Birinyi Associates Inc. increased its position in Chipotle Mexican Grill, Inc. (NYSE:CMG) by 70.0% during the second quarter, according to its most recent filing with the SEC. The fund owned 3,400 shares of the restaurant operator’s stock after buying an additional 1,400 shares during the period. Birinyi Associates Inc.’s holdings in Chipotle Mexican Grill were worth $1,415,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. 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 last quarter. American Century Companies Inc. boosted its stake in Chipotle Mexican Grill by 59.8% in the second quarter. American Century Companies Inc. now owns 563,698 shares of the restaurant operator’s stock worth $234,555,000 after buying an additional 210,872 shares during the last quarter. APG Asset Management N.V. boosted its stake in Chipotle Mexican Grill by 255.5% in the second quarter. APG Asset Management N.V. now owns 277,125 shares of the restaurant operator’s stock worth $115,312,000 after buying an additional 199,170 shares during the last quarter. Artisan Partners Limited Partnership bought a new stake in Chipotle Mexican Grill during the first quarter worth $84,334,000. Finally, Columbus Circle Investors bought a new stake in Chipotle Mexican Grill during the second quarter worth $41,893,000. 90.32% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) opened at 310.97 on Tuesday. Chipotle Mexican Grill, Inc. has a 12 month low of $296.00 and a 12 month high of $499.00. The firm has a 50-day moving average of $346.84 and a 200-day moving average of $419.75. The company has a market capitalization of $8.87 billion, a P/E ratio of 66.85 and a beta of 0.62.

Chipotle Mexican Grill (NYSE:CMG) last announced its quarterly earnings data on Tuesday, July 25th. The restaurant operator reported $2.32 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $2.16 by $0.16. The firm had revenue of $1.17 billion during the quarter, compared to analyst estimates of $1.19 billion. Chipotle Mexican Grill had a net margin of 3.17% and a return on equity of 10.65%. Chipotle Mexican Grill’s revenue was up 17.1% on a year-over-year basis. During the same period last year, the firm posted $0.87 EPS. On average, equities analysts predict that Chipotle Mexican Grill, Inc. will post $7.65 earnings per share for the current year.

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CMG has been the topic of a number of research reports. SunTrust Banks, Inc. reaffirmed a “buy” rating and set a $505.00 target price (down previously from $520.00) on shares of Chipotle Mexican Grill in a research note on Wednesday, July 26th. Wedbush cut shares of Chipotle Mexican Grill from an “outperform” rating to a “market perform” rating and decreased their target price for the stock from $470.00 to $370.00 in a research note on Friday, July 21st. Maxim Group raised shares of Chipotle Mexican Grill from a “hold” rating to a “buy” rating and boosted their target price for the stock from $440.00 to $470.00 in a research note on Tuesday, July 18th. Oppenheimer Holdings, Inc. reaffirmed a “market perform” rating on shares of Chipotle Mexican Grill in a research note on Wednesday, July 12th. Finally, BidaskClub cut shares of Chipotle Mexican Grill from a “sell” rating to a “strong sell” rating in a research note on Wednesday, July 12th. Five research analysts have rated the stock with a sell rating, twenty-five have given a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company. Chipotle Mexican Grill has an average rating of “Hold” and an average target price of $402.27.

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.

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

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