Griffin Asset Management Inc. bought a new stake in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor bought 1,701 shares of the restaurant operator’s stock, valued at approximately $524,000.

Several other hedge funds have also recently made changes to their positions in the business. Cutter & CO Brokerage Inc. lifted its position in shares of Chipotle Mexican Grill by 1.3% in the 2nd quarter. Cutter & CO Brokerage Inc. now owns 763 shares of the restaurant operator’s stock worth $317,000 after acquiring an additional 10 shares during the period. Simmons Bank lifted its position in shares of Chipotle Mexican Grill by 1.1% in the 2nd quarter. Simmons Bank now owns 1,257 shares of the restaurant operator’s stock worth $523,000 after acquiring an additional 14 shares during the period. Pacer Advisors Inc. lifted its position in shares of Chipotle Mexican Grill by 6.2% in the 2nd quarter. Pacer Advisors Inc. now owns 498 shares of the restaurant operator’s stock worth $207,000 after acquiring an additional 29 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of Chipotle Mexican Grill by 0.7% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,012 shares of the restaurant operator’s stock worth $2,085,000 after acquiring an additional 33 shares during the period. Finally, Sii Investments Inc. WI lifted its position in shares of Chipotle Mexican Grill by 2.5% in the 2nd quarter. Sii Investments Inc. WI now owns 1,462 shares of the restaurant operator’s stock worth $600,000 after acquiring an additional 35 shares during the period. Institutional investors own 88.69% of the company’s stock.

A number of analysts have commented on CMG shares. Credit Suisse Group reduced their price objective on Chipotle Mexican Grill from $320.00 to $275.00 and set a “neutral” rating for the company in a research report on Wednesday, October 25th. Robert W. Baird reiterated a “hold” rating and issued a $340.00 price objective (down previously from $385.00) on shares of Chipotle Mexican Grill in a research report on Tuesday, October 3rd. Standpoint Research upgraded Chipotle Mexican Grill from an “underperform” rating to a “hold” rating in a research report on Friday, August 25th. Royal Bank of Canada reduced their price objective on Chipotle Mexican Grill from $440.00 to $330.00 and set a “sector perform” rating for the company in a research report on Friday, October 20th. Finally, Wedbush reiterated a “hold” rating and issued a $290.00 price objective on shares of Chipotle Mexican Grill in a research report on Wednesday, October 25th. Seven analysts have rated the stock with a sell rating, twenty-four have issued a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company. Chipotle Mexican Grill currently has an average rating of “Hold” and an average price target of $355.69.

Shares of Chipotle Mexican Grill, Inc. (NYSE CMG) opened at $318.38 on Wednesday. Chipotle Mexican Grill, Inc. has a twelve month low of $263.00 and a twelve month high of $499.00. The firm has a market capitalization of $8,847.92, a price-to-earnings ratio of 54.03, a P/E/G ratio of 2.70 and a beta of 0.49.

Chipotle Mexican Grill (NYSE:CMG) last released its quarterly earnings results on Tuesday, October 24th. The restaurant operator reported $1.33 earnings per share for the quarter, missing the Zacks’ 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 business had revenue of $1.13 billion for the quarter, compared to analyst estimates of $1.14 billion. During the same period in the prior year, the business earned $0.56 earnings per share. The company’s revenue for the quarter was up 8.8% on a year-over-year basis. equities research analysts predict that Chipotle Mexican Grill, Inc. will post 6.63 EPS for the current year.

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About Chipotle Mexican Grill

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.

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

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