Brown Advisory Inc. boosted its stake in shares of Chipotle Mexican Grill Inc. (NYSE:CMG) by 19.2% during the second quarter, Holdings Channel reports. The institutional investor owned 6,503 shares of the company’s stock after buying an additional 1,049 shares during the period. Brown Advisory Inc.’s holdings in Chipotle Mexican Grill were worth $2,620,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Ruane Cunniff & Goldfarb Inc. boosted its position in 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. Norges Bank purchased a new position in Chipotle Mexican Grill during the fourth quarter valued at $115,041,000. TIAA CREF Investment Management LLC boosted its position in 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. Emerald Acquisition Ltd. purchased a new position in Chipotle Mexican Grill during the second quarter valued at $48,819,000. Finally, Tobam boosted its position in Chipotle Mexican Grill by 117.7% in the first quarter. Tobam now owns 167,055 shares of the company’s stock valued at $78,678,000 after buying an additional 90,319 shares in the last quarter. 96.65% of the stock is owned by institutional investors and hedge funds.

Chipotle Mexican Grill Inc. (NYSE:CMG) traded up 1.934% on Thursday, hitting $407.481. The stock had a trading volume of 224,689 shares. The company has a market capitalization of $11.86 billion, a price-to-earnings ratio of 58.706 and a beta of 0.59. The firm has a 50-day moving average of $407.99 and a 200 day moving average of $431.52. Chipotle Mexican Grill Inc. has a 52 week low of $384.77 and a 52 week high of $757.00.

Chipotle Mexican Grill (NYSE:CMG) last announced its quarterly earnings data on Thursday, July 21st. The company reported $0.87 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.93 by $0.06. The company had revenue of $998.40 million for the quarter, compared to analysts’ expectations of $1.06 billion. Chipotle Mexican Grill had a net margin of 5.24% and a return on equity of 11.22%. On average, analysts predict that Chipotle Mexican Grill Inc. will post $0.24 earnings per share for the current year.

CMG has been the subject of several analyst reports. Vetr raised shares of Chipotle Mexican Grill from a “buy” rating to a “strong-buy” rating and set a $446.39 target price for the company in a research note on Tuesday, August 9th. Goldman Sachs Group Inc. reaffirmed a “neutral” rating and set a $490.00 price target (down previously from $500.00) on shares of Chipotle Mexican Grill in a report on Thursday, June 23rd. Morgan Stanley reaffirmed a “hold” rating and set a $405.00 price target on shares of Chipotle Mexican Grill in a report on Thursday, August 18th. BTIG Research reaffirmed a “neutral” rating on shares of Chipotle Mexican Grill in a report on Sunday, July 24th. Finally, Credit Suisse Group AG reaffirmed a “buy” rating and set a $500.00 price target on shares of Chipotle Mexican Grill in a report on Tuesday, June 21st. Seven analysts have rated the stock with a sell rating, nineteen have given a hold rating and fifteen have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price 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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