Verition Fund Management LLC purchased a new position in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 1,386 shares of the restaurant operator’s stock, valued at approximately $598,000.
A number of other hedge funds and other institutional investors have also made changes to their positions in CMG. Canada Pension Plan Investment Board boosted its holdings in shares of Chipotle Mexican Grill by 636.4% during the second quarter. Canada Pension Plan Investment Board now owns 243 shares of the restaurant operator’s stock worth $105,000 after acquiring an additional 210 shares during the period. Piedmont Investment Advisors LLC bought a new stake in shares of Chipotle Mexican Grill during the second quarter worth approximately $119,000. Dupont Capital Management Corp bought a new stake in shares of Chipotle Mexican Grill during the second quarter worth approximately $123,000. Federated Investors Inc. PA boosted its holdings in shares of Chipotle Mexican Grill by 71.7% during the first quarter. Federated Investors Inc. PA now owns 541 shares of the restaurant operator’s stock worth $175,000 after acquiring an additional 226 shares during the period. Finally, Bessemer Group Inc. bought a new stake in shares of Chipotle Mexican Grill during the second quarter worth approximately $184,000. 88.03% of the stock is currently owned by hedge funds and other institutional investors.
In other Chipotle Mexican Grill news, Director Pershing Square Capital Manage sold 823,357 shares of the business’s stock in a transaction that occurred on Tuesday, August 28th. The shares were sold at an average price of $487.29, for a total transaction of $401,213,632.53. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 2.19% of the stock is owned by insiders.
A number of brokerages have recently issued reports on CMG. Robert W. Baird boosted their price objective on Chipotle Mexican Grill from $440.00 to $500.00 and gave the stock an “outperform” rating in a report on Thursday, May 31st. Maxim Group boosted their price objective on Chipotle Mexican Grill from $420.00 to $430.00 and gave the stock a “hold” rating in a report on Friday, July 27th. Jefferies Financial Group upgraded Chipotle Mexican Grill from a “hold” rating to a “buy” rating in a report on Tuesday, July 31st. William Blair restated a “hold” rating on shares of Chipotle Mexican Grill in a report on Thursday, August 23rd. Finally, Mizuho cut Chipotle Mexican Grill from a “neutral” rating to an “underperform” rating and boosted their price objective for the stock from $300.00 to $330.00 in a report on Tuesday, July 10th. Six research analysts have rated the stock with a sell rating, eighteen have given a hold rating and eleven have issued a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $417.73.
Shares of CMG stock opened at $467.91 on Thursday. The company has a market capitalization of $12.95 billion, a P/E ratio of 60.71, a P/E/G ratio of 3.04 and a beta of 0.44. Chipotle Mexican Grill, Inc. has a 1 year low of $247.51 and a 1 year high of $530.68.
Chipotle Mexican Grill (NYSE:CMG) last issued its quarterly earnings results on Thursday, July 26th. The restaurant operator reported $2.87 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.78 by $0.09. Chipotle Mexican Grill had a return on equity of 15.64% and a net margin of 3.65%. The business had revenue of $1.27 billion during the quarter, compared to analysts’ expectations of $1.26 billion. research analysts predict that Chipotle Mexican Grill, Inc. will post 8.59 EPS for the current year.
Chipotle Mexican Grill Profile
Chipotle Mexican Grill, Inc, together with its subsidiaries, operates Chipotle Mexican Grill restaurants. As of December 31, 2017, it operated 2,363 Chipotle restaurants throughout the United States, as well as 37 international Chipotle restaurants; and 8 non-Chipotle restaurants. The company was founded in 1993 and is based in Denver, Colorado.
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