As Chipotle Mexican Grill Inc (NYSE:CMG) Price Rose, Coatue Management Llc Trimmed Position

May 17, 2018 - By Joseph Norton

Chipotle Mexican Grill, Inc. (NYSE:CMG) Corporate LogoBig Money Sentiment decreased to 0.68 in 2017 Q4. 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 took positions and 92 increased positions. Investors holded 24.58 million in 2017Q3 but now own 22.67 million shares or 7.77% less. Live Your Vision Limited Liability has 0% invested in Chipotle Mexican Grill, Inc. (NYSE:CMG) for 4 shs. Lpl Financial Ltd Liability Corp owns 0.01% invested in Chipotle Mexican Grill, Inc. (NYSE:CMG) for 11,379 shs. Rampart Management Comm Llc holds 0.04% of its capital in Chipotle Mexican Grill, Inc. (NYSE:CMG) for 345 shs. Adage Cap Ptnrs Group Ltd Liability Company reported 35,524 shs. Aqr Cap Mgmt Ltd Limited Liability Company stated it has 11,882 shs. Norinchukin Bank & Trust The reported 1,986 shs or 0.01% of all its holdings. Cambridge Investment Rech Advsrs owns 4,289 shs for 0.01% of their capital. Rmb Capital Mgmt Ltd Com holds 0.07% or 8,773 shs. Highbridge Cap Mgmt Lc invested in 0.17% or 32,677 shs. Livforsakringsbolaget Skandia Omsesidigt invested 0.01% in Chipotle Mexican Grill, Inc. (NYSE:CMG). Cutter Brokerage Incorporated stated it has 0.09% in Chipotle Mexican Grill, Inc. (NYSE:CMG). Jacobs Levy Equity Inc, New Jersey-based fund reported 43,903 shs. Moreover, Principal Fincl Gru has 0.02% invested in Chipotle Mexican Grill, Inc. (NYSE:CMG). New Jersey-based Nj State Employees Deferred Compensation Plan has invested 0.12% in Chipotle Mexican Grill, Inc. (NYSE:CMG). Reliance Trust Communications Of Delaware owns 0.06% invested in Chipotle Mexican Grill, Inc. (NYSE:CMG) for 1,332 shs.

CMG had 0 insider sales and 2 buys since February 15, 2018. This’s net activity of $1.10 million. On Thursday, February 22 3,000 shs were bought by Namvar Ali, worth $953,100.

According to 2018Q1 SEC form the Philippe Laffont reduced its holdings in Chipotle Mexican Grill Inc (NYSE:CMG) by 99.29%. 84,599 shares were sold by Coatue Management Llc as the company’s stock rose 9.39% while stock markets declined. 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 10.72 million shares in the quarter, for a total of 35.07 million 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”. (NYSE:CMG) has 22% bullish analysts. 63 are the (NYSE:CMG)’s ratings reports on May 17, 2018 according to StockzIntelligence Inc. On Tuesday, February 20 the firm has “Hold” rating by Stifel Nicolaus given. On Wednesday, November 29 the stock has “Hold” rating by William Blair. The company rating was maintained by Credit Suisse on Wednesday, February 14. On Wednesday, April 25 the firm has “Hold” rating given by BMO Capital Markets. On Friday, April 27 the rating was downgraded by Maxim Group to “Hold”. On Friday, December 15 the company was maintained by Cowen & Co. On Tuesday, January 30 the firm has “Neutral” rating by Nomura given. On Thursday, April 26 the stock of Chipotle Mexican Grill, Inc. (NYSE:CMG) has “Neutral” rating given by Guggenheim. On Wednesday, February 7 the rating was downgraded by Mizuho to “Neutral”. The company rating was maintained by UBS on Friday, March 9.

Chipotle Mexican Grill, Inc., together with its subsidiaries, develops and operates Chipotle Mexican Grill restaurants.The firm is valued at $12.36 billion. 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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