Cowen Inc. Acquires Shares of 2,700 Chipotle Mexican Grill, Inc. (CMG)

Cowen Inc. acquired a new stake in Chipotle Mexican Grill, Inc. (NYSE:CMG) in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 2,700 shares of the restaurant operator’s stock, valued at approximately $831,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Korea Investment CORP raised its stake in Chipotle Mexican Grill by 140.2% in the 2nd quarter. Korea Investment CORP now owns 269 shares of the restaurant operator’s stock valued at $112,000 after acquiring an additional 157 shares during the period. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA increased its position in Chipotle Mexican Grill by 15.7% during the 2nd quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 406 shares of the restaurant operator’s stock worth $140,000 after buying an additional 55 shares during the period. First Interstate Bank increased its position in Chipotle Mexican Grill by 111.1% during the 3rd quarter. First Interstate Bank now owns 475 shares of the restaurant operator’s stock worth $146,000 after buying an additional 250 shares during the period. Mercer Capital Advisers Inc. bought a new position in Chipotle Mexican Grill during the 3rd quarter worth $183,000. Finally, CIBC World Markets Inc. bought a new position in Chipotle Mexican Grill during the 2nd quarter worth $205,000. 88.69% of the stock is owned by institutional investors.

Shares of Chipotle Mexican Grill, Inc. (NYSE CMG) opened at $315.90 on Friday. Chipotle Mexican Grill, Inc. has a 12 month low of $263.00 and a 12 month high of $499.00. The company has a market capitalization of $8,855.25, a PE ratio of 54.08, a PEG ratio of 2.70 and a beta of 0.49.

Chipotle Mexican Grill (NYSE:CMG) last announced its quarterly earnings results on Tuesday, October 24th. The restaurant operator reported $1.33 EPS for the quarter, missing the Zacks’ consensus estimate of $2.24 by ($0.91). Chipotle Mexican Grill had a net margin of 3.37% and a return on equity of 11.80%. The firm had revenue of $1.13 billion for the quarter, compared to analyst estimates of $1.14 billion. During the same period in the previous year, the business posted $0.56 earnings per share. The business’s revenue for the quarter was up 8.8% compared to the same quarter last year. equities research analysts anticipate that Chipotle Mexican Grill, Inc. will post 6.63 EPS for the current fiscal year.

Several research analysts have weighed in on CMG shares. Credit Suisse Group lowered their price objective on Chipotle Mexican Grill from $320.00 to $275.00 and set a “neutral” rating on the stock in a research report on Wednesday, October 25th. Robert W. Baird reiterated a “hold” rating and set a $340.00 price objective (down previously from $385.00) on shares of Chipotle Mexican Grill in a research report on Tuesday, October 3rd. Standpoint Research upgraded Chipotle Mexican Grill from an “underperform” rating to a “hold” rating in a research report on Friday, August 25th. Royal Bank Of Canada decreased their price target on Chipotle Mexican Grill from $440.00 to $330.00 and set a “sector perform” rating on the stock in a research report on Friday, October 20th. Finally, Wedbush restated a “hold” rating and issued a $290.00 price target on shares of Chipotle Mexican Grill in a research report on Wednesday, October 25th. Seven investment analysts have rated the stock with a sell rating, twenty-four have assigned a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company’s stock. Chipotle Mexican Grill presently has an average rating of “Hold” and an average price target of $355.69.

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

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