Cutter & CO Brokerage Inc. Boosts Stake in Chipotle Mexican Grill, Inc. (CMG)

Cutter & CO Brokerage Inc. boosted its stake in Chipotle Mexican Grill, Inc. (NYSE:CMG) by 19.0% during the first quarter, according to its most recent 13F filing with the SEC. The firm owned 753 shares of the restaurant operator’s stock after buying an additional 120 shares during the period. Cutter & CO Brokerage Inc.’s holdings in Chipotle Mexican Grill were worth $335,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. FMR LLC boosted its position in shares of Chipotle Mexican Grill by 27.5% in the fourth quarter. FMR LLC now owns 3,281,840 shares of the restaurant operator’s stock valued at $1,238,304,000 after buying an additional 707,970 shares during the last quarter. State Street Corp boosted its position in shares of Chipotle Mexican Grill by 2.0% in the fourth quarter. State Street Corp now owns 1,192,823 shares of the restaurant operator’s stock valued at $450,073,000 after buying an additional 23,087 shares during the last quarter. Pershing Square Capital Management L.P. purchased a new position in shares of Chipotle Mexican Grill during the third quarter valued at about $234,709,000. Sustainable Growth Advisers LP boosted its position in shares of Chipotle Mexican Grill by 20.8% in the third quarter. Sustainable Growth Advisers LP now owns 361,306 shares of the restaurant operator’s stock valued at $153,013,000 after buying an additional 62,105 shares during the last quarter. Finally, American Century Companies Inc. boosted its position in shares of Chipotle Mexican Grill by 26.5% in the first quarter. American Century Companies Inc. now owns 352,826 shares of the restaurant operator’s stock valued at $157,191,000 after buying an additional 73,914 shares during the last quarter. 96.62% of the stock is currently owned by institutional investors and hedge funds.

Institutional Ownership by Quarter for Chipotle Mexican Grill (NYSE:CMG)

Chipotle Mexican Grill, Inc. (NYSE:CMG) traded up 0.05% during trading on Friday, reaching $484.99. The company had a trading volume of 590,661 shares. The firm has a market capitalization of $13.90 billion, a price-to-earnings ratio of 150.01 and a beta of 0.59. Chipotle Mexican Grill, Inc. has a 52 week low of $352.96 and a 52 week high of $499.00. The company’s 50-day moving average is $471.04 and its 200 day moving average is $419.30.

Chipotle Mexican Grill (NYSE:CMG) last posted its earnings results on Tuesday, April 25th. The restaurant operator reported $1.60 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.28 by $0.32. The company had revenue of $1.07 billion during the quarter, compared to analysts’ expectations of $1.05 billion. Chipotle Mexican Grill had a return on equity of 2.60% and a net margin of 0.59%. The firm’s quarterly revenue was up 28.1% compared to the same quarter last year. During the same quarter last year, the firm earned ($0.88) earnings per share. Equities analysts anticipate that Chipotle Mexican Grill, Inc. will post $8.48 EPS for the current year.

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CMG has been the topic of several research reports. SunTrust Banks, Inc. raised their target price on Chipotle Mexican Grill from $500.00 to $550.00 and gave the stock a “buy” rating in a research report on Wednesday, April 26th. Argus reaffirmed a “hold” rating on shares of Chipotle Mexican Grill in a research report on Wednesday, February 22nd. Standpoint Research started coverage on Chipotle Mexican Grill in a research report on Wednesday, April 19th. They set a “sell” rating and a $420.00 price objective on the stock. Vetr raised Chipotle Mexican Grill from a “sell” rating to a “hold” rating and set a $400.09 price objective on the stock in a research report on Monday, February 6th. Finally, Robert W. Baird reaffirmed a “neutral” rating on shares of Chipotle Mexican Grill in a research report on Tuesday, February 7th. Seven investment analysts have rated the stock with a sell rating, nineteen have assigned a hold rating and eleven have issued a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $442.64.

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.

5 Day Chart for NYSE:CMG

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