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.
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