Lord Abbett & CO. LLC Purchases New Holdings in Chipotle Mexican Grill, Inc. (NYSE:CMG)

Lord Abbett & CO. LLC bought a new position in Chipotle Mexican Grill, Inc. (NYSE:CMG) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 26,164 shares of the restaurant operator’s stock, valued at approximately $10,887,000. Lord Abbett & CO. LLC owned approximately 0.09% of Chipotle Mexican Grill as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently added to or reduced their stakes in CMG. Korea Investment CORP lifted its holdings in shares of Chipotle Mexican Grill by 140.2% in the second quarter. Korea Investment CORP now owns 269 shares of the restaurant operator’s stock worth $112,000 after buying an additional 157 shares in the last quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA lifted its holdings in shares of Chipotle Mexican Grill by 15.7% in the second quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 406 shares of the restaurant operator’s stock worth $140,000 after buying an additional 55 shares in the last quarter. OLD Mutual Customised Solutions Proprietary Ltd. lifted its holdings in shares of Chipotle Mexican Grill by 84.5% in the first quarter. OLD Mutual Customised Solutions Proprietary Ltd. now owns 369 shares of the restaurant operator’s stock worth $164,000 after buying an additional 169 shares in the last quarter. Harbour Capital Advisors LLC lifted its holdings in shares of Chipotle Mexican Grill by 30,455.0% in the second quarter. Harbour Capital Advisors LLC now owns 82,804 shares of the restaurant operator’s stock worth $199,000 after buying an additional 82,533 shares in the last quarter. Finally, Blue Sky Asset Management LLC purchased a new position in shares of Chipotle Mexican Grill in the second quarter worth $200,000. 90.31% of the stock is currently owned by hedge funds and other institutional investors.

CMG has been the topic of a number of recent research reports. Wells Fargo & Company reaffirmed a “market perform” rating and set a $470.00 price target on shares of Chipotle Mexican Grill in a research note on Friday, July 14th. Mizuho set a $533.00 price target on shares of Chipotle Mexican Grill and gave the company a “buy” rating in a research note on Monday, July 17th. Maxim Group raised shares of Chipotle Mexican Grill from a “hold” rating to a “buy” rating and upped their price target for the company from $440.00 to $470.00 in a research note on Tuesday, July 18th. Standpoint Research raised shares of Chipotle Mexican Grill from a “sell” rating to an “underperform” rating and set a $420.00 price target on the stock in a research note on Tuesday, July 18th. Finally, Telsey Advisory Group raised shares of Chipotle Mexican Grill from a “market perform” rating to an “outperform” rating and set a $440.00 price target on the stock in a research note on Wednesday, July 19th. Eight investment analysts have rated the stock with a sell rating, twenty-two have assigned a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $356.06.

Shares of Chipotle Mexican Grill, Inc. (NYSE CMG) traded up $4.45 during trading on Friday, hitting $279.45. 1,060,800 shares of the company traded hands, compared to its average volume of 1,167,223. The stock has a market cap of $7,764.05, a price-to-earnings ratio of 47.41, a P/E/G ratio of 2.38 and a beta of 0.44. Chipotle Mexican Grill, Inc. has a 52-week low of $264.90 and a 52-week high of $499.00.

Chipotle Mexican Grill (NYSE:CMG) last announced its quarterly earnings data on Tuesday, October 24th. The restaurant operator reported $1.33 EPS for the quarter, missing the Thomson Reuters’ 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 company had revenue of $1.13 billion during the quarter, compared to analysts’ expectations of $1.14 billion. During the same period in the previous year, the business earned $0.56 earnings per share. The business’s revenue for the quarter was up 8.8% compared to the same quarter last year. sell-side analysts forecast that Chipotle Mexican Grill, Inc. will post 6.59 EPS for the current fiscal year.

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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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