APG Asset Management N.V. boosted its position in Chipotle Mexican Grill, Inc. (NYSE:CMG) by 255.5% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 277,125 shares of the restaurant operator’s stock after buying an additional 199,170 shares during the period. APG Asset Management N.V. owned approximately 0.97% of Chipotle Mexican Grill worth $115,312,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of CMG. Vanguard Group Inc. raised its stake in Chipotle Mexican Grill by 2.6% in the first quarter. Vanguard Group Inc. now owns 2,719,423 shares of the restaurant operator’s stock worth $1,211,558,000 after buying an additional 69,007 shares in the last quarter. BlackRock Inc. raised its stake in Chipotle Mexican Grill by 3,309.6% in the first quarter. BlackRock Inc. now owns 2,424,479 shares of the restaurant operator’s stock worth $1,080,155,000 after buying an additional 2,353,372 shares in the last quarter. State Street Corp raised its stake in Chipotle Mexican Grill by 3.7% in the first quarter. State Street Corp now owns 1,237,517 shares of the restaurant operator’s stock worth $551,348,000 after buying an additional 44,694 shares in the last quarter. Clearbridge Investments LLC raised its stake in Chipotle Mexican Grill by 13.7% in the first quarter. Clearbridge Investments LLC now owns 359,366 shares of the restaurant operator’s stock worth $160,105,000 after buying an additional 43,396 shares in the last quarter. Finally, American Century Companies Inc. raised its stake in Chipotle Mexican Grill by 26.5% in the first quarter. American Century Companies Inc. now owns 352,826 shares of the restaurant operator’s stock worth $157,191,000 after buying an additional 73,914 shares in the last quarter. Institutional investors own 95.71% of the company’s stock.

Shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) traded up 1.31% during trading on Tuesday, reaching $344.43. 609,077 shares of the company traded hands. The stock has a market capitalization of $9.87 billion, a PE ratio of 106.54 and a beta of 0.64. Chipotle Mexican Grill, Inc. has a 52 week low of $336.52 and a 52 week high of $499.00. The firm has a 50 day moving average of $419.18 and a 200 day moving average of $434.34.

Chipotle Mexican Grill (NYSE:CMG) last issued its earnings results on Tuesday, April 25th. The restaurant operator reported $1.60 EPS for the quarter, topping analysts’ consensus estimates of $1.28 by $0.32. Chipotle Mexican Grill had a net margin of 2.31% and a return on equity of 7.72%. The company had revenue of $1.07 billion for the quarter, compared to the consensus estimate of $1.05 billion. During the same period in the previous year, the firm earned ($0.88) earnings per share. Chipotle Mexican Grill’s quarterly revenue was up 28.1% compared to the same quarter last year. On average, equities analysts predict that Chipotle Mexican Grill, Inc. will post $7.96 EPS for the current year.

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CMG has been the subject of a number of analyst reports. SunTrust Banks, Inc. increased their target price on shares of Chipotle Mexican Grill from $500.00 to $550.00 and gave the stock a “buy” rating in a report on Wednesday, April 26th. Mizuho reiterated a “buy” rating and set a $533.00 target price on shares of Chipotle Mexican Grill in a report on Wednesday, June 21st. Oppenheimer Holdings, Inc. reiterated a “market perform” rating on shares of Chipotle Mexican Grill in a report on Wednesday, July 12th. Standpoint Research started coverage on shares of Chipotle Mexican Grill in a report on Wednesday, April 19th. They set a “sell” rating and a $420.00 target price for the company. Finally, Maxim Group restated a “hold” rating and issued a $440.00 price objective on shares of Chipotle Mexican Grill in a report on Tuesday, June 20th. Nine investment analysts have rated the stock with a sell rating, nineteen have assigned a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $423.38.

About Chipotle Mexican Grill

Chipotle Mexican Grill, Inc (Chipotle), 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. As of December 31, 2016, the Company managed its operations and restaurants based on 11 regions.

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

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