Boston Common Asset Management LLC trimmed its position in Chipotle Mexican Grill, Inc. (NYSE:CMG) by 1.3% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 8,964 shares of the restaurant operator’s stock after selling 116 shares during the quarter. Boston Common Asset Management LLC’s holdings in Chipotle Mexican Grill were worth $3,730,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in CMG. UBS Asset Management Americas Inc. lifted its holdings in shares of Chipotle Mexican Grill by 6.7% in the first quarter. UBS Asset Management Americas Inc. now owns 77,918 shares of the restaurant operator’s stock valued at $34,714,000 after purchasing an additional 4,890 shares in the last quarter. Sei Investments Co. grew its holdings in shares of Chipotle Mexican Grill by 0.5% during the first quarter. Sei Investments Co. now owns 3,765 shares of the restaurant operator’s stock valued at $1,678,000 after buying an additional 19 shares in the last quarter. Mutual of America Capital Management LLC grew its holdings in shares of Chipotle Mexican Grill by 4.2% during the first quarter. Mutual of America Capital Management LLC now owns 3,689 shares of the restaurant operator’s stock valued at $1,644,000 after buying an additional 150 shares in the last quarter. Pacer Advisors Inc. raised its position in Chipotle Mexican Grill by 2.4% during the first quarter. Pacer Advisors Inc. now owns 469 shares of the restaurant operator’s stock valued at $209,000 after buying an additional 11 shares during the period. Finally, KBC Group NV raised its position in Chipotle Mexican Grill by 20.3% during the first quarter. KBC Group NV now owns 2,640 shares of the restaurant operator’s stock valued at $1,176,000 after buying an additional 446 shares during the period. Institutional investors own 90.08% of the company’s stock.

Chipotle Mexican Grill, Inc. (CMG) traded down 2.5912% on Monday, reaching $299.8534. The company’s stock had a trading volume of 716,057 shares. The firm has a market cap of $8.55 billion, a P/E ratio of 64.4569 and a beta of 0.60. Chipotle Mexican Grill, Inc. has a 12 month low of $295.11 and a 12 month high of $499.00. The firm’s 50 day moving average is $318.10 and its 200-day moving average is $407.26.

Chipotle Mexican Grill (NYSE:CMG) last issued its earnings results on Tuesday, July 25th. The restaurant operator reported $2.32 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $2.16 by $0.16. The firm had revenue of $1.17 billion during the quarter, compared to the consensus estimate of $1.19 billion. Chipotle Mexican Grill had a return on equity of 10.65% and a net margin of 3.17%. The business’s quarterly revenue was up 17.1% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.87 earnings per share. On average, equities research analysts anticipate that Chipotle Mexican Grill, Inc. will post $7.55 EPS for the current year.

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A number of analysts have recently issued reports on the stock. Raymond James Financial, Inc. reissued an “underperform” rating on shares of Chipotle Mexican Grill in a research report on Tuesday, June 20th. Deutsche Bank AG reaffirmed a “sell” rating and set a $350.00 price objective (up from $300.00) on shares of Chipotle Mexican Grill in a research report on Monday, July 10th. Robert W. Baird reaffirmed a “hold” rating and set a $385.00 price objective on shares of Chipotle Mexican Grill in a research report on Friday, September 1st. Wells Fargo & Company reiterated a “market perform” rating and issued a $470.00 price objective on shares of Chipotle Mexican Grill in a research note on Friday, July 14th. Finally, Goldman Sachs Group, Inc. (The) dropped their price objective on shares of Chipotle Mexican Grill from $440.00 to $375.00 and set a “neutral” rating on the stock in a research note on Tuesday, July 25th. Seven investment analysts have rated the stock with a sell rating, twenty-two have assigned a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price 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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