Check Capital Management Inc. CA bought a new stake in Chipotle Mexican Grill, Inc. (NYSE:CMG) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 176,306 shares of the restaurant operator’s stock, valued at approximately $54,272,000. Chipotle Mexican Grill makes up about 1.6% of Check Capital Management Inc. CA’s investment portfolio, making the stock its 17th biggest position. Check Capital Management Inc. CA owned about 0.62% of Chipotle Mexican Grill as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Tufton Capital Management raised its stake in Chipotle Mexican Grill by 1.3% in the second quarter. Tufton Capital Management now owns 804 shares of the restaurant operator’s stock valued at $335,000 after purchasing an additional 10 shares in the last quarter. Cutter & CO Brokerage Inc. raised its stake in Chipotle Mexican Grill by 1.3% in the second quarter. Cutter & CO Brokerage Inc. now owns 763 shares of the restaurant operator’s stock valued at $317,000 after purchasing an additional 10 shares in the last quarter. Simmons Bank raised its stake in Chipotle Mexican Grill by 1.1% in the second quarter. Simmons Bank now owns 1,257 shares of the restaurant operator’s stock valued at $523,000 after purchasing an additional 14 shares in the last quarter. Highland Capital Management LLC raised its stake in Chipotle Mexican Grill by 0.6% in the second quarter. Highland Capital Management LLC now owns 2,961 shares of the restaurant operator’s stock valued at $1,232,000 after purchasing an additional 18 shares in the last quarter. Finally, Pacer Advisors Inc. raised its stake in Chipotle Mexican Grill by 6.2% in the second quarter. Pacer Advisors Inc. now owns 498 shares of the restaurant operator’s stock valued at $207,000 after purchasing an additional 29 shares in the last quarter. 90.72% of the stock is currently owned by institutional investors and hedge funds.

A number of brokerages recently weighed in on CMG. BTIG Research reaffirmed a “neutral” rating on shares of Chipotle Mexican Grill in a research note on Friday, July 21st. Bank of America Corporation reissued a “neutral” rating and set a $390.00 price target (down from $425.00) on shares of Chipotle Mexican Grill in a research note on Wednesday, July 26th. Zacks Investment Research raised shares of Chipotle Mexican Grill from a “strong sell” rating to a “hold” rating in a research note on Thursday. Tigress Financial reissued a “neutral” rating on shares of Chipotle Mexican Grill in a research note on Saturday, July 22nd. Finally, Royal Bank Of Canada reissued a “sector perform” rating and set a $400.00 price target (down from $500.00) on shares of Chipotle Mexican Grill in a research note on Wednesday, July 26th. Seven research analysts have rated the stock with a sell rating, twenty-three have assigned a hold rating, nine have issued a buy rating and one has given a strong buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $356.06.

Shares of Chipotle Mexican Grill, Inc. (CMG) traded up $4.44 during trading hours on Friday, reaching $288.14. The company’s stock had a trading volume of 785,739 shares, compared to its average volume of 1,167,194. Chipotle Mexican Grill, Inc. has a fifty-two week low of $263.00 and a fifty-two week high of $499.00. The stock has a market cap of $8,180.00, a price-to-earnings ratio of 49.22, a price-to-earnings-growth ratio of 2.46 and a beta of 0.44.

Chipotle Mexican Grill (NYSE:CMG) last issued its earnings results on Tuesday, October 24th. The restaurant operator reported $1.33 earnings per share for the quarter, missing the Zacks’ consensus estimate of $2.24 by ($0.91). Chipotle Mexican Grill had a return on equity of 11.80% and a net margin of 3.37%. The business had revenue of $1.13 billion during the quarter, compared to analysts’ expectations of $1.14 billion. During the same period last year, the firm posted $0.56 EPS. Chipotle Mexican Grill’s quarterly revenue was up 8.8% compared to the same quarter last year. sell-side analysts anticipate that Chipotle Mexican Grill, Inc. will post 6.64 EPS for the current fiscal year.

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Chipotle Mexican Grill 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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