QUANTRES ASSET MANAGEMENT Ltd increased its position in Chipotle Mexican Grill, Inc. (NYSE:CMG) by 107.1% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 2,900 shares of the restaurant operator’s stock after purchasing an additional 1,500 shares during the quarter. QUANTRES ASSET MANAGEMENT Ltd’s holdings in Chipotle Mexican Grill were worth $838,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other large investors also recently made changes to their positions in the business. First Interstate Bank grew its holdings in Chipotle Mexican Grill by 111.1% during the third quarter. First Interstate Bank now owns 475 shares of the restaurant operator’s stock valued at $146,000 after purchasing an additional 250 shares during the period. Mercer Capital Advisers Inc. bought a new position in shares of Chipotle Mexican Grill in the third quarter worth about $183,000. CIBC World Markets Inc. bought a new position in shares of Chipotle Mexican Grill in the second quarter worth about $205,000. Pacer Advisors Inc. boosted its stake in shares of Chipotle Mexican Grill by 6.2% in the second quarter. Pacer Advisors Inc. now owns 498 shares of the restaurant operator’s stock worth $207,000 after acquiring an additional 29 shares during the period. Finally, Raymond James Trust N.A. boosted its stake in shares of Chipotle Mexican Grill by 10.1% in the second quarter. Raymond James Trust N.A. now owns 545 shares of the restaurant operator’s stock worth $227,000 after acquiring an additional 50 shares during the period. Institutional investors and hedge funds own 88.43% of the company’s stock.
Shares of Chipotle Mexican Grill, Inc. (NYSE CMG) opened at $327.34 on Friday. Chipotle Mexican Grill, Inc. has a 12-month low of $263.00 and a 12-month high of $499.00. The company has a market capitalization of $9,189.82, a PE ratio of 63.44, a PEG ratio of 1.97 and a beta of 0.50.
Chipotle Mexican Grill (NYSE:CMG) last posted its earnings results on Tuesday, October 24th. The restaurant operator reported $1.33 EPS for the quarter, missing the Zacks’ 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 for the quarter, compared to analyst estimates of $1.14 billion. During the same quarter last year, the business earned $0.56 earnings per share. Chipotle Mexican Grill’s revenue was up 8.8% on a year-over-year basis. research analysts forecast that Chipotle Mexican Grill, Inc. will post 6.58 EPS for the current year.
CMG has been the topic of a number of research analyst reports. Credit Suisse Group decreased their target price on Chipotle Mexican Grill from $320.00 to $275.00 and set a “neutral” rating on the stock in a research report on Wednesday, October 25th. Robert W. Baird reiterated a “hold” rating and issued a $340.00 target price (down from $385.00) on shares of Chipotle Mexican Grill in a research report on Tuesday, October 3rd. Royal Bank of Canada decreased their price objective on Chipotle Mexican Grill from $440.00 to $330.00 and set a “sector perform” rating on the stock in a research report on Friday, October 20th. Wedbush restated a “hold” rating and set a $290.00 price objective on shares of Chipotle Mexican Grill in a research report on Wednesday, October 25th. Finally, Goldman Sachs Group reaffirmed a “neutral” rating and set a $360.00 target price on shares of Chipotle Mexican Grill in a research note on Wednesday, September 20th. Six equities research analysts have rated the stock with a sell rating, twenty-four have given a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company’s stock. Chipotle Mexican Grill presently has a consensus rating of “Hold” and an average target price of $357.00.
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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.
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