill which is valued at $70,008,354. Chipotle Mexican Grill makes up approx 0.92% of Coatue Management’s portfolio.National Pension Service boosted its stake in CMG in the latest quarter, The investment management firm added 3,576 additional shares and now holds a total of 22,371 shares of Chipotle Mexican Grill which is valued at $8,888,669. Chipotle Mexican Grill makes up approx 0.08% of National Pension Service’s portfolio. Whetstone Capital Advisors added CMG to its portfolio by purchasing 7,000 company shares during the most recent quarter which is valued at $2,787,540. Chipotle Mexican Grill makes up approx 2.33% of Whetstone Capital Advisors’s portfolio.

Chipotle Mexican Grill opened for trading at $415.81 and hit $415.89 on the upside on Thursday, eventually ending the session at $414.68, with a gain of 0.23% or 0.95 points. The heightened volatility saw the trading volume jump to 7,93,405 shares. Company has a market cap of $12,074 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. 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.

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