Sei Investments Co. cut its stake in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) by 10.8% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 3,962 shares of the restaurant operator’s stock after selling 481 shares during the period. Sei Investments Co.’s holdings in Chipotle Mexican Grill were worth $1,220,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Andra AP fonden lifted its position in Chipotle Mexican Grill by 67.9% during the second quarter. Andra AP fonden now owns 4,700 shares of the restaurant operator’s stock worth $1,956,000 after acquiring an additional 1,900 shares during the last quarter. Chilton Investment Co. LLC acquired a new stake in Chipotle Mexican Grill during the second quarter worth approximately $10,040,000. Birinyi Associates Inc. lifted its position in Chipotle Mexican Grill by 70.0% during the second quarter. Birinyi Associates Inc. now owns 3,400 shares of the restaurant operator’s stock worth $1,415,000 after acquiring an additional 1,400 shares during the last quarter. Allen Investment Management LLC acquired a new stake in shares of Chipotle Mexican Grill in the second quarter valued at approximately $493,000. Finally, Sustainable Growth Advisers LP raised its position in shares of Chipotle Mexican Grill by 5.6% in the second quarter. Sustainable Growth Advisers LP now owns 357,539 shares of the restaurant operator’s stock valued at $148,772,000 after buying an additional 18,856 shares in the last quarter. Hedge funds and other institutional investors own 88.69% of the company’s stock.

A number of research firms have recently weighed in on CMG. Canaccord Genuity reiterated a “hold” rating and issued a $325.00 price target on shares of Chipotle Mexican Grill in a research report on Wednesday, November 29th. Credit Suisse Group reiterated a “neutral” rating and issued a $263.00 price target (down from $301.99) on shares of Chipotle Mexican Grill in a research report on Thursday, November 30th. Wedbush reiterated a “hold” rating and issued a $290.00 price target on shares of Chipotle Mexican Grill in a research report on Wednesday, November 29th. William Blair downgraded shares of Chipotle Mexican Grill from an “outperform” rating to a “market perform” rating in a research report on Wednesday, November 29th. Finally, Zacks Investment Research upgraded shares of Chipotle Mexican Grill from a “strong sell” rating to a “hold” rating in a research report on Thursday, November 16th. Seven investment 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. The stock presently has an average rating of “Hold” and a consensus price target of $355.69.

Chipotle Mexican Grill, Inc. (NYSE:CMG) opened at $313.65 on Friday. Chipotle Mexican Grill, Inc. has a 1 year low of $263.00 and a 1 year high of $499.00. The company has a market cap of $8,767.76, a P/E ratio of 53.54, a price-to-earnings-growth ratio of 2.68 and a beta of 0.49.

Chipotle Mexican Grill (NYSE:CMG) last announced its quarterly earnings data on Tuesday, October 24th. The restaurant operator reported $1.33 EPS for the quarter, missing the consensus estimate of $2.24 by ($0.91). Chipotle Mexican Grill had a net margin of 3.37% and a return on equity of 11.80%. The firm had revenue of $1.13 billion for the quarter, compared to analyst estimates of $1.14 billion. During the same quarter in the prior year, the firm earned $0.56 earnings per share. The firm’s revenue for the quarter was up 8.8% on a year-over-year basis. equities research analysts forecast that Chipotle Mexican Grill, Inc. will post 6.63 EPS 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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