Tocqueville Asset Management L.P. Purchases 1,870 Shares of Chipotle Mexican Grill, Inc. (CMG)

Tocqueville Asset Management L.P. lifted its stake in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) by 9.6% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 21,262 shares of the restaurant operator’s stock after purchasing an additional 1,870 shares during the period. Tocqueville Asset Management L.P. owned about 0.07% of Chipotle Mexican Grill worth $6,545,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently added to or reduced their stakes in the company. Carmignac Gestion boosted its position in Chipotle Mexican Grill by 162.5% during the second quarter. Carmignac Gestion now owns 516,751 shares of the restaurant operator’s stock worth $215,020,000 after acquiring an additional 319,875 shares during the last quarter. Renaissance Technologies LLC boosted its holdings in Chipotle Mexican Grill by 169.1% in the 2nd quarter. Renaissance Technologies LLC now owns 446,100 shares of the restaurant operator’s stock valued at $185,622,000 after purchasing an additional 280,300 shares during the last quarter. American Century Companies Inc. boosted its holdings in Chipotle Mexican Grill by 59.8% in the 2nd quarter. American Century Companies Inc. now owns 563,698 shares of the restaurant operator’s stock valued at $234,555,000 after purchasing an additional 210,872 shares during the last quarter. APG Asset Management N.V. lifted its holdings in shares of Chipotle Mexican Grill by 255.5% in the 2nd quarter. APG Asset Management N.V. now owns 277,125 shares of the restaurant operator’s stock worth $115,312,000 after acquiring an additional 199,170 shares during the last quarter. Finally, Numeric Investors LLC lifted its holdings in shares of Chipotle Mexican Grill by 8,366.4% in the 2nd quarter. Numeric Investors LLC now owns 110,910 shares of the restaurant operator’s stock worth $46,150,000 after acquiring an additional 109,600 shares during the last quarter. 90.72% of the stock is owned by institutional investors and hedge funds.

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Several equities research analysts recently weighed in on the stock. Credit Suisse Group cut their target price on shares of Chipotle Mexican Grill from $320.00 to $275.00 and set a “neutral” rating on the stock in a research note on Wednesday, October 25th. Robert W. Baird reaffirmed a “hold” rating and set a $340.00 target price (down from $385.00) on shares of Chipotle Mexican Grill in a research note 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 shares of Chipotle Mexican Grill from an “underperform” rating to a “hold” rating in a research report on Friday, August 25th. Finally, Royal Bank Of Canada dropped their target price on shares of Chipotle Mexican Grill from $440.00 to $330.00 and set a “sector perform” rating on the stock in a research report on Friday, October 20th. Eight equities research analysts have rated the stock with a sell rating, twenty-two have assigned a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $356.06.

Shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) opened at $282.70 on Tuesday. The stock has a market capitalization of $7,889.69, a PE ratio of 48.18, a price-to-earnings-growth ratio of 2.42 and a beta of 0.44. Chipotle Mexican Grill, Inc. has a twelve month low of $263.00 and a twelve month high of $499.00.

Chipotle Mexican Grill (NYSE:CMG) last posted its quarterly earnings data on Tuesday, October 24th. The restaurant operator reported $1.33 earnings per share (EPS) 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%. Chipotle Mexican Grill’s quarterly revenue was up 8.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.56 EPS. equities research analysts forecast that Chipotle Mexican Grill, Inc. will post 6.59 earnings per share for the current year.

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.

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

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