Picton Mahoney Asset Management acquired a new position in Chipotle Mexican Grill, Inc. (NYSE:CMG) in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 10,700 shares of the restaurant operator’s stock, valued at approximately $4,864,000.
Other institutional investors have also modified their holdings of the company. Canada Pension Plan Investment Board grew its position in Chipotle Mexican Grill by 636.4% in the second quarter. Canada Pension Plan Investment Board now owns 243 shares of the restaurant operator’s stock worth $105,000 after acquiring an additional 210 shares during the period. Cornerstone Wealth Management LLC grew its position in Chipotle Mexican Grill by 17.1% in the third quarter. Cornerstone Wealth Management LLC now owns 35,254 shares of the restaurant operator’s stock worth $116,000 after acquiring an additional 5,142 shares during the period. Piedmont Investment Advisors LLC purchased a new position in Chipotle Mexican Grill in the second quarter worth approximately $119,000. Dupont Capital Management Corp purchased a new position in Chipotle Mexican Grill in the second quarter worth approximately $123,000. Finally, Bessemer Group Inc. purchased a new position in Chipotle Mexican Grill in the second quarter worth approximately $184,000. Institutional investors own 89.13% of the company’s stock.
A number of research analysts have commented on the company. Jefferies Financial Group upgraded Chipotle Mexican Grill from a “hold” rating to a “buy” rating in a research note on Tuesday, July 31st. Zacks Investment Research upgraded Chipotle Mexican Grill from a “hold” rating to a “buy” rating and set a $512.00 price target on the stock in a research note on Monday, July 16th. Robert W. Baird restated a “buy” rating and set a $535.00 price target on shares of Chipotle Mexican Grill in a research note on Friday, July 27th. Canaccord Genuity upped their price target on Chipotle Mexican Grill from $500.00 to $550.00 and gave the stock a “buy” rating in a research note on Friday, July 27th. Finally, Citigroup upped their price target on Chipotle Mexican Grill from $506.00 to $573.00 and gave the stock a “buy” rating in a research note on Wednesday, August 15th. Nine investment analysts have rated the stock with a sell rating, fifteen have given a hold rating and fifteen have issued a buy rating to the stock. The company has an average rating of “Hold” and an average price target of $431.72.
Chipotle Mexican Grill (NYSE:CMG) last announced its quarterly earnings data on Thursday, October 25th. The restaurant operator reported $2.16 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.00 by $0.16. The business had revenue of $1.23 billion for the quarter, compared to analysts’ expectations of $1.23 billion. Chipotle Mexican Grill had a return on equity of 17.14% and a net margin of 3.96%. Analysts anticipate that Chipotle Mexican Grill, Inc. will post 8.48 EPS for the current year.
In other news, Director Pershing Square Capital Manage sold 118,307 shares of the stock in a transaction on Tuesday, November 6th. The stock was sold at an average price of $472.05, for a total value of $55,846,819.35. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 2.19% of the stock is currently owned by company 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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