Maple Capital Management Inc. cut its holdings in Chipotle Mexican Grill (NYSE:CMG) by 3.1% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 15,174 shares of the restaurant operator’s stock after selling 481 shares during the quarter. Maple Capital Management Inc. owned 0.05% of Chipotle Mexican Grill worth $4,386,000 at the end of the most recent quarter.
Several other hedge funds have also bought and sold shares of the stock. BlackRock Inc. lifted its position in Chipotle Mexican Grill by 0.5% in the fourth quarter. BlackRock Inc. now owns 1,559,197 shares of the restaurant operator’s stock worth $450,653,000 after buying an additional 7,805 shares during the last quarter. Clearbridge Investments LLC lifted its position in Chipotle Mexican Grill by 6.4% in the fourth quarter. Clearbridge Investments LLC now owns 691,054 shares of the restaurant operator’s stock worth $199,735,000 after buying an additional 41,468 shares during the last quarter. Independent Franchise Partners LLP bought a new stake in Chipotle Mexican Grill in the fourth quarter worth $107,391,000. Geode Capital Management LLC lifted its position in shares of Chipotle Mexican Grill by 0.9% during the fourth quarter. Geode Capital Management LLC now owns 255,862 shares of the restaurant operator’s stock worth $73,795,000 after purchasing an additional 2,179 shares during the last quarter. Finally, Brown Advisory Inc. lifted its position in shares of Chipotle Mexican Grill by 1.4% during the third quarter. Brown Advisory Inc. now owns 216,827 shares of the restaurant operator’s stock worth $66,745,000 after purchasing an additional 3,069 shares during the last quarter. 84.11% of the stock is owned by hedge funds and other institutional investors.
NYSE:CMG traded down $9.64 during trading hours on Friday, reaching $318.07. The company had a trading volume of 633,603 shares, compared to its average volume of 712,517. Chipotle Mexican Grill has a 1-year low of $247.51 and a 1-year high of $499.00. The company has a market capitalization of $9,153.03, a PE ratio of 48.19, a PEG ratio of 2.26 and a beta of 0.55.
Chipotle Mexican Grill (NYSE:CMG) last announced its quarterly earnings results on Tuesday, February 6th. The restaurant operator reported $1.34 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.32 by $0.02. The company had revenue of $1.11 billion during the quarter, compared to the consensus estimate of $1.11 billion. Chipotle Mexican Grill had a return on equity of 13.44% and a net margin of 3.94%. Chipotle Mexican Grill’s revenue for the quarter was up 7.3% on a year-over-year basis. During the same period in the previous year, the company posted $0.55 earnings per share. equities research analysts anticipate that Chipotle Mexican Grill will post 8.25 EPS for the current year.
In other Chipotle Mexican Grill news, Director Ali Namvar bought 3,000 shares of Chipotle Mexican Grill stock in a transaction dated Thursday, February 22nd. The stock was acquired at an average cost of $317.70 per share, with a total value of $953,100.00. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Paul T. Cappuccio bought 500 shares of Chipotle Mexican Grill stock in a transaction dated Thursday, February 15th. The shares were acquired at an average cost of $290.88 per share, with a total value of $145,440.00. Following the completion of the purchase, the director now owns 766 shares in the company, valued at $222,814.08. The disclosure for this purchase can be found here. Over the last ninety days, insiders have bought 423,822 shares of company stock valued at $134,819,781. Corporate insiders own 2.01% of the company’s stock.
Several analysts have recently weighed in on CMG shares. ValuEngine downgraded Chipotle Mexican Grill from a “hold” rating to a “sell” rating in a research report on Sunday, December 31st. Wells Fargo lifted their target price on Chipotle Mexican Grill from $280.00 to $300.00 and gave the stock a “market perform” rating in a research report on Tuesday, January 30th. They noted that the move was a valuation call. Citigroup upgraded Chipotle Mexican Grill to a “market perform” rating in a report on Friday, January 19th. They noted that the move was a valuation call. Maxim Group restated a “buy” rating and issued a $425.00 price objective (up from $400.00) on shares of Chipotle Mexican Grill in a report on Thursday, January 18th. Finally, Raymond James Financial upgraded Chipotle Mexican Grill from an “underperform” rating to a “market perform” rating in a report on Friday, January 19th. Nine research analysts have rated the stock with a sell rating, twenty-three have assigned a hold rating and eight have given a buy rating to the company. Chipotle Mexican Grill currently has an average rating of “Hold” and a consensus price target of $337.78.
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About Chipotle Mexican Grill
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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