Chicago Equity Partners LLC lessened its stake in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) by 34.9% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 11,732 shares of the restaurant operator’s stock after selling 6,303 shares during the period. Chicago Equity Partners LLC’s holdings in Chipotle Mexican Grill were worth $5,066,000 at the end of the most recent reporting period.
Other institutional investors also recently bought and sold shares of the company. Vanguard Group Inc increased its stake in shares of Chipotle Mexican Grill by 1.9% in the 3rd quarter. Vanguard Group Inc now owns 2,590,430 shares of the restaurant operator’s stock valued at $1,177,403,000 after purchasing an additional 47,822 shares during the last quarter. FMR LLC increased its stake in shares of 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 purchasing an additional 149,725 shares during the last quarter. BlackRock Inc. increased its stake in shares of Chipotle Mexican Grill by 0.5% in the 3rd quarter. BlackRock Inc. now owns 1,551,026 shares of the restaurant operator’s stock valued at $704,970,000 after purchasing an additional 8,403 shares during the last quarter. Jennison Associates LLC increased its stake in shares of Chipotle Mexican Grill by 128.5% in the 3rd quarter. Jennison Associates LLC now owns 830,269 shares of the restaurant operator’s stock valued at $377,374,000 after purchasing an additional 466,849 shares during the last quarter. Finally, Renaissance Technologies LLC increased its stake in shares of Chipotle Mexican Grill by 255.0% in the 3rd quarter. Renaissance Technologies LLC now owns 792,000 shares of the restaurant operator’s stock valued at $359,980,000 after purchasing an additional 568,900 shares during the last quarter. Hedge funds and other institutional investors own 91.25% of the company’s stock.
Several equities research analysts recently weighed in on the company. Barclays raised their price objective on Chipotle Mexican Grill from $360.00 to $400.00 and gave the company an “equal weight” rating in a report on Friday, October 26th. Zacks Investment Research raised Chipotle Mexican Grill from a “hold” rating to a “buy” rating and set a $589.00 price objective on the stock in a report on Friday. Royal Bank of Canada raised Chipotle Mexican Grill from a “sector perform” rating to an “outperform” rating and raised their price objective for the company from $450.00 to $510.00 in a report on Monday, October 22nd. Wedbush reissued an “underperform” rating on shares of Chipotle Mexican Grill in a report on Thursday, December 20th. Finally, TheStreet downgraded Chipotle Mexican Grill from a “b-” rating to a “c” rating in a report on Thursday, October 25th. Nine investment analysts have rated the stock with a sell rating, fourteen have given a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $501.39.
Chipotle Mexican Grill (NYSE:CMG) last announced its earnings results on Wednesday, February 6th. The restaurant operator reported $1.72 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.38 by $0.34. The firm had revenue of $1.23 billion for the quarter, compared to the consensus estimate of $1.20 billion. Chipotle Mexican Grill had a return on equity of 17.64% and a net margin of 3.63%. The business’s quarterly revenue was up 10.4% compared to the same quarter last year. During the same period in the previous year, the business earned $1.34 EPS. Equities analysts anticipate that Chipotle Mexican Grill, Inc. will post 12.16 earnings per share for the current fiscal 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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