Brown Advisory Inc. boosted its holdings in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) by 1.4% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 216,827 shares of the restaurant operator’s stock after buying an additional 3,069 shares during the quarter. Brown Advisory Inc. owned approximately 0.77% of Chipotle Mexican Grill worth $66,745,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of the company. BB&T Securities LLC boosted its holdings in shares of Chipotle Mexican Grill by 15.8% during the third quarter. BB&T Securities LLC now owns 2,669 shares of the restaurant operator’s stock worth $821,000 after acquiring an additional 364 shares during the period. Wells Fargo & Company MN boosted its holdings in shares of Chipotle Mexican Grill by 8.2% during the third quarter. Wells Fargo & Company MN now owns 105,040 shares of the restaurant operator’s stock worth $32,335,000 after acquiring an additional 7,922 shares during the period. BKS Advisors LLC boosted its holdings in shares of Chipotle Mexican Grill by 23.3% during the third quarter. BKS Advisors LLC now owns 1,190 shares of the restaurant operator’s stock worth $366,000 after acquiring an additional 225 shares during the period. Archon Capital Management LLC bought a new stake in shares of Chipotle Mexican Grill during the third quarter worth approximately $7,834,000. Finally, Legal & General Group Plc boosted its holdings in shares of Chipotle Mexican Grill by 2.2% during the third quarter. Legal & General Group Plc now owns 130,058 shares of the restaurant operator’s stock worth $40,038,000 after acquiring an additional 2,860 shares during the period. Institutional investors own 88.74% of the company’s stock.

CMG has been the subject of several recent research reports. Zacks Investment Research upgraded Chipotle Mexican Grill from a “sell” rating to a “hold” rating in a research note on Friday, August 4th. BTIG Research reiterated a “neutral” rating on shares of Chipotle Mexican Grill in a research note on Wednesday, August 16th. Deutsche Bank reiterated a “sell” rating and issued a $250.00 price target (down from $315.00) on shares of Chipotle Mexican Grill in a research note on Tuesday, August 22nd. Stephens upgraded Chipotle Mexican Grill from an “underweight” rating to an “equal weight” rating and cut their target price for the stock from $350.00 to $325.00 in a research note on Thursday, August 24th. Finally, William Blair restated a “buy” rating on shares of Chipotle Mexican Grill in a research note on Thursday, August 24th. Seven research analysts have rated the stock with a sell rating, twenty-four have given a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the stock. Chipotle Mexican Grill presently has an average rating of “Hold” and a consensus price target of $355.69.

Shares of Chipotle Mexican Grill, Inc. (CMG) traded up $3.20 on Friday, reaching $307.59. 1,154,362 shares of the company’s stock were exchanged, compared to its average volume of 1,168,504. The company has a market capitalization of $8,680.00, a PE ratio of 49.29, a P/E/G ratio of 2.46 and a beta of 0.44. Chipotle Mexican Grill, Inc. has a twelve month low of $263.00 and a twelve month high of $499.00.

Chipotle Mexican Grill (NYSE:CMG) last released its quarterly earnings data 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 company had revenue of $1.13 billion for the quarter, compared to the consensus estimate of $1.14 billion. Chipotle Mexican Grill had a return on equity of 11.80% and a net margin of 3.37%. Chipotle Mexican Grill’s revenue for the quarter was up 8.8% compared to the same quarter last year. During the same period last year, the company earned $0.56 EPS. research analysts forecast that Chipotle Mexican Grill, Inc. will post 6.63 earnings per share for the current fiscal year.

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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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