Swiss National Bank Reduces Position in Chipotle Mexican Grill (CMG)

Swiss National Bank reduced its position in shares of Chipotle Mexican Grill (NYSE:CMG) by 13.6% during the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 81,887 shares of the restaurant operator’s stock after selling 12,900 shares during the quarter. Swiss National Bank owned about 0.29% of Chipotle Mexican Grill worth $26,459,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Thrivent Financial For Lutherans raised its stake in Chipotle Mexican Grill by 4.5% during the 4th quarter. Thrivent Financial For Lutherans now owns 17,200 shares of the restaurant operator’s stock worth $4,971,000 after buying an additional 740 shares during the period. Sharkey Howes & Javer raised its stake in Chipotle Mexican Grill by 953.9% during the 4th quarter. Sharkey Howes & Javer now owns 12,647 shares of the restaurant operator’s stock worth $115,000 after buying an additional 11,447 shares during the period. Independent Franchise Partners LLP acquired a new position in Chipotle Mexican Grill during the 4th quarter worth approximately $107,391,000. Cim LLC raised its stake in Chipotle Mexican Grill by 31.1% during the 4th quarter. Cim LLC now owns 14,645 shares of the restaurant operator’s stock worth $4,233,000 after buying an additional 3,472 shares during the period. Finally, Guggenheim Capital LLC raised its stake in Chipotle Mexican Grill by 5.5% during the 4th quarter. Guggenheim Capital LLC now owns 101,400 shares of the restaurant operator’s stock worth $29,306,000 after buying an additional 5,279 shares during the period. 83.39% of the stock is currently owned by institutional investors and hedge funds.

In related news, Director Pershing Square Capital Manage purchased 420,322 shares of the business’s stock in a transaction dated Wednesday, February 28th. The stock was purchased at an average cost of $318.14 per share, with a total value of $133,721,241.08. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Ali Namvar purchased 3,000 shares of the business’s stock in a transaction dated Thursday, February 22nd. The stock was bought at an average cost of $317.70 per share, with a total value of $953,100.00. The disclosure for this purchase can be found here. 2.19% of the stock is owned by company insiders.

Shares of NYSE CMG opened at $431.95 on Friday. Chipotle Mexican Grill has a 1-year low of $247.51 and a 1-year high of $489.66. The firm has a market cap of $12.25 billion, a price-to-earnings ratio of 61.60, a PEG ratio of 2.84 and a beta of 0.49.

Chipotle Mexican Grill (NYSE:CMG) last announced its quarterly earnings data on Wednesday, April 25th. The restaurant operator reported $2.13 earnings per share for the quarter, beating the consensus estimate of $1.57 by $0.56. Chipotle Mexican Grill had a return on equity of 14.50% and a net margin of 4.16%. The business had revenue of $1.15 billion during the quarter, compared to analyst estimates of $1.15 billion. During the same period in the prior year, the company earned $1.60 earnings per share. Chipotle Mexican Grill’s revenue was up 7.4% compared to the same quarter last year. equities research analysts predict that Chipotle Mexican Grill will post 8.44 EPS for the current year.

A number of research analysts recently weighed in on CMG shares. SunTrust Banks reaffirmed a “buy” rating and set a $340.00 price target on shares of Chipotle Mexican Grill in a research note on Wednesday, February 7th. Maxim Group reaffirmed a “buy” rating and set a $410.00 price target (down from $425.00) on shares of Chipotle Mexican Grill in a research note on Wednesday, February 7th. Piper Jaffray set a $318.00 price target on Chipotle Mexican Grill and gave the stock a “buy” rating in a research note on Wednesday, February 14th. Vetr downgraded Chipotle Mexican Grill from a “strong-buy” rating to a “buy” rating and set a $326.43 price objective for the company. in a research note on Tuesday, February 20th. Finally, BTIG Research raised Chipotle Mexican Grill from a “neutral” rating to a “buy” rating in a research note on Thursday, April 26th. Six research analysts have rated the stock with a sell rating, twenty-five have given a hold rating and eight have assigned a buy rating to the company’s stock. Chipotle Mexican Grill has a consensus rating of “Hold” and a consensus price target of $361.00.

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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Institutional Ownership by Quarter for Chipotle Mexican Grill (NYSE:CMG)

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