Swiss National Bank Reduces Position in Chipotle Mexican Grill, Inc. (CMG)

Swiss National Bank reduced its position in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) by 4.0% during the 3rd quarter, HoldingsChannel reports. The fund owned 79,887 shares of the restaurant operator’s stock after selling 3,300 shares during the quarter. Swiss National Bank’s holdings in Chipotle Mexican Grill were worth $36,310,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently bought and sold shares of CMG. Jennison Associates LLC acquired a new stake in shares of Chipotle Mexican Grill during the 2nd quarter valued at approximately $156,768,000. Massachusetts Financial Services Co. MA acquired a new stake in shares of Chipotle Mexican Grill during the 3rd quarter valued at approximately $69,452,000. FMR LLC raised its position in shares of Chipotle Mexican Grill by 10.2% during the 2nd quarter. FMR LLC now owns 1,620,408 shares of the restaurant operator’s stock valued at $698,995,000 after acquiring an additional 149,725 shares in the last quarter. Wells Fargo & Company MN raised its position in shares of Chipotle Mexican Grill by 125.3% during the 3rd quarter. Wells Fargo & Company MN now owns 261,869 shares of the restaurant operator’s stock valued at $119,025,000 after acquiring an additional 145,631 shares in the last quarter. Finally, Victory Capital Management Inc. raised its position in shares of Chipotle Mexican Grill by 2,018.2% during the 3rd quarter. Victory Capital Management Inc. now owns 118,918 shares of the restaurant operator’s stock valued at $54,050,000 after acquiring an additional 113,304 shares in the last quarter. 92.20% of the stock is currently owned by institutional investors and hedge funds.

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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 2.19% of the company’s stock.

A number of research analysts recently commented on the company. William Blair restated a “hold” rating on shares of Chipotle Mexican Grill in a research note on Wednesday, August 1st. Morgan Stanley upgraded Chipotle Mexican Grill from an “equal weight” rating to an “overweight” rating and upped their price objective for the stock from $413.00 to $600.00 in a research note on Wednesday, August 15th. Maxim Group restated a “hold” rating and set a $500.00 price objective (up from $430.00) on shares of Chipotle Mexican Grill in a research note on Tuesday, August 28th. UBS Group set a $370.00 price objective on Chipotle Mexican Grill and gave the stock a “sell” rating in a research note on Monday, October 22nd. Finally, Wells Fargo & Co upped their price objective on Chipotle Mexican Grill from $415.00 to $420.00 and gave the stock a “market perform” rating in a research note on Friday, October 26th. Nine research analysts have rated the stock with a sell rating, sixteen have issued a hold rating and fourteen have issued a buy rating to the company. Chipotle Mexican Grill presently has a consensus rating of “Hold” and a consensus target price of $431.72.

NYSE:CMG opened at $471.42 on Friday. Chipotle Mexican Grill, Inc. has a 1 year low of $247.51 and a 1 year high of $530.68. The firm has a market capitalization of $13.10 billion, a PE ratio of 71.43, a price-to-earnings-growth ratio of 3.12 and a beta of 0.22.

Chipotle Mexican Grill (NYSE:CMG) last released its quarterly earnings results on Thursday, October 25th. The restaurant operator reported $2.16 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $2.00 by $0.16. Chipotle Mexican Grill had a return on equity of 17.14% and a net margin of 3.96%. The company had revenue of $1.23 billion during the quarter, compared to analysts’ expectations of $1.23 billion. On average, research analysts expect that Chipotle Mexican Grill, Inc. will post 8.47 EPS for the current year.

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Chipotle Mexican Grill Company Profile

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.

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

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