Blue Rock Advisors LLC raised its holdings in Chipotle Mexican Grill, Inc. (NYSE:CMG) by 150.0% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 3,000 shares of the restaurant operator’s stock after purchasing an additional 1,800 shares during the period. Chipotle Mexican Grill comprises 1.9% of Blue Rock Advisors LLC’s holdings, making the stock its 20th largest position. Blue Rock Advisors LLC’s holdings in Chipotle Mexican Grill were worth $1,248,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. FNY Managed Accounts LLC acquired a new stake in Chipotle Mexican Grill in the first quarter valued at approximately $107,000. Korea Investment CORP grew its holdings in Chipotle Mexican Grill by 140.2% in the second quarter. Korea Investment CORP now owns 269 shares of the restaurant operator’s stock valued at $112,000 after purchasing an additional 157 shares during the period. Harbour Capital Advisors LLC acquired a new stake in Chipotle Mexican Grill in the first quarter valued at approximately $121,000. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA grew its holdings in Chipotle Mexican Grill by 15.7% in the second quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 406 shares of the restaurant operator’s stock valued at $140,000 after purchasing an additional 55 shares during the period. Finally, OLD Mutual Customised Solutions Proprietary Ltd. grew its holdings in Chipotle Mexican Grill by 84.5% in the first quarter. OLD Mutual Customised Solutions Proprietary Ltd. now owns 369 shares of the restaurant operator’s stock valued at $164,000 after purchasing an additional 169 shares during the period. 90.32% of the stock is currently owned by institutional investors.

Shares of Chipotle Mexican Grill, Inc. (NYSE CMG) traded up 1.02% during mid-day trading on Monday, reaching $319.95. The company’s stock had a trading volume of 1,006,777 shares. The firm has a 50-day moving average of $334.61 and a 200-day moving average of $416.39. Chipotle Mexican Grill, Inc. has a 52 week low of $296.00 and a 52 week high of $499.00. The firm has a market capitalization of $9.12 billion, a PE ratio of 68.78 and a beta of 0.64.

Chipotle Mexican Grill (NYSE:CMG) last announced its quarterly earnings results on Tuesday, July 25th. The restaurant operator reported $2.32 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.16 by $0.16. Chipotle Mexican Grill had a return on equity of 10.65% and a net margin of 3.17%. The firm had revenue of $1.17 billion during the quarter, compared to the consensus estimate of $1.19 billion. During the same period in the prior year, the firm earned $0.87 EPS. The firm’s quarterly revenue was up 17.1% compared to the same quarter last year. Equities research analysts forecast that Chipotle Mexican Grill, Inc. will post $7.61 earnings per share for the current fiscal year.

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Several analysts have commented on CMG shares. Vetr raised Chipotle Mexican Grill from a “sell” rating to a “hold” rating and set a $460.94 price objective on the stock in a report on Monday, May 8th. Argus upgraded Chipotle Mexican Grill from a “hold” rating to a “buy” rating and raised their target price for the company from $447.88 to $550.00 in a research report on Thursday, May 25th. ValuEngine upgraded Chipotle Mexican Grill from a “sell” rating to a “hold” rating in a research report on Friday, June 2nd. Wedbush restated a “neutral” rating and issued a $450.00 target price on shares of Chipotle Mexican Grill in a research report on Wednesday, June 7th. Finally, Mizuho initiated coverage on Chipotle Mexican Grill in a research report on Thursday, June 8th. They issued a “buy” rating and a $533.00 target price on the stock. Six investment analysts have rated the stock with a sell rating, twenty-four have issued a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Chipotle Mexican Grill presently has an average rating of “Hold” and a consensus price target of $401.06.

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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