Northwestern Mutual Investment Management Company LLC Has $1.45 Million Stake in Chipotle Mexican Grill, Inc. (CMG)

Northwestern Mutual Investment Management Company LLC cut its position in Chipotle Mexican Grill, Inc. (NYSE:CMG) by 20.3% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 4,474 shares of the restaurant operator’s stock after selling 1,137 shares during the quarter. Northwestern Mutual Investment Management Company LLC’s holdings in Chipotle Mexican Grill were worth $1,446,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently made changes to their positions in the company. Rampart Investment Management Company LLC boosted its stake in shares of Chipotle Mexican Grill by 348.4% in the first quarter. Rampart Investment Management Company LLC now owns 1,547 shares of the restaurant operator’s stock valued at $500,000 after purchasing an additional 1,202 shares during the period. Oak Ridge Investments LLC purchased a new position in shares of Chipotle Mexican Grill in the first quarter valued at $278,000. Carillon Tower Advisers Inc. purchased a new position in shares of Chipotle Mexican Grill in the first quarter valued at $3,828,000. Principal Financial Group Inc. boosted its stake in shares of Chipotle Mexican Grill by 15.4% in the first quarter. Principal Financial Group Inc. now owns 78,406 shares of the restaurant operator’s stock valued at $25,333,000 after purchasing an additional 10,436 shares during the period. Finally, Koch Industries Inc. purchased a new position in shares of Chipotle Mexican Grill in the first quarter valued at $206,000. Institutional investors and hedge funds own 86.41% of the company’s stock.

A number of research firms have commented on CMG. TheStreet upgraded shares of Chipotle Mexican Grill from a “c+” rating to a “b-” rating in a research note on Thursday. Robert W. Baird increased their price objective on shares of Chipotle Mexican Grill from $440.00 to $500.00 and gave the company an “outperform” rating in a research note on Thursday, May 31st. Argus upgraded shares of Chipotle Mexican Grill from a “hold” rating to a “buy” rating and increased their price objective for the company from $247.52 to $496.14 in a research note on Wednesday, May 16th. Piper Jaffray Companies increased their price objective on shares of Chipotle Mexican Grill from $420.00 to $530.00 and gave the company an “overweight” rating in a research note on Monday, May 14th. Finally, Deutsche Bank set a $285.00 price objective on shares of Chipotle Mexican Grill and gave the company a “sell” rating in a research note on Thursday, April 26th. Six investment analysts have rated the stock with a sell rating, twenty-five have given a hold rating and eight have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $362.94.



Shares of Chipotle Mexican Grill traded up $5.99, reaching $468.00, during trading on Monday, Marketbeat.com reports. The stock had a trading volume of 50,860 shares, compared to its average volume of 575,535. Chipotle Mexican Grill, Inc. has a 52 week low of $247.51 and a 52 week high of $470.00. The firm has a market cap of $12.90 billion, a price-to-earnings ratio of 70.91, a P/E/G ratio of 2.97 and a beta of 0.50.

Chipotle Mexican Grill (NYSE:CMG) last released its quarterly earnings results on Wednesday, April 25th. The restaurant operator reported $2.13 EPS for the quarter, beating the Zacks’ consensus estimate of $1.57 by $0.56. Chipotle Mexican Grill had a net margin of 4.16% and a return on equity of 14.50%. The company had revenue of $1.15 billion for the quarter, compared to analyst estimates of $1.15 billion. During the same quarter last year, the firm posted $1.60 earnings per share. The company’s quarterly revenue was up 7.4% compared to the same quarter last year. research analysts expect that Chipotle Mexican Grill, Inc. will post 8.48 EPS for the current fiscal year.

Chipotle Mexican Grill Company Profile

Chipotle Mexican Grill, Inc, together with its subsidiaries, operates Chipotle Mexican Grill restaurants. As of December 31, 2017, it operated 2,363 Chipotle restaurants throughout the United States, as well as 37 international Chipotle restaurants; and 8 non-Chipotle restaurants. The company was founded in 1993 and is based in Denver, Colorado.

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

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