Chipotle Mexican Grill, Inc. (NYSE:CMG) Shares Sold by Kornitzer Capital Management Inc. KS

Kornitzer Capital Management Inc. KS cut its holdings in Chipotle Mexican Grill, Inc. (NYSE:CMG) by 0.5% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 2,904 shares of the restaurant operator’s stock after selling 15 shares during the period. Kornitzer Capital Management Inc. KS’s holdings in Chipotle Mexican Grill were worth $2,128,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Cerebellum GP LLC acquired a new position in Chipotle Mexican Grill in the second quarter valued at approximately $347,000. MML Investors Services LLC lifted its holdings in Chipotle Mexican Grill by 29.5% in the first quarter. MML Investors Services LLC now owns 1,092 shares of the restaurant operator’s stock valued at $776,000 after acquiring an additional 249 shares during the last quarter. Columbus Circle Investors lifted its holdings in Chipotle Mexican Grill by 10.5% in the first quarter. Columbus Circle Investors now owns 90,220 shares of the restaurant operator’s stock valued at $64,084,000 after acquiring an additional 8,573 shares during the last quarter. FMR LLC lifted its holdings in Chipotle Mexican Grill by 88.7% in the first quarter. FMR LLC now owns 1,143,585 shares of the restaurant operator’s stock valued at $812,301,000 after acquiring an additional 537,677 shares during the last quarter. Finally, Gulf International Bank UK Ltd lifted its holdings in Chipotle Mexican Grill by 6.0% in the second quarter. Gulf International Bank UK Ltd now owns 6,460 shares of the restaurant operator’s stock valued at $4,734,000 after acquiring an additional 367 shares during the last quarter. Hedge funds and other institutional investors own 95.45% of the company’s stock.

A number of analysts have issued reports on the company. Argus boosted their target price on Chipotle Mexican Grill from $770.00 to $840.00 in a research report on Thursday, April 25th. BTIG Research boosted their target price on Chipotle Mexican Grill from $790.00 to $845.00 and gave the company a “buy” rating in a research report on Wednesday, July 24th. They noted that the move was a valuation call. KeyCorp boosted their target price on Chipotle Mexican Grill from $780.00 to $860.00 and gave the company an “overweight” rating in a research report on Wednesday, July 24th. Goldman Sachs Group assumed coverage on Chipotle Mexican Grill in a research report on Monday, July 29th. They issued a “buy” rating and a $1,000.00 target price on the stock. Finally, JPMorgan Chase & Co. boosted their target price on Chipotle Mexican Grill from $650.00 to $705.00 and gave the company a “neutral” rating in a research report on Wednesday, July 24th. Seven investment analysts have rated the stock with a sell rating, fourteen have given a hold rating and fifteen have assigned a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $700.26.



Shares of Chipotle Mexican Grill stock traded down $1.26 during trading hours on Friday, reaching $808.63. 4,316 shares of the company were exchanged, compared to its average volume of 568,923. Chipotle Mexican Grill, Inc. has a 1 year low of $383.20 and a 1 year high of $822.88. The stock’s fifty day moving average is $766.73 and its 200 day moving average is $692.97. The company has a debt-to-equity ratio of 1.65, a quick ratio of 1.48 and a current ratio of 1.52. The firm has a market cap of $22.45 billion, a PE ratio of 89.34, a PEG ratio of 3.30 and a beta of 0.72.

Chipotle Mexican Grill (NYSE:CMG) last posted its quarterly earnings data on Tuesday, July 23rd. The restaurant operator reported $3.99 earnings per share for the quarter, topping analysts’ consensus estimates of $3.68 by $0.31. Chipotle Mexican Grill had a return on equity of 21.50% and a net margin of 4.80%. The business had revenue of $1.43 billion for the quarter, compared to analyst estimates of $1.41 billion. During the same quarter in the prior year, the company earned $2.87 earnings per share. The company’s revenue was up 13.2% on a year-over-year basis. Research analysts expect that Chipotle Mexican Grill, Inc. will post 13.2 earnings per share for the current year.

In related news, insider Steve Ells sold 28,645 shares of the stock in a transaction on Monday, July 29th. The stock was sold at an average price of $802.66, for a total value of $22,992,195.70. Following the transaction, the insider now owns 183,580 shares of the company’s stock, valued at $147,352,322.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Pershing Square Capital Manage sold 80,000 shares of the stock in a transaction on Friday, June 28th. The shares were sold at an average price of $726.15, for a total value of $58,092,000.00. The disclosure for this sale can be found here. Insiders have sold 157,802 shares of company stock worth $119,632,226 in the last ninety days. Corporate insiders own 2.21% of the company’s stock.

Chipotle Mexican Grill Profile

Chipotle Mexican Grill, Inc, together with its subsidiaries, operates Chipotle Mexican Grill restaurants. As of December 31, 2018, it operated 2,491 restaurants, including 2,452 Chipotle restaurants in the United States, 37 Chipotle restaurants internationally, and two non-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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