Principal Financial Group Inc. lifted its position in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) by 196.5% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 267,881 shares of the restaurant operator’s stock after acquiring an additional 177,530 shares during the quarter. Principal Financial Group Inc. owned approximately 0.94% of Chipotle Mexican Grill worth $82,462,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Korea Investment CORP lifted its holdings in Chipotle Mexican Grill by 140.2% during the 2nd quarter. Korea Investment CORP now owns 269 shares of the restaurant operator’s stock worth $112,000 after buying an additional 157 shares during the period. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA lifted its holdings in Chipotle Mexican Grill by 15.7% during the 2nd quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 406 shares of the restaurant operator’s stock worth $140,000 after buying an additional 55 shares during the period. Mercer Capital Advisers Inc. acquired a new position in Chipotle Mexican Grill during the 3rd quarter worth about $183,000. Harbour Capital Advisors LLC lifted its holdings in Chipotle Mexican Grill by 30,455.0% during the 2nd quarter. Harbour Capital Advisors LLC now owns 82,804 shares of the restaurant operator’s stock worth $199,000 after buying an additional 82,533 shares during the period. Finally, Blue Sky Asset Management LLC acquired a new position in Chipotle Mexican Grill during the 2nd quarter worth about $200,000. 90.72% of the stock is currently owned by institutional investors.

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Shares of Chipotle Mexican Grill, Inc. (NYSE CMG) opened at $270.75 on Monday. The stock has a market capitalization of $7,889.69, a price-to-earnings ratio of 48.18, a price-to-earnings-growth ratio of 2.42 and a beta of 0.44. Chipotle Mexican Grill, Inc. has a 12-month low of $264.90 and a 12-month high of $499.00.

Chipotle Mexican Grill (NYSE:CMG) last posted its earnings results on Tuesday, October 24th. The restaurant operator reported $1.33 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.24 by ($0.91). The company had revenue of $1.13 billion for the quarter, compared to analysts’ expectations of $1.14 billion. Chipotle Mexican Grill had a return on equity of 11.80% and a net margin of 3.37%. The company’s revenue was up 8.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.56 EPS. analysts forecast that Chipotle Mexican Grill, Inc. will post 6.59 earnings per share for the current fiscal year.

Several brokerages have commented on CMG. Goldman Sachs Group, Inc. (The) cut their target price on Chipotle Mexican Grill from $440.00 to $375.00 and set a “neutral” rating on the stock in a report on Tuesday, July 25th. Maxim Group reaffirmed a “buy” rating and set a $435.00 target price (down from $470.00) on shares of Chipotle Mexican Grill in a report on Wednesday, July 26th. Cowen and Company reaffirmed a “market perform” rating and set a $440.00 target price on shares of Chipotle Mexican Grill in a report on Friday, July 21st. Credit Suisse Group reaffirmed a “neutral” rating and set a $320.00 target price (down from $335.00) on shares of Chipotle Mexican Grill in a report on Friday, August 25th. Finally, Zacks Investment Research downgraded Chipotle Mexican Grill from a “hold” rating to a “strong sell” rating in a report on Tuesday, September 26th. Eight analysts have rated the stock with a sell rating, twenty-two have issued a hold rating, nine have given a buy rating and one has issued a strong buy rating to the stock. Chipotle Mexican Grill has an average rating of “Hold” and an average price target of $356.06.

Chipotle Mexican Grill Company 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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