Is the Raised Outlook on Chipotle Pleasing These Top Institutional Shareholders?

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UBS decided to increase its estimates and its price target on Chipotle Mexican Grill (NYSE:CMG) from $310 to $330, but it did not upgrade the stock. The firm kept its Neutral rating on the stock. “An early assessment of our consumer panel analysis through February suggests 1Q SSS growth may fall within the 0 percent to 2 percent range,” the analysts stated. “While this is roughly in line with our 1 percent SSS estimate, this result augurs well for 2013 given 1) weak consumer confidence in 1Q, 2) unfavorable weather, 3) estimated 100bp leap year drag, and 4) potential boost later in 2013 from pricing and catering.”

The firm raised FY13 EPS slightly to $10.35 and FY14 EPS to $12.50, representing growth of 18 percent and 21 percent, respectively.

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These institutional firms indicated owning shares of Chipotle in Q4 2012. They reported owning a total of 37.975 million shares on 12/31/2012. The shares closed at $297.46 on 12/31/2012.

Here are the ten largest positions in Chipotle at the end of December 31, 2012.

T. Rowe Price Associates Inc /MD/ held 3,597,594 shares on 12/31/2012 worth $1,070,140,280. This brought the portfolio total to 0.31 percent.

FMR LLC held 3,097,209 shares on 12/31/2012 worth $921,295,763. This brought the portfolio total to 0.17 percent.

Sands Capital Management LLC held 2,306,224 shares on 12/31/2012 worth $686,009,371. This brought the portfolio total to 2.75 percent.

Goldman Sachs Group Inc held 1,946,121 shares on 12/31/2012 worth $578,893,136. This brought the portfolio total to 0.24 percent.

Vanguard Group Inc held 1,858,156 shares on 12/31/2012 worth $552,727,068. This brought the portfolio total to 0.07 percent.

Jennison Associates LLC held 1,511,899 shares on 12/31/2012 worth $449,729,464. This brought the portfolio total to 0.54 percent.

State Street Corp held 1,304,920 shares on 12/31/2012 worth $388,161,492. This brought the portfolio total to 0.06 percent.

Susquehanna International Group LLP held 1,200,100 shares on 12/31/2012 worth $356,982,000. This brought the portfolio total to 0.08 percent.

Edgewood Management LLC held 1,071,967 shares on 12/31/2012 worth $318,867,295. This brought the portfolio total to 4.79 percent.

Wells Fargo & Company/MN/ held 1,031,169 shares on 12/31/2012 worth $306,731,522. This brought the portfolio total to 0.18 percent.

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