Captrust Financial Advisors purchased a new position in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 2,000 shares of the restaurant operator’s stock, valued at approximately $832,000.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Vanguard Group Inc. raised its position in shares of Chipotle Mexican Grill by 2.6% during the first quarter. Vanguard Group Inc. now owns 2,719,423 shares of the restaurant operator’s stock worth $1,211,558,000 after purchasing an additional 69,007 shares during the period. BlackRock Inc. raised its position in shares of Chipotle Mexican Grill by 3,309.6% during the first quarter. BlackRock Inc. now owns 2,424,479 shares of the restaurant operator’s stock worth $1,080,155,000 after purchasing an additional 2,353,372 shares during the period. State Street Corp raised its position in shares of Chipotle Mexican Grill by 3.7% during the first quarter. State Street Corp now owns 1,237,517 shares of the restaurant operator’s stock worth $551,348,000 after purchasing an additional 44,694 shares during the period. American Century Companies Inc. raised its position in shares of Chipotle Mexican Grill by 59.8% during the second quarter. American Century Companies Inc. now owns 563,698 shares of the restaurant operator’s stock worth $234,555,000 after purchasing an additional 210,872 shares during the period. Finally, Alliancebernstein L.P. raised its position in shares of Chipotle Mexican Grill by 1.5% during the second quarter. Alliancebernstein L.P. now owns 371,270 shares of the restaurant operator’s stock worth $154,485,000 after purchasing an additional 5,412 shares during the period. 90.32% of the stock is currently owned by institutional investors.

Shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) traded down 0.4539% during trading on Thursday, reaching $310.1860. The company’s stock had a trading volume of 258,071 shares. Chipotle Mexican Grill, Inc. has a 52-week low of $296.00 and a 52-week high of $499.00. The stock has a 50-day moving average of $323.61 and a 200-day moving average of $411.26. The stock has a market cap of $8.84 billion, a P/E ratio of 66.6780 and a beta of 0.64.

Chipotle Mexican Grill (NYSE:CMG) last announced its quarterly earnings data on Tuesday, July 25th. The restaurant operator reported $2.32 earnings per share for the quarter, beating the 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 analyst estimates of $1.19 billion. During the same period in the prior year, the company earned $0.87 earnings per share. Chipotle Mexican Grill’s revenue was up 17.1% compared to the same quarter last year. Analysts predict that Chipotle Mexican Grill, Inc. will post $7.60 earnings per share for the current fiscal year.

CMG has been the topic of a number of research analyst reports. SunTrust Banks, Inc. reaffirmed a “buy” rating and set a $505.00 price target (down previously from $520.00) on shares of Chipotle Mexican Grill in a research report on Wednesday, July 26th. Wedbush lowered Chipotle Mexican Grill from an “outperform” rating to a “market perform” rating and dropped their price target for the stock from $470.00 to $370.00 in a research report on Friday, July 21st. Maxim Group raised Chipotle Mexican Grill from a “hold” rating to a “buy” rating and raised their price target for the stock from $440.00 to $470.00 in a research report on Tuesday, July 18th. Oppenheimer Holdings, Inc. reaffirmed a “market perform” rating on shares of Chipotle Mexican Grill in a research report on Wednesday, July 12th. Finally, BidaskClub lowered Chipotle Mexican Grill from a “sell” rating to a “strong sell” rating in a research report on Wednesday, July 12th. Six research analysts have rated the stock with a sell rating, twenty-three have assigned a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $399.45.

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Chipotle Mexican Grill 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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