Tufton Capital Management acquired a new stake in Chipotle Mexican Grill Inc. (NYSE:CMG) during the second quarter, Holdings Channel reports. The institutional investor acquired 499 shares of the company’s stock, valued at approximately $201,000.

Other hedge funds have also made changes to their positions in the company. Ruane Cunniff & Goldfarb Inc. increased its stake in shares of Chipotle Mexican Grill by 522.5% in the second quarter. Ruane Cunniff & Goldfarb Inc. now owns 584,367 shares of the company’s stock valued at $235,360,000 after buying an additional 490,487 shares in the last quarter. BlackRock Fund Advisors increased its stake in shares of Chipotle Mexican Grill by 1.7% in the first quarter. BlackRock Fund Advisors now owns 573,551 shares of the company’s stock valued at $270,125,000 after buying an additional 9,848 shares in the last quarter. Marsico Capital Management LLC increased its stake in shares of Chipotle Mexican Grill by 2.0% in the first quarter. Marsico Capital Management LLC now owns 372,629 shares of the company’s stock valued at $175,497,000 after buying an additional 7,248 shares in the last quarter. TIAA CREF Investment Management LLC increased its stake in shares of Chipotle Mexican Grill by 156.0% in the first quarter. TIAA CREF Investment Management LLC now owns 365,211 shares of the company’s stock valued at $172,003,000 after buying an additional 222,537 shares in the last quarter. Finally, Geode Capital Management LLC increased its stake in shares of Chipotle Mexican Grill by 3.7% in the first quarter. Geode Capital Management LLC now owns 261,402 shares of the company’s stock valued at $122,878,000 after buying an additional 9,315 shares in the last quarter. Institutional investors and hedge funds own 96.65% of the company’s stock.

Chipotle Mexican Grill Inc. (NYSE:CMG) traded up 2.60% during trading on Thursday, reaching $410.16. The company had a trading volume of 959,432 shares. The firm has a market capitalization of $11.94 billion, a P/E ratio of 59.09 and a beta of 0.59. Chipotle Mexican Grill Inc. has a one year low of $384.77 and a one year high of $757.00. The firm’s 50-day moving average price is $408.20 and its 200 day moving average price is $431.37.

Chipotle Mexican Grill (NYSE:CMG) last released its quarterly earnings data on Thursday, July 21st. The company reported $0.87 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.93 by $0.06. The business earned $998.40 million during the quarter, compared to the consensus estimate of $1.06 billion. Chipotle Mexican Grill had a net margin of 5.24% and a return on equity of 11.22%. Equities analysts forecast that Chipotle Mexican Grill Inc. will post $3.74 earnings per share for the current fiscal year.

Several analysts recently weighed in on CMG shares. Telsey Advisory Group downgraded Chipotle Mexican Grill from an “outperform” rating to a “market perform” rating and set a $555.00 price objective for the company. in a research report on Wednesday, June 1st. BTIG Research reiterated a “neutral” rating on shares of Chipotle Mexican Grill in a research report on Wednesday, June 29th. Vetr upgraded Chipotle Mexican Grill from a “buy” rating to a “strong-buy” rating and set a $463.15 target price for the company in a research report on Monday, June 13th. Piper Jaffray Cos. reiterated an “overweight” rating and issued a $590.00 target price on shares of Chipotle Mexican Grill in a research report on Tuesday, July 26th. Finally, Barclays PLC reiterated an “equal weight” rating and issued a $395.00 target price on shares of Chipotle Mexican Grill in a research report on Thursday, September 8th. Seven research analysts have rated the stock with a sell rating, nineteen have assigned a hold rating and fifteen have given a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $480.36.

About Chipotle Mexican Grill

Chipotle Mexican Grill, Inc, together with its subsidiaries operates Chipotle Mexican Grill restaurants. The Company’s Chipotle Mexican Grill restaurants serve a menu of burritos, tacos, burrito bowls (a burrito without the tortilla) and salads. The Company operates approximately 1,970 Chipotle restaurants throughout the United States, over 10 in Canada, seven in England, four in France and one in Germany.

5 Day Chart for NYSE:CMG

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