National Asset Management Inc. lifted its position in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) by 35.5% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 656 shares of the restaurant operator’s stock after acquiring an additional 172 shares during the period. National Asset Management Inc.’s holdings in Chipotle Mexican Grill were worth $274,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the stock. Principal Financial Group Inc. grew its stake in Chipotle Mexican Grill by 0.8% during the 1st quarter. Principal Financial Group Inc. now owns 41,815 shares of the restaurant operator’s stock worth $18,629,000 after buying an additional 331 shares during the last quarter. Teachers Advisors LLC grew its stake in Chipotle Mexican Grill by 2.6% during the 1st quarter. Teachers Advisors LLC now owns 67,991 shares of the restaurant operator’s stock worth $30,291,000 after buying an additional 1,692 shares during the last quarter. Thrivent Financial For Lutherans grew its stake in Chipotle Mexican Grill by 0.6% during the 1st quarter. Thrivent Financial For Lutherans now owns 12,000 shares of the restaurant operator’s stock worth $5,346,000 after buying an additional 70 shares during the last quarter. Edmond DE Rothschild Holding S.A. grew its stake in Chipotle Mexican Grill by 40.0% during the 1st quarter. Edmond DE Rothschild Holding S.A. now owns 420 shares of the restaurant operator’s stock worth $187,000 after buying an additional 120 shares during the last quarter. Finally, Logan Capital Management Inc. bought a new position in Chipotle Mexican Grill during the 1st quarter worth $200,000. 90.06% of the stock is currently owned by institutional investors and hedge funds.

Shares of Chipotle Mexican Grill, Inc. (NYSE CMG) traded up 1.4545% on Tuesday, reaching $325.0501. The company’s stock had a trading volume of 139,370 shares. Chipotle Mexican Grill, Inc. has a 1-year low of $295.11 and a 1-year high of $499.00. The company’s 50 day moving average is $311.38 and its 200-day moving average is $394.47. The stock has a market cap of $9.27 billion, a PE ratio of 69.8732 and a beta of 0.60.

Chipotle Mexican Grill (NYSE:CMG) last posted its earnings results on Tuesday, July 25th. The restaurant operator reported $2.32 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $2.16 by $0.16. The firm had revenue of $1.17 billion for the quarter, compared to analyst estimates 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 for the quarter was up 17.1% on a year-over-year basis. During the same period in the previous year, the company posted $0.87 earnings per share. On average, equities analysts predict that Chipotle Mexican Grill, Inc. will post $7.45 earnings per share for the current fiscal year.

ILLEGAL ACTIVITY NOTICE: This report was reported by Daily Political and is the property of of Daily Political. If you are reading this report on another website, it was illegally stolen and republished in violation of U.S. & international copyright law. The correct version of this report can be read at https://www.dailypolitical.com/2017/10/17/national-asset-management-inc-boosts-position-in-chipotle-mexican-grill-inc-cmg.html.

CMG has been the subject of a number of recent research reports. SunTrust Banks, Inc. restated a “buy” rating and set a $505.00 price objective (down from $520.00) on shares of Chipotle Mexican Grill in a research note on Wednesday, July 26th. Wedbush downgraded Chipotle Mexican Grill from an “outperform” rating to a “market perform” rating and lowered their price objective for the stock from $470.00 to $370.00 in a research note on Friday, July 21st. Maxim Group upgraded Chipotle Mexican Grill from a “hold” rating to a “buy” rating and upped their price objective for the stock from $440.00 to $470.00 in a research note on Tuesday, July 18th. Cowen and Company downgraded Chipotle Mexican Grill from a “market perform” rating to an “underperform” rating and lowered their price objective for the stock from $370.00 to $250.00 in a research note on Friday, September 8th. Finally, Mizuho restated a “buy” rating and set a $450.00 price objective on shares of Chipotle Mexican Grill in a research note on Saturday, September 23rd. Seven analysts have rated the stock with a sell rating, twenty-three have given a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Chipotle Mexican Grill currently has an average rating of “Hold” and an average target price of $392.13.

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.

Want to see what other hedge funds are holding CMG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Chipotle Mexican Grill, Inc. (NYSE:CMG).

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

Receive News & Ratings for Chipotle Mexican Grill Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Chipotle Mexican Grill Inc. and related companies with MarketBeat.com's FREE daily email newsletter.