Ruane Cunniff & Goldfarb Inc. Sells 354,993 Shares of Chipotle Mexican Grill, Inc. (CMG)

Ruane Cunniff & Goldfarb Inc. reduced its holdings in Chipotle Mexican Grill, Inc. (NYSE:CMG) by 69.9% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 152,944 shares of the restaurant operator’s stock after selling 354,993 shares during the period. Ruane Cunniff & Goldfarb Inc. owned approximately 0.54% of Chipotle Mexican Grill worth $47,081,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also modified their holdings of the company. Andra AP fonden grew its stake in shares of Chipotle Mexican Grill by 67.9% in the 2nd quarter. Andra AP fonden now owns 4,700 shares of the restaurant operator’s stock worth $1,956,000 after buying an additional 1,900 shares in the last quarter. Chilton Investment Co. LLC purchased a new position in shares of Chipotle Mexican Grill in the 2nd quarter worth $10,040,000. Birinyi Associates Inc. lifted its holdings in shares of Chipotle Mexican Grill by 70.0% in the 2nd quarter. Birinyi Associates Inc. now owns 3,400 shares of the restaurant operator’s stock worth $1,415,000 after acquiring an additional 1,400 shares during the last quarter. Allen Investment Management LLC bought a new stake in shares of Chipotle Mexican Grill in the 2nd quarter worth about $493,000. Finally, Sustainable Growth Advisers LP lifted its holdings in shares of Chipotle Mexican Grill by 5.6% in the 2nd quarter. Sustainable Growth Advisers LP now owns 357,539 shares of the restaurant operator’s stock worth $148,772,000 after acquiring an additional 18,856 shares during the last quarter. 88.69% of the stock is owned by institutional investors and hedge funds.

Shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) opened at $307.59 on Monday. Chipotle Mexican Grill, Inc. has a twelve month low of $263.00 and a twelve month high of $499.00. The firm has a market cap of $8,684.16, a PE ratio of 53.03, a P/E/G ratio of 2.65 and a beta of 0.49.

Chipotle Mexican Grill (NYSE:CMG) last posted its quarterly earnings results on Tuesday, October 24th. The restaurant operator reported $1.33 EPS for the quarter, missing the consensus estimate of $2.24 by ($0.91). Chipotle Mexican Grill had a net margin of 3.37% and a return on equity of 11.80%. The business had revenue of $1.13 billion during the quarter, compared to the consensus estimate of $1.14 billion. During the same quarter in the prior year, the firm posted $0.56 EPS. The company’s revenue for the quarter was up 8.8% compared to the same quarter last year. equities analysts expect that Chipotle Mexican Grill, Inc. will post 6.63 earnings per share for the current year.

Several equities research analysts have recently issued reports on CMG shares. Credit Suisse Group lowered their target price on shares of Chipotle Mexican Grill from $320.00 to $275.00 and set a “neutral” rating for the company in a report on Wednesday, October 25th. Robert W. Baird restated a “hold” rating and issued a $340.00 target price (down previously from $385.00) on shares of Chipotle Mexican Grill in a report on Tuesday, October 3rd. Standpoint Research upgraded shares of Chipotle Mexican Grill from an “underperform” rating to a “hold” rating in a report on Friday, August 25th. Royal Bank Of Canada lowered their target price on shares of Chipotle Mexican Grill from $440.00 to $330.00 and set a “sector perform” rating for the company in a report on Friday, October 20th. Finally, Wedbush restated a “hold” rating and issued a $290.00 target price on shares of Chipotle Mexican Grill in a report on Wednesday, October 25th. Seven research analysts have rated the stock with a sell rating, twenty-four have assigned a hold rating, eight have given a buy rating and one has issued a strong buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $355.69.

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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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