Man Group plc lowered its position in Chipotle Mexican Grill, Inc. (NYSE:CMG) by 69.8% in the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 4,312 shares of the restaurant operator’s stock after selling 9,966 shares during the period. Man Group plc’s holdings in Chipotle Mexican Grill were worth $1,960,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in the company. Aperio Group LLC increased its position in Chipotle Mexican Grill by 6.3% during the 3rd quarter. Aperio Group LLC now owns 7,040 shares of the restaurant operator’s stock valued at $3,200,000 after buying an additional 419 shares in the last quarter. Chicago Equity Partners LLC increased its position in Chipotle Mexican Grill by 123.1% during the 3rd quarter. Chicago Equity Partners LLC now owns 18,035 shares of the restaurant operator’s stock valued at $8,197,000 after buying an additional 9,951 shares in the last quarter. Massachusetts Financial Services Co. MA bought a new position in Chipotle Mexican Grill during the 3rd quarter valued at approximately $69,452,000. PNC Financial Services Group Inc. increased its position in Chipotle Mexican Grill by 13.3% during the 2nd quarter. PNC Financial Services Group Inc. now owns 3,925 shares of the restaurant operator’s stock valued at $1,693,000 after buying an additional 460 shares in the last quarter. Finally, Stevens Capital Management LP increased its position in Chipotle Mexican Grill by 94.3% during the 3rd quarter. Stevens Capital Management LP now owns 14,778 shares of the restaurant operator’s stock valued at $6,717,000 after buying an additional 7,171 shares in the last quarter. 91.25% of the stock is owned by hedge funds and other institutional investors.

A number of research analysts recently weighed in on CMG shares. UBS Group lowered Chipotle Mexican Grill from a “market perform” rating to an “underperform” rating in a research report on Monday, October 1st. Oppenheimer lowered Chipotle Mexican Grill from a “market perform” rating to an “underperform” rating and set a $400.00 price objective for the company. in a research report on Monday, October 1st. They noted that the move was a valuation call. CIBC reaffirmed an “underperform” rating on shares of Chipotle Mexican Grill in a research report on Monday, October 1st. KeyCorp started coverage on Chipotle Mexican Grill in a report on Wednesday, October 3rd. They issued an “overweight” rating and a $500.00 target price for the company. Finally, Wells Fargo & Co reduced their target price on Chipotle Mexican Grill from $418.00 to $415.00 and set a “market perform” rating for the company in a report on Tuesday, October 16th. Ten equities research analysts have rated the stock with a sell rating, fourteen have given a hold rating and fifteen have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $435.91.

NYSE CMG opened at $506.95 on Friday. The firm has a market cap of $13.85 billion, a P/E ratio of 76.81, a P/E/G ratio of 2.34 and a beta of 0.33. Chipotle Mexican Grill, Inc. has a fifty-two week low of $247.51 and a fifty-two week high of $530.68.

Chipotle Mexican Grill (NYSE:CMG) last released its earnings results on Thursday, October 25th. The restaurant operator reported $2.16 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $2.00 by $0.16. The company had revenue of $1.23 billion for the quarter, compared to the consensus estimate of $1.23 billion. Chipotle Mexican Grill had a return on equity of 17.14% and a net margin of 3.96%. As a group, equities analysts anticipate that Chipotle Mexican Grill, Inc. will post 8.46 EPS for the current fiscal year.

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

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Chipotle Mexican Grill Company 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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