Cim LLC Grows Holdings in Chipotle Mexican Grill, Inc. (CMG)

Cim LLC lifted its stake in Chipotle Mexican Grill, Inc. (NYSE:CMG) by 31.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 14,645 shares of the restaurant operator’s stock after acquiring an additional 3,472 shares during the quarter. Chipotle Mexican Grill accounts for about 1.7% of Cim LLC’s investment portfolio, making the stock its 22nd largest holding. Cim LLC owned 0.05% of Chipotle Mexican Grill worth $4,233,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently made changes to their positions in the company. First Interstate Bank lifted 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 in the last quarter. Mercer Capital Advisers Inc. purchased a new position in Chipotle Mexican Grill during the third quarter valued at approximately $183,000. Pacer Advisors Inc. lifted its holdings in Chipotle Mexican Grill by 43.2% during the third quarter. Pacer Advisors Inc. now owns 713 shares of the restaurant operator’s stock valued at $219,000 after purchasing an additional 215 shares in the last quarter. Ahrens Investment Partners LLC purchased a new position in Chipotle Mexican Grill during the third quarter valued at approximately $234,000. Finally, TLP Group LLC purchased a new position in shares of Chipotle Mexican Grill in the second quarter worth $251,000. Hedge funds and other institutional investors own 87.00% of the company’s stock.

Several research firms have recently commented on CMG. William Blair reissued a “hold” rating on shares of Chipotle Mexican Grill in a report on Monday, January 22nd. Citigroup upgraded shares of Chipotle Mexican Grill to a “market perform” rating in a research report on Friday, January 19th. They noted that the move was a valuation call. Raymond James Financial upgraded shares of Chipotle Mexican Grill from an “underperform” rating to a “market perform” rating in a research report on Friday, January 19th. Maxim Group restated a “buy” rating and issued a $425.00 price target (up previously from $400.00) on shares of Chipotle Mexican Grill in a research report on Thursday, January 18th. Finally, Credit Suisse Group reiterated a “neutral” rating and set a $330.00 price objective (up previously from $275.00) on shares of Chipotle Mexican Grill in a research report on Tuesday, January 23rd. Nine analysts have rated the stock with a sell rating, twenty-three have issued a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $342.25.

Shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) opened at $289.91 on Thursday. The company has a market cap of $8,190.00, a P/E ratio of 47.06, a PEG ratio of 1.66 and a beta of 0.59. Chipotle Mexican Grill, Inc. has a one year low of $247.51 and a one year high of $499.00.

Chipotle Mexican Grill (NYSE:CMG) last issued its quarterly earnings data on Tuesday, February 6th. The restaurant operator reported $1.34 EPS for the quarter, topping analysts’ consensus estimates of $1.32 by $0.02. Chipotle Mexican Grill had a net margin of 3.94% and a return on equity of 13.44%. The business had revenue of $1.11 billion for the quarter, compared to analysts’ expectations of $1.11 billion. During the same quarter last year, the company earned $0.55 EPS. The business’s revenue was up 7.3% on a year-over-year basis. research analysts predict that Chipotle Mexican Grill, Inc. will post 8.36 earnings per share for the current 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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