Stratos Wealth Partners LTD. boosted its stake in Chipotle Mexican Grill, Inc. (NYSE:CMG) by 49.8% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 918 shares of the restaurant operator’s stock after buying an additional 305 shares during the period. Stratos Wealth Partners LTD.’s holdings in Chipotle Mexican Grill were worth $382,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the company. FNY Managed Accounts LLC purchased a new position in shares of Chipotle Mexican Grill during the first quarter valued at about $107,000. Harbour Capital Advisors LLC purchased a new position in shares of Chipotle Mexican Grill during the first quarter valued at about $121,000. OLD Mutual Customised Solutions Proprietary Ltd. boosted its position in shares of 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 valued at $164,000 after buying an additional 169 shares during the last quarter. Van ECK Associates Corp boosted its position in shares of Chipotle Mexican Grill by 6.7% in the first quarter. Van ECK Associates Corp now owns 398 shares of the restaurant operator’s stock valued at $177,000 after buying an additional 25 shares during the last quarter. Finally, Sphera Funds Management LTD. purchased a new position in shares of Chipotle Mexican Grill during the first quarter valued at about $178,000. 97.27% of the stock is currently owned by institutional investors and hedge funds.

Shares of Chipotle Mexican Grill, Inc. (NYSE 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 market cap of $9.51 billion, a PE ratio of 71.72 and a beta of 0.62. The company 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 quarterly earnings data on Tuesday, July 25th. The restaurant operator reported $2.32 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ 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 firm had revenue of $1.17 billion during the quarter, compared to the consensus estimate of $1.19 billion. During the same period in the previous year, the firm posted $0.87 EPS. The company’s quarterly revenue was up 17.1% compared to the same quarter last year. On average, analysts forecast that Chipotle Mexican Grill, Inc. will post $7.73 earnings per share for the current fiscal year.

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CMG has been the topic of several research reports. Nomura dropped their target price on Chipotle Mexican Grill from $510.00 to $480.00 in a research report on Tuesday, June 20th. Buckingham Research reissued a “buy” rating and issued a $547.00 target price on shares of Chipotle Mexican Grill in a research report on Tuesday, April 25th. SunTrust Banks, Inc. raised their target price on Chipotle Mexican Grill from $500.00 to $550.00 and gave the stock a “buy” rating in a research report on Wednesday, April 26th. Argus raised Chipotle Mexican Grill from a “hold” rating to a “buy” rating and raised their price objective for the stock from $447.88 to $550.00 in a research note on Thursday, May 25th. Finally, Vetr raised Chipotle Mexican Grill from a “hold” rating to a “buy” rating and set a $498.87 price objective on the stock in a research note on Tuesday, May 30th. Seven research 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 issued a strong buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target 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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