Quantbot Technologies LP significantly increased its stake in Chipotle Mexican Grill (CMG) by 741.3%, now owning 219,676 shares valued at $8.61 million. This comes despite Chipotle beating earnings estimates but facing weak same-store sales, margin pressure, and a trimmed outlook. While analysts maintain a “Moderate Buy” rating, the stock has fallen 28% over the past year, and short interest has risen.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
Quantbot Technologies LP Has $8.61 Million Stake in Chipotle Mexican Grill, Inc. $CMG
Quantbot Technologies LP significantly increased its stake in Chipotle Mexican Grill (CMG) by 741.3%, now owning 219,676 shares valued at $8.61 million. This comes despite Chipotle beating earnings estimates but facing weak same-store sales, margin pressure, and a trimmed outlook. While analysts maintain a “Moderate Buy” rating, the stock has fallen 28% over the past year, and short interest has risen.