Jefferies Group LLC boosted its holdings in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) by 1,487.1% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 12,697 shares of the restaurant operator’s stock after purchasing an additional 11,897 shares during the quarter. Jefferies Group LLC’s holdings in Chipotle Mexican Grill were worth $5,771,000 at the end of the most recent quarter.
A number of other large investors have also made changes to their positions in CMG. Canada Pension Plan Investment Board lifted its position in shares of Chipotle Mexican Grill by 636.4% in the 2nd quarter. Canada Pension Plan Investment Board now owns 243 shares of the restaurant operator’s stock worth $105,000 after acquiring an additional 210 shares during the period. Piedmont Investment Advisors LLC bought a new stake in shares of Chipotle Mexican Grill in the 2nd quarter worth approximately $119,000. Dupont Capital Management Corp bought a new stake in shares of Chipotle Mexican Grill in the 2nd quarter worth approximately $123,000. Korea Investment CORP lifted its position in shares of Chipotle Mexican Grill by 45.4% in the 3rd quarter. Korea Investment CORP now owns 391 shares of the restaurant operator’s stock worth $178,000 after acquiring an additional 122 shares during the period. Finally, First Hawaiian Bank bought a new stake in shares of Chipotle Mexican Grill in the 3rd quarter worth approximately $202,000. Hedge funds and other institutional investors own 91.40% of the company’s stock.
In related news, Director Pershing Square Capital Manage sold 118,307 shares of the firm’s stock in a transaction on Tuesday, November 6th. The stock was sold at an average price of $472.05, for a total transaction of $55,846,819.35. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Company insiders own 2.19% of the company’s stock.
A number of brokerages have commented on CMG. Barclays raised their price objective on Chipotle Mexican Grill from $360.00 to $400.00 and gave the stock an “equal weight” rating in a research report on Friday, October 26th. Royal Bank of Canada upgraded Chipotle Mexican Grill from a “sector perform” rating to an “outperform” rating and raised their price objective for the stock from $450.00 to $510.00 in a research report on Monday, October 22nd. TheStreet downgraded Chipotle Mexican Grill from a “b-” rating to a “c” rating in a research report on Thursday, October 25th. Wedbush reiterated a “sell” rating and issued a $400.00 price objective on shares of Chipotle Mexican Grill in a research report on Friday, October 26th. Finally, Maxim Group reiterated a “hold” rating and issued a $500.00 price objective (up previously from $430.00) on shares of Chipotle Mexican Grill in a research report on Tuesday, August 28th. Nine investment analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and fourteen have issued a buy rating to the company’s stock. Chipotle Mexican Grill has an average rating of “Hold” and a consensus price target of $431.72.
Shares of CMG opened at $467.43 on Friday. Chipotle Mexican Grill, Inc. has a 1 year low of $247.51 and a 1 year high of $530.68. The company has a market capitalization of $13.06 billion, a PE ratio of 70.82, a P/E/G ratio of 3.11 and a beta of 0.23.
Chipotle Mexican Grill (NYSE:CMG) last issued its earnings results on Thursday, October 25th. The restaurant operator reported $2.16 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $2.00 by $0.16. Chipotle Mexican Grill had a return on equity of 17.14% and a net margin of 3.96%. The business had revenue of $1.23 billion during the quarter, compared to analysts’ expectations of $1.23 billion. Research analysts predict that Chipotle Mexican Grill, Inc. will post 8.47 earnings per share for the current year.
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Chipotle Mexican Grill Profile
Chipotle Mexican Grill, Inc, together with its subsidiaries, operates Chipotle Mexican Grill restaurants. As of September 30, 2018, it operated 2,424 Chipotle restaurants in the United States, as well as 37 international Chipotle restaurants. The company was founded in 1993 and is headquartered in Newport Beach, California.
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