Advisor Group Inc. raised its position in Chipotle Mexican Grill, Inc. (NYSE:CMG) by 17.9% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 3,818 shares of the restaurant operator’s stock after buying an additional 579 shares during the period. Advisor Group Inc.’s holdings in Chipotle Mexican Grill were worth $1,588,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently bought and sold shares of CMG. UBS Asset Management Americas Inc. boosted its holdings in Chipotle Mexican Grill by 6.7% in the 1st quarter. UBS Asset Management Americas Inc. now owns 77,918 shares of the restaurant operator’s stock worth $34,714,000 after buying an additional 4,890 shares during the last quarter. Sei Investments Co. boosted its holdings in Chipotle Mexican Grill by 0.5% in the 1st quarter. Sei Investments Co. now owns 3,765 shares of the restaurant operator’s stock worth $1,678,000 after buying an additional 19 shares during the last quarter. Mutual of America Capital Management LLC boosted its holdings in Chipotle Mexican Grill by 4.2% in the 1st quarter. Mutual of America Capital Management LLC now owns 3,689 shares of the restaurant operator’s stock worth $1,644,000 after buying an additional 150 shares during the last quarter. Pacer Advisors Inc. boosted its holdings in Chipotle Mexican Grill by 2.4% in 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 during the last quarter. Finally, KBC Group NV boosted its holdings in Chipotle Mexican Grill by 20.3% in the 1st quarter. KBC Group NV now owns 2,640 shares of the restaurant operator’s stock worth $1,176,000 after buying an additional 446 shares during the last quarter. Institutional investors own 90.08% of the company’s stock.

Chipotle Mexican Grill, Inc. (NYSE:CMG) opened at 313.85 on Thursday. Chipotle Mexican Grill, Inc. has a 52 week low of $295.11 and a 52 week high of $499.00. The firm has a market cap of $8.95 billion, a P/E ratio of 67.47 and a beta of 0.64. The company’s 50 day moving average is $318.10 and its 200-day moving average is $407.26.

Chipotle Mexican Grill (NYSE:CMG) last released its quarterly earnings results on Tuesday, July 25th. The restaurant operator reported $2.32 earnings per share for the quarter, beating the Zacks’ consensus estimate of $2.16 by $0.16. The business 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%. The business’s revenue was up 17.1% on a year-over-year basis. During the same period last year, the business earned $0.87 EPS. Equities analysts expect that Chipotle Mexican Grill, Inc. will post $7.58 earnings per share for the current year.

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Several equities research analysts recently issued reports on the company. Goldman Sachs Group, Inc. (The) lowered their price objective on Chipotle Mexican Grill from $440.00 to $375.00 and set a “neutral” rating on the stock in a report on Tuesday, July 25th. Maxim Group reiterated a “buy” rating and issued a $435.00 price objective (down from $470.00) on shares of Chipotle Mexican Grill in a report on Wednesday, July 26th. Cowen and Company reiterated a “market perform” rating and issued a $440.00 price objective on shares of Chipotle Mexican Grill in a report on Friday, July 21st. Credit Suisse Group reiterated a “neutral” rating and issued a $320.00 price objective (down from $335.00) on shares of Chipotle Mexican Grill in a report on Friday, August 25th. Finally, Zacks Investment Research cut Chipotle Mexican Grill from a “hold” rating to a “strong sell” rating in a report on Tuesday. Seven investment analysts have rated the stock with a sell rating, twenty-two have issued a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company’s stock. Chipotle Mexican Grill presently has a consensus rating of “Hold” and an average price target of $398.32.

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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