Chipotle Mexican Grill, Inc. (CMG) Position Reduced by Chicago Equity Partners LLC

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Chicago Equity Partners LLC lessened its stake in Chipotle Mexican Grill, Inc. (NYSE:CMG) by 34.9% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 11,732 shares of the restaurant operator’s stock after selling 6,303 shares during the quarter. Chicago Equity Partners LLC’s holdings in Chipotle Mexican Grill were worth $5,066,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. First Hawaiian Bank increased its holdings in shares of Chipotle Mexican Grill by 4.5% in the fourth quarter. First Hawaiian Bank now owns 465 shares of the restaurant operator’s stock worth $201,000 after acquiring an additional 20 shares in the last quarter. Huntington National Bank increased its holdings in shares of Chipotle Mexican Grill by 19.9% in the fourth quarter. Huntington National Bank now owns 169 shares of the restaurant operator’s stock worth $73,000 after acquiring an additional 28 shares in the last quarter. Emerald Advisers LLC increased its holdings in shares of Chipotle Mexican Grill by 1.7% in the fourth quarter. Emerald Advisers LLC now owns 2,454 shares of the restaurant operator’s stock worth $1,060,000 after acquiring an additional 40 shares in the last quarter. State of Alaska Department of Revenue increased its holdings in shares of Chipotle Mexican Grill by 0.7% in the fourth quarter. State of Alaska Department of Revenue now owns 6,270 shares of the restaurant operator’s stock worth $2,705,000 after acquiring an additional 42 shares in the last quarter. Finally, Contravisory Investment Management Inc. increased its holdings in shares of Chipotle Mexican Grill by 7.2% in the fourth quarter. Contravisory Investment Management Inc. now owns 744 shares of the restaurant operator’s stock worth $321,000 after acquiring an additional 50 shares in the last quarter. Institutional investors and hedge funds own 91.25% of the company’s stock.

Shares of NYSE CMG opened at $582.77 on Monday. Chipotle Mexican Grill, Inc. has a 52 week low of $247.51 and a 52 week high of $606.00. The company has a market cap of $16.19 billion, a P/E ratio of 65.63, a P/E/G ratio of 2.72 and a beta of 0.60.

Chipotle Mexican Grill (NYSE:CMG) last issued its quarterly earnings results on Wednesday, February 6th. The restaurant operator reported $1.72 EPS for the quarter, beating the consensus estimate of $1.38 by $0.34. Chipotle Mexican Grill had a return on equity of 17.64% and a net margin of 3.63%. The firm had revenue of $1.23 billion during the quarter, compared to analysts’ expectations of $1.20 billion. During the same period in the prior year, the firm posted $1.34 earnings per share. The business’s quarterly revenue was up 10.4% compared to the same quarter last year. Equities analysts predict that Chipotle Mexican Grill, Inc. will post 12.16 EPS for the current fiscal year.

Several brokerages have issued reports on CMG. Zacks Investment Research upgraded Chipotle Mexican Grill from a “hold” rating to a “buy” rating and set a $589.00 price target for the company in a report on Friday. ValuEngine upgraded Chipotle Mexican Grill from a “buy” rating to a “strong-buy” rating in a report on Friday. Mizuho reiterated a “sell” rating and set a $420.00 price objective on shares of Chipotle Mexican Grill in a report on Thursday. Robert W. Baird reiterated a “buy” rating and set a $650.00 price objective on shares of Chipotle Mexican Grill in a report on Thursday. Finally, SunTrust Banks increased their price objective on Chipotle Mexican Grill to $635.00 and gave the stock a “positive” rating in a report on Thursday. Nine research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $501.39.

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

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