Chipotle Mexican Grill, Inc. (CMG) Shares Sold by Marshfield Associates

Marshfield Associates decreased its stake in Chipotle Mexican Grill, Inc. (NYSE:CMG) by 2.0% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 112,490 shares of the restaurant operator’s stock after selling 2,315 shares during the period. Chipotle Mexican Grill accounts for 3.5% of Marshfield Associates’ investment portfolio, making the stock its 15th largest holding. Marshfield Associates owned about 0.39% of Chipotle Mexican Grill worth $46,807,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently modified their holdings of the company. FNY Managed Accounts LLC acquired a new position in shares of Chipotle Mexican Grill in the 1st quarter valued at $107,000. Korea Investment CORP boosted its holdings in shares of Chipotle Mexican Grill by 140.2% in the 2nd quarter. Korea Investment CORP now owns 269 shares of the restaurant operator’s stock valued at $112,000 after buying an additional 157 shares in the last quarter. Harbour Capital Advisors LLC acquired a new position in shares of Chipotle Mexican Grill in the 1st quarter valued at $121,000. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA boosted its holdings in shares of Chipotle Mexican Grill by 15.7% in the 2nd quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 406 shares of the restaurant operator’s stock valued at $140,000 after buying an additional 55 shares in the last quarter. Finally, OLD Mutual Customised Solutions Proprietary Ltd. boosted its holdings in shares of Chipotle Mexican Grill by 84.5% in the 1st quarter. OLD Mutual Customised Solutions Proprietary Ltd. now owns 369 shares of the restaurant operator’s stock valued at $164,000 after buying an additional 169 shares in the last quarter. Institutional investors and hedge funds own 90.04% of the company’s stock.

Chipotle Mexican Grill, Inc. (CMG) traded up 2.1061% during midday trading on Friday, hitting $320.7869. 751,645 shares of the company’s stock traded hands. The company has a market capitalization of $9.15 billion, a PE ratio of 68.9568 and a beta of 0.60. The company has a 50 day moving average of $310.60 and a 200-day moving average of $395.62. Chipotle Mexican Grill, Inc. has a 52 week low of $295.11 and a 52 week high of $499.00.

Chipotle Mexican Grill (NYSE:CMG) last posted its quarterly earnings data on Tuesday, July 25th. The restaurant operator reported $2.32 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $2.16 by $0.16. The firm 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 business’s revenue for the quarter was up 17.1% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.87 EPS. Equities research analysts predict that Chipotle Mexican Grill, Inc. will post $7.47 earnings per share for the current year.

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Several research analysts have recently issued reports on CMG shares. SunTrust Banks, Inc. restated a “buy” rating and issued a $505.00 target price (down previously from $520.00) on shares of Chipotle Mexican Grill in a report on Wednesday, July 26th. Wedbush cut shares of Chipotle Mexican Grill from an “outperform” rating to a “market perform” rating and lowered their target price for the company from $470.00 to $370.00 in a report on Friday, July 21st. Maxim Group upgraded shares of Chipotle Mexican Grill from a “hold” rating to a “buy” rating and upped their target price for the company from $440.00 to $470.00 in a report on Tuesday, July 18th. Cowen and Company cut shares of Chipotle Mexican Grill from a “market perform” rating to an “underperform” rating and lowered their target price for the company from $370.00 to $250.00 in a report on Friday, September 8th. Finally, Mizuho restated a “buy” rating and issued a $450.00 target price on shares of Chipotle Mexican Grill in a report on Saturday, September 23rd. Seven equities research analysts have rated the stock with a sell rating, twenty-three have assigned a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average 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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