Eaton Vance Management lifted its position in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) by 4,396.5% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 73,473 shares of the restaurant operator’s stock after purchasing an additional 71,839 shares during the quarter. Eaton Vance Management owned about 0.26% of Chipotle Mexican Grill worth $30,572,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Vanguard Group Inc. boosted its position in shares of Chipotle Mexican Grill by 2.6% during the first quarter. Vanguard Group Inc. now owns 2,719,423 shares of the restaurant operator’s stock valued at $1,211,558,000 after purchasing an additional 69,007 shares in the last quarter. BlackRock Inc. boosted its position in shares of Chipotle Mexican Grill by 3,309.6% during the first quarter. BlackRock Inc. now owns 2,424,479 shares of the restaurant operator’s stock valued at $1,080,155,000 after purchasing an additional 2,353,372 shares in the last quarter. State Street Corp boosted its position in shares of Chipotle Mexican Grill by 3.7% during the first quarter. State Street Corp now owns 1,237,517 shares of the restaurant operator’s stock valued at $551,348,000 after purchasing an additional 44,694 shares in the last quarter. American Century Companies Inc. boosted its position in shares of Chipotle Mexican Grill by 59.8% during the second quarter. American Century Companies Inc. now owns 563,698 shares of the restaurant operator’s stock valued at $234,555,000 after purchasing an additional 210,872 shares in the last quarter. Finally, Clearbridge Investments LLC boosted its position in shares of Chipotle Mexican Grill by 13.7% during the first quarter. Clearbridge Investments LLC now owns 359,366 shares of the restaurant operator’s stock valued at $160,105,000 after purchasing an additional 43,396 shares in the last quarter. Institutional investors own 90.32% of the company’s stock.

CMG has been the topic of several research reports. Vetr upgraded Chipotle Mexican Grill from a “sell” rating to a “hold” rating and set a $493.69 price target on the stock in a research report on Monday, May 15th. Argus upgraded Chipotle Mexican Grill from a “hold” rating to a “buy” rating and lifted their price target 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 set a $450.00 price target 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 set a “buy” rating and a $533.00 price target on the stock. Six investment analysts have rated the stock with a sell rating, twenty-three have issued a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $403.13.

Chipotle Mexican Grill, Inc. (CMG) opened at 300.03 on Friday. The stock has a 50 day moving average price of $325.65 and a 200-day moving average price of $413.16. The company has a market cap of $8.55 billion, a price-to-earnings ratio of 64.49 and a beta of 0.64. Chipotle Mexican Grill, Inc. has a 1-year low of $296.00 and a 1-year high of $499.00.

Chipotle Mexican Grill (NYSE:CMG) last announced its quarterly earnings results on Tuesday, July 25th. The restaurant operator reported $2.32 earnings per share for the quarter, beating the Thomson Reuters’ 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 analyst estimates of $1.19 billion. During the same quarter in the previous year, the business earned $0.87 EPS. Chipotle Mexican Grill’s revenue for the quarter was up 17.1% compared to the same quarter last year. On average, equities research analysts forecast that Chipotle Mexican Grill, Inc. will post $7.61 EPS for the current year.

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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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