W.E. Donoghue & Co. LLC Takes Position in Chipotle Mexican Grill, Inc. (NYSE:CMG)

W.E. Donoghue & Co. LLC purchased a new position in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 5,243 shares of the restaurant operator’s stock, valued at approximately $2,262,000.

A number of other large investors have also recently added to or reduced their stakes in the business. Federated Investors Inc. PA increased its position in Chipotle Mexican Grill by 71.7% during the 1st quarter. Federated Investors Inc. PA now owns 541 shares of the restaurant operator’s stock worth $175,000 after buying an additional 226 shares during the period. Bessemer Group Inc. bought a new position in Chipotle Mexican Grill during the 2nd quarter worth $184,000. IFP Advisors Inc increased its position in Chipotle Mexican Grill by 162.7% during the 1st quarter. IFP Advisors Inc now owns 599 shares of the restaurant operator’s stock worth $194,000 after buying an additional 371 shares during the period. Advisor Partners LLC bought a new position in Chipotle Mexican Grill during the 2nd quarter worth $205,000. Finally, Koch Industries Inc. bought a new position in Chipotle Mexican Grill during the 1st quarter worth $206,000. 86.71% of the stock is owned by hedge funds and other institutional investors.

Several research analysts have weighed in on CMG shares. Argus upgraded Chipotle Mexican Grill from a “hold” rating to a “buy” rating and increased their price objective for the stock from $247.52 to $496.14 in a research report on Wednesday, May 16th. Robert W. Baird raised their price target on Chipotle Mexican Grill from $440.00 to $500.00 and gave the stock an “outperform” rating in a research report on Thursday, May 31st. JPMorgan Chase & Co. raised their price target on Chipotle Mexican Grill from $320.00 to $320.00 and gave the stock a “neutral” rating in a research report on Monday, April 23rd. SunTrust Banks restated a “buy” rating and issued a $380.00 price target (up previously from $340.00) on shares of Chipotle Mexican Grill in a research report on Wednesday, April 18th. Finally, Jefferies Financial Group upgraded Chipotle Mexican Grill from a “hold” rating to a “buy” rating in a research report on Tuesday, July 31st. Six research analysts have rated the stock with a sell rating, twenty-one have given a hold rating and nine have issued a buy rating to the stock. Chipotle Mexican Grill has an average rating of “Hold” and a consensus target price of $399.28.

Shares of CMG stock traded down $2.21 during mid-day trading on Friday, reaching $485.47. 597,932 shares of the stock traded hands, compared to its average volume of 939,136. Chipotle Mexican Grill, Inc. has a 1-year low of $247.51 and a 1-year high of $493.00. The firm has a market capitalization of $13.56 billion, a price-to-earnings ratio of 63.58, a PEG ratio of 3.27 and a beta of 0.41.

Chipotle Mexican Grill Profile

Chipotle Mexican Grill, Inc, together with its subsidiaries, operates Chipotle Mexican Grill restaurants. As of December 31, 2017, it operated 2,363 Chipotle restaurants throughout the United States, as well as 37 international Chipotle restaurants; and 8 non-Chipotle restaurants. The company was founded in 1993 and is based in Denver, Colorado.

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

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