Bp Plc held its position in Chipotle Mexican Grill, Inc. (NYSE:CMG) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 9,000 shares of the restaurant operator’s stock at the end of the second quarter. Bp Plc’s holdings in Chipotle Mexican Grill were worth $3,745,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in CMG. Hussman Strategic Advisors Inc. bought a new position in shares of Chipotle Mexican Grill during the second quarter worth approximately $3,121,000. Cullen Frost Bankers Inc. bought a new position in shares of Chipotle Mexican Grill during the second quarter worth approximately $216,000. Camelot Portfolios LLC raised its position in shares of Chipotle Mexican Grill by 5.0% in the second quarter. Camelot Portfolios LLC now owns 2,112 shares of the restaurant operator’s stock worth $879,000 after buying an additional 100 shares in the last quarter. Cambridge Trust Co. bought a new position in shares of Chipotle Mexican Grill during the second quarter worth approximately $6,573,000. Finally, IFP Advisors Inc raised its position in shares of Chipotle Mexican Grill by 12.0% in the second quarter. IFP Advisors Inc now owns 627 shares of the restaurant operator’s stock worth $261,000 after buying an additional 67 shares in the last quarter. 97.27% of the stock is owned by institutional investors and hedge funds.

Shares of Chipotle Mexican Grill, Inc. (CMG) opened at 333.64 on Wednesday. Chipotle Mexican Grill, Inc. has a 12-month low of $332.34 and a 12-month high of $499.00. The firm has a 50-day moving average of $389.31 and a 200 day moving average of $429.89. The firm has a market capitalization of $9.51 billion, a price-to-earnings ratio of 71.72 and a beta of 0.62.

Chipotle Mexican Grill (NYSE:CMG) last posted its earnings results on Tuesday, July 25th. The restaurant operator reported $2.32 earnings per share for the quarter, topping the Zacks’ consensus estimate of $2.16 by $0.16. Chipotle Mexican Grill had a net margin of 3.17% and a return on equity of 10.65%. The firm had revenue of $1.17 billion for the quarter, compared to analyst estimates of $1.19 billion. During the same period in the previous year, the firm posted $0.87 EPS. The company’s revenue for the quarter was up 17.1% compared to the same quarter last year. On average, equities research analysts expect that Chipotle Mexican Grill, Inc. will post $7.73 earnings per share for the current year.

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CMG has been the subject of a number of research analyst reports. Nomura cut their price objective on shares of Chipotle Mexican Grill from $510.00 to $480.00 in a research report on Tuesday, June 20th. Buckingham Research reaffirmed a “buy” rating and set a $547.00 price objective on shares of Chipotle Mexican Grill in a research report on Tuesday, April 25th. SunTrust Banks, Inc. upped their price objective on shares of Chipotle Mexican Grill from $500.00 to $550.00 and gave the company a “buy” rating in a research report on Wednesday, April 26th. Argus raised shares of Chipotle Mexican Grill from a “hold” rating to a “buy” rating and upped their price objective for the company from $447.88 to $550.00 in a research report on Thursday, May 25th. Finally, Vetr raised shares of Chipotle Mexican Grill from a “hold” rating to a “buy” rating and set a $498.87 price objective for the company in a research report on Tuesday, May 30th. Seven analysts have rated the stock with a sell rating, twenty-three have assigned a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $405.15.

Chipotle Mexican Grill Company Profile

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.

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

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