Canada Pension Plan Investment Board lifted its holdings in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) by 636.4% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 243 shares of the restaurant operator’s stock after buying an additional 210 shares during the period. Canada Pension Plan Investment Board’s holdings in Chipotle Mexican Grill were worth $105,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Independent Franchise Partners LLP boosted its stake in shares of Chipotle Mexican Grill by 338.4% during the first quarter. Independent Franchise Partners LLP now owns 1,628,881 shares of the restaurant operator’s stock worth $526,307,000 after buying an additional 1,257,323 shares during the period. BlackRock Inc. boosted its stake in shares of Chipotle Mexican Grill by 0.5% during the first quarter. BlackRock Inc. now owns 1,567,172 shares of the restaurant operator’s stock worth $506,368,000 after buying an additional 7,975 shares during the period. Iridian Asset Management LLC CT acquired a new stake in shares of Chipotle Mexican Grill during the first quarter worth about $170,669,000. Slate Path Capital LP acquired a new stake in shares of Chipotle Mexican Grill during the first quarter worth about $130,860,000. Finally, Jennison Associates LLC acquired a new stake in shares of Chipotle Mexican Grill during the second quarter worth about $156,768,000. Institutional investors and hedge funds own 88.06% of the company’s stock.

In other Chipotle Mexican Grill news, Director Pershing Square Capital Manage sold 823,357 shares of the stock in a transaction dated Tuesday, August 28th. The shares were sold at an average price of $487.29, for a total value of $401,213,632.53. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 2.19% of the company’s stock.

Shares of Chipotle Mexican Grill stock opened at $482.03 on Monday. Chipotle Mexican Grill, Inc. has a 12-month low of $247.51 and a 12-month high of $530.68. The stock has a market capitalization of $13.40 billion, a price-to-earnings ratio of 73.03, a P/E/G ratio of 3.24 and a beta of 0.44.

Chipotle Mexican Grill (NYSE:CMG) last issued its earnings results on Thursday, July 26th. The restaurant operator reported $2.87 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $2.78 by $0.09. Chipotle Mexican Grill had a net margin of 3.65% and a return on equity of 15.64%. The company had revenue of $1.27 billion during the quarter, compared to analysts’ expectations of $1.26 billion. equities research analysts anticipate that Chipotle Mexican Grill, Inc. will post 8.59 EPS for the current year.

Several equities research analysts have recently weighed in on the stock. Maxim Group reiterated a “hold” rating and set a $500.00 target price (up previously from $430.00) on shares of Chipotle Mexican Grill in a research note on Tuesday, August 28th. Wedbush downgraded shares of Chipotle Mexican Grill from a “neutral” rating to an “underperform” rating and decreased their target price for the stock from $450.00 to $445.00 in a research note on Monday, August 27th. William Blair reiterated a “hold” rating on shares of Chipotle Mexican Grill in a research note on Thursday, August 23rd. Citigroup increased their target price on shares of Chipotle Mexican Grill from $506.00 to $573.00 and gave the stock a “buy” rating in a research note on Wednesday, August 15th. Finally, Morgan Stanley upgraded shares of Chipotle Mexican Grill from an “equal weight” rating to an “overweight” rating and increased their target price for the stock from $413.00 to $600.00 in a research note on Wednesday, August 15th. Six analysts have rated the stock with a sell rating, eighteen have given a hold rating and eleven have given a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $417.73.

Chipotle Mexican Grill Company Profile

Chipotle Mexican Grill, Inc, together with its subsidiaries, operates Chipotle Mexican Grill restaurants. As of December 31, 2017, it operated 2,363 Chipotle restaurants throughout the United States, as well as 37 international Chipotle restaurants; and 8 non-Chipotle restaurants. The company was founded in 1993 and is based in Denver, Colorado.

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

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