Picton Mahoney Asset Management boosted its position in Chipotle Mexican Grill, Inc. (NYSE:CMG) by 129.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 24,500 shares of the restaurant operator’s stock after purchasing an additional 13,800 shares during the period. Picton Mahoney Asset Management owned 0.09% of Chipotle Mexican Grill worth $10,580,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. First Hawaiian Bank increased its holdings in Chipotle Mexican Grill by 4.5% in the 4th quarter. First Hawaiian Bank now owns 465 shares of the restaurant operator’s stock worth $201,000 after purchasing an additional 20 shares in the last quarter. Huntington National Bank increased its stake in shares of Chipotle Mexican Grill by 19.9% in the fourth quarter. Huntington National Bank now owns 169 shares of the restaurant operator’s stock valued at $73,000 after buying an additional 28 shares during the period. Emerald Advisers LLC increased its stake in shares of Chipotle Mexican Grill by 1.7% in the fourth quarter. Emerald Advisers LLC now owns 2,454 shares of the restaurant operator’s stock valued at $1,060,000 after buying an additional 40 shares during the period. State of Alaska Department of Revenue increased its stake in shares of Chipotle Mexican Grill by 0.7% in the fourth quarter. State of Alaska Department of Revenue now owns 6,270 shares of the restaurant operator’s stock valued at $2,705,000 after buying an additional 42 shares during the period. Finally, Contravisory Investment Management Inc. increased its stake in shares of Chipotle Mexican Grill by 7.2% in the fourth quarter. Contravisory Investment Management Inc. now owns 744 shares of the restaurant operator’s stock valued at $321,000 after buying an additional 50 shares during the period. 91.25% of the stock is owned by institutional investors and hedge funds.

CMG stock opened at $603.36 on Tuesday. Chipotle Mexican Grill, Inc. has a twelve month low of $249.31 and a twelve month high of $608.55. The company has a market capitalization of $16.19 billion, a PE ratio of 66.60, a P/E/G ratio of 2.72 and a beta of 0.60.

Chipotle Mexican Grill (NYSE:CMG) last posted its earnings results on Wednesday, February 6th. The restaurant operator reported $1.72 earnings per share for the quarter, beating the Zacks’ consensus estimate 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 analyst estimates of $1.20 billion. During the same quarter last year, the company earned $1.34 earnings per share. The company’s revenue for the quarter was up 10.4% on a year-over-year basis. On average, sell-side analysts forecast that Chipotle Mexican Grill, Inc. will post 12.16 EPS for the current fiscal year.

Several equities research analysts have recently weighed in on the company. Stifel Nicolaus reissued a “hold” rating and issued a $500.00 price target on shares of Chipotle Mexican Grill in a research note on Monday. UBS Group set a $370.00 price target on Chipotle Mexican Grill and gave the company a “sell” rating in a research note on Monday, October 22nd. Piper Jaffray Companies reissued an “overweight” rating and issued a $590.00 price target (up previously from $550.00) on shares of Chipotle Mexican Grill in a research note on Thursday, January 31st. Zacks Investment Research cut Chipotle Mexican Grill from a “buy” rating to a “hold” rating in a research note on Monday. Finally, Wells Fargo & Co increased their price target on Chipotle Mexican Grill from $415.00 to $420.00 and gave the company a “market perform” rating in a research note on Friday, October 26th. Nine research analysts have rated the stock with a sell rating, fifteen have issued a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the stock. Chipotle Mexican Grill presently has an average rating of “Hold” and a consensus price target of $503.00.

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

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