Clearline Capital LP bought a new stake in Chipotle Mexican Grill, Inc. (NYSE:CMG) in the 4th quarter, HoldingsChannel reports. The fund bought 6,150 shares of the restaurant operator’s stock, valued at approximately $1,778,000. Chipotle Mexican Grill accounts for about 0.9% of Clearline Capital LP’s holdings, making the stock its 26th biggest position.
A number of other institutional investors have also added to or reduced their stakes in the stock. Cornerstone Capital Management Holdings LLC. increased its stake in Chipotle Mexican Grill by 8.4% in the fourth quarter. Cornerstone Capital Management Holdings LLC. now owns 4,670 shares of the restaurant operator’s stock valued at $1,349,000 after purchasing an additional 362 shares during the last quarter. Elkfork Partners LLC acquired a new stake in Chipotle Mexican Grill during the fourth quarter worth about $458,000. Teachers Advisors LLC increased its stake in Chipotle Mexican Grill by 1.5% during the fourth quarter. Teachers Advisors LLC now owns 32,577 shares of the restaurant operator’s stock worth $9,416,000 after acquiring an additional 476 shares during the last quarter. California State Teachers Retirement System increased its stake in Chipotle Mexican Grill by 0.6% during the fourth quarter. California State Teachers Retirement System now owns 42,963 shares of the restaurant operator’s stock worth $12,418,000 after acquiring an additional 268 shares during the last quarter. Finally, Marathon Trading Investment Management LLC acquired a new stake in Chipotle Mexican Grill during the fourth quarter worth about $289,000. Hedge funds and other institutional investors own 84.12% of the company’s stock.
In related news, Director Pershing Square Capital Manage purchased 420,322 shares of the company’s stock in a transaction dated Wednesday, February 28th. The shares were acquired at an average cost of $318.14 per share, for a total transaction of $133,721,241.08. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Ali Namvar purchased 3,000 shares of the company’s stock in a transaction dated Thursday, February 22nd. The shares were bought at an average price of $317.70 per share, for a total transaction of $953,100.00. The disclosure for this purchase can be found here. Insiders have bought a total of 423,822 shares of company stock worth $134,819,781 over the last quarter. Insiders own 2.01% of the company’s stock.
Chipotle Mexican Grill (NYSE:CMG) last announced its quarterly earnings results on Tuesday, February 6th. The restaurant operator reported $1.34 earnings per share for the quarter, topping analysts’ consensus estimates of $1.32 by $0.02. The business had revenue of $1.11 billion for the quarter, compared to analysts’ expectations of $1.11 billion. Chipotle Mexican Grill had a return on equity of 13.44% and a net margin of 3.94%. The business’s quarterly revenue was up 7.3% on a year-over-year basis. During the same period in the prior year, the firm earned $0.55 EPS. research analysts expect that Chipotle Mexican Grill, Inc. will post 8.32 EPS for the current year.
CMG has been the subject of several analyst reports. Maxim Group reaffirmed a “buy” rating and issued a $425.00 target price (up previously from $400.00) on shares of Chipotle Mexican Grill in a research report on Thursday, January 18th. SunTrust Banks reaffirmed a “buy” rating and issued a $340.00 target price on shares of Chipotle Mexican Grill in a research report on Wednesday, February 7th. Piper Jaffray Companies set a $318.00 target price on Chipotle Mexican Grill and gave the stock a “buy” rating in a research report on Wednesday, February 14th. Vetr downgraded Chipotle Mexican Grill from a “strong-buy” rating to a “buy” rating and set a $326.43 price target for the company. in a report on Tuesday, February 20th. Finally, Barclays reissued an “equal weight” rating and issued a $325.00 price target (up previously from $280.00) on shares of Chipotle Mexican Grill in a report on Tuesday, January 16th. Eight research analysts have rated the stock with a sell rating, twenty-three have assigned a hold rating and nine have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $336.98.
About Chipotle Mexican Grill
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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