Schonfeld Strategic Advisors LLC Takes $5.47 Million Position in Chipotle Mexican Grill, Inc. (NYSE:CMG)

Schonfeld Strategic Advisors LLC acquired a new position in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG - Free Report) in the fourth quarter, according to its most recent disclosure with the SEC. The firm acquired 90,720 shares of the restaurant operator's stock, valued at approximately $5,470,000.

Other hedge funds have also modified their holdings of the company. Norges Bank bought a new position in Chipotle Mexican Grill during the 4th quarter worth approximately $1,093,345,000. Alphinity Investment Management Pty Ltd bought a new stake in Chipotle Mexican Grill during the fourth quarter worth approximately $692,701,000. Alliancebernstein L.P. grew its stake in shares of Chipotle Mexican Grill by 29.5% in the 4th quarter. Alliancebernstein L.P. now owns 30,100,520 shares of the restaurant operator's stock worth $1,815,061,000 after purchasing an additional 6,853,470 shares during the last quarter. Raymond James Financial Inc. purchased a new stake in shares of Chipotle Mexican Grill during the fourth quarter valued at $315,220,000. Finally, Voya Investment Management LLC lifted its holdings in shares of Chipotle Mexican Grill by 114.2% in the fourth quarter. Voya Investment Management LLC now owns 8,986,971 shares of the restaurant operator's stock valued at $541,914,000 after purchasing an additional 4,790,464 shares in the last quarter. 91.31% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms have recently commented on CMG. Royal Bank of Canada dropped their price objective on Chipotle Mexican Grill from $65.00 to $60.00 and set an "outperform" rating on the stock in a research note on Thursday, April 24th. Guggenheim set a $47.00 price target on shares of Chipotle Mexican Grill in a research report on Friday, April 25th. Sanford C. Bernstein restated an "outperform" rating and issued a $70.00 price objective on shares of Chipotle Mexican Grill in a report on Tuesday, January 28th. Wells Fargo & Company cut their target price on Chipotle Mexican Grill from $70.00 to $60.00 and set an "overweight" rating on the stock in a research note on Tuesday, April 22nd. Finally, Citigroup reduced their price target on shares of Chipotle Mexican Grill from $70.00 to $62.00 and set a "buy" rating for the company in a report on Wednesday, April 2nd. Nine equities research analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $61.74.

Chipotle Mexican Grill Stock Performance

Shares of NYSE CMG traded up $0.48 during midday trading on Tuesday, hitting $50.49. The company's stock had a trading volume of 9,755,879 shares, compared to its average volume of 13,450,691. The firm's fifty day moving average price is $49.88 and its 200-day moving average price is $55.90. Chipotle Mexican Grill, Inc. has a 1-year low of $44.46 and a 1-year high of $69.26. The firm has a market cap of $68.03 billion, a P/E ratio of 45.48, a P/E/G ratio of 2.04 and a beta of 1.11.

Chipotle Mexican Grill (NYSE:CMG - Get Free Report) last announced its earnings results on Wednesday, April 23rd. The restaurant operator reported $0.29 EPS for the quarter, beating the consensus estimate of $0.28 by $0.01. The business had revenue of $2.88 billion during the quarter, compared to the consensus estimate of $2.98 billion. Chipotle Mexican Grill had a return on equity of 42.92% and a net margin of 13.56%. Chipotle Mexican Grill's revenue was up 6.4% compared to the same quarter last year. During the same period in the prior year, the business posted $13.37 earnings per share. As a group, research analysts predict that Chipotle Mexican Grill, Inc. will post 1.29 earnings per share for the current fiscal year.

About Chipotle Mexican Grill

Chipotle Mexican Grill, Inc, together with its subsidiaries, owns and operates Chipotle Mexican Grill restaurants. It sells food and beverages through offering burritos, burrito bowls, quesadillas, tacos, and salads. The company also provides delivery and related services its app and website. It has operations in the United States, Canada, France, Germany, and the United Kingdom.