Chipotle Mexican Grill, Inc. (CMG) Stake Increased by FNY Partners Fund LP

FNY Partners Fund LP increased its stake in Chipotle Mexican Grill, Inc. (NYSE:CMG) by 170.0% during the first quarter, Holdings Channel reports. The firm owned 1,350 shares of the restaurant operator’s stock after buying an additional 850 shares during the period. FNY Partners Fund LP’s holdings in Chipotle Mexican Grill were worth $601,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in CMG. Eqis Capital Management Inc. raised its stake in Chipotle Mexican Grill by 0.6% in the first quarter. Eqis Capital Management Inc. now owns 1,730 shares of the restaurant operator’s stock valued at $771,000 after buying an additional 11 shares during the period. Pacer Advisors Inc. raised its stake in Chipotle Mexican Grill by 2.4% in the first quarter. Pacer Advisors Inc. now owns 469 shares of the restaurant operator’s stock valued at $209,000 after buying an additional 11 shares during the period. Capital Analysts LLC raised its stake in Chipotle Mexican Grill by 2.9% in the first quarter. Capital Analysts LLC now owns 427 shares of the restaurant operator’s stock valued at $190,000 after buying an additional 12 shares during the period. Mn Services Vermogensbeheer B.V. raised its stake in Chipotle Mexican Grill by 2.0% in the first quarter. Mn Services Vermogensbeheer B.V. now owns 774 shares of the restaurant operator’s stock valued at $322,000 after buying an additional 15 shares during the period. Finally, Greenwood Capital Associates LLC raised its stake in Chipotle Mexican Grill by 2.8% in the first quarter. Greenwood Capital Associates LLC now owns 545 shares of the restaurant operator’s stock valued at $243,000 after buying an additional 15 shares during the period. 95.55% of the stock is currently owned by institutional investors.

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

Chipotle Mexican Grill, Inc. (NYSE:CMG) traded down 1.34% during midday trading on Friday, hitting $415.28. The stock had a trading volume of 1,073,666 shares. The company has a market cap of $11.90 billion, a P/E ratio of 128.45 and a beta of 0.56. Chipotle Mexican Grill, Inc. has a 12 month low of $352.96 and a 12 month high of $499.00. The firm’s 50-day moving average price is $473.87 and its 200 day moving average price is $431.95. Chipotle Mexican Grill also saw some unusual options trading on Tuesday. Traders acquired 2,690 call options on the company. This is an increase of approximately 184% compared to the typical volume of 946 call options.

Chipotle Mexican Grill (NYSE:CMG) last posted its quarterly earnings data on Tuesday, April 25th. The restaurant operator reported $1.60 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.28 by $0.32. Chipotle Mexican Grill had a return on equity of 7.72% and a net margin of 2.31%. The company had revenue of $1.07 billion during the quarter, compared to analyst estimates of $1.05 billion. During the same quarter last year, the company earned ($0.88) EPS. The firm’s revenue for the quarter was up 28.1% on a year-over-year basis. On average, analysts expect that Chipotle Mexican Grill, Inc. will post $8.25 earnings per share for the current fiscal year.

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Several analysts have recently issued reports on the company. Barclays PLC increased their target price on Chipotle Mexican Grill from $395.00 to $415.00 and gave the stock an “equal weight” rating in a report on Wednesday, April 26th. Cowen and Company increased their target price on Chipotle Mexican Grill from $375.00 to $440.00 and gave the stock a “market perform” rating in a report on Wednesday, April 26th. J P Morgan Chase & Co increased their target price on Chipotle Mexican Grill from $365.00 to $420.00 and gave the stock a “neutral” rating in a report on Wednesday, April 26th. Vetr raised 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. Finally, Maxim Group raised their price objective on Chipotle Mexican Grill from $390.00 to $430.00 and gave the company a “hold” rating in a research note on Wednesday, April 19th. Eight equities research analysts have rated the stock with a sell rating, seventeen have issued a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Chipotle Mexican Grill currently has a consensus rating of “Hold” and a consensus target price of $451.81.

About Chipotle Mexican Grill

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.

Want to see what other hedge funds are holding CMG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Chipotle Mexican Grill, Inc. (NYSE:CMG).

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