Chipotle Mexican Grill Inc (NYSE:CMG) Shareholder Coatue Management Llc Lowered Its Position

May 17, 2018 - By Darrell Taylor

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 holdings while 65 funds amassed holdings. Funds hold 22.67 million shares thus 7.77% less from 2017Q3’s 24.58 million shares. Ohio-based Beese Fulmer Management has invested 0.12% in Chipotle Mexican Grill, Inc. (NYSE:CMG). Peloton Wealth Strategists invested 0.85% of its capital in Chipotle Mexican Grill, Inc. (NYSE:CMG). Dubuque Bank & Trust And Trust Communications accumulated 0% or 7 shs. Sphera Funds Mgmt Limited invested in 0.01% or 400 shs. Sei Investments has invested 0% in Chipotle Mexican Grill, Inc. (NYSE:CMG). Pictet Asset reported 13,738 shs stake. Assetmark invested in 73 shs. 39,077 were reported by Tocqueville Asset Management Limited Partnership. Nomura Asset Mngmt Ltd invested in 3,691 shs or 0.01% of the stock. Commerzbank Aktiengesellschaft Fi holds 0.05% of its capital in Chipotle Mexican Grill, Inc. (NYSE:CMG) for 13,715 shs. 2,104 were accumulated by David R Rahn And. Stratos Wealth Partners Limited reported 0.01% in Chipotle Mexican Grill, Inc. (NYSE:CMG). Sg Americas Securities Lc reported 11,947 shs. First Manhattan Company holds 340 shs or 0% of its capital. Susquehanna Int Group Inc Ltd Liability Partnership invested in 34,089 shs or 0% of the stock.

CMG registered $1.10 million net activity with 2 buys and 0 selling transactions since February 15, 2018. On Thursday, February 22 $953,100 worth of stock was bought by Namvar Ali.

In 2018Q1 SEC filling is reported Philippe Laffont’s holdings in Chipotle Mexican Grill Inc (NYSE:CMG) which was decreased 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 hedge fund run by Philippe Laffont is holding 601 shares, compared to the 85,200 from the previous quarter. And the reported value of the consumer services company is $194,000 for the 2018Q1. 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 Wednesday, February 7 Stifel Nicolaus downgraded the shares of CMG in report to “Sell” rating. On Friday, December 1 the company was maintained by Cowen & Co. On Wednesday, February 7 the stock has “Hold” rating by Canaccord Genuity. On Tuesday, January 2 the stock has “Hold” rating by Robert W. Baird. The stock rating was maintained by Maxim Group with “Buy” on Wednesday, February 7. In Tuesday, April 17 report RBC Capital Markets maintained the stock with “Hold” rating. On Wednesday, February 14 Piper Jaffray maintained Chipotle Mexican Grill, Inc. (NYSE:CMG) with “Buy” rating. In Tuesday, January 2 report SunTrust maintained the stock with “Buy” rating. On Wednesday, April 25 the firm earned “Hold” rating by Jefferies. The stock rating was maintained by Raymond James with “Sell” on Wednesday, November 29.

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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