Bill Ackman Stock Portfolio: 3 Top Stock Picks

1. Chipotle Mexican Grill, Inc. (NYSE:CMG)

Number of Hedge Fund Holders: 55    

Chipotle Mexican Grill, Inc. (NYSE:CMG) owns and operates Chipotle Mexican Grill restaurants. At the end of September 2023, Pershing Square owned 953,608 shares in Chipotle Mexican Grill, Inc. (NYSE:CMG) worth $1.7 billion, representing 16.64% of the portfolio. 

On October 30, Deutsche Bank analyst Lauren Silberman maintained a Buy rating on Chipotle Mexican Grill, Inc. (NYSE:CMG) stock and raised the price target to $2,525 from $2,375, noting the firm was rolling up traffic growth. 

At the end of the second quarter of 2023, 55 hedge funds in the database of Insider Monkey held stakes worth $3.5 billion in Chipotle Mexican Grill, Inc. (NYSE:CMG), compared to 47 in the preceding quarter worth $3.3 billion. 

In its Q3 2023 investor letter, Carillon Tower Advisers, an asset management firm, highlighted a few stocks and Chipotle Mexican Grill, Inc. (NYSE:CMG) was one of them. Here is what the fund said:

“Chipotle Mexican Grill, Inc. (NYSE:CMG) owns and operates fast-casual Mexican food restaurants. The stock underperformed as quarterly same-store sales came in slightly below inflated expectations. Despite the market’s reaction, overall fundamentals remain solid with positive traffic growth and provide the company with the ability to raise prices moving forward.”

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