Private Advisor Group LLC lowered its holdings in Chipotle Mexican Grill, Inc. (NYSE:CMG) by 58.4% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,468 shares of the restaurant operator’s stock after selling 2,061 shares during the quarter. Private Advisor Group LLC’s holdings in Chipotle Mexican Grill were worth $598,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of CMG. Nationwide Fund Advisors raised its position in Chipotle Mexican Grill by 1.4% in the first quarter. Nationwide Fund Advisors now owns 8,077 shares of the restaurant operator’s stock valued at $3,598,000 after purchasing an additional 112 shares during the period. Canada Pension Plan Investment Board raised its position in Chipotle Mexican Grill by 59.2% in the first quarter. Canada Pension Plan Investment Board now owns 3,518 shares of the restaurant operator’s stock valued at $1,567,000 after purchasing an additional 1,308 shares during the period. DekaBank Deutsche Girozentrale raised its position in Chipotle Mexican Grill by 68.8% in the first quarter. DekaBank Deutsche Girozentrale now owns 2,249 shares of the restaurant operator’s stock valued at $1,034,000 after purchasing an additional 917 shares during the period. Comerica Bank raised its position in Chipotle Mexican Grill by 1.9% in the first quarter. Comerica Bank now owns 7,702 shares of the restaurant operator’s stock valued at $3,712,000 after purchasing an additional 141 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its position in Chipotle Mexican Grill by 0.4% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,979 shares of the restaurant operator’s stock valued at $2,218,000 after purchasing an additional 20 shares during the period. Institutional investors own 90.32% of the company’s stock.

Shares of Chipotle Mexican Grill, Inc. (CMG) opened at 310.45 on Friday. Chipotle Mexican Grill, Inc. has a 1-year low of $296.00 and a 1-year high of $499.00. The firm’s 50-day moving average price is $321.69 and its 200 day moving average price is $409.83. The stock has a market capitalization of $8.85 billion, a P/E ratio of 66.73 and a beta of 0.64.

Chipotle Mexican Grill (NYSE:CMG) last issued its earnings results on Tuesday, July 25th. The restaurant operator reported $2.32 EPS for the quarter, beating the Zacks’ 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 company 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 earnings per share. Chipotle Mexican Grill’s quarterly revenue was up 17.1% compared to the same quarter last year. Analysts expect that Chipotle Mexican Grill, Inc. will post $7.60 EPS for the current fiscal year.

Several equities research analysts recently issued reports on CMG shares. Vetr upgraded Chipotle Mexican Grill from a “hold” rating to a “buy” rating and set a $498.87 price objective on the stock in a report on Tuesday, May 30th. Raymond James Financial, Inc. reiterated an “underperform” rating on shares of Chipotle Mexican Grill in a report on Tuesday, June 20th. Deutsche Bank AG reiterated a “sell” rating and issued a $350.00 price objective (up previously from $300.00) on shares of Chipotle Mexican Grill in a report on Monday, July 10th. Robert W. Baird reiterated a “hold” rating and issued a $385.00 price objective on shares of Chipotle Mexican Grill in a report on Friday, September 1st. Finally, Wells Fargo & Company reiterated a “market perform” rating and issued a $470.00 price objective on shares of Chipotle Mexican Grill in a report on Friday, July 14th. Six equities research analysts have rated the stock with a sell rating, twenty-three have issued a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Chipotle Mexican Grill presently has an average rating of “Hold” and a consensus price target 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.

Institutional Ownership by Quarter for Chipotle Mexican Grill (NYSE:CMG)

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