Cambridge Investment Research Advisors Inc. Buys 1,486 Shares of Chipotle Mexican Grill, Inc. (CMG)

Cambridge Investment Research Advisors Inc. grew its stake in Chipotle Mexican Grill, Inc. (NYSE:CMG) by 48.5% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 4,548 shares of the restaurant operator’s stock after buying an additional 1,486 shares during the quarter. Cambridge Investment Research Advisors Inc.’s holdings in Chipotle Mexican Grill were worth $1,400,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. lifted its stake in Chipotle Mexican Grill by 2.3% during the second quarter. Vanguard Group Inc. now owns 2,783,059 shares of the restaurant operator’s stock worth $1,158,031,000 after purchasing an additional 63,636 shares during the last quarter. American Century Companies Inc. lifted its stake in Chipotle Mexican Grill by 59.8% in the second quarter. American Century Companies Inc. now owns 563,698 shares of the restaurant operator’s stock valued at $234,555,000 after buying an additional 210,872 shares during the last quarter. Carmignac Gestion lifted its stake in Chipotle Mexican Grill by 162.5% in the second quarter. Carmignac Gestion now owns 516,751 shares of the restaurant operator’s stock valued at $215,020,000 after buying an additional 319,875 shares during the last quarter. Renaissance Technologies LLC lifted its stake in Chipotle Mexican Grill by 169.1% in the second quarter. Renaissance Technologies LLC now owns 446,100 shares of the restaurant operator’s stock valued at $185,622,000 after buying an additional 280,300 shares during the last quarter. Finally, Alliancebernstein L.P. lifted its stake in Chipotle Mexican Grill by 1.5% in the second quarter. Alliancebernstein L.P. now owns 371,270 shares of the restaurant operator’s stock valued at $154,485,000 after buying an additional 5,412 shares during the last quarter. Institutional investors and hedge funds own 88.58% of the company’s stock.

A number of research analysts have recently issued reports on CMG shares. Piper Jaffray Companies set a $510.00 target price on Chipotle Mexican Grill and gave the company a “buy” rating in a report on Wednesday, October 11th. Jefferies Group LLC dropped their target price on Chipotle Mexican Grill to $300.00 and set a “positive” rating on the stock in a report on Wednesday, October 25th. Robert W. Baird reissued a “hold” rating and issued a $385.00 target price on shares of Chipotle Mexican Grill in a report on Friday, September 1st. Deutsche Bank AG reaffirmed a “sell” rating and set a $315.00 price objective (down previously from $350.00) on shares of Chipotle Mexican Grill in a report on Wednesday, July 26th. Finally, Stifel Nicolaus dropped their price objective on Chipotle Mexican Grill from $345.00 to $310.00 and set a “hold” rating on the stock in a report on Wednesday, October 25th. Seven analysts have rated the stock with a sell rating, twenty-three have assigned a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $356.06.

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Chipotle Mexican Grill, Inc. (NYSE CMG) traded down $6.59 on Tuesday, reaching $283.25. The company had a trading volume of 760,900 shares, compared to its average volume of 1,165,876. Chipotle Mexican Grill, Inc. has a 12-month low of $263.00 and a 12-month high of $499.00. The firm has a market cap of $8,000.00, a PE ratio of 49.97, a P/E/G ratio of 2.50 and a beta of 0.44.

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

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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