Stock Short Interest Filing: Will Chipotle Mexican Grill Incorporated (NYSE:CMG) Run Out of Steam Soon? Short Interest is Up

November 29, 2016 - By Peter Erickson   ·   0 Comments

Stock Short Interest Filing: Will Chipotle Mexican Grill Incorporated (NYSE:CMG) Run Out of Steam Soon? Short Interest is Up

The stock of Chipotle Mexican Grill Incorporated (NYSE:CMG) registered an increase of 17.38% in short interest. CMG’s total short interest was 6.03M shares in November as published by FINRA. Its up 17.38% from 5.14 million shares, reported previously. With 1.76M shares average volume, it will take short sellers 3 days to cover their CMG’s short positions. The short interest to Chipotle Mexican Grill Incorporated’s float is 23.41%. About 538,207 shares traded hands. Chipotle Mexican Grill, Inc. (NYSE:CMG) has declined 10.43% since April 26, 2016 and is downtrending. It has underperformed by 15.69% the S&P500.

Chipotle Mexican Grill, Inc., together with its subsidiaries operates Chipotle Mexican Grill restaurants. The company has a market cap of $11.16 billion. The Company’s Chipotle Mexican Grill restaurants serve a menu of burritos, tacos, burrito bowls and salads. It has a 163.48 P/E ratio. The Firm operates approximately 1,970 Chipotle restaurants throughout the United States, over 10 in Canada, seven in England, four in France and one in Germany.

Insitutional Activity: The institutional sentiment decreased to 0.85 in 2016 Q2. Its down 0.16, from 1.01 in 2016Q1. The ratio fall, as 50 funds sold all Chipotle Mexican Grill, Inc. shares owned while 178 reduced positions. 57 funds bought stakes while 173 increased positions. They now own 27.25 million shares or 11.13% less from 30.66 million shares in 2016Q1.
Tremblant Gp has invested 1.19% of its portfolio in Chipotle Mexican Grill, Inc. (NYSE:CMG). Alliancebernstein Ltd Partnership has 0.07% invested in the company for 211,760 shares. Ny State Common Retirement Fund reported 142,931 shares or 0.08% of all its holdings. Invesco last reported 98,809 shares in the company. Asset Mgmt Inc holds 1,386 shares or 0.01% of its portfolio. Ameriprise Financial Inc, a Minnesota-based fund reported 74,252 shares. British Columbia Inv Mngmt Corp, a British Columbia – Canada-based fund reported 14,182 shares. Tocqueville Asset Mgmt L P owns 21,121 shares or 0.11% of their US portfolio. Moreover, Blackrock Fund has 0.05% invested in Chipotle Mexican Grill, Inc. (NYSE:CMG) for 533,527 shares. Texas Permanent School Fund accumulated 0.05% or 9,474 shares. Goldman Sachs holds 548,859 shares or 0.07% of its portfolio. Quantbot Tech Limited Partnership holds 705 shares or 0.03% of its portfolio. Vanguard Grp Incorporated has 0.06% invested in the company for 2.55M shares. Private Advisor Grp Limited Company holds 0.03% of its portfolio in Chipotle Mexican Grill, Inc. (NYSE:CMG) for 1,661 shares. Amici Cap Ltd Llc has 0.53% invested in the company for 7,000 shares.

Chipotle Mexican Grill, Inc. (NYSE:CMG) Ratings Coverage

Out of 37 analysts covering Chipotle Mexican Grill Inc. (NYSE:CMG), 12 rate it a “Buy”, 8 “Sell”, while 17 “Hold”. This means 32% are positive. Chipotle Mexican Grill Inc. has been the topic of 116 analyst reports since July 22, 2015 according to StockzIntelligence Inc. Goldman Sachs maintained Chipotle Mexican Grill, Inc. (NYSE:CMG) on Thursday, June 23 with “Neutral” rating. RBC Capital Markets maintained Chipotle Mexican Grill, Inc. (NYSE:CMG) rating on Wednesday, October 14. RBC Capital Markets has “Outperform” rating and $825 price target. JP Morgan downgraded the stock to “Neutral” rating in Tuesday, December 22 report. The stock has “Buy” rating given by Credit Agricole on Wednesday, December 9. Cowen & Co maintained it with “Market Perform” rating and $412 target price in Wednesday, February 3 report. Robert W. Baird maintained the shares of CMG in a report on Wednesday, September 7 with “Neutral” rating. On Wednesday, August 26 the stock rating was upgraded by Vetr to “Hold”. As per Friday, July 22, the company rating was maintained by BTIG Research. Piper Jaffray maintained it with “Overweight” rating and $483 target price in Thursday, September 8 report. Cowen & Co maintained it with “Market Perform” rating and $400 target price in Wednesday, April 27 report.

CMG Company Profile

Chipotle Mexican Grill, Inc., incorporated on January 30, 1998, together with its subsidiaries operates Chipotle Mexican Grill restaurants. The Company’s Chipotle Mexican Grill restaurants serve a menu of burritos, tacos, burrito bowls (a burrito without the tortilla) and salads. The Firm operates approximately 1,970 Chipotle restaurants throughout the United States, over 10 in Canada, seven in England, four in France and one in Germany. The Company’s restaurants include over 10 ShopHouse Southeast Asian Kitchen restaurants, serving Asian-inspired cuisine. The Firm owned and operated approximately three Pizzeria Locale restaurants, a fast casual pizza concept, resulting in a totaling of approximately 2,010 restaurants. The Firm sells gift cards which do not have an expiration date.

More notable recent Chipotle Mexican Grill, Inc. (NYSE:CMG) news were published by: Investorplace.com which released: “Profit from Chipotle Mexican Grill, Inc. (CMG) Stock with Less Sizzle” on November 29, 2016, also Fool.com with their article: “Why Chipotle Mexican Grill, Inc. Dropped 15% in October” published on November 11, 2016, Fool.com published: “Chipotle Mexican Grill, Inc. Suffers From Huge Investor Mistrust” on October 31, 2016. More interesting news about Chipotle Mexican Grill, Inc. (NYSE:CMG) were released by: Investorplace.com and their article: “Chipotle Mexican Grill, Inc. (CMG) Stock Needs MUCH More Than Ackman to Win” published on November 21, 2016 as well as Investorplace.com‘s news article titled: “When This Analyst Slams Chipotle Mexican Grill, Inc. (CMG), You Should Listen” with publication date: November 16, 2016.

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By Peter Erickson

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