Exxonmobil Investment Management Inc. TX reduced its position in Chipotle Mexican Grill Inc. (NYSE:CMG) by 1.7% during the third quarter, Holdings Channel reports. The institutional investor owned 7,434 shares of the company’s stock after selling 125 shares during the period. Exxonmobil Investment Management Inc. TX’s holdings in Chipotle Mexican Grill were worth $3,148,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently modified their holdings of the company. Generation Investment Management LLP bought a new stake in shares of Chipotle Mexican Grill during the second quarter worth about $230,936,000. Ruane Cunniff & Goldfarb Inc. raised 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 worth $235,360,000 after buying an additional 490,487 shares during the period. Point72 Asset Management L.P. bought a new stake in shares of Chipotle Mexican Grill during the second quarter worth about $81,768,000. Adage Capital Partners GP L.L.C. raised its stake in shares of Chipotle Mexican Grill by 325.5% in the second quarter. Adage Capital Partners GP L.L.C. now owns 191,110 shares of the company’s stock worth $76,971,000 after buying an additional 146,200 shares during the period. Finally, BlackRock Advisors LLC raised its stake in shares of Chipotle Mexican Grill by 63.6% in the second quarter. BlackRock Advisors LLC now owns 342,178 shares of the company’s stock worth $137,816,000 after buying an additional 132,993 shares during the period. Hedge funds and other institutional investors own 99.89% of the company’s stock.

Institutional Ownership by Quarter for Chipotle Mexican Grill (NYSE:CMG)

Chipotle Mexican Grill Inc. (NYSE:CMG) traded up 0.31% during mid-day trading on Wednesday, reaching $396.33. 905,136 shares of the company’s stock traded hands. The firm has a 50 day moving average of $394.63 and a 200 day moving average of $410.48. Chipotle Mexican Grill Inc. has a 1-year low of $352.96 and a 1-year high of $586.58. The firm has a market cap of $11.47 billion, a PE ratio of 160.07 and a beta of 0.60.

Chipotle Mexican Grill (NYSE:CMG) last released its quarterly earnings results on Tuesday, October 25th. The company reported $0.27 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.59 by $1.32. The company earned $1.04 billion during the quarter, compared to analyst estimates of $13.71 million. Chipotle Mexican Grill had a net margin of 1.94% and a return on equity of 5.46%. The firm’s quarterly revenue was down 14.8% compared to the same quarter last year. During the same quarter last year, the company earned $4.59 EPS. Analysts forecast that Chipotle Mexican Grill Inc. will post $1.58 EPS for the current year.

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A number of equities research analysts have recently issued reports on CMG shares. Vetr upgraded shares of Chipotle Mexican Grill from a “buy” rating to a “strong-buy” rating and set a $446.39 target price on the stock in a research note on Tuesday, August 9th. Wedbush restated an “underperform” rating and issued a $370.00 target price (down previously from $400.00) on shares of Chipotle Mexican Grill in a research note on Monday, October 17th. Morgan Stanley restated a “hold” rating and issued a $405.00 target price on shares of Chipotle Mexican Grill in a research note on Thursday, August 18th. BMO Capital Markets restated a “buy” rating and issued a $550.00 target price on shares of Chipotle Mexican Grill in a research note on Thursday, September 1st. Finally, Guggenheim lowered shares of Chipotle Mexican Grill from a “neutral” rating to a “sell” rating and set a $315.00 target price on the stock. in a research note on Thursday, November 17th. Nine equities research analysts have rated the stock with a sell rating, nineteen have issued a hold rating and twelve have given a buy rating to the company’s stock. Chipotle Mexican Grill currently has a consensus rating of “Hold” and a consensus target price of $448.86.

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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