Iridian Asset Management LLC CT purchased a new position in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) during the first quarter, HoldingsChannel reports. The fund purchased 528,207 shares of the restaurant operator’s stock, valued at approximately $170,669,000.
A number of other large investors have also recently added to or reduced their stakes in CMG. Independent Franchise Partners LLP acquired a new position in Chipotle Mexican Grill during the fourth quarter worth $107,391,000. Timucuan Asset Management Inc. FL acquired a new position in Chipotle Mexican Grill during the fourth quarter worth $45,643,000. Amundi Pioneer Asset Management Inc. lifted its stake in Chipotle Mexican Grill by 524.9% during the fourth quarter. Amundi Pioneer Asset Management Inc. now owns 111,162 shares of the restaurant operator’s stock worth $32,129,000 after purchasing an additional 93,374 shares in the last quarter. Coatue Management LLC acquired a new position in Chipotle Mexican Grill during the fourth quarter worth $24,626,000. Finally, Armistice Capital LLC acquired a new position in Chipotle Mexican Grill during the fourth quarter worth $22,544,000. Institutional investors own 80.31% of the company’s stock.
In other news, Director Pershing Square Capital Manage acquired 420,322 shares of Chipotle Mexican Grill stock in a transaction that occurred on Wednesday, February 28th. The stock was purchased at an average price of $318.14 per share, for a total transaction of $133,721,241.08. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 2.19% of the stock is owned by company insiders.
Shares of NYSE:CMG opened at $435.51 on Thursday. The stock has a market capitalization of $12.11 billion, a P/E ratio of 65.99, a PEG ratio of 2.80 and a beta of 0.49. Chipotle Mexican Grill, Inc. has a 52 week low of $247.51 and a 52 week high of $487.52.
Chipotle Mexican Grill (NYSE:CMG) last announced its quarterly earnings data on Wednesday, April 25th. The restaurant operator reported $2.13 EPS for the quarter, beating the Zacks’ consensus estimate of $1.57 by $0.56. The firm had revenue of $1.15 billion during the quarter, compared to the consensus estimate of $1.15 billion. Chipotle Mexican Grill had a net margin of 4.16% and a return on equity of 14.50%. The firm’s revenue was up 7.4% compared to the same quarter last year. During the same quarter last year, the firm earned $1.60 earnings per share. equities analysts forecast that Chipotle Mexican Grill, Inc. will post 8.44 EPS for the current year.
Several analysts have recently issued reports on CMG shares. Wells Fargo & Co increased their price objective on Chipotle Mexican Grill from $280.00 to $300.00 and gave the company a “market perform” rating in a research note on Tuesday, January 30th. They noted that the move was a valuation call. Nomura increased their price objective on Chipotle Mexican Grill from $291.00 to $315.00 and gave the company a “neutral” rating in a research note on Tuesday, January 30th. Citigroup reiterated a “sell” rating and issued a $290.00 price objective on shares of Chipotle Mexican Grill in a research note on Wednesday, January 31st. Deutsche Bank reiterated a “sell” rating and issued a $290.00 price objective (up from $240.00) on shares of Chipotle Mexican Grill in a research note on Wednesday, January 31st. Finally, UBS cut Chipotle Mexican Grill from a “neutral” rating to a “sell” rating and increased their price objective for the company from $324.76 to $345.00 in a research note on Thursday, February 1st. Six equities research analysts have rated the stock with a sell rating, twenty-five have issued a hold rating and eight have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $361.00.
Chipotle Mexican Grill Company Profile
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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