ICONIQ Capital LLC continued to hold its position in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 25,554 shares of the restaurant operator’s stock at the end of the 2nd quarter. Chipotle Mexican Grill comprises approximately 1.0% of ICONIQ Capital LLC’s holdings, making the stock its 12th largest holding. ICONIQ Capital LLC owned 0.09% of Chipotle Mexican Grill worth $10,633,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the stock. Vanguard Group Inc. raised its holdings in shares of Chipotle Mexican Grill by 2.3% in the second quarter. Vanguard Group Inc. now owns 2,783,059 shares of the restaurant operator’s stock valued at $1,158,031,000 after acquiring an additional 63,636 shares in the last quarter. BlackRock Inc. raised its holdings in shares of Chipotle Mexican Grill by 3,309.6% in the first quarter. BlackRock Inc. now owns 2,424,479 shares of the restaurant operator’s stock valued at $1,080,155,000 after acquiring an additional 2,353,372 shares in the last quarter. State Street Corp raised its holdings in shares of Chipotle Mexican Grill by 3.7% in the first quarter. State Street Corp now owns 1,237,517 shares of the restaurant operator’s stock valued at $551,348,000 after acquiring an additional 44,694 shares in the last quarter. American Century Companies Inc. raised its holdings in shares of Chipotle Mexican Grill by 59.8% in the second quarter. American Century Companies Inc. now owns 563,698 shares of the restaurant operator’s stock valued at $234,555,000 after acquiring an additional 210,872 shares in the last quarter. Finally, Carmignac Gestion raised its holdings in shares of Chipotle Mexican Grill by 162.5% in the second quarter. Carmignac Gestion now owns 516,751 shares of the restaurant operator’s stock valued at $215,020,000 after acquiring an additional 319,875 shares in the last quarter. Hedge funds and other institutional investors own 90.08% of the company’s stock.

Shares of Chipotle Mexican Grill, Inc. (NYSE CMG) traded down 0.87% on Friday, hitting $307.64. The stock had a trading volume of 1,051,527 shares. Chipotle Mexican Grill, Inc. has a one year low of $295.11 and a one year high of $499.00. The company has a market cap of $8.77 billion, a price-to-earnings ratio of 66.13 and a beta of 0.60. The firm’s 50-day moving average is $310.09 and its 200-day moving average is $398.56.

Chipotle Mexican Grill (NYSE:CMG) last issued its quarterly earnings data on Tuesday, July 25th. The restaurant operator reported $2.32 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.16 by $0.16. The firm had revenue of $1.17 billion during the quarter, compared to analysts’ expectations of $1.19 billion. Chipotle Mexican Grill had a return on equity of 10.65% and a net margin of 3.17%. Chipotle Mexican Grill’s revenue was up 17.1% on a year-over-year basis. During the same period in the previous year, the firm posted $0.87 earnings per share. On average, analysts expect that Chipotle Mexican Grill, Inc. will post $7.52 EPS for the current fiscal year.

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Several analysts recently weighed in on the company. UBS AG decreased their price objective on Chipotle Mexican Grill from $460.00 to $445.00 and set a “neutral” rating for the company in a report on Tuesday, June 27th. BTIG Research reiterated a “neutral” rating on shares of Chipotle Mexican Grill in a report on Friday, July 21st. Bank of America Corporation reiterated a “neutral” rating and issued a $390.00 target price (down from $425.00) on shares of Chipotle Mexican Grill in a report on Wednesday, July 26th. BidaskClub downgraded shares of Chipotle Mexican Grill from a “hold” rating to a “sell” rating in a report on Tuesday, June 20th. Finally, Wells Fargo & Company downgraded shares of Chipotle Mexican Grill from an “outperform” rating to a “market perform” rating and reduced their target price for the stock from $470.00 to $375.00 in a report on Wednesday, July 19th. They noted that the move was a valuation call. Seven analysts have rated the stock with a sell rating, twenty-three have given a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $395.25.

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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