DekaBank Deutsche Girozentrale lifted its position in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) by 6.9% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,802 shares of the restaurant operator’s stock after buying an additional 116 shares during the period. DekaBank Deutsche Girozentrale’s holdings in Chipotle Mexican Grill were worth $918,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently made changes to their positions in the company. FMR LLC increased its holdings in shares of Chipotle Mexican Grill by 10.2% during the 2nd quarter. FMR LLC now owns 1,620,408 shares of the restaurant operator’s stock worth $698,995,000 after buying an additional 149,725 shares during the last quarter. BlackRock Inc. increased its holdings in shares of Chipotle Mexican Grill by 0.5% during the 3rd quarter. BlackRock Inc. now owns 1,551,026 shares of the restaurant operator’s stock worth $704,970,000 after buying an additional 8,403 shares during the last quarter. Jennison Associates LLC increased its holdings in shares of Chipotle Mexican Grill by 128.5% during the 3rd quarter. Jennison Associates LLC now owns 830,269 shares of the restaurant operator’s stock worth $377,374,000 after buying an additional 466,849 shares during the last quarter. Bank of New York Mellon Corp increased its holdings in shares of Chipotle Mexican Grill by 15.8% during the 2nd quarter. Bank of New York Mellon Corp now owns 336,486 shares of the restaurant operator’s stock worth $145,149,000 after buying an additional 45,936 shares during the last quarter. Finally, American Century Companies Inc. increased its holdings in Chipotle Mexican Grill by 27.8% in the 3rd quarter. American Century Companies Inc. now owns 311,682 shares of the restaurant operator’s stock valued at $141,666,000 after purchasing an additional 67,769 shares during the last quarter. Institutional investors and hedge funds own 91.40% of the company’s stock.

CMG has been the subject of several research reports. Piper Jaffray Companies set a $550.00 target price on shares of Chipotle Mexican Grill and gave the company a “buy” rating in a report on Monday, October 22nd. Wells Fargo & Co lifted their target price on shares of Chipotle Mexican Grill from $415.00 to $420.00 and gave the company a “market perform” rating in a report on Friday, October 26th. Gordon Haskett initiated coverage on shares of Chipotle Mexican Grill in a report on Thursday, October 18th. They issued an “underperform” rating and a $385.00 target price for the company. Wedbush downgraded shares of Chipotle Mexican Grill from a “neutral” rating to an “underperform” rating and dropped their target price for the company from $450.00 to $445.00 in a report on Monday, August 27th. Finally, Citigroup lifted their target price on shares of Chipotle Mexican Grill from $506.00 to $573.00 and gave the company a “buy” rating in a report on Wednesday, August 15th. Nine equities research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and fourteen have issued a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $431.72.

In other news, Director Pershing Square Capital Manage sold 118,307 shares of Chipotle Mexican Grill stock in a transaction on Tuesday, November 6th. The shares were sold at an average price of $472.05, for a total transaction of $55,846,819.35. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 2.19% of the stock is currently owned by insiders.

NYSE:CMG opened at $469.94 on Friday. The firm has a market capitalization of $13.01 billion, a price-to-earnings ratio of 55.10, a price-to-earnings-growth ratio of 3.10 and a beta of 0.23. Chipotle Mexican Grill, Inc. has a 52 week low of $247.51 and a 52 week high of $530.68.

Chipotle Mexican Grill (NYSE:CMG) last released its quarterly earnings data on Thursday, October 25th. The restaurant operator reported $2.16 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $2.00 by $0.16. The business had revenue of $1.23 billion during the quarter, compared to analysts’ expectations of $1.23 billion. Chipotle Mexican Grill had a net margin of 3.96% and a return on equity of 17.14%. Sell-side analysts forecast that Chipotle Mexican Grill, Inc. will post 8.47 EPS for the current year.

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Chipotle Mexican Grill Profile

Chipotle Mexican Grill, Inc, together with its subsidiaries, operates Chipotle Mexican Grill restaurants. As of September 30, 2018, it operated 2,424 Chipotle restaurants in the United States, as well as 37 international Chipotle restaurants. The company was founded in 1993 and is headquartered in Newport Beach, California.

Further Reading: SEC Filing

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

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