State Treasurer State of Michigan trimmed its position in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) by 5.2% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 7,240 shares of the restaurant operator’s stock after selling 400 shares during the period. State Treasurer State of Michigan’s holdings in Chipotle Mexican Grill were worth $2,093,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Raymond James Financial Services Advisors Inc. grew its position in Chipotle Mexican Grill by 1.5% during the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 2,938 shares of the restaurant operator’s stock worth $1,223,000 after purchasing an additional 44 shares in the last quarter. Cetera Investment Advisers grew its position in Chipotle Mexican Grill by 7.8% during the 2nd quarter. Cetera Investment Advisers now owns 778 shares of the restaurant operator’s stock worth $322,000 after purchasing an additional 56 shares in the last quarter. National Asset Management Inc. grew its position in Chipotle Mexican Grill by 35.5% during the 2nd quarter. National Asset Management Inc. now owns 656 shares of the restaurant operator’s stock worth $274,000 after purchasing an additional 172 shares in the last quarter. LS Investment Advisors LLC grew its position in Chipotle Mexican Grill by 17.9% during the 3rd quarter. LS Investment Advisors LLC now owns 1,180 shares of the restaurant operator’s stock worth $363,000 after purchasing an additional 179 shares in the last quarter. Finally, Gagnon Securities LLC grew its position in Chipotle Mexican Grill by 8.5% during the 3rd quarter. Gagnon Securities LLC now owns 2,424 shares of the restaurant operator’s stock worth $746,000 after purchasing an additional 190 shares in the last quarter. Hedge funds and other institutional investors own 87.00% of the company’s stock.

Shares of Chipotle Mexican Grill, Inc. (CMG) opened at $254.45 on Tuesday. Chipotle Mexican Grill, Inc. has a 52 week low of $247.51 and a 52 week high of $499.00. The stock has a market cap of $7,135.07, a price-to-earnings ratio of 41.31, a P/E/G ratio of 1.66 and a beta of 0.59.

Chipotle Mexican Grill (NYSE:CMG) last released its quarterly earnings data on Tuesday, February 6th. The restaurant operator reported $1.34 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.32 by $0.02. Chipotle Mexican Grill had a net margin of 3.94% and a return on equity of 13.44%. The business had revenue of $1.11 billion during the quarter, compared to analyst estimates of $1.11 billion. During the same quarter in the previous year, the business earned $0.55 EPS. Chipotle Mexican Grill’s quarterly revenue was up 7.3% compared to the same quarter last year. equities research analysts predict that Chipotle Mexican Grill, Inc. will post 8.38 earnings per share for the current year.

Several research firms have weighed in on CMG. Goldman Sachs Group reiterated a “neutral” rating and set a $285.00 price objective (down from $330.00) on shares of Chipotle Mexican Grill in a research report on Thursday, February 8th. ValuEngine cut shares of Chipotle Mexican Grill from a “hold” rating to a “sell” rating in a research report on Friday, February 2nd. Wedbush lifted their price objective on shares of Chipotle Mexican Grill from $290.00 to $310.00 and gave the stock a “neutral” rating in a research report on Friday, February 2nd. They noted that the move was a valuation call. Bank of America decreased their target price on shares of Chipotle Mexican Grill from $285.00 to $270.00 and set an “underperform” rating for the company in a research note on Wednesday, February 7th. Finally, Deutsche Bank set a $240.00 target price on shares of Chipotle Mexican Grill and gave the company a “sell” rating in a research note on Wednesday, October 25th. Ten equities research analysts have rated the stock with a sell rating, twenty-two have issued a hold rating, seven have given a buy rating and one has issued a strong buy rating to the stock. Chipotle Mexican Grill currently has an average rating of “Hold” and a consensus price target of $350.28.

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Chipotle Mexican Grill 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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