PineView Asset Management LP Has $934,000 Holdings in Chipotle Mexican Grill, Inc. (CMG)

PineView Asset Management LP reduced its position in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) by 79.5% in the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 2,245 shares of the restaurant operator’s stock after selling 8,730 shares during the quarter. Chipotle Mexican Grill accounts for about 0.3% of PineView Asset Management LP’s investment portfolio, making the stock its 18th biggest holding. PineView Asset Management LP’s holdings in Chipotle Mexican Grill were worth $934,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its stake in shares of Chipotle Mexican Grill by 2.3% in the second quarter. Vanguard Group Inc. now owns 2,783,059 shares of the restaurant operator’s stock worth $1,158,031,000 after acquiring an additional 63,636 shares during the period. BlackRock Inc. grew its stake in shares of Chipotle Mexican Grill by 3,309.6% in the first quarter. BlackRock Inc. now owns 2,424,479 shares of the restaurant operator’s stock worth $1,080,155,000 after acquiring an additional 2,353,372 shares during the period. State Street Corp grew its stake in shares of Chipotle Mexican Grill by 3.7% in the first quarter. State Street Corp now owns 1,237,517 shares of the restaurant operator’s stock worth $551,348,000 after acquiring an additional 44,694 shares during the period. American Century Companies Inc. grew its stake in shares of Chipotle Mexican Grill by 59.8% in the second quarter. American Century Companies Inc. now owns 563,698 shares of the restaurant operator’s stock worth $234,555,000 after acquiring an additional 210,872 shares during the period. Finally, Carmignac Gestion grew its stake in shares of Chipotle Mexican Grill by 162.5% in the second quarter. Carmignac Gestion now owns 516,751 shares of the restaurant operator’s stock worth $215,020,000 after acquiring an additional 319,875 shares during the period. Institutional investors and hedge funds own 90.08% of the company’s stock.

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Chipotle Mexican Grill, Inc. (CMG) traded down 0.87% during mid-day trading on Friday, reaching $307.64. 1,051,527 shares of the company were exchanged. Chipotle Mexican Grill, Inc. has a 1-year low of $295.11 and a 1-year high of $499.00. The stock’s 50-day moving average price is $310.09 and its 200-day moving average price is $398.56. The stock has a market capitalization of $8.77 billion, a price-to-earnings ratio of 66.13 and a beta of 0.60.

Chipotle Mexican Grill (NYSE:CMG) last released its earnings results on Tuesday, July 25th. The restaurant operator reported $2.32 earnings per share for the quarter, beating the consensus estimate of $2.16 by $0.16. The company had revenue of $1.17 billion during the quarter, compared to the consensus estimate of $1.19 billion. Chipotle Mexican Grill had a return on equity of 10.65% and a net margin of 3.17%. Chipotle Mexican Grill’s revenue was up 17.1% compared to the same quarter last year. During the same period in the previous year, the company posted $0.87 EPS. On average, equities research analysts anticipate that Chipotle Mexican Grill, Inc. will post $7.52 EPS for the current fiscal year.

A number of analysts have recently commented on CMG shares. SunTrust Banks, Inc. reiterated a “buy” rating and issued a $505.00 price target (down from $520.00) on shares of Chipotle Mexican Grill in a research note on Wednesday, July 26th. Wedbush lowered shares of Chipotle Mexican Grill from an “outperform” rating to a “market perform” rating and reduced their price target for the stock from $470.00 to $370.00 in a research note on Friday, July 21st. Maxim Group upgraded shares of Chipotle Mexican Grill from a “hold” rating to a “buy” rating and lifted their price target for the stock from $440.00 to $470.00 in a research note on Tuesday, July 18th. Cowen and Company lowered shares of Chipotle Mexican Grill from a “market perform” rating to an “underperform” rating and reduced their price target for the stock from $370.00 to $250.00 in a research note on Friday, September 8th. Finally, Oppenheimer Holdings, Inc. reiterated a “market perform” rating on shares of Chipotle Mexican Grill in a research note on Wednesday, July 12th. Seven equities research analysts have rated the stock with a sell rating, twenty-three have assigned a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company’s stock. Chipotle Mexican Grill has a consensus rating of “Hold” and a consensus price target of $395.25.

Chipotle Mexican Grill 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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