Gagnon Securities LLC lifted its holdings in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) by 8.5% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,424 shares of the restaurant operator’s stock after purchasing an additional 190 shares during the period. Gagnon Securities LLC’s holdings in Chipotle Mexican Grill were worth $746,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in CMG. Strs Ohio raised its stake in shares of Chipotle Mexican Grill by 6.3% during the 2nd quarter. Strs Ohio now owns 3,089 shares of the restaurant operator’s stock worth $1,285,000 after purchasing an additional 184 shares during the period. Sei Investments Co. raised its stake in Chipotle Mexican Grill by 18.0% in the 2nd quarter. Sei Investments Co. now owns 4,443 shares of the restaurant operator’s stock valued at $1,848,000 after acquiring an additional 678 shares during the period. Korea Investment CORP raised its stake in Chipotle Mexican Grill by 140.2% in the 2nd quarter. Korea Investment CORP now owns 269 shares of the restaurant operator’s stock valued at $112,000 after acquiring an additional 157 shares during the period. IFP Advisors Inc raised its stake in Chipotle Mexican Grill by 12.0% in the 2nd quarter. IFP Advisors Inc now owns 627 shares of the restaurant operator’s stock valued at $261,000 after acquiring an additional 67 shares during the period. Finally, Global X Management Co. LLC raised its stake in Chipotle Mexican Grill by 4.4% in the 2nd quarter. Global X Management Co. LLC now owns 1,776 shares of the restaurant operator’s stock valued at $739,000 after acquiring an additional 75 shares during the period. Institutional investors own 88.69% of the company’s stock.

Chipotle Mexican Grill, Inc. (NYSE CMG) opened at $315.90 on Friday. Chipotle Mexican Grill, Inc. has a twelve month low of $263.00 and a twelve month high of $499.00. The company has a market capitalization of $8,918.80, a PE ratio of 54.47, a PEG ratio of 2.72 and a beta of 0.49.

Chipotle Mexican Grill (NYSE:CMG) last issued its quarterly earnings data on Tuesday, October 24th. The restaurant operator reported $1.33 EPS for the quarter, missing the Thomson Reuters’ 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 for the quarter, compared to analysts’ expectations of $1.14 billion. During the same period in the previous year, the firm posted $0.56 EPS. The firm’s revenue for the quarter was up 8.8% compared to the same quarter last year. analysts anticipate that Chipotle Mexican Grill, Inc. will post 6.63 earnings per share for the current fiscal year.

A number of brokerages recently issued reports on CMG. Credit Suisse Group restated a “neutral” rating and issued a $263.00 price objective (down from $301.99) on shares of Chipotle Mexican Grill in a research note on Thursday, November 30th. Wedbush restated a “hold” rating and issued a $290.00 price objective on shares of Chipotle Mexican Grill in a research note on Wednesday, November 29th. William Blair cut Chipotle Mexican Grill from an “outperform” rating to a “market perform” rating in a research note on Wednesday, November 29th. BMO Capital Markets restated a “market perform” rating and issued a $275.00 price objective (down from $330.00) on shares of Chipotle Mexican Grill in a research note on Wednesday, October 25th. Finally, Robert W. Baird set a $300.00 price objective on Chipotle Mexican Grill and gave the company a “hold” rating in a research note on Wednesday, October 25th. Seven equities research analysts have rated the stock with a sell rating, twenty-four have issued a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company. Chipotle Mexican Grill has a consensus rating of “Hold” and an average price target of $355.69.

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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.

Institutional Ownership by Quarter for Chipotle Mexican Grill (NYSE:CMG)

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