Jefferies Group LLC increased its position in Chipotle Mexican Grill, Inc. (NYSE:CMG) by 1,487.1% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 12,697 shares of the restaurant operator’s stock after buying an additional 11,897 shares during the quarter. Jefferies Group LLC’s holdings in Chipotle Mexican Grill were worth $5,771,000 at the end of the most recent reporting period.
Several other institutional investors have also recently made changes to their positions in the company. Canada Pension Plan Investment Board lifted its holdings in shares of Chipotle Mexican Grill by 636.4% during the second quarter. Canada Pension Plan Investment Board now owns 243 shares of the restaurant operator’s stock valued at $105,000 after purchasing an additional 210 shares during the last quarter. Cornerstone Wealth Management LLC lifted its holdings in shares of Chipotle Mexican Grill by 17.1% during the third quarter. Cornerstone Wealth Management LLC now owns 35,254 shares of the restaurant operator’s stock valued at $116,000 after purchasing an additional 5,142 shares during the last quarter. Piedmont Investment Advisors LLC purchased a new stake in shares of Chipotle Mexican Grill during the second quarter valued at $119,000. Dupont Capital Management Corp purchased a new stake in shares of Chipotle Mexican Grill during the second quarter valued at $123,000. Finally, Korea Investment CORP lifted its holdings in shares of Chipotle Mexican Grill by 45.4% during the third quarter. Korea Investment CORP now owns 391 shares of the restaurant operator’s stock valued at $178,000 after purchasing an additional 122 shares during the last quarter. Institutional investors and hedge funds own 91.40% of the company’s stock.
Several equities research analysts have recently commented on the company. Barclays upped their target price on Chipotle Mexican Grill from $360.00 to $400.00 and gave the company an “equal weight” rating in a report on Friday, October 26th. Royal Bank of Canada raised Chipotle Mexican Grill from a “sector perform” rating to an “outperform” rating and upped their target price for the company from $450.00 to $510.00 in a report on Monday, October 22nd. TheStreet lowered Chipotle Mexican Grill from a “b-” rating to a “c” rating in a research report on Thursday, October 25th. Wedbush reissued a “sell” rating and set a $400.00 price target on shares of Chipotle Mexican Grill in a research report on Friday, October 26th. Finally, Maxim Group reissued a “hold” rating and set a $500.00 price target (up from $430.00) on shares of Chipotle Mexican Grill in a research report on Tuesday, August 28th. Nine research analysts have rated the stock with a sell rating, sixteen have issued a hold rating and fourteen have assigned a buy rating to the stock. Chipotle Mexican Grill has a consensus rating of “Hold” and an average price target of $431.72.
In other Chipotle Mexican Grill news, Director Pershing Square Capital Manage sold 118,307 shares of the company’s stock in a transaction dated Tuesday, November 6th. The stock was sold at an average price of $472.05, for a total value of $55,846,819.35. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 2.19% of the company’s stock.
Shares of CMG stock opened at $467.43 on Friday. Chipotle Mexican Grill, Inc. has a fifty-two week low of $247.51 and a fifty-two week high of $530.68. The stock has a market capitalization of $13.06 billion, a price-to-earnings ratio of 70.82, a PEG ratio of 3.11 and a beta of 0.23.
Chipotle Mexican Grill (NYSE:CMG) last issued its earnings results on Thursday, October 25th. The restaurant operator reported $2.16 earnings per share for the quarter, topping the consensus estimate of $2.00 by $0.16. Chipotle Mexican Grill had a return on equity of 17.14% and a net margin of 3.96%. The company had revenue of $1.23 billion for the quarter, compared to analyst estimates of $1.23 billion. Sell-side analysts anticipate that Chipotle Mexican Grill, Inc. will post 8.47 earnings per share for the current year.
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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.
Further Reading: How is Preferred Stock Different from Common Stock?
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