AQR Capital Management LLC increased its position in Chipotle Mexican Grill, Inc. (NYSE:CMG) by 2,464.4% in the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 218,202 shares of the restaurant operator’s stock after acquiring an additional 209,693 shares during the quarter. AQR Capital Management LLC owned about 0.79% of Chipotle Mexican Grill worth $99,177,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also recently made changes to their positions in CMG. Canada Pension Plan Investment Board boosted its stake in Chipotle Mexican Grill by 636.4% in the 2nd quarter. Canada Pension Plan Investment Board now owns 243 shares of the restaurant operator’s stock worth $105,000 after purchasing an additional 210 shares during the period. Cornerstone Wealth Management LLC boosted its stake in Chipotle Mexican Grill by 17.1% in the 3rd quarter. Cornerstone Wealth Management LLC now owns 35,254 shares of the restaurant operator’s stock worth $116,000 after purchasing an additional 5,142 shares during the period. Korea Investment CORP boosted its stake in Chipotle Mexican Grill by 45.4% in the 3rd quarter. Korea Investment CORP now owns 391 shares of the restaurant operator’s stock worth $178,000 after purchasing an additional 122 shares during the period. First Hawaiian Bank bought a new position in Chipotle Mexican Grill in the 3rd quarter worth about $202,000. Finally, DDD Partners LLC bought a new position in Chipotle Mexican Grill in the 2nd quarter worth about $207,000. 91.28% of the stock is owned by institutional investors.
NYSE:CMG opened at $394.42 on Friday. The company has a market capitalization of $11.87 billion, a P/E ratio of 59.76, a PEG ratio of 2.82 and a beta of 0.23. Chipotle Mexican Grill, Inc. has a 1-year low of $247.51 and a 1-year high of $530.68.
Chipotle Mexican Grill (NYSE:CMG) last released its earnings results on Thursday, October 25th. The restaurant operator reported $2.16 earnings per share for the quarter, topping the Zacks’ consensus estimate of $2.00 by $0.16. The company had revenue of $1.23 billion during the quarter, compared to the consensus estimate of $1.23 billion. Chipotle Mexican Grill had a return on equity of 17.14% and a net margin of 3.96%. On average, analysts expect that Chipotle Mexican Grill, Inc. will post 8.47 earnings per share for the current fiscal year.
Several research analysts have commented on CMG shares. Oppenheimer downgraded Chipotle Mexican Grill from a “market perform” rating to an “underperform” rating and set a $400.00 target price for the company. in a research note on Monday, October 1st. They noted that the move was a valuation call. UBS Group downgraded Chipotle Mexican Grill from a “market perform” rating to an “underperform” rating in a research report on Monday, October 1st. KeyCorp began coverage on Chipotle Mexican Grill in a research report on Wednesday, October 3rd. They set an “overweight” rating and a $500.00 price target for the company. CIBC reiterated an “underperform” rating on shares of Chipotle Mexican Grill in a research report on Monday, October 1st. Finally, Wedbush downgraded Chipotle Mexican Grill from a “neutral” rating to an “underperform” rating and dropped their price target for the company from $450.00 to $445.00 in a research report on Monday, August 27th. Nine research analysts have rated the stock with a sell rating, sixteen have issued a hold rating and fourteen have given a buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $431.72.
In related news, Director Pershing Square Capital Manage sold 118,307 shares of the business’s stock in a transaction that occurred on Tuesday, November 6th. The stock was sold at an average price of $472.05, for a total value of $55,846,819.35. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 2.19% of the company’s stock.
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Chipotle Mexican Grill Company Profile
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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