Marcus Capital LLC cut its position in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) by 38.0% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 4,525 shares of the restaurant operator’s stock after selling 2,770 shares during the quarter. Chipotle Mexican Grill makes up about 2.0% of Marcus Capital LLC’s investment portfolio, making the stock its 24th largest position. Marcus Capital LLC’s holdings in Chipotle Mexican Grill were worth $1,393,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Korea Investment CORP increased its position in shares of Chipotle Mexican Grill by 140.2% during the 2nd quarter. Korea Investment CORP now owns 269 shares of the restaurant operator’s stock valued at $112,000 after purchasing an additional 157 shares during the last quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA increased its position in shares of 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 valued at $140,000 after purchasing an additional 55 shares during the last quarter. Mercer Capital Advisers Inc. bought a new position in shares of Chipotle Mexican Grill during the 3rd quarter valued at about $183,000. Harbour Capital Advisors LLC increased its position in shares of 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 valued at $199,000 after purchasing an additional 82,533 shares during the last quarter. Finally, Blue Sky Asset Management LLC bought a new position in shares of Chipotle Mexican Grill during the 2nd quarter valued at about $200,000. Hedge funds and other institutional investors own 90.72% of the company’s stock.

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Several brokerages have recently commented on CMG. Canaccord Genuity reiterated a “hold” rating on shares of Chipotle Mexican Grill in a research report on Thursday, November 9th. UBS AG set a $345.00 price objective on Chipotle Mexican Grill and gave the company a “hold” rating in a research report on Thursday, October 26th. Royal Bank Of Canada reiterated a “hold” rating and set a $320.00 price objective on shares of Chipotle Mexican Grill in a research report on Wednesday, October 25th. Credit Suisse Group reduced their price objective on Chipotle Mexican Grill from $320.00 to $275.00 and set a “neutral” rating on the stock in a research report on Wednesday, October 25th. Finally, Nomura reduced their price objective on Chipotle Mexican Grill from $338.00 to $291.00 and set a “neutral” rating on the stock in a research report on Wednesday, October 25th. Eight investment analysts have rated the stock with a sell rating, twenty-two have given a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $356.06.

Chipotle Mexican Grill, Inc. (NYSE CMG) traded up $3.40 during mid-day trading on Wednesday, hitting $280.90. The stock had a trading volume of 984,300 shares, compared to its average volume of 1,169,368. The stock has a market cap of $8,090.00, a P/E ratio of 47.86, a P/E/G ratio of 2.39 and a beta of 0.44. Chipotle Mexican Grill, Inc. has a 52-week low of $263.00 and a 52-week high of $499.00.

Chipotle Mexican Grill (NYSE:CMG) last released its quarterly earnings results on Tuesday, October 24th. The restaurant operator reported $1.33 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $2.24 by ($0.91). The firm had revenue of $1.13 billion during 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 business’s quarterly revenue was up 8.8% on a year-over-year basis. During the same quarter last year, the business earned $0.56 earnings per share. research analysts forecast that Chipotle Mexican Grill, Inc. will post 6.64 earnings per share for the current year.

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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