Chevy Chase Trust Holdings Inc. lowered its position in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) by 0.3% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 25,081 shares of the restaurant operator’s stock after selling 63 shares during the period. Chevy Chase Trust Holdings Inc. owned 0.09% of Chipotle Mexican Grill worth $10,439,000 as of its most recent SEC filing.
Other hedge funds have also modified their holdings of the company. Baldwin Brothers Inc. MA increased its stake in shares of Chipotle Mexican Grill by 55.0% in the second quarter. Baldwin Brothers Inc. MA now owns 961 shares of the restaurant operator’s stock worth $400,000 after buying an additional 341 shares during the last quarter. National Pension Service increased its stake in Chipotle Mexican Grill by 9.8% in the second quarter. National Pension Service now owns 31,359 shares of the restaurant operator’s stock worth $13,145,000 after buying an additional 2,787 shares in the last quarter. State of Alaska Department of Revenue increased its stake in Chipotle Mexican Grill by 9.9% in the second quarter. State of Alaska Department of Revenue now owns 1,268 shares of the restaurant operator’s stock worth $527,000 after buying an additional 114 shares in the last quarter. Pennsylvania Trust Co increased its stake in Chipotle Mexican Grill by 1,687.5% in the second quarter. Pennsylvania Trust Co now owns 10,707 shares of the restaurant operator’s stock worth $4,455,000 after buying an additional 10,108 shares in the last quarter. Finally, Bank of Montreal Can increased its stake in Chipotle Mexican Grill by 17.6% in the second quarter. Bank of Montreal Can now owns 31,162 shares of the restaurant operator’s stock worth $12,966,000 after buying an additional 4,657 shares in the last quarter. 95.71% of the stock is owned by institutional investors.
Shares of Chipotle Mexican Grill, Inc. (CMG) opened at 350.50 on Friday. Chipotle Mexican Grill, Inc. has a 52-week low of $336.52 and a 52-week high of $499.00. The company has a market capitalization of $10.05 billion, a PE ratio of 108.41 and a beta of 0.64. The firm’s 50-day moving average price is $405.60 and its 200 day moving average price is $432.38.
Chipotle Mexican Grill (NYSE:CMG) last announced its quarterly earnings data on Tuesday, July 25th. The restaurant operator reported $2.32 EPS for the quarter, beating the Zacks’ consensus estimate of $2.16 by $0.16. Chipotle Mexican Grill had a net margin of 3.17% and a return on equity of 10.65%. The company had revenue of $1.17 billion for the quarter, compared to the consensus estimate of $1.19 billion. During the same period in the prior year, the firm posted $0.87 EPS. The company’s quarterly revenue was up 17.1% compared to the same quarter last year. On average, equities analysts forecast that Chipotle Mexican Grill, Inc. will post $7.78 earnings per share for the current year.
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A number of analysts have issued reports on the company. Cowen and Company reissued a “hold” rating and issued a $370.00 target price on shares of Chipotle Mexican Grill in a research report on Friday. Maxim Group reissued a “buy” rating and issued a $435.00 target price (down from $470.00) on shares of Chipotle Mexican Grill in a research report on Wednesday. UBS AG set a $380.00 target price on Chipotle Mexican Grill and gave the stock a “neutral” rating in a research report on Wednesday. Morgan Stanley reissued an “equal weight” rating and issued a $380.00 target price (down from $445.00) on shares of Chipotle Mexican Grill in a research report on Wednesday. Finally, Barclays PLC reissued an “equal weight” rating and issued a $370.00 target price (down from $400.00) on shares of Chipotle Mexican Grill in a research report on Wednesday. Eight research analysts have rated the stock with a sell rating, twenty-two have given a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $405.15.
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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