IFP Advisors Inc Has $266,000 Position in Chipotle Mexican Grill, Inc. (CMG)

IFP Advisors Inc trimmed its position in Chipotle Mexican Grill, Inc. (NYSE:CMG) by 27.4% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 585 shares of the restaurant operator’s stock after selling 221 shares during the period. IFP Advisors Inc’s holdings in Chipotle Mexican Grill were worth $266,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the stock. FMR LLC grew its position in Chipotle Mexican Grill by 10.2% in the 2nd quarter. FMR LLC now owns 1,620,408 shares of the restaurant operator’s stock valued at $698,995,000 after buying an additional 149,725 shares during the last quarter. Jennison Associates LLC purchased a new position in Chipotle Mexican Grill in the 2nd quarter valued at $156,768,000. Bank of New York Mellon Corp grew its position in Chipotle Mexican Grill by 15.8% in the 2nd quarter. Bank of New York Mellon Corp now owns 336,486 shares of the restaurant operator’s stock valued at $145,149,000 after buying an additional 45,936 shares during the last quarter. American Century Companies Inc. grew its position in Chipotle Mexican Grill by 31.2% in the 2nd quarter. American Century Companies Inc. now owns 243,913 shares of the restaurant operator’s stock valued at $105,217,000 after buying an additional 58,067 shares during the last quarter. Finally, Renaissance Technologies LLC grew its position in Chipotle Mexican Grill by 92.3% in the 2nd quarter. Renaissance Technologies LLC now owns 223,100 shares of the restaurant operator’s stock valued at $96,239,000 after buying an additional 107,100 shares during the last quarter. Hedge funds and other institutional investors own 89.13% of the company’s stock.

Shares of CMG stock opened at $477.49 on Thursday. Chipotle Mexican Grill, Inc. has a twelve month low of $247.51 and a twelve month high of $530.68. The stock has a market capitalization of $13.18 billion, a P/E ratio of 72.35, a PEG ratio of 3.13 and a beta of 0.22.

Chipotle Mexican Grill (NYSE:CMG) last announced its earnings results on Thursday, October 25th. The restaurant operator reported $2.16 earnings per share for the quarter, beating the consensus estimate of $2.00 by $0.16. Chipotle Mexican Grill had a net margin of 3.96% and a return on equity of 17.14%. The firm had revenue of $1.23 billion during the quarter, compared to the consensus estimate of $1.23 billion. Equities analysts expect that Chipotle Mexican Grill, Inc. will post 8.48 earnings per share for the current fiscal year.

A number of equities analysts recently weighed in on CMG shares. Citigroup lifted their price objective on shares of Chipotle Mexican Grill from $506.00 to $573.00 and gave the company a “buy” rating in a research report on Wednesday, August 15th. Zacks Investment Research upgraded shares of Chipotle Mexican Grill from a “hold” rating to a “buy” rating and set a $512.00 price objective on the stock in a research report on Monday, July 16th. Oppenheimer lowered shares of Chipotle Mexican Grill from a “market perform” rating to an “underperform” rating and set a $400.00 price objective on the stock. in a research report on Monday, October 1st. They noted that the move was a valuation call. UBS Group lowered shares of Chipotle Mexican Grill from a “market perform” rating to an “underperform” rating in a research report on Monday, October 1st. Finally, KeyCorp started coverage on shares of Chipotle Mexican Grill in a research report on Wednesday, October 3rd. They issued an “overweight” rating and a $500.00 price objective on the stock. Nine investment analysts have rated the stock with a sell rating, fifteen have issued a hold rating and fifteen have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $431.72.

In other Chipotle Mexican Grill news, Director Pershing Square Capital Manage sold 118,307 shares of Chipotle Mexican Grill stock in a transaction dated Tuesday, November 6th. The stock was sold at an average price of $472.05, for a total value of $55,846,819.35. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 2.19% of the stock is owned by insiders.

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Chipotle Mexican Grill Profile

Chipotle Mexican Grill, Inc, together with its subsidiaries, operates Chipotle Mexican Grill restaurants. As of December 31, 2017, it operated 2,363 Chipotle restaurants throughout the United States, as well as 37 international Chipotle restaurants; and 8 non-Chipotle restaurants. The company was founded in 1993 and is based in Denver, Colorado.

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Institutional Ownership by Quarter for Chipotle Mexican Grill (NYSE:CMG)

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