Chipotle Mexican Grill, Inc. (CMG) Stake Lessened by Rhumbline Advisers

Rhumbline Advisers reduced its position in Chipotle Mexican Grill, Inc. (NYSE:CMG) by 2.8% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 54,169 shares of the restaurant operator’s stock after selling 1,535 shares during the quarter. Rhumbline Advisers owned about 0.19% of Chipotle Mexican Grill worth $16,675,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Carmignac Gestion grew its holdings in shares of Chipotle Mexican Grill by 162.5% during the 2nd quarter. Carmignac Gestion now owns 516,751 shares of the restaurant operator’s stock valued at $215,020,000 after purchasing an additional 319,875 shares during the last quarter. Renaissance Technologies LLC boosted its position in Chipotle Mexican Grill by 169.1% during the 2nd quarter. Renaissance Technologies LLC now owns 446,100 shares of the restaurant operator’s stock worth $185,622,000 after buying an additional 280,300 shares during the period. American Century Companies Inc. boosted its position in Chipotle Mexican Grill by 59.8% during the 2nd quarter. American Century Companies Inc. now owns 563,698 shares of the restaurant operator’s stock worth $234,555,000 after buying an additional 210,872 shares during the period. APG Asset Management N.V. boosted its position in Chipotle Mexican Grill by 255.5% during the 2nd quarter. APG Asset Management N.V. now owns 277,125 shares of the restaurant operator’s stock worth $115,312,000 after buying an additional 199,170 shares during the period. Finally, Principal Financial Group Inc. boosted its position in Chipotle Mexican Grill by 196.5% during the 3rd quarter. Principal Financial Group Inc. now owns 267,881 shares of the restaurant operator’s stock worth $82,462,000 after buying an additional 177,530 shares during the period. 88.69% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) traded up $2.98 during trading on Thursday, hitting $313.65. 987,327 shares of the stock were exchanged, compared to its average volume of 1,172,786. The stock has a market capitalization of $8,909.18, a P/E ratio of 54.41, a price-to-earnings-growth ratio of 2.72 and a beta of 0.49. Chipotle Mexican Grill, Inc. has a 52-week low of $263.00 and a 52-week high of $499.00.

Chipotle Mexican Grill (NYSE:CMG) last announced its earnings results on Tuesday, October 24th. The restaurant operator reported $1.33 earnings per share for the quarter, missing analysts’ consensus estimates of $2.24 by ($0.91). The company had revenue of $1.13 billion during the quarter, compared to analysts’ expectations of $1.14 billion. Chipotle Mexican Grill had a net margin of 3.37% and a return on equity of 11.80%. The company’s revenue for the quarter was up 8.8% compared to the same quarter last year. During the same period in the prior year, the business earned $0.56 earnings per share. analysts expect that Chipotle Mexican Grill, Inc. will post 6.63 earnings per share for the current fiscal year.

Several research firms recently commented on CMG. Credit Suisse Group reiterated a “neutral” rating and set a $320.00 target price (down from $335.00) on shares of Chipotle Mexican Grill in a research report on Friday, August 25th. Zacks Investment Research downgraded shares of Chipotle Mexican Grill from a “hold” rating to a “strong sell” rating in a research report on Tuesday, September 26th. Deutsche Bank set a $240.00 price target on shares of Chipotle Mexican Grill and gave the stock a “sell” rating in a research report on Wednesday, October 25th. Nomura dropped their price target on shares of Chipotle Mexican Grill to $338.00 and set a “neutral” rating on the stock in a research report on Thursday, October 19th. Finally, Maxim Group reiterated a “buy” rating and set a $435.00 target price on shares of Chipotle Mexican Grill in a research report on Thursday, September 21st. Seven investment analysts have rated the stock with a sell rating, twenty-four have assigned a hold rating, eight have issued a buy rating and one has given a strong buy rating to the stock. Chipotle Mexican Grill has an average rating of “Hold” and a consensus target price of $355.69.

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Chipotle Mexican Grill 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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