Marianas Fund Management LLC Decreases Stake in Chipotle Mexican Grill, Inc. (CMG)

Marianas Fund Management LLC reduced its stake in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) by 69.6% during the first quarter, Holdings Channel reports. The institutional investor owned 20,600 shares of the restaurant operator’s stock after selling 47,200 shares during the period. Chipotle Mexican Grill accounts for approximately 3.4% of Marianas Fund Management LLC’s holdings, making the stock its 12th largest position. Marianas Fund Management LLC’s holdings in Chipotle Mexican Grill were worth $9,178,000 as of its most recent filing with the SEC.

Other hedge funds also recently modified their holdings of the company. Eqis Capital Management Inc. raised its position 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 last quarter. Pacer Advisors Inc. raised its position 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 last quarter. Capital Analysts LLC raised its position 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 last quarter. Mn Services Vermogensbeheer B.V. raised its position 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 last quarter. Finally, Greenwood Capital Associates LLC raised its position 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 last quarter. Institutional investors and hedge funds own 95.55% of the company’s stock.

Shares of Chipotle Mexican Grill, Inc. (CMG) traded down 0.7561% during trading on Monday, hitting $412.1399. The stock had a trading volume of 401,399 shares. The stock’s 50 day moving average is $473.87 and its 200 day moving average is $431.95. The stock has a market capitalization of $11.81 billion, a price-to-earnings ratio of 127.4791 and a beta of 0.56. Chipotle Mexican Grill, Inc. has a 52 week low of $352.96 and a 52 week high of $499.00.

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, topping the consensus estimate of $1.28 by $0.32. Chipotle Mexican Grill had a net margin of 4.32% and a return on equity of 13.17%. The firm had revenue of $1.07 billion during the quarter, compared to analysts’ expectations of $1.05 billion. During the same quarter in the previous year, the company posted ($0.88) EPS. Chipotle Mexican Grill’s revenue was up 28.1% on a year-over-year basis. On average, equities research analysts expect that Chipotle Mexican Grill, Inc. will post $8.25 earnings per share for the current fiscal year.

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CMG has been the subject of several analyst reports. Nomura dropped their target price on Chipotle Mexican Grill from $510.00 to $480.00 in a research note on Tuesday, June 20th. Buckingham Research reiterated a “buy” rating and issued a $547.00 target price on shares of Chipotle Mexican Grill in a research note on Saturday, March 11th. Vetr upgraded Chipotle Mexican Grill from a “hold” rating to a “buy” rating and set a $428.20 target price for the company in a research note on Monday, March 6th. SunTrust Banks, Inc. upped their target price on Chipotle Mexican Grill from $500.00 to $550.00 and gave the company a “buy” rating in a research note on Wednesday, April 26th. Finally, Argus upgraded Chipotle Mexican Grill from a “hold” rating to a “buy” rating and upped their target price for the company from $447.88 to $550.00 in a research note on Thursday, May 25th. Eight analysts have rated the stock with a sell rating, seventeen have issued a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Chipotle Mexican Grill currently has an average rating of “Hold” and an average target price of $450.68.

Chipotle Mexican Grill Company Profile

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.

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

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