Arrowstreet Capital Limited Partnership Takes Position in Chipotle Mexican Grill, Inc. (CMG)

Arrowstreet Capital Limited Partnership acquired a new stake in Chipotle Mexican Grill, Inc. (NYSE:CMG) in the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 27,000 shares of the restaurant operator’s stock, valued at approximately $11,235,000. Arrowstreet Capital Limited Partnership owned approximately 0.09% of Chipotle Mexican Grill as of its most recent filing with the SEC.

Other hedge funds have also made changes to their positions in the company. FNY Managed Accounts LLC acquired a new position in shares of Chipotle Mexican Grill in the 1st quarter valued at $107,000. Korea Investment CORP raised its stake in shares of 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 buying an additional 157 shares in the last quarter. Harbour Capital Advisors LLC acquired a new position in shares of Chipotle Mexican Grill in the 1st quarter valued at $121,000. OLD Mutual Customised Solutions Proprietary Ltd. raised its stake in shares of Chipotle Mexican Grill by 84.5% in the 1st quarter. OLD Mutual Customised Solutions Proprietary Ltd. now owns 369 shares of the restaurant operator’s stock valued at $164,000 after buying an additional 169 shares in the last quarter. Finally, Van ECK Associates Corp raised its stake in shares of Chipotle Mexican Grill by 6.7% in the 1st quarter. Van ECK Associates Corp now owns 398 shares of the restaurant operator’s stock valued at $177,000 after buying an additional 25 shares in the last quarter. Institutional investors own 90.04% of the company’s stock.

A number of equities analysts have recently issued reports on the stock. UBS AG dropped their price objective on shares of Chipotle Mexican Grill from $460.00 to $445.00 and set a “neutral” rating for the company in a research note on Tuesday, June 27th. BTIG Research restated a “neutral” rating on shares of Chipotle Mexican Grill in a research note on Friday, July 21st. Bank of America Corporation restated a “neutral” rating and issued a $390.00 price objective (down previously from $425.00) on shares of Chipotle Mexican Grill in a research note on Wednesday, July 26th. BidaskClub lowered shares of Chipotle Mexican Grill from a “hold” rating to a “sell” rating in a report on Tuesday, June 20th. Finally, Wells Fargo & Company lowered shares of Chipotle Mexican Grill from an “outperform” rating to a “market perform” rating and lowered their target price for the stock from $470.00 to $375.00 in a report on Wednesday, July 19th. They noted that the move was a valuation call. Seven investment analysts have rated the stock with a sell rating, twenty-three have assigned a hold rating, nine have given a buy rating and one has given a strong buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $392.13.

Chipotle Mexican Grill, Inc. (CMG) traded up 0.2567% during mid-day trading on Friday, hitting $314.9764. 99,924 shares of the stock were exchanged. The company has a market capitalization of $8.98 billion, a PE ratio of 67.7077 and a beta of 0.60. Chipotle Mexican Grill, Inc. has a 1-year low of $295.11 and a 1-year high of $499.00. The stock has a 50 day moving average price of $310.60 and a 200 day moving average price of $395.62.

Chipotle Mexican Grill (NYSE:CMG) last issued its earnings results on Tuesday, July 25th. The restaurant operator reported $2.32 earnings per share for the quarter, topping analysts’ consensus estimates of $2.16 by $0.16. Chipotle Mexican Grill had a return on equity of 10.65% and a net margin of 3.17%. The company had revenue of $1.17 billion for the quarter, compared to analyst estimates of $1.19 billion. During the same period in the prior year, the firm earned $0.87 earnings per share. Chipotle Mexican Grill’s revenue for the quarter was up 17.1% on a year-over-year basis. On average, equities analysts anticipate that Chipotle Mexican Grill, Inc. will post $7.47 earnings per share for the current fiscal year.

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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.

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

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