CIBC Asset Management Inc raised its position in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) by 1.1% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 3,453 shares of the restaurant operator’s stock after buying an additional 36 shares during the period. CIBC Asset Management Inc’s holdings in Chipotle Mexican Grill were worth $1,437,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of the stock. Covenant Asset Management LLC raised its position in Chipotle Mexican Grill by 0.5% in the second quarter. Covenant Asset Management LLC now owns 2,187 shares of the restaurant operator’s stock worth $910,000 after buying an additional 10 shares during the period. Eqis Capital Management Inc. raised its position in Chipotle Mexican Grill by 0.6% in the first quarter. Eqis Capital Management Inc. now owns 1,730 shares of the restaurant operator’s stock worth $771,000 after buying an additional 11 shares during the period. Pacer Advisors Inc. raised its position in Chipotle Mexican Grill by 2.4% in the first quarter. Pacer Advisors Inc. now owns 469 shares of the restaurant operator’s stock worth $209,000 after buying an additional 11 shares during the period. Capital Analysts LLC raised its position in Chipotle Mexican Grill by 2.9% in the first quarter. Capital Analysts LLC now owns 427 shares of the restaurant operator’s stock worth $190,000 after buying an additional 12 shares during the period. Finally, Mn Services Vermogensbeheer B.V. raised its position in Chipotle Mexican Grill by 2.0% in the first quarter. Mn Services Vermogensbeheer B.V. now owns 774 shares of the restaurant operator’s stock worth $322,000 after buying an additional 15 shares during the period. 97.27% of the stock is owned by hedge funds and other institutional investors.

Shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) opened at 322.65 on Friday. The stock’s 50 day moving average price is $377.23 and its 200-day moving average price is $427.75. Chipotle Mexican Grill, Inc. has a 52 week low of $322.30 and a 52 week high of $499.00. The stock has a market cap of $9.20 billion, a price-to-earnings ratio of 69.36 and a beta of 0.62.

Chipotle Mexican Grill (NYSE:CMG) last released its quarterly earnings data on Tuesday, July 25th. The restaurant operator reported $2.32 EPS for the quarter, beating analysts’ consensus estimates 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 for the quarter, compared to the consensus estimate of $1.19 billion. During the same quarter in the prior year, the business posted $0.87 EPS. The business’s revenue for the quarter was up 17.1% on a year-over-year basis. Equities analysts anticipate that Chipotle Mexican Grill, Inc. will post $7.73 earnings per share for the current fiscal year.

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A number of research analysts recently weighed in on the stock. Barclays PLC raised their target price on shares of Chipotle Mexican Grill from $395.00 to $415.00 and gave the company an “equal weight” rating in a report on Wednesday, April 26th. Cowen and Company raised their target price on shares of Chipotle Mexican Grill from $375.00 to $440.00 and gave the company a “market perform” rating in a report on Wednesday, April 26th. J P Morgan Chase & Co raised their target price on shares of Chipotle Mexican Grill from $365.00 to $420.00 and gave the company a “neutral” rating in a report on Wednesday, April 26th. Vetr raised shares of Chipotle Mexican Grill from a “sell” rating to a “hold” rating and set a $493.69 target price for the company in a report on Monday, May 15th. Finally, UBS Group AG cut their target price on shares of Chipotle Mexican Grill from $460.00 to $445.00 and set a “neutral” rating for the company in a report on Tuesday, June 27th. 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. The stock 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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