Everence Capital Management Inc. maintained its stake in Chipotle Mexican Grill, Inc. (NYSE:CMG) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 790 shares of the restaurant operator’s stock at the end of the second quarter. Everence Capital Management Inc.’s holdings in Chipotle Mexican Grill were worth $329,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its stake in Chipotle Mexican Grill by 2.6% in the first quarter. Vanguard Group Inc. now owns 2,719,423 shares of the restaurant operator’s stock worth $1,211,558,000 after buying an additional 69,007 shares during the period. BlackRock Inc. boosted its stake in Chipotle Mexican Grill by 3,309.6% in the first quarter. BlackRock Inc. now owns 2,424,479 shares of the restaurant operator’s stock worth $1,080,155,000 after buying an additional 2,353,372 shares during the period. State Street Corp boosted its stake in Chipotle Mexican Grill by 3.7% in the first quarter. State Street Corp now owns 1,237,517 shares of the restaurant operator’s stock worth $551,348,000 after buying an additional 44,694 shares during the period. Clearbridge Investments LLC boosted its stake in Chipotle Mexican Grill by 13.7% in the first quarter. Clearbridge Investments LLC now owns 359,366 shares of the restaurant operator’s stock worth $160,105,000 after buying an additional 43,396 shares during the period. Finally, American Century Companies Inc. boosted its stake in Chipotle Mexican Grill by 26.5% in the first quarter. American Century Companies Inc. now owns 352,826 shares of the restaurant operator’s stock worth $157,191,000 after buying an additional 73,914 shares during the period. Institutional investors own 98.37% of the company’s stock.

Chipotle Mexican Grill, Inc. (NYSE:CMG) opened at 305.51 on Wednesday. The stock’s 50 day moving average is $357.61 and its 200 day moving average is $422.83. The firm has a market cap of $8.71 billion, a PE ratio of 65.67 and a beta of 0.62. Chipotle Mexican Grill, Inc. has a 12 month low of $304.10 and a 12 month high of $499.00.

Chipotle Mexican Grill (NYSE:CMG) last posted its quarterly earnings results on Tuesday, July 25th. The restaurant operator reported $2.32 earnings per share for the quarter, beating the consensus estimate of $2.16 by $0.16. The firm had revenue of $1.17 billion for the quarter, compared to analyst estimates of $1.19 billion. Chipotle Mexican Grill had a return on equity of 10.65% and a net margin of 3.17%. Chipotle Mexican Grill’s quarterly revenue was up 17.1% on a year-over-year basis. During the same period in the previous year, the firm earned $0.87 earnings per share. On average, equities analysts forecast that Chipotle Mexican Grill, Inc. will post $7.73 earnings per share for the current year.

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CMG has been the subject of a number of recent analyst reports. SunTrust Banks, Inc. lifted their target price on shares of Chipotle Mexican Grill from $500.00 to $550.00 and gave the stock a “buy” rating in a research note on Wednesday, April 26th. Mizuho reiterated a “buy” rating and issued a $533.00 target price on shares of Chipotle Mexican Grill in a research note on Wednesday, June 21st. Oppenheimer Holdings, Inc. reiterated a “market perform” rating on shares of Chipotle Mexican Grill in a research note on Wednesday, July 12th. Maxim Group reiterated a “hold” rating and issued a $440.00 target price on shares of Chipotle Mexican Grill in a research note on Tuesday, June 20th. Finally, Zacks Investment Research cut shares of Chipotle Mexican Grill from a “hold” rating to a “sell” rating in a research note on Wednesday, July 12th. Seven equities research analysts have rated the stock with a sell rating, twenty-three have given a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $403.18.

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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