Gotham Asset Management LLC Increases Holdings in Chipotle Mexican Grill, Inc. (CMG)

Gotham Asset Management LLC increased its position in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) by 23.6% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 2,821 shares of the restaurant operator’s stock after buying an additional 538 shares during the quarter. Gotham Asset Management LLC’s holdings in Chipotle Mexican Grill were worth $1,218,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in the stock. Vanguard Group Inc boosted its stake in shares of Chipotle Mexican Grill by 1.9% in the third quarter. Vanguard Group Inc now owns 2,590,430 shares of the restaurant operator’s stock valued at $1,177,403,000 after buying an additional 47,822 shares in the last quarter. BlackRock Inc. boosted its stake in shares of Chipotle Mexican Grill by 4.2% in the fourth quarter. BlackRock Inc. now owns 1,615,632 shares of the restaurant operator’s stock valued at $697,615,000 after buying an additional 64,606 shares in the last quarter. Renaissance Technologies LLC boosted its stake in shares of Chipotle Mexican Grill by 255.0% in the third quarter. Renaissance Technologies LLC now owns 792,000 shares of the restaurant operator’s stock valued at $359,980,000 after buying an additional 568,900 shares in the last quarter. Capital International Investors boosted its stake in shares of Chipotle Mexican Grill by 220.1% in the third quarter. Capital International Investors now owns 738,410 shares of the restaurant operator’s stock valued at $335,622,000 after buying an additional 507,700 shares in the last quarter. Finally, Clearbridge Investments LLC boosted its stake in shares of Chipotle Mexican Grill by 1.5% in the third quarter. Clearbridge Investments LLC now owns 678,507 shares of the restaurant operator’s stock valued at $308,395,000 after buying an additional 10,206 shares in the last quarter. Hedge funds and other institutional investors own 93.07% of the company’s stock.

In related news, CFO Jack Hartung sold 1,470 shares of the company’s stock in a transaction on Thursday, March 21st. The stock was sold at an average price of $680.00, for a total value of $999,600.00. Following the completion of the transaction, the chief financial officer now directly owns 38,002 shares in the company, valued at $25,841,360. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Pershing Square Capital Manage sold 20,000 shares of the company’s stock in a transaction on Tuesday, February 12th. The shares were sold at an average price of $594.65, for a total value of $11,893,000.00. The disclosure for this sale can be found here. Insiders sold 51,788 shares of company stock valued at $31,629,459 over the last quarter. Insiders own 2.21% of the company’s stock.

Chipotle Mexican Grill stock traded up $11.79 during trading on Friday, hitting $700.00. The company’s stock had a trading volume of 644,235 shares, compared to its average volume of 595,833. The firm has a market capitalization of $19.41 billion, a P/E ratio of 77.26, a PEG ratio of 3.17 and a beta of 0.68. Chipotle Mexican Grill, Inc. has a 1-year low of $326.00 and a 1-year high of $721.21.

Chipotle Mexican Grill (NYSE:CMG) last released its earnings results on Wednesday, February 6th. The restaurant operator reported $1.72 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.38 by $0.34. The firm had revenue of $1.23 billion during the quarter, compared to analyst estimates of $1.20 billion. Chipotle Mexican Grill had a return on equity of 17.64% and a net margin of 3.63%. The business’s quarterly revenue was up 10.4% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.34 earnings per share. As a group, equities research analysts forecast that Chipotle Mexican Grill, Inc. will post 12.51 EPS for the current fiscal year.

Several equities analysts recently issued reports on the company. Zacks Investment Research cut Chipotle Mexican Grill from a “hold” rating to a “sell” rating in a report on Thursday, January 3rd. Telsey Advisory Group reaffirmed an “outperform” rating and set a $700.00 price objective (up from $600.00) on shares of Chipotle Mexican Grill in a report on Thursday. Wells Fargo & Co lifted their price objective on Chipotle Mexican Grill from $420.00 to $464.00 and gave the stock a “market perform” rating in a report on Friday, January 11th. Loop Capital lifted their price objective on Chipotle Mexican Grill to $630.00 and gave the stock a “positive” rating in a report on Thursday, February 7th. Finally, Wedbush raised Chipotle Mexican Grill from an “underperform” rating to a “neutral” rating and lifted their price objective for the stock from $500.00 to $640.00 in a report on Friday, March 22nd. Seven research analysts have rated the stock with a sell rating, sixteen have given a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $570.70.

COPYRIGHT VIOLATION NOTICE: “Gotham Asset Management LLC Increases Holdings in Chipotle Mexican Grill, Inc. (CMG)” was posted by Baseball Daily News and is the property of of Baseball Daily News. If you are viewing this news story on another publication, it was copied illegally and reposted in violation of US & international copyright & trademark legislation. The original version of this news story can be accessed at https://www.baseballdailydigest.com/news/2019/04/21/chipotle-mexican-grill-inc-cmg-shares-bought-by-gotham-asset-management-llc.html.

Chipotle Mexican Grill Profile

Chipotle Mexican Grill, Inc, together with its subsidiaries, operates Chipotle Mexican Grill restaurants. As of December 31, 2018, it operated 2,491 restaurants, including 2,452 Chipotle restaurants in the United States, 37 Chipotle restaurants internationally, and two non-Chipotle restaurants. The company was founded in 1993 and is headquartered in Newport Beach, California.

Read More: What do investors mean by earnings per share?

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

Receive News & Ratings for Chipotle Mexican Grill Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Chipotle Mexican Grill and related companies with MarketBeat.com's FREE daily email newsletter.