Chipotle Mexican Grill, Inc. (CMG) Shares Sold by Steadfast Capital Management LP

Steadfast Capital Management LP decreased its stake in Chipotle Mexican Grill, Inc. (NYSE:CMG) by 13.2% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 165,537 shares of the restaurant operator’s stock after selling 25,203 shares during the period. Chipotle Mexican Grill makes up approximately 1.4% of Steadfast Capital Management LP’s portfolio, making the stock its 28th largest position. Steadfast Capital Management LP owned about 0.58% of Chipotle Mexican Grill worth $73,750,000 as of its most recent filing with the SEC.

A number of other large investors have also recently made changes to their positions in the company. Bank of Nova Scotia raised its stake in shares of Chipotle Mexican Grill by 42.1% in the first quarter. Bank of Nova Scotia now owns 143,072 shares of the restaurant operator’s stock valued at $63,742,000 after buying an additional 42,418 shares in the last quarter. Financial Advisors Network Inc. raised its stake in shares of Chipotle Mexican Grill by 3,150.0% in the first quarter. Financial Advisors Network Inc. now owns 585 shares of the restaurant operator’s stock valued at $290,000 after buying an additional 567 shares in the last quarter. Marshfield Associates raised its stake in shares of Chipotle Mexican Grill by 7.5% in the first quarter. Marshfield Associates now owns 114,805 shares of the restaurant operator’s stock valued at $51,148,000 after buying an additional 7,998 shares in the last quarter. FNY Partners Fund LP raised its stake in shares of Chipotle Mexican Grill by 170.0% in the first quarter. FNY Partners Fund LP now owns 1,350 shares of the restaurant operator’s stock valued at $601,000 after buying an additional 850 shares in the last quarter. Finally, FNY Managed Accounts LLC purchased a new stake in shares of Chipotle Mexican Grill during the first quarter valued at approximately $107,000. Institutional investors own 95.55% of the company’s stock.

Chipotle Mexican Grill, Inc. (CMG) traded down 0.80% during mid-day trading on Monday, reaching $411.97. The company had a trading volume of 401,198 shares. Chipotle Mexican Grill, Inc. has a 52-week low of $352.96 and a 52-week high of $499.00. The stock has a market capitalization of $11.81 billion, a price-to-earnings ratio of 127.43 and a beta of 0.56. The company’s 50 day moving average is $473.87 and its 200 day moving average is $431.95.

Chipotle Mexican Grill (NYSE:CMG) last announced its earnings results on Tuesday, April 25th. The restaurant operator reported $1.60 EPS for the quarter, topping the consensus estimate of $1.28 by $0.32. The business had revenue of $1.07 billion for the quarter, compared to the consensus estimate of $1.05 billion. Chipotle Mexican Grill had a return on equity of 13.17% and a net margin of 4.32%. Chipotle Mexican Grill’s revenue was up 28.1% compared to the same quarter last year. During the same period in the previous year, the business earned ($0.88) EPS. Equities analysts predict that Chipotle Mexican Grill, Inc. will post $8.25 earnings per share for the current year.

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Several equities research analysts have commented on the company. Wells Fargo & Company restated an “outperform” rating and set a $470.00 price target (down from $530.00) on shares of Chipotle Mexican Grill in a research note on Monday. BMO Capital Markets restated a “buy” rating and set a $550.00 price target on shares of Chipotle Mexican Grill in a research note on Thursday. Deutsche Bank AG restated a “sell” rating on shares of Chipotle Mexican Grill in a research note on Tuesday, June 20th. Mizuho restated a “buy” rating and set a $533.00 price target on shares of Chipotle Mexican Grill in a research note on Wednesday, June 21st. Finally, Piper Jaffray Companies restated an “outperform” rating and set a $530.00 price target on shares of Chipotle Mexican Grill in a research note on Wednesday, June 21st. Eight research analysts have rated the stock with a sell rating, seventeen have issued a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $450.68.

Chipotle Mexican Grill Company Profile

Chipotle Mexican Grill, Inc (Chipotle), together with its subsidiaries, operates Chipotle Mexican Grill restaurants. The Company’s Chipotle Mexican Grill restaurants serve a menu of burritos, tacos, burrito bowls (a burrito without the tortilla) and salads. As of December 31, 2016, the Company managed its operations and restaurants based on 11 regions.

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

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