Jag Capital Management LLC Invests $11.78 Million in Chipotle Mexican Grill, Inc. (NYSE:CMG)

Jag Capital Management LLC purchased a new position in Chipotle Mexican Grill, Inc. (NYSE:CMG) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 14,020 shares of the restaurant operator’s stock, valued at approximately $11,784,000.

Several other institutional investors have also recently made changes to their positions in the company. Commonwealth Bank of Australia increased its position in shares of Chipotle Mexican Grill by 77.3% in the second quarter. Commonwealth Bank of Australia now owns 39 shares of the restaurant operator’s stock worth $26,000 after purchasing an additional 17 shares during the last quarter. FNY Investment Advisers LLC bought a new position in shares of Chipotle Mexican Grill in the second quarter worth approximately $36,000. Horan Capital Advisors LLC. bought a new position in shares of Chipotle Mexican Grill in the third quarter worth approximately $42,000. Griffin Asset Management Inc. bought a new position in shares of Chipotle Mexican Grill in the second quarter worth approximately $41,000. Finally, Quadrant Capital Group LLC increased its position in shares of Chipotle Mexican Grill by 97.6% in the third quarter. Quadrant Capital Group LLC now owns 81 shares of the restaurant operator’s stock worth $67,000 after purchasing an additional 40 shares during the last quarter. 92.04% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Chipotle Mexican Grill stock opened at $798.34 on Friday. The company has a debt-to-equity ratio of 1.63, a quick ratio of 1.48 and a current ratio of 1.51. Chipotle Mexican Grill, Inc. has a 52-week low of $383.20 and a 52-week high of $857.90. The stock has a market capitalization of $21.85 billion, a price-to-earnings ratio of 88.12, a P/E/G ratio of 2.94 and a beta of 0.70. The company’s 50 day moving average price is $823.09 and its 200-day moving average price is $760.64.

Chipotle Mexican Grill (NYSE:CMG) last issued its earnings results on Tuesday, October 22nd. The restaurant operator reported $3.82 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.13 by $0.69. Chipotle Mexican Grill had a net margin of 5.77% and a return on equity of 23.97%. The firm had revenue of $1.40 billion for the quarter, compared to analysts’ expectations of $1.38 billion. During the same quarter last year, the business earned $2.16 earnings per share. The business’s revenue was up 14.6% on a year-over-year basis. As a group, equities research analysts forecast that Chipotle Mexican Grill, Inc. will post 13.71 earnings per share for the current fiscal year.

In other news, CEO Brian R. Niccol sold 3,810 shares of the firm’s stock in a transaction that occurred on Thursday, August 1st. The shares were sold at an average price of $798.91, for a total value of $3,043,847.10. Following the transaction, the chief executive officer now owns 26,634 shares in the company, valued at $21,278,168.94. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Steve Ells sold 28,171 shares of the firm’s stock in a transaction that occurred on Thursday, August 1st. The stock was sold at an average price of $796.65, for a total transaction of $22,442,427.15. Following the completion of the transaction, the insider now owns 183,580 shares in the company, valued at approximately $146,249,007. The disclosure for this sale can be found here. Insiders sold 112,367 shares of company stock worth $91,008,264 in the last 90 days. Company insiders own 2.21% of the company’s stock.

Several research analysts recently weighed in on CMG shares. Oppenheimer restated an “underperform” rating and issued a $625.00 price objective (up from $525.00) on shares of Chipotle Mexican Grill in a research report on Wednesday. Bank of America upgraded shares of Chipotle Mexican Grill from an “underperform” rating to a “neutral” rating and upped their price objective for the stock from $590.00 to $850.00 in a research report on Friday, October 18th. William Blair restated a “buy” rating on shares of Chipotle Mexican Grill in a research report on Tuesday, September 24th. Stephens upped their price objective on shares of Chipotle Mexican Grill from $700.00 to $800.00 and gave the stock an “equal weight” rating in a research report on Wednesday. They noted that the move was a valuation call. Finally, Maxim Group upped their price objective on shares of Chipotle Mexican Grill from $825.00 to $875.00 and gave the stock a “hold” rating in a research report on Wednesday. Five investment analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and fifteen have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $779.03.

About Chipotle Mexican Grill

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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