Aberdeen Asset Management PLC UK trimmed its holdings in Chipotle Mexican Grill, Inc. (NYSE:CMG) by 7.8% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,984 shares of the restaurant operator’s stock after selling 419 shares during the quarter. Aberdeen Asset Management PLC UK’s holdings in Chipotle Mexican Grill were worth $2,074,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of CMG. BlackRock Inc. boosted its stake in Chipotle Mexican Grill by 3,309.6% during the 1st 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. American Century Companies Inc. boosted its stake in Chipotle Mexican Grill by 59.8% during the 2nd 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. APG Asset Management N.V. boosted its stake in Chipotle Mexican Grill by 255.5% during the 2nd quarter. APG Asset Management N.V. now owns 277,125 shares of the restaurant operator’s stock valued at $115,312,000 after purchasing an additional 199,170 shares in the last quarter. Artisan Partners Limited Partnership bought a new position in Chipotle Mexican Grill during the 1st quarter valued at $84,334,000. Finally, Columbus Circle Investors bought a new position in Chipotle Mexican Grill during the 2nd quarter valued at $41,893,000. 90.08% of the stock is owned by institutional investors and hedge funds.

Shares of Chipotle Mexican Grill, Inc. (CMG) opened at 301.87 on Tuesday. The firm has a market capitalization of $8.61 billion, a P/E ratio of 64.89 and a beta of 0.64. The stock has a 50 day moving average price of $319.25 and a 200 day moving average price of $408.08. Chipotle Mexican Grill, Inc. has a 12 month low of $296.00 and a 12 month high of $499.00.

Chipotle Mexican Grill (NYSE:CMG) last issued 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 company had revenue of $1.17 billion for the quarter, compared to analysts’ expectations 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 quarterly revenue was up 17.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.87 EPS. On average, analysts expect that Chipotle Mexican Grill, Inc. will post $7.60 earnings per share for the current year.

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A number of equities analysts have issued reports on CMG shares. SunTrust Banks, Inc. reaffirmed a “buy” rating and set a $505.00 price target (down from $520.00) on shares of Chipotle Mexican Grill in a research note on Wednesday, July 26th. Wedbush lowered Chipotle Mexican Grill from an “outperform” rating to a “market perform” rating and decreased their price target for the company from $470.00 to $370.00 in a research note on Friday, July 21st. Maxim Group raised Chipotle Mexican Grill from a “hold” rating to a “buy” rating and increased their price target for the company from $440.00 to $470.00 in a research note on Tuesday, July 18th. Cowen and Company lowered Chipotle Mexican Grill from a “market perform” rating to an “underperform” rating and decreased their price target for the company from $370.00 to $250.00 in a research note on Friday, September 8th. Finally, Oppenheimer Holdings, Inc. reaffirmed a “market perform” rating on shares of Chipotle Mexican Grill in a research note on Wednesday, July 12th. Six equities research analysts have rated the stock with a sell rating, twenty-three have assigned a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target 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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