Renaissance Technologies LLC increased its stake in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) by 255.0% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 792,000 shares of the restaurant operator’s stock after acquiring an additional 568,900 shares during the period. Renaissance Technologies LLC owned about 2.85% of Chipotle Mexican Grill worth $359,980,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Sumitomo Mitsui Asset Management Company LTD raised its holdings in Chipotle Mexican Grill by 7.0% during the second quarter. Sumitomo Mitsui Asset Management Company LTD now owns 1,748 shares of the restaurant operator’s stock worth $754,000 after acquiring an additional 115 shares in the last quarter. DekaBank Deutsche Girozentrale raised its stake in Chipotle Mexican Grill by 6.9% in the third quarter. DekaBank Deutsche Girozentrale now owns 1,802 shares of the restaurant operator’s stock valued at $918,000 after buying an additional 116 shares during the period. Korea Investment CORP raised its stake in Chipotle Mexican Grill by 45.4% in the third quarter. Korea Investment CORP now owns 391 shares of the restaurant operator’s stock valued at $178,000 after buying an additional 122 shares during the period. Carnegie Capital Asset Management LLC raised its stake in Chipotle Mexican Grill by 7.1% in the second quarter. Carnegie Capital Asset Management LLC now owns 2,252 shares of the restaurant operator’s stock valued at $1,111,000 after buying an additional 150 shares during the period. Finally, IFM Investors Pty Ltd raised its stake in Chipotle Mexican Grill by 12.6% in the third quarter. IFM Investors Pty Ltd now owns 1,387 shares of the restaurant operator’s stock valued at $630,000 after buying an additional 155 shares during the period. Institutional investors and hedge funds own 91.40% of the company’s stock.

In other news, Director Pershing Square Capital Manage sold 118,307 shares of the company’s stock in a transaction that occurred on Tuesday, November 6th. The stock was sold at an average price of $472.05, for a total value of $55,846,819.35. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. 2.19% of the stock is currently owned by corporate insiders.

Chipotle Mexican Grill stock opened at $468.35 on Wednesday. Chipotle Mexican Grill, Inc. has a 12 month low of $247.51 and a 12 month high of $530.68. The company has a market capitalization of $13.15 billion, a PE ratio of 70.96, a PEG ratio of 3.14 and a beta of 0.23.

Chipotle Mexican Grill (NYSE:CMG) last posted its earnings results on Thursday, October 25th. The restaurant operator reported $2.16 EPS for the quarter, beating the consensus estimate of $2.00 by $0.16. Chipotle Mexican Grill had a return on equity of 17.14% and a net margin of 3.96%. The company had revenue of $1.23 billion for the quarter, compared to the consensus estimate of $1.23 billion. Sell-side analysts expect that Chipotle Mexican Grill, Inc. will post 8.47 EPS for the current fiscal year.

Several research firms have issued reports on CMG. Morgan Stanley upgraded Chipotle Mexican Grill from an “equal weight” rating to an “overweight” rating and upped their price objective for the company from $413.00 to $600.00 in a research note on Wednesday, August 15th. Maxim Group restated a “hold” rating and issued a $500.00 price objective (up previously from $430.00) on shares of Chipotle Mexican Grill in a research note on Tuesday, August 28th. UBS Group set a $370.00 price objective on Chipotle Mexican Grill and gave the company a “sell” rating in a research note on Monday, October 22nd. Wells Fargo & Co upped their price objective on Chipotle Mexican Grill from $415.00 to $420.00 and gave the company a “market perform” rating in a research note on Friday, October 26th. Finally, Piper Jaffray Companies set a $550.00 price objective on Chipotle Mexican Grill and gave the company a “buy” rating in a research note on Monday, October 22nd. Nine equities research analysts have rated the stock with a sell rating, sixteen have issued a hold rating and fourteen have given a buy rating to the company. Chipotle Mexican Grill has an average rating of “Hold” and a consensus target price of $431.72.

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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.

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

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