Chipotle Mexican Grill, Inc. (CMG) Stake Decreased by Timucuan Asset Management Inc. FL

Timucuan Asset Management Inc. FL lessened its holdings in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) by 0.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 152,086 shares of the restaurant operator’s stock after selling 551 shares during the period. Chipotle Mexican Grill makes up 4.7% of Timucuan Asset Management Inc. FL’s portfolio, making the stock its 12th biggest position. Timucuan Asset Management Inc. FL’s holdings in Chipotle Mexican Grill were worth $65,669,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in CMG. First Trust Advisors LP lifted its holdings in shares of Chipotle Mexican Grill by 85.1% during the 3rd quarter. First Trust Advisors LP now owns 9,011 shares of the restaurant operator’s stock valued at $4,096,000 after purchasing an additional 4,142 shares in the last quarter. Russell Investments Group Ltd. lifted its stake in Chipotle Mexican Grill by 553.9% in the 3rd quarter. Russell Investments Group Ltd. now owns 18,714 shares of the restaurant operator’s stock valued at $8,598,000 after acquiring an additional 15,852 shares in the last quarter. Robeco Institutional Asset Management B.V. lifted its stake in Chipotle Mexican Grill by 658.4% in the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 19,962 shares of the restaurant operator’s stock valued at $9,076,000 after acquiring an additional 17,330 shares in the last quarter. Engineers Gate Manager LP bought a new stake in Chipotle Mexican Grill in the 3rd quarter valued at approximately $308,000. Finally, Achmea Investment Management B.V. lifted its stake in Chipotle Mexican Grill by 104.0% in the 3rd quarter. Achmea Investment Management B.V. now owns 2,805 shares of the restaurant operator’s stock valued at $1,274,000 after acquiring an additional 1,430 shares in the last quarter. Institutional investors and hedge funds own 92.49% of the company’s stock.

Shares of Chipotle Mexican Grill stock traded up $1.32 on Friday, reaching $643.71. 7,823 shares of the company were exchanged, compared to its average volume of 732,285. Chipotle Mexican Grill, Inc. has a one year low of $307.70 and a one year high of $642.93. The stock has a market cap of $17.77 billion, a P/E ratio of 71.09, a P/E/G ratio of 2.92 and a beta of 0.65.

Chipotle Mexican Grill (NYSE:CMG) last announced its quarterly earnings data on Wednesday, February 6th. The restaurant operator reported $1.72 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 company had revenue of $1.23 billion for the quarter, compared to analysts’ expectations of $1.20 billion. During the same quarter in the prior year, the business posted $1.34 EPS. The business’s revenue was up 10.4% compared to the same quarter last year. Analysts forecast that Chipotle Mexican Grill, Inc. will post 12.24 earnings per share for the current fiscal year.

Several equities research analysts have commented on the company. BTIG Research boosted their target price on Chipotle Mexican Grill from $620.00 to $700.00 and gave the company a “buy” rating in a research note on Wednesday. Canaccord Genuity restated a “hold” rating on shares of Chipotle Mexican Grill in a research note on Wednesday, February 13th. Piper Jaffray Companies boosted their target price on Chipotle Mexican Grill from $590.00 to $661.00 and gave the company an “overweight” rating in a research note on Tuesday, February 12th. Stifel Nicolaus restated a “hold” rating and issued a $500.00 target price on shares of Chipotle Mexican Grill in a research note on Monday, February 11th. Finally, Zacks Investment Research cut Chipotle Mexican Grill from a “buy” rating to a “hold” rating in a research note on Monday, February 11th. Nine investment analysts have rated the stock with a sell rating, fourteen have issued a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $515.14.

In related news, CFO Jack Hartung sold 4,907 shares of the business’s stock in a transaction that occurred on Tuesday, March 12th. The stock was sold at an average price of $625.21, for a total transaction of $3,067,905.47. Following the transaction, the chief financial officer now directly owns 45,237 shares of the company’s stock, valued at approximately $28,282,624.77. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Pershing Square Capital Manage sold 11,980 shares of the business’s stock in a transaction that occurred on Thursday, February 14th. The stock was sold at an average price of $602.45, for a total value of $7,217,351.00. The disclosure for this sale can be found here. In the last quarter, insiders have sold 44,037 shares of company stock worth $26,516,662. Company insiders own 2.19% of the company’s stock.

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About Chipotle Mexican Grill

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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