Thornburg Investment Management Inc. Continues to Hold Position in Chipotle Mexican Grill, Inc. (CMG)

Thornburg Investment Management Inc. maintained its stake in Chipotle Mexican Grill, Inc. (NYSE:CMG) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 26,254 shares of the restaurant operator’s stock at the end of the first quarter. Thornburg Investment Management Inc.’s holdings in Chipotle Mexican Grill were worth $11,697,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. FMR LLC boosted its position in shares of Chipotle Mexican Grill by 27.5% in the fourth quarter. FMR LLC now owns 3,281,840 shares of the restaurant operator’s stock valued at $1,238,304,000 after buying an additional 707,970 shares during the last quarter. State Street Corp boosted its position in shares of Chipotle Mexican Grill by 2.0% in the fourth quarter. State Street Corp now owns 1,192,823 shares of the restaurant operator’s stock valued at $450,073,000 after buying an additional 23,087 shares during the last quarter. Pershing Square Capital Management L.P. purchased a new position in shares of Chipotle Mexican Grill during the third quarter valued at about $234,709,000. Sustainable Growth Advisers LP boosted its position in shares of Chipotle Mexican Grill by 20.8% in the third quarter. Sustainable Growth Advisers LP now owns 361,306 shares of the restaurant operator’s stock valued at $153,013,000 after buying an additional 62,105 shares during the last quarter. Finally, American Century Companies Inc. boosted its position in shares of Chipotle Mexican Grill by 26.5% in the first quarter. American Century Companies Inc. now owns 352,826 shares of the restaurant operator’s stock valued at $157,191,000 after buying an additional 73,914 shares during the last quarter. 96.62% of the stock is currently owned by institutional investors.

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

Shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) traded up 0.05% during midday trading on Friday, hitting $484.99. The company’s stock had a trading volume of 590,661 shares. Chipotle Mexican Grill, Inc. has a 12-month low of $352.96 and a 12-month high of $499.00. The firm has a 50-day moving average of $471.04 and a 200 day moving average of $419.30. The firm has a market cap of $13.90 billion, a price-to-earnings ratio of 150.01 and a beta of 0.59.

Chipotle Mexican Grill (NYSE:CMG) last released its quarterly earnings results on Tuesday, April 25th. The restaurant operator reported $1.60 EPS for the quarter, topping the consensus estimate of $1.28 by $0.32. Chipotle Mexican Grill had a return on equity of 2.60% and a net margin of 0.59%. The business had revenue of $1.07 billion during the quarter, compared to analyst estimates of $1.05 billion. During the same period last year, the business posted ($0.88) earnings per share. The company’s quarterly revenue was up 28.1% on a year-over-year basis. On average, equities research analysts predict that Chipotle Mexican Grill, Inc. will post $8.48 EPS for the current fiscal year.

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CMG has been the topic of several research reports. Vetr raised Chipotle Mexican Grill from a “sell” rating to a “hold” rating and set a $413.74 target price on the stock in a research report on Thursday, February 16th. Wells Fargo & Co reissued an “outperform” rating and issued a $460.00 target price (up from $430.00) on shares of Chipotle Mexican Grill in a research report on Saturday, January 28th. Deutsche Bank AG set a $280.00 target price on Chipotle Mexican Grill and gave the stock a “sell” rating in a research report on Tuesday, March 14th. Zacks Investment Research raised Chipotle Mexican Grill from a “sell” rating to a “hold” rating in a research report on Wednesday, February 22nd. Finally, Royal Bank of Canada reissued an “outperform” rating on shares of Chipotle Mexican Grill in a research report on Tuesday, January 31st. Seven investment analysts have rated the stock with a sell rating, nineteen have issued a hold rating and eleven have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $442.64.

About Chipotle Mexican Grill

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.

5 Day Chart for NYSE:CMG

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