Chipotle Mexican Grill Inc (NYSE:CMG) Shareholder Coatue Management Llc Lowered Its Position as Price Rose by $27.24 Million

May 17, 2018 - By Mary Anderson

Chipotle Mexican Grill, Inc. (NYSE:CMG) Corporate LogoDuring 2017 Q4 the big money sentiment decreased to 0.68. That’s change of 0.01, from 2017Q3’s 0.69. 75 investors sold all, 157 reduced holdings as CMG ratio turned negative. 92 rose positions while 65 funds took positions. Funds hold 22.67 million shares thus 7.77% less from 2017Q3’s 24.58 million shares. Beese Fulmer Inv Management has invested 0.12% in Chipotle Mexican Grill, Inc. (NYSE:CMG). Bridgewater Associates L P accumulated 49,401 shs or 0.12% of the stock. Independent Franchise Prns Limited Liability Partnership invested in 371,558 shs or 0.91% of the stock. Balyasny Asset, a Illinois-based fund reported 20,776 shs. Commonwealth Bankshares Of Australia holds 3 shs or 0% of its capital. Landscape Cap Management Limited Liability reported 15,166 shs. Comerica Bank & Trust accumulated 6,686 shs. Reliance Trust Of Delaware, a Delaware-based fund reported 1,332 shs. Highstreet Asset Management has 0.03% invested in Chipotle Mexican Grill, Inc. (NYSE:CMG). Glg Ltd holds 1,300 shs or 0.03% of its capital. Dubuque National Bank & Trust And invested 0% of its capital in Chipotle Mexican Grill, Inc. (NYSE:CMG). Cambridge Inv Advsr Inc holds 4,289 shs. Sustainable Growth Advisers Lp holds 2.09% of its capital in Chipotle Mexican Grill, Inc. (NYSE:CMG) for 617,050 shs. Vantage Investment Ltd Liability Co has 112 shs for 0.01% of their capital. Advantus Capital Mngmt Incorporated holds 0.02% or 2,629 shs.

CMG registered $1.10 million net activity with 2 insider buys and 0 insider sales since February 15, 2018. 3,000 Chipotle Mexican Grill, Inc. (NYSE:CMG) shs with value of $953,100 were bought by Namvar Ali.

Philippe Laffont decreased its stake by 99.29% in Chipotle Mexican Grill Inc (NYSE:CMG), according to 2018Q1 SEC form. The company’s stock rose 9.39% while stock markets declined as 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 Twitter Inc (NYSE:TWTR) by 10.72M shares in the quarter, for a total of 35.07M 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 Tuesday, April 10 Piper Jaffray maintained the shares of CMG in report with “Buy” rating. On Wednesday, November 29 the rating was downgraded by William Blair to “Hold”. On Friday, February 2 the company was maintained by Cowen & Co. In Wednesday, February 7 report Morgan Stanley maintained it with “Equal-Weight” rating and $312 target. In Thursday, February 1 report UBS downgraded the stock to “Sell” rating. On Tuesday, January 30 the stock of Chipotle Mexican Grill, Inc. (NYSE:CMG) earned “Neutral” rating by Nomura. On Tuesday, February 20 the company was upgraded by Stifel Nicolaus. The company rating was maintained by Deutsche Bank on Wednesday, January 31. On Friday, April 27 the stock of Chipotle Mexican Grill, Inc. (NYSE:CMG) has “Hold” rating given by Maxim Group. On Thursday, February 1 the rating was maintained by Oppenheimer with “Hold”.

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.72.07 is the P/E ratio.

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

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