Dear Valued Visitor,

We have noticed that you are using an ad blocker software.

Although advertisements on the web pages may degrade your experience, our business certainly depends on them and we can only keep providing you high-quality research based articles as long as we can display ads on our pages.

To view this article, you can disable your ad blocker and refresh this page or simply login.

We only allow registered users to use ad blockers. You can sign up for free by clicking here or you can login if you are already a member.

Here is What Hedge Funds Think About Chipotle Mexican Grill, Inc. (CMG)

Page 1 of 2

Is Chipotle Mexican Grill, Inc. (NYSE:CMG) a good equity to bet on right now? We like to check what the smart money thinks first before doing extensive research. Although there have been several high profile failed hedge fund picks, the consensus picks among hedge fund investors have historically outperformed the market after adjusting for known risk attributes. It’s not surprising given that hedge funds have access to better information and more resources to find the latest market-moving information.

Is Chipotle Mexican Grill, Inc. (NYSE:CMG) a bargain? The best stock pickers are taking a bearish view. The number of bullish hedge fund bets retreated by 8 lately. CMG was in 28 hedge funds’ portfolios at the end of September. There were 36 hedge funds in our database with CMG holdings at the end of the previous quarter. The level and the change in hedge fund popularity aren’t the only variables you need to analyze to decipher hedge funds’ perspectives. A stock may witness a boost in popularity but it may still be less popular than similarly priced stocks. That’s why at the end of this article we will examine companies such as TransCanada Corporation (USA) (NYSE:TRP), AutoZone, Inc. (NYSE:AZO), and Canadian Pacific Railway Limited (USA) (NYSE:CP) to gather more data points.

Follow Chipotle Mexican Grill Inc (NYSE:CMG)
Trade (NYSE:CMG) Now!

In the financial world there are numerous metrics market participants put to use to size up publicly traded companies. A pair of the most innovative metrics is composed of hedge fund and insider trading sentiment. Our experts have shown that, historically, those who follow the best picks of the top money managers can outclass the market by a solid amount (see the details here).

With all of this in mind, we’re going to review the latest action regarding Chipotle Mexican Grill, Inc. (NYSE:CMG).

What does the smart money think about Chipotle Mexican Grill, Inc. (NYSE:CMG)?

Heading into Q4, a total of 28 of the hedge funds tracked by Insider Monkey were long this stock, a change of -22% from the second quarter. With hedgies’ sentiment swirling, there exists a select group of key hedge fund managers who were boosting their holdings substantially (or already accumulated large positions).

According to publicly available hedge fund and institutional investor holdings data compiled by Insider Monkey, Renaissance Technologies, managed by Jim Simons, holds the most valuable position in Chipotle Mexican Grill, Inc. (NYSE:CMG). Renaissance Technologies has a $345.3 million position in the stock, comprising 0.8% of its 13F portfolio. On Renaissance Technologies’s heels is Citadel Investment Group, managed by Ken Griffin, which holds a $196.4 million position; 0.2% of its 13F portfolio is allocated to the company. Remaining professional money managers that are bullish encompass Ken Griffin’s Citadel Investment Group, and Matthew Hulsizer’s PEAK6 Capital Management.

Page 1 of 2

Biotech Stock Alert - 20% Guaranteed Return in One Year

Hedge Funds and Insiders Are Piling Into

One of 2015's best hedge funds and two insiders snapped up shares of this medical device stock recently. We believe its transformative and disruptive device will storm the $3+ billion market and help it achieve 500%-1000% gains in 3 years.

Get your FREE REPORT and the details of our 20% return guarantee today.

Subscribe me to Insider Monkey's Free Daily Newsletter
This is a FREE report from Insider Monkey. Credit Card is NOT required.
Loading Comments...
X

Thanks! An email with instructions is sent to !

Your email already exists in our database. Click here to go to your subscriptions

Insider Monkey returned 102% in 3 years!! Wondering How?

Download a complete edition of our newsletter for free!