Dupont Capital Management Corp raised its holdings in Chipotle Mexican Grill, Inc. (NYSE:CMG) by 4,192.0% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 12,275 shares of the restaurant operator’s stock after acquiring an additional 11,989 shares during the period. Dupont Capital Management Corp’s holdings in Chipotle Mexican Grill were worth $5,579,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in CMG. Millennium Management LLC boosted its position in shares of Chipotle Mexican Grill by 107.5% during the first quarter. Millennium Management LLC now owns 5,562 shares of the restaurant operator’s stock valued at $1,797,000 after buying an additional 2,881 shares during the last quarter. Principal Financial Group Inc. boosted its position in shares of Chipotle Mexican Grill by 15.4% during the first quarter. Principal Financial Group Inc. now owns 78,406 shares of the restaurant operator’s stock valued at $25,333,000 after buying an additional 10,436 shares during the last quarter. IFM Investors Pty Ltd boosted its position in shares of Chipotle Mexican Grill by 38.0% during the second quarter. IFM Investors Pty Ltd now owns 1,232 shares of the restaurant operator’s stock valued at $531,000 after buying an additional 339 shares during the last quarter. Xact Kapitalforvaltning AB boosted its position in shares of Chipotle Mexican Grill by 19.8% during the second quarter. Xact Kapitalforvaltning AB now owns 4,390 shares of the restaurant operator’s stock valued at $1,894,000 after buying an additional 725 shares during the last quarter. Finally, Fjarde AP Fonden Fourth Swedish National Pension Fund boosted its position in shares of Chipotle Mexican Grill by 2.5% during the second quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 7,216 shares of the restaurant operator’s stock valued at $3,113,000 after buying an additional 177 shares during the last quarter. Institutional investors own 89.13% of the company’s stock.

Several research analysts recently issued reports on CMG shares. Wedbush cut Chipotle Mexican Grill from a “neutral” rating to an “underperform” rating and cut their target price for the company from $450.00 to $445.00 in a research report on Monday, August 27th. Oppenheimer cut Chipotle Mexican Grill from a “market perform” rating to an “underperform” rating and set a $400.00 target price on the stock. in a research report on Monday, October 1st. They noted that the move was a valuation call. Jefferies Financial Group upgraded Chipotle Mexican Grill from a “hold” rating to a “buy” rating in a report on Tuesday, July 31st. Morgan Stanley upgraded Chipotle Mexican Grill from an “equal weight” rating to an “overweight” rating and lifted their price target for the stock from $413.00 to $600.00 in a report on Wednesday, August 15th. Finally, KeyCorp assumed coverage on Chipotle Mexican Grill in a report on Wednesday, October 3rd. They set an “overweight” rating and a $500.00 price target on the stock. Nine analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and fifteen have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $431.72.

Shares of CMG opened at $490.76 on Friday. The firm has a market capitalization of $13.27 billion, a price-to-earnings ratio of 74.36, a PEG ratio of 3.15 and a beta of 0.22. Chipotle Mexican Grill, Inc. has a 1 year low of $247.51 and a 1 year high of $530.68.

Chipotle Mexican Grill (NYSE:CMG) last issued its earnings results on Thursday, October 25th. The restaurant operator reported $2.16 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $2.00 by $0.16. The firm had revenue of $1.23 billion for the quarter, compared to analyst estimates of $1.23 billion. Chipotle Mexican Grill had a return on equity of 17.14% and a net margin of 3.96%. On average, equities research analysts predict that Chipotle Mexican Grill, Inc. will post 8.48 EPS for the current year.

In other Chipotle Mexican Grill news, Director Pershing Square Capital Manage sold 823,357 shares of the business’s stock in a transaction on Tuesday, August 28th. The stock was sold at an average price of $487.29, for a total value of $401,213,632.53. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 2.19% of the company’s stock.

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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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