Davidson Investment Advisors cut its holdings in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) by 5.0% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 9,635 shares of the restaurant operator’s stock after selling 512 shares during the quarter. Davidson Investment Advisors’ holdings in Chipotle Mexican Grill were worth $4,007,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the business. Covenant Asset Management LLC lifted its holdings in Chipotle Mexican Grill by 0.5% during the 2nd quarter. Covenant Asset Management LLC now owns 2,187 shares of the restaurant operator’s stock worth $910,000 after buying an additional 10 shares in the last quarter. Tufton Capital Management lifted its holdings in Chipotle Mexican Grill by 1.3% during the 2nd quarter. Tufton Capital Management now owns 804 shares of the restaurant operator’s stock worth $335,000 after buying an additional 10 shares in the last quarter. Cutter & CO Brokerage Inc. lifted its holdings in Chipotle Mexican Grill by 1.3% during the 2nd quarter. Cutter & CO Brokerage Inc. now owns 763 shares of the restaurant operator’s stock worth $317,000 after buying an additional 10 shares in the last quarter. Pacer Advisors Inc. lifted its holdings in Chipotle Mexican Grill by 2.4% during the 1st quarter. Pacer Advisors Inc. now owns 469 shares of the restaurant operator’s stock worth $209,000 after buying an additional 11 shares in the last quarter. Finally, Greenwood Capital Associates LLC lifted its holdings in Chipotle Mexican Grill by 2.8% during the 1st quarter. Greenwood Capital Associates LLC now owns 545 shares of the restaurant operator’s stock worth $243,000 after buying an additional 15 shares in the last quarter. Institutional investors own 90.08% of the company’s stock.

Chipotle Mexican Grill, Inc. (NYSE:CMG) traded down 1.9313% during mid-day trading on Monday, reaching $307.0433. 461,128 shares of the company were exchanged. The company’s 50 day moving average price is $320.64 and its 200-day moving average price is $409.05. Chipotle Mexican Grill, Inc. has a 12 month low of $296.00 and a 12 month high of $499.00. The stock has a market capitalization of $8.75 billion, a P/E ratio of 66.0024 and a beta of 0.64.

Chipotle Mexican Grill (NYSE:CMG) last announced its earnings results on Tuesday, July 25th. The restaurant operator reported $2.32 earnings per share (EPS) for the quarter, beating the Zacks’ 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% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.87 EPS. On average, equities analysts expect that Chipotle Mexican Grill, Inc. will post $7.60 earnings per share for the current fiscal year.

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A number of equities research analysts have issued reports on CMG shares. Argus upgraded shares of Chipotle Mexican Grill from a “hold” rating to a “buy” rating and increased their target price for the stock from $447.88 to $550.00 in a report on Thursday, May 25th. Vetr upgraded shares of Chipotle Mexican Grill from a “hold” rating to a “buy” rating and set a $498.87 target price on the stock in a report on Tuesday, May 30th. ValuEngine upgraded shares of Chipotle Mexican Grill from a “sell” rating to a “hold” rating in a report on Friday, June 2nd. Wedbush reiterated a “neutral” rating and set a $450.00 target price on shares of Chipotle Mexican Grill in a report on Wednesday, June 7th. Finally, Mizuho started coverage on shares of Chipotle Mexican Grill in a report on Thursday, June 8th. They set a “buy” rating and a $533.00 target price on the stock. Six analysts have rated the stock with a sell rating, twenty-three have issued a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Chipotle Mexican Grill has an average rating of “Hold” and an average target price of $399.45.

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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