First Trust Advisors LP Has $4.10 Million Position in Chipotle Mexican Grill, Inc. (CMG)

First Trust Advisors LP increased its stake in Chipotle Mexican Grill, Inc. (NYSE:CMG) by 85.1% in the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 9,011 shares of the restaurant operator’s stock after purchasing an additional 4,142 shares during the quarter. First Trust Advisors LP’s holdings in Chipotle Mexican Grill were worth $4,096,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently bought and sold shares of the stock. Sumitomo Mitsui Asset Management Company LTD lifted its holdings in Chipotle Mexican Grill by 7.0% in the 2nd quarter. Sumitomo Mitsui Asset Management Company LTD now owns 1,748 shares of the restaurant operator’s stock worth $754,000 after purchasing an additional 115 shares during the last quarter. Carnegie Capital Asset Management LLC lifted its holdings in Chipotle Mexican Grill by 7.1% in the 2nd quarter. Carnegie Capital Asset Management LLC now owns 2,252 shares of the restaurant operator’s stock worth $1,111,000 after purchasing an additional 150 shares during the last quarter. IFM Investors Pty Ltd increased its position in Chipotle Mexican Grill by 12.6% in the 3rd quarter. IFM Investors Pty Ltd now owns 1,387 shares of the restaurant operator’s stock worth $630,000 after buying an additional 155 shares during the period. Kovack Advisors Inc. increased its position in Chipotle Mexican Grill by 18.4% in the 2nd quarter. Kovack Advisors Inc. now owns 1,195 shares of the restaurant operator’s stock worth $515,000 after buying an additional 186 shares during the period. Finally, Qube Research & Technologies Ltd increased its position in Chipotle Mexican Grill by 24.9% in the 2nd quarter. Qube Research & Technologies Ltd now owns 982 shares of the restaurant operator’s stock worth $424,000 after buying an additional 196 shares during the period. Hedge funds and other institutional investors own 92.20% of the company’s stock.

In other news, Director Pershing Square Capital Manage sold 823,357 shares of the business’s stock in a transaction that occurred on Tuesday, August 28th. The stock was sold at an average price of $487.29, for a total transaction of $401,213,632.53. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 2.19% of the company’s stock.

CMG has been the topic of several recent analyst reports. Piper Jaffray Companies set a $550.00 price target on Chipotle Mexican Grill and gave the stock a “buy” rating in a research report on Monday, October 22nd. Wells Fargo & Co lifted their price target on Chipotle Mexican Grill from $415.00 to $420.00 and gave the stock a “market perform” rating in a research report on Friday, October 26th. Gordon Haskett initiated coverage on Chipotle Mexican Grill in a research report on Thursday, October 18th. They issued an “underperform” rating and a $385.00 price target on the stock. William Blair reaffirmed a “hold” rating on shares of Chipotle Mexican Grill in a research report on Wednesday, August 1st. Finally, Wedbush downgraded Chipotle Mexican Grill from a “neutral” rating to an “underperform” rating and dropped their price target for the stock from $450.00 to $445.00 in a research report on Monday, August 27th. Nine equities research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and fourteen have issued a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $431.72.

CMG opened at $471.26 on Friday. The company has a market cap of $13.10 billion, a PE ratio of 71.40, a PEG ratio of 3.12 and a beta of 0.22. Chipotle Mexican Grill, Inc. has a 1 year low of $247.51 and a 1 year high of $530.68.

Chipotle Mexican Grill (NYSE:CMG) last released its quarterly earnings data on Thursday, October 25th. The restaurant operator reported $2.16 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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%. On average, analysts predict that Chipotle Mexican Grill, Inc. will post 8.47 EPS for the current year.

TRADEMARK VIOLATION WARNING: “First Trust Advisors LP Has $4.10 Million Position in Chipotle Mexican Grill, Inc. (CMG)” was published by WKRB News and is the property of of WKRB News. If you are reading this piece on another website, it was illegally stolen and republished in violation of United States & international copyright & trademark legislation. The legal version of this piece can be accessed at https://www.wkrb13.com/2018/11/23/first-trust-advisors-lp-has-4-10-million-position-in-chipotle-mexican-grill-inc-cmg.html.

About Chipotle Mexican Grill

Chipotle Mexican Grill, Inc, together with its subsidiaries, operates Chipotle Mexican Grill restaurants. As of September 30, 2018, it operated 2,424 Chipotle restaurants in the United States, as well as 37 international Chipotle restaurants. The company was founded in 1993 and is headquartered in Newport Beach, California.

Recommended Story: Price to Earnings Ratio (PE), For Valuing Stocks

Want to see what other hedge funds are holding CMG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Chipotle Mexican Grill, Inc. (NYSE:CMG).

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

Receive News & Ratings for Chipotle Mexican Grill Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Chipotle Mexican Grill and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply