Adage Capital Partners GP L.L.C. Has $160.87 Million Stock Holdings in Chipotle Mexican Grill, Inc. $CMG

Adage Capital Partners GP L.L.C. boosted its holdings in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) by 64.5% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,865,034 shares of the restaurant operator’s stock after acquiring an additional 1,123,584 shares during the quarter. Adage Capital Partners GP L.L.C. owned 0.21% of Chipotle Mexican Grill worth $160,872,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. AQR Capital Management LLC grew its stake in shares of Chipotle Mexican Grill by 66.9% in the second quarter. AQR Capital Management LLC now owns 2,560,272 shares of the restaurant operator’s stock worth $142,671,000 after purchasing an additional 1,026,616 shares during the last quarter. Lighthouse Investment Partners LLC lifted its holdings in Chipotle Mexican Grill by 5.4% during the 2nd quarter. Lighthouse Investment Partners LLC now owns 191,842 shares of the restaurant operator’s stock worth $10,772,000 after buying an additional 9,813 shares during the period. Florida Financial Advisors LLC grew its position in shares of Chipotle Mexican Grill by 32.4% in the 2nd quarter. Florida Financial Advisors LLC now owns 5,576 shares of the restaurant operator’s stock valued at $308,000 after buying an additional 1,364 shares during the last quarter. Unisphere Establishment increased its stake in shares of Chipotle Mexican Grill by 784.3% in the second quarter. Unisphere Establishment now owns 1,353,000 shares of the restaurant operator’s stock valued at $75,971,000 after buying an additional 1,200,000 shares during the period. Finally, Ausdal Financial Partners Inc. raised its position in shares of Chipotle Mexican Grill by 4.9% during the second quarter. Ausdal Financial Partners Inc. now owns 8,304 shares of the restaurant operator’s stock worth $466,000 after acquiring an additional 390 shares during the last quarter. Institutional investors own 91.30% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages recently commented on CMG. BTIG Research reduced their target price on Chipotle Mexican Grill from $57.00 to $45.00 and set a “buy” rating on the stock in a report on Thursday, October 30th. Stifel Nicolaus dropped their price target on shares of Chipotle Mexican Grill from $65.00 to $60.00 and set a “buy” rating on the stock in a research report on Tuesday, September 9th. BMO Capital Markets reaffirmed an “outperform” rating on shares of Chipotle Mexican Grill in a research note on Thursday, October 30th. Robert W. Baird lowered their target price on shares of Chipotle Mexican Grill from $59.00 to $49.00 and set an “outperform” rating for the company in a research note on Friday, October 10th. Finally, KeyCorp dropped their target price on shares of Chipotle Mexican Grill from $52.00 to $45.00 and set an “overweight” rating on the stock in a report on Thursday, October 30th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating, eleven have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $49.81.

Chipotle Mexican Grill Trading Up 3.6%

NYSE:CMG opened at $36.13 on Friday. Chipotle Mexican Grill, Inc. has a 12 month low of $29.75 and a 12 month high of $66.43. The stock has a market capitalization of $47.77 billion, a price-to-earnings ratio of 31.97, a PEG ratio of 3.56 and a beta of 0.99. The firm has a fifty day simple moving average of $35.63 and a two-hundred day simple moving average of $42.96.

Chipotle Mexican Grill (NYSE:CMG) last announced its quarterly earnings data on Wednesday, October 29th. The restaurant operator reported $0.29 earnings per share for the quarter, meeting the consensus estimate of $0.29. The firm had revenue of $3 billion for the quarter, compared to analyst estimates of $3.06 billion. Chipotle Mexican Grill had a net margin of 13.04% and a return on equity of 45.39%. The business’s quarterly revenue was up 7.5% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.27 earnings per share. Equities analysts predict that Chipotle Mexican Grill, Inc. will post 1.29 earnings per share for the current fiscal year.

Chipotle Mexican Grill Profile

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.