Andra AP fonden raised its stake in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) by 4.3% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 4,900 shares of the restaurant operator’s stock after acquiring an additional 200 shares during the quarter. Andra AP fonden’s holdings in Chipotle Mexican Grill were worth $1,508,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. Korea Investment CORP boosted its position in Chipotle Mexican Grill by 140.2% during the 2nd quarter. Korea Investment CORP now owns 269 shares of the restaurant operator’s stock valued at $112,000 after acquiring an additional 157 shares in the last quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA boosted its position in Chipotle Mexican Grill by 15.7% during 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 acquiring an additional 55 shares in the last quarter. Mercer Capital Advisers Inc. bought a new stake in Chipotle Mexican Grill during the 3rd quarter valued at $183,000. Harbour Capital Advisors LLC boosted its position in Chipotle Mexican Grill by 30,455.0% during the 2nd quarter. Harbour Capital Advisors LLC now owns 82,804 shares of the restaurant operator’s stock valued at $199,000 after acquiring an additional 82,533 shares in the last quarter. Finally, Blue Sky Asset Management LLC bought a new stake in Chipotle Mexican Grill during the 2nd quarter valued at $200,000. 90.72% of the stock is currently owned by institutional investors and hedge funds.
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Chipotle Mexican Grill, Inc. (NYSE:CMG) opened at $279.45 on Monday. The firm has a market capitalization of $7,889.69, a P/E ratio of 48.18, a PEG ratio of 2.42 and a beta of 0.44. Chipotle Mexican Grill, Inc. has a twelve month low of $264.90 and a twelve month high of $499.00.
Chipotle Mexican Grill (NYSE:CMG) last issued 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). The company had revenue of $1.13 billion for the quarter, compared to analyst estimates of $1.14 billion. Chipotle Mexican Grill had a return on equity of 11.80% and a net margin of 3.37%. The company’s revenue for the quarter was up 8.8% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.56 earnings per share. research analysts forecast that Chipotle Mexican Grill, Inc. will post 6.59 EPS for the current year.
CMG has been the subject of a number of recent analyst reports. Credit Suisse Group lowered their price objective on Chipotle Mexican Grill from $320.00 to $275.00 and set a “neutral” rating for the company in a research report on Wednesday, October 25th. Robert W. Baird reissued a “hold” rating and issued a $340.00 price objective (down previously from $385.00) on shares of Chipotle Mexican Grill in a research report on Tuesday, October 3rd. Raymond James Financial, Inc. reissued an “underperform” rating and issued a $392.00 price objective on shares of Chipotle Mexican Grill in a research report on Friday, July 21st. Standpoint Research raised Chipotle Mexican Grill from an “underperform” rating to a “hold” rating in a research report on Friday, August 25th. Finally, Royal Bank Of Canada lowered their price objective on Chipotle Mexican Grill from $440.00 to $330.00 and set a “sector perform” rating for the company in a research report on Friday, October 20th. Eight equities research analysts have rated the stock with a sell rating, twenty-two have issued a hold rating, nine have given a buy rating and one has given a strong buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $356.06.
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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