Marianas Fund Management Lowers stake in Chipotle Mexican Grill (CMG)

Chipotle Mexican Grill (CMG) : Marianas Fund Management reduced its stake in Chipotle Mexican Grill by 13.34% during the most recent quarter end. The investment management company now holds a total of 73,400 shares of Chipotle Mexican Grill which is valued at $30,400,812 after selling 11,300 shares in Chipotle Mexican Grill , the firm said in a disclosure report filed with the SEC on Nov 14, 2016.Chipotle Mexican Grill makes up approximately 8.51% of Marianas Fund Management’s portfolio.

Other Hedge Funds, Including , Price T Rowe Associates Inc Md reduced its stake in CMG by selling 114,699 shares or 19.41% in the most recent quarter. The Hedge Fund company now holds 476,263 shares of CMG which is valued at $197,258,609. Chipotle Mexican Grill makes up approx 0.04% of Price T Rowe Associates Inc Md’s portfolio.Ridgeworth Capital Management boosted its stake in CMG in the latest quarter, The investment management firm added 1,453 additional shares and now holds a total of 28,181 shares of Chipotle Mexican Grill which is valued at $11,042,161. Chipotle Mexican Grill makes up approx 0.10% of Ridgeworth Capital Management’s portfolio.Swiss National Bank reduced its stake in CMG by selling 4,500 shares or 3.59% in the most recent quarter. The Hedge Fund company now holds 120,887 shares of CMG which is valued at $46,238,069. Chipotle Mexican Grill makes up approx 0.08% of Swiss National Bank’s portfolio.Mutual Of America Capital Management reduced its stake in CMG by selling 275 shares or 7.37% in the most recent quarter. The Hedge Fund company now holds 3,455 shares of CMG which is valued at $1,277,072. Chipotle Mexican Grill makes up approx 0.03% of Mutual Of America Capital Management’s portfolio.

Chipotle Mexican Grill opened for trading at $407.37 and hit $417.37 on the upside on Monday, eventually ending the session at $411.8, with a gain of 2.21% or 8.9 points. The heightened volatility saw the trading volume jump to 15,00,654 shares. Company has a market cap of $11,921 M.

On the company’s financial health, Chipotle Mexican Grill reported $0.56 EPS for the quarter, missing the analyst consensus estimate by $ -1.06 based on the information available during the earnings call on Oct 25, 2016. Analyst had a consensus of $1.62. The company had revenue of $1037.00 million for the quarter, compared to analysts expectations of $1087.30 million. The company’s revenue was down -14.8 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $4.59 EPS.

Many Wall Street Analysts have commented on Chipotle Mexican Grill. Chipotle Mexican Grill was Downgraded by Guggenheim to ” Sell” on Nov 17, 2016. Chipotle Mexican Grill was Downgraded by Credit Suisse to ” Neutral” on Oct 26, 2016. Shares were Reiterated by Maxim Group on Oct 26, 2016 to “Sell” and Lowered the Price Target to $ 300 from a previous price target of $325 .

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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