Bessemer Group Inc. acquired a new position in Chipotle Mexican Grill, Inc. (NYSE:CMG) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 426 shares of the restaurant operator’s stock, valued at approximately $184,000.

Other hedge funds have also made changes to their positions in the company. Gagnon Securities LLC increased its holdings in Chipotle Mexican Grill by 2.6% during the first quarter. Gagnon Securities LLC now owns 4,618 shares of the restaurant operator’s stock worth $1,492,000 after buying an additional 118 shares during the last quarter. X Square Capital LLC increased its holdings in Chipotle Mexican Grill by 2.7% during the first quarter. X Square Capital LLC now owns 5,890 shares of the restaurant operator’s stock worth $1,903,000 after buying an additional 155 shares during the last quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund increased its holdings in Chipotle Mexican Grill by 2.5% during the second quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 7,216 shares of the restaurant operator’s stock worth $3,113,000 after buying an additional 177 shares during the last quarter. Global X Management Co. LLC increased its holdings in Chipotle Mexican Grill by 12.0% during the first quarter. Global X Management Co. LLC now owns 1,748 shares of the restaurant operator’s stock worth $565,000 after buying an additional 187 shares during the last quarter. Finally, Amalgamated Bank increased its holdings in Chipotle Mexican Grill by 5.5% during the second quarter. Amalgamated Bank now owns 3,799 shares of the restaurant operator’s stock worth $1,639,000 after buying an additional 198 shares during the last quarter. 86.71% of the stock is currently owned by institutional investors and hedge funds.

Chipotle Mexican Grill opened at $475.25 on Tuesday, Marketbeat reports. Chipotle Mexican Grill, Inc. has a one year low of $247.51 and a one year high of $483.29. The firm has a market capitalization of $12.88 billion, a price-to-earnings ratio of 72.01, a P/E/G ratio of 3.10 and a beta of 0.41.

A number of equities analysts recently weighed in on CMG shares. Argus upgraded shares of Chipotle Mexican Grill from a “hold” rating to a “buy” rating and boosted their target price for the stock from $247.52 to $496.14 in a report on Wednesday, May 16th. Robert W. Baird boosted their target price on shares of Chipotle Mexican Grill from $440.00 to $500.00 and gave the stock an “outperform” rating in a report on Thursday, May 31st. JPMorgan Chase & Co. boosted their target price on shares of Chipotle Mexican Grill from $320.00 to $320.00 and gave the stock a “neutral” rating in a report on Monday, April 23rd. Piper Jaffray Companies set a $355.00 target price on shares of Chipotle Mexican Grill and gave the stock a “buy” rating in a report on Tuesday, April 10th. Finally, SunTrust Banks restated a “buy” rating and set a $380.00 target price (up from $340.00) on shares of Chipotle Mexican Grill in a report on Wednesday, April 18th. Six research analysts have rated the stock with a sell rating, twenty-one have given a hold rating and nine have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $399.28.

About Chipotle Mexican Grill

Chipotle Mexican Grill, Inc, together with its subsidiaries, operates Chipotle Mexican Grill restaurants. As of December 31, 2017, it operated 2,363 Chipotle restaurants throughout the United States, as well as 37 international Chipotle restaurants; and 8 non-Chipotle restaurants. The company was founded in 1993 and is based in Denver, Colorado.

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

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