Ontario Teachers Pension Plan Board trimmed its position in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) by 5.5% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 30,843 shares of the restaurant operator’s stock after selling 1,778 shares during the quarter. Ontario Teachers Pension Plan Board owned about 0.11% of Chipotle Mexican Grill worth $8,915,000 at the end of the most recent reporting period.
Other hedge funds have also recently added to or reduced their stakes in the company. Griffin Asset Management Inc. purchased a new stake in shares of Chipotle Mexican Grill during the third quarter valued at about $524,000. Harbor Advisors LLC purchased a new stake in shares of Chipotle Mexican Grill during the third quarter valued at about $462,000. Janus Henderson Group PLC lifted its position in shares of Chipotle Mexican Grill by 332.5% during the third quarter. Janus Henderson Group PLC now owns 161,721 shares of the restaurant operator’s stock valued at $49,782,000 after buying an additional 124,330 shares during the last quarter. Stifel Financial Corp lifted its position in shares of Chipotle Mexican Grill by 72.8% during the third quarter. Stifel Financial Corp now owns 8,677 shares of the restaurant operator’s stock valued at $2,757,000 after buying an additional 3,657 shares during the last quarter. Finally, Principal Financial Group Inc. raised its position in shares of Chipotle Mexican Grill by 196.5% in the 3rd quarter. Principal Financial Group Inc. now owns 267,881 shares of the restaurant operator’s stock valued at $82,462,000 after purchasing an additional 177,530 shares during the last quarter. 88.88% of the stock is owned by institutional investors and hedge funds.
Shares of Chipotle Mexican Grill, Inc. (CMG) opened at $317.57 on Wednesday. Chipotle Mexican Grill, Inc. has a one year low of $247.51 and a one year high of $499.00. The stock has a market cap of $8,536.33, a price-to-earnings ratio of 46.38, a P/E/G ratio of 2.09 and a beta of 0.59.
Chipotle Mexican Grill (NYSE:CMG) last released its quarterly earnings results on Tuesday, February 6th. The restaurant operator reported $1.34 earnings per share (EPS) for the quarter, beating 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 firm 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 firm’s revenue for the quarter was up 7.3% compared to the same quarter last year. research analysts anticipate that Chipotle Mexican Grill, Inc. will post 8.32 earnings per share for the current year.
CMG has been the subject of several research analyst reports. Deutsche Bank set a $240.00 price objective on shares of Chipotle Mexican Grill and gave the company a “sell” rating in a research report on Wednesday, October 25th. Jefferies Group cut their price target on shares of Chipotle Mexican Grill to $300.00 and set a “positive” rating on the stock in a report on Wednesday, October 25th. BMO Capital Markets reiterated a “market perform” rating and issued a $275.00 price target (down previously from $330.00) on shares of Chipotle Mexican Grill in a report on Wednesday, October 25th. Telsey Advisory Group downgraded shares of Chipotle Mexican Grill from an “outperform” rating to a “market perform” rating and cut their price target for the stock from $370.00 to $330.00 in a report on Wednesday, October 25th. Finally, Stifel Nicolaus cut their price target on shares of Chipotle Mexican Grill from $345.00 to $310.00 and set a “hold” rating on the stock in a report on Wednesday, October 25th. Eight equities research analysts have rated the stock with a sell rating, twenty-four 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 an average target price of $337.30.
In other news, Director Paul T. Cappuccio acquired 500 shares of the firm’s stock in a transaction on Thursday, February 15th. The shares were bought at an average price of $290.88 per share, for a total transaction of $145,440.00. Following the acquisition, the director now owns 766 shares of the company’s stock, valued at approximately $222,814.08. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 2.01% of the company’s stock.
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Chipotle Mexican Grill 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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