Montag & Caldwell LLC acquired a new position in Chipotle Mexican Grill, Inc. (NYSE:CMG) during the second quarter, Holdings Channel reports. The firm acquired 518 shares of the restaurant operator’s stock, valued at approximately $216,000.

A number of other large investors have also made changes to their positions in CMG. Vanguard Group Inc. raised its stake in shares of Chipotle Mexican Grill by 2.6% in the first quarter. Vanguard Group Inc. now owns 2,719,423 shares of the restaurant operator’s stock worth $1,211,558,000 after buying an additional 69,007 shares during the last quarter. BlackRock Inc. raised its stake in shares of Chipotle Mexican Grill by 3,309.6% in the first quarter. BlackRock Inc. now owns 2,424,479 shares of the restaurant operator’s stock worth $1,080,155,000 after buying an additional 2,353,372 shares during the last quarter. State Street Corp raised its stake in shares of Chipotle Mexican Grill by 3.7% in the first quarter. State Street Corp now owns 1,237,517 shares of the restaurant operator’s stock worth $551,348,000 after buying an additional 44,694 shares during the last quarter. Clearbridge Investments LLC raised its stake in shares of Chipotle Mexican Grill by 13.7% in the first quarter. Clearbridge Investments LLC now owns 359,366 shares of the restaurant operator’s stock worth $160,105,000 after buying an additional 43,396 shares during the last quarter. Finally, American Century Companies Inc. raised its stake in shares of Chipotle Mexican Grill by 26.5% in the first quarter. American Century Companies Inc. now owns 352,826 shares of the restaurant operator’s stock worth $157,191,000 after buying an additional 73,914 shares during the last quarter. Hedge funds and other institutional investors own 97.27% of the company’s stock.

Shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) opened at 326.41 on Friday. The company has a 50-day moving average price of $374.53 and a 200 day moving average price of $427.17. The firm has a market cap of $9.31 billion, a price-to-earnings ratio of 70.17 and a beta of 0.62. Chipotle Mexican Grill, Inc. has a 52 week low of $320.01 and a 52 week high of $499.00.

Chipotle Mexican Grill (NYSE:CMG) last issued its earnings results on Tuesday, July 25th. The restaurant operator reported $2.32 earnings per share 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 the consensus estimate of $1.19 billion. Chipotle Mexican Grill had a return on equity of 10.65% and a net margin of 3.17%. The company’s revenue was up 17.1% compared to the same quarter last year. During the same quarter last year, the business posted $0.87 EPS. Analysts expect that Chipotle Mexican Grill, Inc. will post $7.73 EPS for the current fiscal year.

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CMG has been the subject of a number of research reports. SunTrust Banks, Inc. raised their price objective 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. Mizuho restated a “buy” rating and set a $533.00 price objective on shares of Chipotle Mexican Grill in a research report on Wednesday, June 21st. Oppenheimer Holdings, Inc. restated a “market perform” rating on shares of Chipotle Mexican Grill in a research report on Wednesday, July 12th. Standpoint Research initiated coverage on Chipotle Mexican Grill in a research report on Wednesday, April 19th. They set a “sell” rating and a $420.00 price objective for the company. Finally, Maxim Group restated a “hold” rating and set a $440.00 price objective on shares of Chipotle Mexican Grill in a research report on Tuesday, June 20th. Seven analysts have rated the stock with a sell rating, twenty-three have issued a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target 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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