Two Sigma Securities LLC lowered its stake in Chipotle Mexican Grill, Inc. (NYSE:CMG) by 71.8% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 528 shares of the restaurant operator’s stock after selling 1,346 shares during the period. Two Sigma Securities LLC’s holdings in Chipotle Mexican Grill were worth $235,000 as of its most recent SEC filing.
A number of other hedge funds also recently added to or reduced their stakes in the company. Kentucky Retirement Systems bought a new stake in Chipotle Mexican Grill during the fourth quarter valued at about $793,000. RMB Capital Management LLC raised its stake in Chipotle Mexican Grill by 134.5% in the fourth quarter. RMB Capital Management LLC now owns 12,569 shares of the restaurant operator’s stock valued at $4,743,000 after buying an additional 7,210 shares during the last quarter. Norges Bank bought a new stake in Chipotle Mexican Grill during the fourth quarter valued at about $105,799,000. Assenagon Asset Management S.A. bought a new stake in Chipotle Mexican Grill during the fourth quarter valued at about $1,740,000. Finally, Numeric Investors LLC raised its stake in Chipotle Mexican Grill by 30.7% in the fourth quarter. Numeric Investors LLC now owns 1,320 shares of the restaurant operator’s stock valued at $498,000 after buying an additional 310 shares during the last quarter. Institutional investors and hedge funds own 95.55% of the company’s stock.
Shares of Chipotle Mexican Grill, Inc. (CMG) traded down 0.98% on Friday, hitting $416.81. The stock had a trading volume of 625,910 shares. Chipotle Mexican Grill, Inc. has a 1-year low of $352.96 and a 1-year high of $499.00. The company has a market capitalization of $11.95 billion, a PE ratio of 128.92 and a beta of 0.56. The firm has a 50-day moving average of $473.87 and a 200 day moving average of $431.95. Chipotle Mexican Grill also saw unusually large options trading activity on Tuesday. Investors purchased 2,690 call options on the stock. This represents an increase of 184% compared to the average daily volume of 946 call options.
Chipotle Mexican Grill (NYSE:CMG) last announced its earnings results on Tuesday, April 25th. The restaurant operator reported $1.60 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.28 by $0.32. Chipotle Mexican Grill had a net margin of 2.31% and a return on equity of 7.72%. The company had revenue of $1.07 billion during the quarter, compared to analyst estimates of $1.05 billion. During the same period in the previous year, the business earned ($0.88) earnings per share. The firm’s quarterly revenue was up 28.1% compared to the same quarter last year. On average, equities analysts anticipate that Chipotle Mexican Grill, Inc. will post $8.25 earnings per share for the current fiscal year.
CMG has been the topic of several research analyst reports. Vetr upgraded Chipotle Mexican Grill from a “sell” rating to a “hold” rating and set a $493.69 price objective on the stock in a research note on Monday, May 15th. ValuEngine upgraded Chipotle Mexican Grill from a “sell” rating to a “hold” rating in a research note on Friday, June 2nd. Stephens upped their price objective on Chipotle Mexican Grill from $325.00 to $350.00 and gave the company an “underweight” rating in a research note on Wednesday, April 26th. Royal Bank Of Canada upgraded Chipotle Mexican Grill from a “hold” rating to an “outperform” rating in a research note on Thursday, April 27th. Finally, Nomura restated a “hold” rating and issued a $510.00 price objective on shares of Chipotle Mexican Grill in a research note on Friday, April 28th. Eight investment analysts have rated the stock with a sell rating, seventeen have assigned a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $451.81.
Chipotle Mexican Grill Company Profile
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.
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