Strs Ohio raised its position in Chipotle Mexican Grill, Inc. (NYSE:CMG) by 6.3% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 3,089 shares of the restaurant operator’s stock after buying an additional 184 shares during the period. Strs Ohio’s holdings in Chipotle Mexican Grill were worth $1,285,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of CMG. FNY Managed Accounts LLC acquired a new position in Chipotle Mexican Grill during the first quarter worth approximately $107,000. Harbour Capital Advisors LLC acquired a new position in Chipotle Mexican Grill during the first quarter worth approximately $121,000. OLD Mutual Customised Solutions Proprietary Ltd. increased its position 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 in the last quarter. Van ECK Associates Corp increased its position 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 in the last quarter. Finally, Sphera Funds Management LTD. acquired a new position in Chipotle Mexican Grill during the first quarter worth approximately $178,000. 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 market cap of $9.31 billion, a PE ratio of 70.17 and a beta of 0.62. Chipotle Mexican Grill, Inc. has a 1-year low of $320.01 and a 1-year high of $499.00. The firm’s 50 day moving average is $374.53 and its 200-day moving average is $427.17.

Chipotle Mexican Grill (NYSE:CMG) last announced its quarterly earnings results on Tuesday, July 25th. The restaurant operator reported $2.32 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $2.16 by $0.16. The business had revenue of $1.17 billion during 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 for the quarter was up 17.1% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.87 EPS. Equities 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 recent research reports. Nomura reduced their price objective on shares of Chipotle Mexican Grill from $510.00 to $480.00 in a research note on Tuesday, June 20th. Buckingham Research restated a “buy” rating and set a $547.00 price objective on shares of Chipotle Mexican Grill in a research note on Tuesday, April 25th. SunTrust Banks, Inc. increased their price objective on shares of Chipotle Mexican Grill from $500.00 to $550.00 and gave the stock a “buy” rating in a research note on Wednesday, April 26th. Argus upgraded shares of Chipotle Mexican Grill from a “hold” rating to a “buy” rating and raised their target price for the company from $447.88 to $550.00 in a research note on Thursday, May 25th. Finally, Vetr upgraded 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 note on Tuesday, May 30th. Seven investment 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 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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