Chipotle Blowout Quarter Great for T.Rowe Price & Fidelity Investors

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Chipotle Blowout Quarter Great for T.Rowe Price & Fidelity Investors

Jul 22, 2014

Chipotle Mexican Grill (CMG) clobbered earnings estimates by $.42 and reported profits of $3.50 per share in the second quarter. Sales rose 28.6% to $1.05 billion, beating views for $989.55 million, marking the third straight quarter of faster revenue growth.

Mutual Funds to Benefit

T. Rowe Price Growth Stock Fund (PRGFX) owns 707K plus shares, or 2.27% of CMG shares.
T. Rowe Price Blue Chip Growth Fund (TRBCX) owns 521K shares, or 1.68% of CMG shares.

The Fidelity funds are also prominently positioned in shares of Chipotle, with two funds standing out.

Fidelity Contrafund (FCNTX) has the largest position of all mutual funds that own Chipotle shares, owning 1.65M shares or 5.31% of all shares.

Fidelity Growth Company Fund (FDGRX) also owns nearly 320K shares or 1.04% of shares.

Several funds from the Vanguard Family had significant ownership in Chipotle shares as well.

The Bottom Line

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