Renaissance Technologies LLC Has $28.91 Million Position in Chipotle Mexican Grill, Inc. $CMG

Renaissance Technologies LLC lifted its stake in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) by 309.6% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 903,100 shares of the restaurant operator’s stock after purchasing an additional 682,600 shares during the quarter. Renaissance Technologies LLC’s holdings in Chipotle Mexican Grill were worth $28,908,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in the stock. Public Employees Retirement System of Ohio grew its stake in shares of Chipotle Mexican Grill by 1.6% during the first quarter. Public Employees Retirement System of Ohio now owns 534,023 shares of the restaurant operator’s stock worth $17,094,000 after buying an additional 8,522 shares during the last quarter. Arrowstreet Capital Limited Partnership increased its holdings in shares of Chipotle Mexican Grill by 19.8% during the first quarter. Arrowstreet Capital Limited Partnership now owns 16,478,248 shares of the restaurant operator’s stock worth $527,469,000 after buying an additional 2,727,762 shares in the last quarter. Caxton Associates LLP lifted its stake in shares of Chipotle Mexican Grill by 97.0% in the 1st quarter. Caxton Associates LLP now owns 981,540 shares of the restaurant operator’s stock valued at $31,419,000 after acquiring an additional 483,336 shares during the last quarter. Bank of Nova Scotia lifted its stake in shares of Chipotle Mexican Grill by 35.8% in the 1st quarter. Bank of Nova Scotia now owns 975,204 shares of the restaurant operator’s stock valued at $31,216,000 after acquiring an additional 256,957 shares during the last quarter. Finally, State of Wyoming boosted its holdings in shares of Chipotle Mexican Grill by 10.9% during the 1st quarter. State of Wyoming now owns 3,759 shares of the restaurant operator’s stock valued at $120,000 after acquiring an additional 368 shares in the last quarter. 91.30% of the stock is currently owned by institutional investors and hedge funds.

Chipotle Mexican Grill Stock Up 1.0%

NYSE CMG opened at $33.55 on Wednesday. The company has a market capitalization of $43.03 billion, a price-to-earnings ratio of 30.78, a PEG ratio of 2.17 and a beta of 0.97. Chipotle Mexican Grill, Inc. has a twelve month low of $28.03 and a twelve month high of $44.83. The stock has a fifty day simple moving average of $32.62 and a 200 day simple moving average of $34.64.

Chipotle Mexican Grill (NYSE:CMG) last announced its earnings results on Wednesday, April 29th. The restaurant operator reported $0.24 EPS for the quarter, hitting the consensus estimate of $0.24. Chipotle Mexican Grill had a return on equity of 49.64% and a net margin of 11.96%.The firm had revenue of $3.09 billion for the quarter, compared to the consensus estimate of $3.07 billion. During the same period in the previous year, the business earned $0.29 EPS. The business’s quarterly revenue was up 7.4% compared to the same quarter last year. Research analysts expect that Chipotle Mexican Grill, Inc. will post 1.13 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the company. Barclays reduced their price objective on Chipotle Mexican Grill from $40.00 to $38.00 and set an “equal weight” rating on the stock in a research report on Thursday, April 30th. Citigroup reduced their price target on Chipotle Mexican Grill from $46.00 to $45.00 and set a “buy” rating on the stock in a report on Monday, July 13th. Argus raised Chipotle Mexican Grill from a “hold” rating to a “buy” rating and set a $40.00 price objective for the company in a research note on Tuesday, May 5th. Raymond James Financial lowered their price objective on Chipotle Mexican Grill from $43.00 to $41.00 and set an “outperform” rating for the company in a research note on Tuesday, April 21st. Finally, Mizuho raised their price objective on shares of Chipotle Mexican Grill from $40.00 to $41.00 and gave the company an “outperform” rating in a report on Monday, July 13th. Twenty-three equities research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $43.86.

About Chipotle Mexican Grill

Chipotle Mexican Grill is a fast-casual restaurant company known for its Mexican-inspired menu of burritos, bowls, tacos and salads. Founded in 1993 by Steve Ells, the chain emphasizes fresh, customizable meals made from a limited menu of core ingredients and a focus on ingredient quality. Chipotle operates primarily company-owned restaurants and offers dine-in, takeout, catering and delivery through its own digital platforms and third-party partners.

The company is headquartered in Newport Beach, California, and traces its roots to Denver, Colorado.