Chipotle shares drop despite launch of queso dip

Thursday, 26 Oct, 2017

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. First Allied Advisory Services reported 1,609 shares. Vantage Inv Limited Liability holds 30 shares. Schwab Charles Invest Management reported 0.04% of its portfolio in Chipotle Mexican Grill, Inc. The 12-month average price target stands at $174.53, marking a 6% upside from where the stock is now trading. (NYSE:CMG). New York State Common Retirement Fund holds 143,471 shares or 0.08% of its portfolio.

Investors weren't happy with the news.

FILE - In this December 15, 2015, file photo, a Chipotle Mexican Grill employee, right, prepares a burrito for a customer in Seattle. Northwestern Mutual Wealth Mngmt reported 0% of its portfolio in Chipotle Mexican Grill, Inc. Renaissance Technologies LLC grew its position in shares of Chipotle Mexican Grill by 169.1% during the 2nd quarter. (NYSE:CMG). Magellan Asset accumulated 0% or 57 shares. Davenport And Lc holds 0% or 2,824 shares in its portfolio. Vgi Prns Pty Ltd stated it has 5.94% in Chipotle Mexican Grill, Inc. (NYSE:CMG) or 414,285 shares. Pictet North America Advisors Sa sold 6,128 shares as Apple Inc (AAPL)'s stock rose 12.78%. The company has market cap of $7.94 billion. The correct version of this piece of content can be accessed at

Multiple bottoms are very good trading chart patterns. In addition, Chipotle's earnings per share are still drastically lower than they were two years ago. Baird's target price indicates a potential downside of 7.49% from the stock's previous close.

The stock increased 1.20% or $3.85 during the last trading session, reaching $324.3. Jefferies downgraded Chipotle Mexican Grill, Inc. Servicemaster Global Holdings Inc (NYSE:SERV) has risen 0.99% since October 25, 2016 and is uptrending. It has underperformed by 9.08% the S&P500. Finally, Numeric Investors LLC raised its stake in Chipotle Mexican Grill by 8,366.4% in the 2nd quarter. Therefore 29% are positive.

Force Capital Management Llc increased Chipotle Mexican Grill Inc (CMG) stake by 66.37% reported in 2017Q2 SEC filing. The stock's last price was higher from the average trading price of 50 days recorded at $48.74 while enlarging the period to 200 trading days, the average price was $43.82. The correct version of this report can be read at The firm earned "Neutral" rating on Monday, March 27 by Wedbush. (NYSE:CMG) rating on Wednesday, March 16. This was an increase from $7.0 million. Buckingham Research maintained Chipotle Mexican Grill, Inc.

There have been some improving quarter-to-date trends, with comps trending better by 2 to 3%, but with a "somewhat confusing" outlook as the CMG team suggests the run-rate will likely continue as is through the fourth quarter. Chipotle Mexican Grill, Inc. (NYSE:CMG) on Thursday, December 24 with "Outperform" rating. The rating was upgraded by Standpoint Research to "Underperform" on Tuesday, July 18. The stock of Chipotle Mexican Grill, Inc. RI acquired a new position in Chipotle Mexican Grill during the 1st quarter valued at approximately $203,000.