Stevens Capital Management LP acquired a new position in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 30,800 shares of the restaurant operator’s stock, valued at approximately $12,816,000. Stevens Capital Management LP owned 0.11% of Chipotle Mexican Grill as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of CMG. BlackRock Inc. boosted its holdings 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 acquiring an additional 2,353,372 shares during the period. American Century Companies Inc. boosted its holdings 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 acquiring an additional 210,872 shares during the period. APG Asset Management N.V. boosted its holdings in shares of Chipotle Mexican Grill by 255.5% during the second quarter. APG Asset Management N.V. now owns 277,125 shares of the restaurant operator’s stock worth $115,312,000 after acquiring an additional 199,170 shares during the period. Artisan Partners Limited Partnership bought a new stake in shares of Chipotle Mexican Grill during the first quarter worth approximately $84,334,000. Finally, Columbus Circle Investors bought a new stake in shares of Chipotle Mexican Grill during the second quarter worth approximately $41,893,000. Institutional investors own 90.32% of the company’s stock.

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CMG has been the subject of a number of research analyst reports. Nomura reduced their price objective on Chipotle Mexican Grill from $510.00 to $480.00 in a report on Tuesday, June 20th. Mizuho initiated coverage on Chipotle Mexican Grill in a report on Thursday, June 8th. They set a “buy” rating and a $533.00 price objective for the company. Vetr upgraded Chipotle Mexican Grill from a “hold” rating to a “buy” rating and set a $498.87 price objective for the company in a report on Tuesday, May 30th. Argus upgraded Chipotle Mexican Grill from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $447.88 to $550.00 in a report on Thursday, May 25th. Finally, BMO Capital Markets restated a “buy” rating and set a $550.00 price objective on shares of Chipotle Mexican Grill in a report on Thursday, June 22nd. Six equities research analysts have rated the stock with a sell rating, twenty-three have assigned a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $399.45.

Shares of Chipotle Mexican Grill, Inc. (NYSE CMG) traded up 0.80% during mid-day trading on Friday, reaching $313.09. 1,377,786 shares of the company’s stock were exchanged. Chipotle Mexican Grill, Inc. has a one year low of $296.00 and a one year high of $499.00. The company has a 50 day moving average price of $320.64 and a 200-day moving average price of $409.05. The stock has a market cap of $8.93 billion, a PE ratio of 67.30 and a beta of 0.64.

Chipotle Mexican Grill (NYSE:CMG) last announced its quarterly earnings results on Tuesday, July 25th. The restaurant operator reported $2.32 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.16 by $0.16. The business had revenue of $1.17 billion for the quarter, compared to analyst estimates of $1.19 billion. Chipotle Mexican Grill had a net margin of 3.17% and a return on equity of 10.65%. The company’s revenue was up 17.1% on a year-over-year basis. During the same quarter last year, the firm earned $0.87 EPS. On average, analysts predict that Chipotle Mexican Grill, Inc. will post $7.60 EPS for the current year.

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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