Renaissance Technologies LLC Sells 895,246 Shares of Chipotle Mexican Grill, Inc. (NYSE:CMG)

Renaissance Technologies LLC lessened its position in Chipotle Mexican Grill, Inc. (NYSE:CMG - Free Report) by 24.4% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 2,780,435 shares of the restaurant operator's stock after selling 895,246 shares during the period. Renaissance Technologies LLC owned approximately 0.20% of Chipotle Mexican Grill worth $167,660,000 as of its most recent filing with the SEC.

Other hedge funds also recently bought and sold shares of the company. Norges Bank acquired a new position in shares of Chipotle Mexican Grill during the fourth quarter worth about $1,093,345,000. Alphinity Investment Management Pty Ltd acquired a new position in Chipotle Mexican Grill during the 4th quarter worth approximately $692,701,000. Alliancebernstein L.P. grew its stake in shares of Chipotle Mexican Grill by 29.5% during the 4th quarter. Alliancebernstein L.P. now owns 30,100,520 shares of the restaurant operator's stock worth $1,815,061,000 after acquiring an additional 6,853,470 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in shares of Chipotle Mexican Grill in the fourth quarter valued at approximately $315,220,000. Finally, Clearbridge Investments LLC lifted its position in shares of Chipotle Mexican Grill by 2,145.9% in the fourth quarter. Clearbridge Investments LLC now owns 3,180,051 shares of the restaurant operator's stock worth $191,757,000 after purchasing an additional 3,038,460 shares in the last quarter. 91.31% of the stock is currently owned by institutional investors and hedge funds.

Chipotle Mexican Grill Trading Down 1.1 %

Shares of CMG traded down $0.55 on Friday, reaching $49.73. The company's stock had a trading volume of 14,462,022 shares, compared to its average volume of 13,423,650. Chipotle Mexican Grill, Inc. has a twelve month low of $44.46 and a twelve month high of $69.26. The stock has a market capitalization of $67.39 billion, a PE ratio of 44.79, a PEG ratio of 2.04 and a beta of 1.27. The firm has a fifty day moving average of $51.79 and a 200-day moving average of $56.89.

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Chipotle Mexican Grill (NYSE:CMG - Get Free Report) last issued its quarterly earnings data on Tuesday, February 4th. The restaurant operator reported $0.25 EPS for the quarter, topping the consensus estimate of $0.24 by $0.01. Chipotle Mexican Grill had a return on equity of 42.92% and a net margin of 13.56%. As a group, equities analysts anticipate that Chipotle Mexican Grill, Inc. will post 1.29 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts have weighed in on CMG shares. Sanford C. Bernstein restated an "outperform" rating and issued a $70.00 price target on shares of Chipotle Mexican Grill in a research note on Tuesday, January 28th. JPMorgan Chase & Co. dropped their price target on shares of Chipotle Mexican Grill from $64.00 to $58.00 and set a "neutral" rating on the stock in a research report on Thursday, March 20th. Cfra upgraded shares of Chipotle Mexican Grill from a "buy" rating to a "strong-buy" rating and increased their price target for the company from $59.00 to $73.00 in a research note on Wednesday, February 5th. Wedbush lowered their price objective on shares of Chipotle Mexican Grill from $69.00 to $64.00 and set an "outperform" rating on the stock in a research note on Wednesday, February 5th. Finally, Morgan Stanley upgraded shares of Chipotle Mexican Grill from an "equal weight" rating to an "overweight" rating and raised their target price for the company from $65.00 to $70.00 in a research note on Monday, March 3rd. Eight research analysts have rated the stock with a hold rating, twenty have given a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, Chipotle Mexican Grill currently has a consensus rating of "Moderate Buy" and a consensus price target of $66.10.

Chipotle Mexican Grill Company 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.