Vident Investment Advisory LLC bought a new position in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund bought 4,974 shares of the restaurant operator’s stock, valued at approximately $1,531,000.

Several other hedge funds have also recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its position in shares of Chipotle Mexican Grill by 2.3% during the second quarter. Vanguard Group Inc. now owns 2,783,059 shares of the restaurant operator’s stock worth $1,158,031,000 after acquiring an additional 63,636 shares during the last quarter. American Century Companies Inc. raised its position in shares of Chipotle Mexican Grill by 59.8% during the second quarter. American Century Companies Inc. now owns 563,698 shares of the restaurant operator’s stock worth $234,555,000 after acquiring an additional 210,872 shares during the last quarter. Carmignac Gestion raised its position in shares of Chipotle Mexican Grill by 162.5% during the second quarter. Carmignac Gestion now owns 516,751 shares of the restaurant operator’s stock worth $215,020,000 after acquiring an additional 319,875 shares during the last quarter. Renaissance Technologies LLC raised its position in shares of Chipotle Mexican Grill by 169.1% during the second quarter. Renaissance Technologies LLC now owns 446,100 shares of the restaurant operator’s stock worth $185,622,000 after acquiring an additional 280,300 shares during the last quarter. Finally, Alliancebernstein L.P. raised its position in shares of Chipotle Mexican Grill by 1.5% during the second quarter. Alliancebernstein L.P. now owns 371,270 shares of the restaurant operator’s stock worth $154,485,000 after acquiring an additional 5,412 shares during the last quarter. Institutional investors own 88.69% of the company’s stock.

A number of research firms have recently weighed in on CMG. Canaccord Genuity restated a “hold” rating and set a $325.00 target price on shares of Chipotle Mexican Grill in a research report on Wednesday, November 29th. Credit Suisse Group restated a “neutral” rating and set a $263.00 target price (down previously from $301.99) on shares of Chipotle Mexican Grill in a research report on Thursday, November 30th. Wedbush reiterated a “hold” rating and issued a $290.00 price objective on shares of Chipotle Mexican Grill in a report on Wednesday, November 29th. William Blair downgraded Chipotle Mexican Grill from an “outperform” rating to a “market perform” rating in a report on Wednesday, November 29th. Finally, Zacks Investment Research upgraded Chipotle Mexican Grill from a “strong sell” rating to a “hold” rating in a report on Thursday, November 16th. Seven analysts have rated the stock with a sell rating, twenty-four have issued a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the stock. Chipotle Mexican Grill currently has an average rating of “Hold” and a consensus price target of $355.69.

Shares of Chipotle Mexican Grill, Inc. (CMG) opened at $319.70 on Thursday. 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 capitalization of $8,988.80, a PE ratio of 54.89, a price-to-earnings-growth ratio of 2.74 and a beta of 0.49.

Chipotle Mexican Grill (NYSE:CMG) last announced its quarterly earnings results on Tuesday, October 24th. The restaurant operator reported $1.33 earnings per share (EPS) for the quarter, missing the 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 the consensus estimate of $1.14 billion. During the same quarter last year, the company earned $0.56 earnings per share. The firm’s revenue was up 8.8% compared to the same quarter last year. equities analysts forecast that Chipotle Mexican Grill, Inc. will post 6.63 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.

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

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