Chipotle Mexican Grill Inc (NYSE:CMG) Price Rose While Coatue Management Llc Trimmed Position by $27.24 Million

May 17, 2018 - By Kenneth Sanchez

Chipotle Mexican Grill, Inc. (NYSE:CMG) Corporate LogoBig Money Sentiment decreased to 0.68 in Q4 2017. It has change of 0.01, from 2017Q3’s 0.69. The ratio dived due to CMG positioning: 75 sold and 157 reduced. 65 funds bought positions and 92 increased positions. Investors holded 24.58 million in 2017Q3 but now own 22.67 million shares or 7.77% less. Tiaa Cref Mgmt Lc owns 47,051 shs. Stonebridge Cap Advsrs Limited Liability Com holds 0.87% or 13,190 shs. Sphera Funds reported 400 shs stake. State Treasurer State Of Michigan reported 7,240 shs. Riverhead Cap Management Limited Company invested in 1,320 shs or 0.02% of the stock. 1,832 were reported by Gsa Capital Prtn Llp. Tobam owns 131,921 shs or 1.65% of their US capital. Sumitomo Mitsui Tru Hldg accumulated 76,834 shs. Generation Inv Management Limited Liability Partnership, United Kingdom-based fund reported 772,561 shs. Focused Wealth Mgmt reported 9 shs or 0% of all its holdings. Captrust Financial Advisors has 0% invested in Chipotle Mexican Grill, Inc. (NYSE:CMG). Highbridge Cap Mgmt Ltd Co invested in 0.17% or 32,677 shs. Virtus Advisers has 2,997 shs. State Of Tennessee Treasury Department holds 0.01% of its capital in Chipotle Mexican Grill, Inc. (NYSE:CMG) for 6,428 shs. Hudson Bay Cap Management Ltd Partnership stated it has 8,516 shs.

CMG had 0 sales and 2 buys since February 15, 2018. This’s net activity of $1.10 million. $953,100 worth of Chipotle Mexican Grill, Inc. (NYSE:CMG) shs were bought by Namvar Ali.

In Chipotle Mexican Grill Inc (NYSE:CMG) was decreased the stake held by Philippe Laffont. The reduction is 99.29% according to 2018Q1 Securities and Exchange form. The company’s stock Popped Up 9.39% while Coatue Management Llc sold 84,599 shares. The consumer services company announced $194,000 value for the 2018Q1. Now the hedge fund run by Philippe Laffont is holding 601 shares, compared to the 85,200 from the previous quarter. Coatue Management Llc has risen its stake in and also increased its holding in Electronic Arts Inc (NASDAQ:EA) by 2.38M shares in the quarter, for a total of 6.69M shares.

Philippe Laffont graduated with his M.S. in Computer Science from MIT in 1989. Laffont worked with Julian Robertson’s Tiger Management before founding Coatue Management in 1999. Coatue is a tech-focused hedge fund specializing in long/short equity. Coatue Management Llc is a New York-based hedge fund that was founded by Philippe Laffont. It had more than $14.38 billion assets under management in June, 2014. Taken from Coatue Management latest Adv, the fund reported to have 73 full and part-time employees. Among which 27 performing investment advisory and research functions. The hedge fund had between 11-25 clients.

Chipotle Mexican Grill, Inc. (NYSE:CMG) Ratings Coverage

In total 27 analysts cover Chipotle (NYSE:CMG). “Buy” rating has 6, “Sell” are 3, while 18 are “Hold”. 22% are bullish. 63 are the (NYSE:CMG)’s analyst reports since November 29, 2017 according to StockzIntelligence Inc. On Thursday, March 15 the rating was maintained by Piper Jaffray with “Buy”. On Wednesday, January 31 Deutsche Bank maintained Chipotle Mexican Grill, Inc. (NYSE:CMG) rating. Deutsche Bank has “Sell” rating and $290.0 target. On Tuesday, March 13 the company was maintained by Wedbush. On Tuesday, April 17 RBC Capital Markets maintained the shares of CMG in report with “Hold” rating. In Wednesday, April 25 report RBC Capital Markets maintained the stock with “Hold” rating. On Thursday, April 26 Robert W. Baird maintained Chipotle Mexican Grill, Inc. (NYSE:CMG) rating. Robert W. Baird has “Buy” rating and $44000 target. On Thursday, April 26 the stock has “Neutral” rating by Guggenheim. On Tuesday, February 20 the stock of Chipotle Mexican Grill, Inc. (NYSE:CMG) earned “Hold” rating by Stifel Nicolaus. On Tuesday, February 20 the company was maintained by Credit Suisse. On Thursday, March 8 the firm has “Market Perform” rating given by Wells Fargo.

Chipotle Mexican Grill, Inc., together with its subsidiaries, develops and operates Chipotle Mexican Grill restaurants.The company has $12.36 billion market cap. As of December 31, 2016, the firm operated 2,198 Chipotle restaurants throughout the United States, as well as 29 international Chipotle restaurants; and 23 restaurants with non-Chipotle concepts.The P/E ratio is 72.07.

Chipotle Mexican Grill, Inc. (NYSE:CMG) Institutional Investors Chart

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