Corundum Group Inc. maintained its stake in Chipotle Mexican Grill, Inc. (NYSE:CMG) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 500 shares of the restaurant operator’s stock at the end of the second quarter. Corundum Group Inc.’s holdings in Chipotle Mexican Grill were worth $208,000 as of its most recent filing with the SEC.

A number of other large investors have also recently bought and sold shares of CMG. FNY Managed Accounts LLC purchased a new stake in Chipotle Mexican Grill during the first quarter worth approximately $107,000. Korea Investment CORP boosted its stake in Chipotle Mexican Grill by 140.2% in the second quarter. Korea Investment CORP now owns 269 shares of the restaurant operator’s stock worth $112,000 after buying an additional 157 shares during the last quarter. Harbour Capital Advisors LLC purchased a new stake in Chipotle Mexican Grill during the first quarter worth approximately $121,000. OLD Mutual Customised Solutions Proprietary Ltd. boosted its stake in Chipotle Mexican Grill by 84.5% in the first quarter. OLD Mutual Customised Solutions Proprietary Ltd. now owns 369 shares of the restaurant operator’s stock worth $164,000 after buying an additional 169 shares during the last quarter. Finally, Van ECK Associates Corp boosted its stake in Chipotle Mexican Grill by 6.7% in the first quarter. Van ECK Associates Corp now owns 398 shares of the restaurant operator’s stock worth $177,000 after buying an additional 25 shares during the last quarter. 97.27% of the stock is owned by institutional investors.

Chipotle Mexican Grill, Inc. (NYSE CMG) opened at 333.64 on Wednesday. The stock has a market capitalization of $9.51 billion, a P/E ratio of 71.72 and a beta of 0.62. Chipotle Mexican Grill, Inc. has a 1-year low of $332.34 and a 1-year high of $499.00. The stock has a 50 day moving average of $389.31 and a 200 day moving average of $429.89.

Chipotle Mexican Grill (NYSE:CMG) last issued its quarterly earnings data on Tuesday, July 25th. The restaurant operator reported $2.32 EPS for the quarter, beating the Zacks’ consensus estimate of $2.16 by $0.16. The firm had revenue of $1.17 billion for the quarter, compared to analysts’ expectations of $1.19 billion. Chipotle Mexican Grill had a net margin of 3.17% and a return on equity of 10.65%. The firm’s revenue was up 17.1% on a year-over-year basis. During the same period in the prior year, the company earned $0.87 EPS. On average, 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 analyst reports. Nomura decreased their target price on shares of Chipotle Mexican Grill from $510.00 to $480.00 in a research report on Tuesday, June 20th. Buckingham Research reissued a “buy” rating and set a $547.00 target price on shares of Chipotle Mexican Grill in a research report on Tuesday, April 25th. SunTrust Banks, Inc. increased their target price 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 increased their target price 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 target price for the company in a research report on Tuesday, May 30th. Seven investment analysts have rated the stock with a sell rating, twenty-three have issued a hold rating, ten have given a buy rating and one has given a strong buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $405.15.

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.

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

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