Royal Bank of Canada Has $20.92 Million Holdings in Chipotle Mexican Grill, Inc. (CMG)

Royal Bank of Canada boosted its stake in Chipotle Mexican Grill, Inc. (NYSE:CMG) by 16.3% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 50,276 shares of the restaurant operator’s stock after buying an additional 7,028 shares during the period. Royal Bank of Canada owned 0.18% of Chipotle Mexican Grill worth $20,919,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Andra AP fonden increased its position in Chipotle Mexican Grill by 67.9% in the second quarter. Andra AP fonden now owns 4,700 shares of the restaurant operator’s stock worth $1,956,000 after buying an additional 1,900 shares during the period. Chilton Investment Co. LLC acquired a new position in shares of Chipotle Mexican Grill during the second quarter valued at $10,040,000. Birinyi Associates Inc. increased its holdings in shares of Chipotle Mexican Grill by 70.0% during the second quarter. Birinyi Associates Inc. now owns 3,400 shares of the restaurant operator’s stock valued at $1,415,000 after purchasing an additional 1,400 shares during the period. Allen Investment Management LLC acquired a new position in shares of Chipotle Mexican Grill during the second quarter valued at $493,000. Finally, Sustainable Growth Advisers LP increased its holdings in shares of Chipotle Mexican Grill by 5.6% during the second quarter. Sustainable Growth Advisers LP now owns 357,539 shares of the restaurant operator’s stock valued at $148,772,000 after purchasing an additional 18,856 shares during the period. 90.04% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Chipotle Mexican Grill, Inc. (CMG) opened at 310.88 on Wednesday. Chipotle Mexican Grill, Inc. has a 52 week low of $295.11 and a 52 week high of $499.00. The firm has a market cap of $8.86 billion, a price-to-earnings ratio of 66.83 and a beta of 0.60. The company has a 50-day moving average price of $309.95 and a 200 day moving average price of $396.82.

Chipotle Mexican Grill (NYSE:CMG) last issued its quarterly earnings results on Tuesday, July 25th. The restaurant operator reported $2.32 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $2.16 by $0.16. The business had revenue of $1.17 billion for the quarter, compared to the consensus estimate of $1.19 billion. Chipotle Mexican Grill had a return on equity of 10.65% and a net margin of 3.17%. The firm’s quarterly revenue was up 17.1% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.87 earnings per share. Analysts expect that Chipotle Mexican Grill, Inc. will post $7.52 EPS for the current fiscal year.

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A number of brokerages have recently commented on CMG. Wedbush reissued a “neutral” rating and set a $290.00 price target (down from $350.00) on shares of Chipotle Mexican Grill in a report on Wednesday. BTIG Research reissued a “neutral” rating on shares of Chipotle Mexican Grill in a report on Tuesday, October 3rd. Jefferies Group LLC reissued a “hold” rating and set a $350.00 price target on shares of Chipotle Mexican Grill in a report on Tuesday, October 3rd. Robert W. Baird reissued a “hold” rating and set a $340.00 price target (down from $385.00) on shares of Chipotle Mexican Grill in a report on Tuesday, October 3rd. Finally, Stifel Nicolaus began coverage on Chipotle Mexican Grill in a report on Monday, October 2nd. They set a “hold” rating and a $345.00 price target on the stock. Seven analysts have rated the stock with a sell rating, twenty-three have given a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $392.13.

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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