Profund Advisors LLC increased its holdings in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) by 22.2% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 1,151 shares of the restaurant operator’s stock after buying an additional 209 shares during the quarter. Profund Advisors LLC’s holdings in Chipotle Mexican Grill were worth $479,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. UBS Asset Management Americas Inc. boosted its stake in Chipotle Mexican Grill by 6.7% in the first quarter. UBS Asset Management Americas Inc. now owns 77,918 shares of the restaurant operator’s stock valued at $34,714,000 after buying an additional 4,890 shares in the last quarter. Sei Investments Co. grew its position in Chipotle Mexican Grill by 0.5% in the first quarter. Sei Investments Co. now owns 3,765 shares of the restaurant operator’s stock valued at $1,678,000 after acquiring an additional 19 shares during the last quarter. Mutual of America Capital Management LLC raised its stake in Chipotle Mexican Grill by 4.2% during the first quarter. Mutual of America Capital Management LLC now owns 3,689 shares of the restaurant operator’s stock worth $1,644,000 after acquiring an additional 150 shares in the last quarter. Pacer Advisors Inc. raised its stake in Chipotle Mexican Grill by 2.4% during the first quarter. Pacer Advisors Inc. now owns 469 shares of the restaurant operator’s stock worth $209,000 after acquiring an additional 11 shares in the last quarter. Finally, KBC Group NV raised its stake in Chipotle Mexican Grill by 20.3% during the first quarter. KBC Group NV now owns 2,640 shares of the restaurant operator’s stock worth $1,176,000 after acquiring an additional 446 shares in the last quarter. Institutional investors and hedge funds own 90.08% of the company’s stock.

Shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) opened at 307.83 on Monday. The stock has a market capitalization of $8.78 billion, a price-to-earnings ratio of 66.17 and a beta of 0.60. The company has a 50-day moving average price of $318.10 and a 200-day moving average price of $407.26. Chipotle Mexican Grill, Inc. has a 52-week low of $295.11 and a 52-week high of $499.00.

Chipotle Mexican Grill (NYSE:CMG) last posted its quarterly earnings results on Tuesday, July 25th. The restaurant operator reported $2.32 earnings per share for the quarter, topping the consensus estimate of $2.16 by $0.16. The company had revenue of $1.17 billion for the quarter, compared to the consensus estimate of $1.19 billion. Chipotle Mexican Grill had a return on equity of 10.65% and a net margin of 3.17%. The firm’s quarterly revenue was up 17.1% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.87 EPS. On average, equities analysts anticipate that Chipotle Mexican Grill, Inc. will post $7.55 earnings per share for the current year.

A number of research analysts have recently commented on the stock. BMO Capital Markets reissued a “market perform” rating and issued a $330.00 target price (down previously from $350.00) on shares of Chipotle Mexican Grill in a report on Wednesday, September 27th. Zacks Investment Research lowered shares of Chipotle Mexican Grill from a “hold” rating to a “strong sell” rating in a report on Tuesday, September 26th. Cowen and Company reaffirmed an “underperform” rating and set a $250.00 price target on shares of Chipotle Mexican Grill in a report on Monday, September 25th. Mizuho reaffirmed a “buy” rating and set a $450.00 price target on shares of Chipotle Mexican Grill in a report on Saturday, September 23rd. Finally, Maxim Group reiterated a “buy” rating and set a $435.00 price objective 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-two have issued a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $398.32.

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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.

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

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