Traders sold shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) on strength during trading hours on Wednesday. $85.24 million flowed into the stock on the tick-up and $103.55 million flowed out of the stock on the tick-down, for a money net flow of $18.31 million out of the stock. Of all companies tracked, Chipotle Mexican Grill had the 29th highest net out-flow for the day. Chipotle Mexican Grill traded up $2.43 for the day and closed at $321.80

Several brokerages have weighed in on CMG. Telsey Advisory Group lowered Chipotle Mexican Grill from an “outperform” rating to a “market perform” rating and dropped their target price for the stock from $370.00 to $330.00 in a research report on Wednesday, October 25th. Deutsche Bank set a $240.00 target price on Chipotle Mexican Grill and gave the stock a “sell” rating in a research report on Wednesday, October 25th. SunTrust Banks set a $355.00 target price on Chipotle Mexican Grill and gave the stock a “buy” rating in a research report on Wednesday, October 25th. Wedbush reaffirmed a “hold” rating and issued a $290.00 target price on shares of Chipotle Mexican Grill in a research report on Wednesday, October 25th. Finally, Canaccord Genuity reaffirmed a “hold” rating and issued a $325.00 target price on shares of Chipotle Mexican Grill in a research report on Wednesday, November 29th. Six investment analysts have rated the stock with a sell rating, twenty-four have assigned a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $357.00.

The company has a market cap of $9,090.00, a P/E ratio of 62.36, a price-to-earnings-growth ratio of 1.92 and a beta of 0.50.

Chipotle Mexican Grill (NYSE:CMG) last announced its earnings results on Tuesday, October 24th. The restaurant operator reported $1.33 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $2.24 by ($0.91). Chipotle Mexican Grill had a net margin of 3.37% and a return on equity of 11.80%. The firm had revenue of $1.13 billion for the quarter, compared to the consensus estimate of $1.14 billion. During the same period in the prior year, the business earned $0.56 EPS. The company’s quarterly revenue was up 8.8% compared to the same quarter last year. equities research analysts expect that Chipotle Mexican Grill, Inc. will post 6.58 EPS for the current fiscal year.

A number of hedge funds have recently made changes to their positions in the stock. Vanguard Group Inc. boosted its stake in 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 valued at $1,158,031,000 after buying an additional 63,636 shares in the last quarter. Carmignac Gestion boosted its stake in Chipotle Mexican Grill by 162.5% during the second quarter. Carmignac Gestion now owns 516,751 shares of the restaurant operator’s stock valued at $215,020,000 after buying an additional 319,875 shares in the last quarter. Renaissance Technologies LLC boosted its stake in Chipotle Mexican Grill by 169.1% during the second quarter. Renaissance Technologies LLC now owns 446,100 shares of the restaurant operator’s stock valued at $185,622,000 after buying an additional 280,300 shares in the last quarter. TIAA CREF Investment Management LLC boosted its stake in Chipotle Mexican Grill by 11.6% during the second quarter. TIAA CREF Investment Management LLC now owns 360,227 shares of the restaurant operator’s stock valued at $149,890,000 after buying an additional 37,425 shares in the last quarter. Finally, Principal Financial Group Inc. boosted its stake in Chipotle Mexican Grill by 196.5% during the third quarter. Principal Financial Group Inc. now owns 267,881 shares of the restaurant operator’s stock valued at $82,462,000 after buying an additional 177,530 shares in the last quarter. 88.43% of the stock is owned by institutional investors and hedge funds.

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About Chipotle Mexican Grill

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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