Victory Capital Management Inc. raised its stake in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) by 895.9% in the third quarter, according to its most recent 13F filing with the SEC. The fund owned 4,910 shares of the restaurant operator’s stock after purchasing an additional 4,417 shares during the period. Victory Capital Management Inc.’s holdings in Chipotle Mexican Grill were worth $1,511,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in CMG. Andra AP fonden boosted its stake in shares of Chipotle Mexican Grill by 67.9% in the 2nd quarter. Andra AP fonden now owns 4,700 shares of the restaurant operator’s stock worth $1,956,000 after buying an additional 1,900 shares during the last quarter. Chilton Investment Co. LLC purchased a new position in shares of Chipotle Mexican Grill in the 2nd quarter worth approximately $10,040,000. Birinyi Associates Inc. boosted its stake in shares of Chipotle Mexican Grill by 70.0% in the 2nd quarter. Birinyi Associates Inc. now owns 3,400 shares of the restaurant operator’s stock worth $1,415,000 after buying an additional 1,400 shares during the last quarter. Allen Investment Management LLC purchased a new position in shares of Chipotle Mexican Grill in the 2nd quarter worth approximately $493,000. Finally, Sustainable Growth Advisers LP boosted its stake in shares of Chipotle Mexican Grill by 5.6% in the 2nd quarter. Sustainable Growth Advisers LP now owns 357,539 shares of the restaurant operator’s stock worth $148,772,000 after buying an additional 18,856 shares during the last quarter. Institutional investors and hedge funds own 88.58% of the company’s stock.

Shares of Chipotle Mexican Grill, Inc. (NYSE CMG) opened at $279.51 on Wednesday. The firm has a market cap of $7,996.98, a PE ratio of 48.84, a PEG ratio of 2.44 and a beta of 0.44. Chipotle Mexican Grill, Inc. has a 1-year low of $263.00 and a 1-year high of $499.00.

Chipotle Mexican Grill (NYSE:CMG) last posted 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). The firm had revenue of $1.13 billion for the quarter, compared to analysts’ expectations of $1.14 billion. Chipotle Mexican Grill had a return on equity of 11.80% and a net margin of 3.37%. The business’s revenue for the quarter was up 8.8% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.56 earnings per share. analysts expect that Chipotle Mexican Grill, Inc. will post 6.63 EPS for the current fiscal year.

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A number of equities analysts have recently weighed in on the company. Goldman Sachs Group, Inc. (The) cut their target price on 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. Maxim Group restated a “buy” rating and issued a $435.00 target price (down previously from $470.00) on shares of Chipotle Mexican Grill in a research note on Wednesday, July 26th. Credit Suisse Group restated a “neutral” rating and issued a $320.00 target price (down previously from $335.00) on shares of Chipotle Mexican Grill in a research note on Friday, August 25th. Zacks Investment Research cut shares of Chipotle Mexican Grill from a “hold” rating to a “strong sell” rating in a report on Tuesday, September 26th. Finally, Deutsche Bank AG set a $240.00 price target on shares of Chipotle Mexican Grill and gave the stock a “sell” rating in a report on Wednesday, October 25th. Seven investment analysts have rated the stock with a sell rating, twenty-three have assigned a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $356.06.

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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