AMP Capital Investors Ltd lessened its stake in Chipotle Mexican Grill, Inc. (NYSE:CMG) by 13.4% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 7,441 shares of the restaurant operator’s stock after selling 1,154 shares during the quarter. AMP Capital Investors Ltd’s holdings in Chipotle Mexican Grill were worth $3,211,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Canada Pension Plan Investment Board lifted its holdings in shares of Chipotle Mexican Grill by 636.4% in the 2nd quarter. Canada Pension Plan Investment Board now owns 243 shares of the restaurant operator’s stock valued at $105,000 after buying an additional 210 shares during the period. Piedmont Investment Advisors LLC acquired a new position in shares of Chipotle Mexican Grill in the 2nd quarter valued at about $119,000. Dupont Capital Management Corp acquired a new position in shares of Chipotle Mexican Grill in the 2nd quarter valued at about $123,000. Bessemer Group Inc. acquired a new position in shares of Chipotle Mexican Grill in the 2nd quarter valued at about $184,000. Finally, Advisor Partners LLC acquired a new position in shares of Chipotle Mexican Grill in the 2nd quarter valued at about $205,000. 88.04% of the stock is owned by institutional investors and hedge funds.

NYSE:CMG opened at $491.49 on Wednesday. Chipotle Mexican Grill, Inc. has a 12 month low of $247.51 and a 12 month high of $530.68. The company has a market cap of $13.67 billion, a price-to-earnings ratio of 74.37, a PEG ratio of 3.21 and a beta of 0.44.

Chipotle Mexican Grill (NYSE:CMG) last posted its quarterly earnings data on Thursday, July 26th. The restaurant operator reported $2.87 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $2.78 by $0.09. Chipotle Mexican Grill had a return on equity of 15.64% and a net margin of 3.65%. The company had revenue of $1.27 billion during the quarter, compared to analyst estimates of $1.26 billion. equities analysts anticipate that Chipotle Mexican Grill, Inc. will post 8.59 earnings per share for the current year.

A number of equities analysts recently weighed in on CMG shares. Jefferies Financial Group raised Chipotle Mexican Grill from a “hold” rating to a “buy” rating in a report on Tuesday, July 31st. Wedbush cut Chipotle Mexican Grill from a “neutral” rating to an “underperform” rating and reduced their price target for the stock from $450.00 to $445.00 in a report on Monday, August 27th. Morgan Stanley raised Chipotle Mexican Grill from an “equal weight” rating to an “overweight” rating and upped their price target for the stock from $413.00 to $600.00 in a report on Wednesday, August 15th. Robert W. Baird upped their price target on Chipotle Mexican Grill from $440.00 to $500.00 and gave the stock an “outperform” rating in a report on Thursday, May 31st. Finally, Canaccord Genuity upped their price target on Chipotle Mexican Grill from $500.00 to $550.00 and gave the stock a “buy” rating in a report on Friday, July 27th. Six investment analysts have rated the stock with a sell rating, eighteen have given a hold rating and eleven have issued a buy rating to the stock. Chipotle Mexican Grill presently has a consensus rating of “Hold” and a consensus price target of $417.73.

In other news, Director Pershing Square Capital Manage sold 823,357 shares of the company’s stock in a transaction that occurred on Tuesday, August 28th. The stock was sold at an average price of $487.29, for a total value of $401,213,632.53. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 2.19% of the stock is currently owned by insiders.

Chipotle Mexican Grill Company Profile

Chipotle Mexican Grill, Inc, together with its subsidiaries, operates Chipotle Mexican Grill restaurants. As of December 31, 2017, it operated 2,363 Chipotle restaurants throughout the United States, as well as 37 international Chipotle restaurants; and 8 non-Chipotle restaurants. The company was founded in 1993 and is based in Denver, Colorado.

Further Reading: Return on Equity (ROE)

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

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