Seven Bridges Advisors LLC lowered its stake in Chipotle Mexican Grill, Inc. (NYSE:CMG) by 3.8% during the second quarter, Holdings Channel reports. The institutional investor owned 714 shares of the restaurant operator’s stock after selling 28 shares during the period. Seven Bridges Advisors LLC’s holdings in Chipotle Mexican Grill were worth $297,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of the company. Hussman Strategic Advisors Inc. bought a new stake in shares of Chipotle Mexican Grill during the second quarter valued at $3,121,000. Cullen Frost Bankers Inc. bought a new stake in shares of Chipotle Mexican Grill during the second quarter valued at $216,000. Camelot Portfolios LLC increased its stake 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 valued at $879,000 after buying an additional 100 shares in the last quarter. Cambridge Trust Co. bought a new stake in shares of Chipotle Mexican Grill during the second quarter valued at $6,573,000. Finally, IFP Advisors Inc increased its stake 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 valued at $261,000 after buying an additional 67 shares in the last quarter. 97.27% of the stock is owned by hedge funds and other institutional investors.

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

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

TRADEMARK VIOLATION NOTICE: “Seven Bridges Advisors LLC Sells 28 Shares of Chipotle Mexican Grill, Inc. (CMG)” was first reported by Daily Political and is the property of of Daily Political. If you are accessing this piece on another site, it was stolen and republished in violation of U.S. & international trademark and copyright law. The legal version of this piece can be viewed at https://www.dailypolitical.com/2017/08/09/seven-bridges-advisors-llc-sells-28-shares-of-chipotle-mexican-grill-inc-cmg.html.

Several brokerages recently weighed in on CMG. Zacks Investment Research raised Chipotle Mexican Grill from a “sell” rating to a “hold” rating in a report on Friday, August 4th. UBS AG set a $380.00 price target on Chipotle Mexican Grill and gave the stock a “hold” rating in a report on Tuesday, August 1st. Cowen and Company reaffirmed a “hold” rating and set a $370.00 price target on shares of Chipotle Mexican Grill in a report on Friday, July 28th. Maxim Group reaffirmed a “buy” rating and set a $435.00 price target (down from $470.00) on shares of Chipotle Mexican Grill in a report on Wednesday, July 26th. Finally, Morgan Stanley reaffirmed an “equal weight” rating and set a $380.00 price target (down from $445.00) on shares of Chipotle Mexican Grill in a report on Wednesday, July 26th. Seven analysts have rated the stock with a sell rating, twenty-three have given a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company. The company has a consensus 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.

Want to see what other hedge funds are holding CMG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Chipotle Mexican Grill, Inc. (NYSE:CMG).

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

Receive News & Ratings for Chipotle Mexican Grill Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Chipotle Mexican Grill Inc. and related companies with MarketBeat.com's FREE daily email newsletter.