Yum! Brands, Inc. (YUM) and Jack in the Box Inc. (JACK) Among Hedge Funds’ Top Restaurant Picks On Fire

A total of 37 hedge funds held shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) in their portfolios with the aggregate investment amounting to $1.15 billion as compared to 35 firms with $1.22 billion at the end of the fourth quarter. Although up by nearly 19% over the year, the stock has slid by about 9.5% year-to-date. Chipotle Mexican Grill, Inc. (NYSE:CMG) has been upgraded earlier this month by BMO Capital Markets to ‘Outperform’ from ‘Market Perform’  with the price target increased to $760 from $693. Donald Chiboucis‘ Columbus Circle Investors holds nearly 219,800 shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) valued at $142.99 million.

Jack in the Box Inc. (NASDAQ:JACK) occupied the fifth spot as 35 hedge funds held $367.64 million in the company, as opposed to 36 firms with $333.41 million in the previous quarter. The stock is up by 8.2% so far this year and a hefty 53.7% over the last 52 weeks. Israel Englander’s Millennium Management upped its stake in Jack in the Box Inc. (NASDAQ:JACK) by 99%, during the first quarter, to 583.14 shares, valued at $55.94 million.

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