Boston Common Asset Management LLC trimmed its stake in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) by 8.5% in the 4th quarter, HoldingsChannel reports. The fund owned 8,156 shares of the restaurant operator’s stock after selling 753 shares during the period. Boston Common Asset Management LLC’s holdings in Chipotle Mexican Grill were worth $2,357,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently bought and sold shares of the company. First Interstate Bank grew its stake in Chipotle Mexican Grill by 111.1% during the third quarter. First Interstate Bank now owns 475 shares of the restaurant operator’s stock valued at $146,000 after acquiring an additional 250 shares in the last quarter. Bronfman E.L. Rothschild L.P. grew its stake in Chipotle Mexican Grill by 75.7% during the fourth quarter. Bronfman E.L. Rothschild L.P. now owns 571 shares of the restaurant operator’s stock valued at $165,000 after acquiring an additional 246 shares in the last quarter. Mercer Capital Advisers Inc. purchased a new position in Chipotle Mexican Grill during the third quarter valued at $183,000. National Asset Management Inc. grew its stake in Chipotle Mexican Grill by 35.5% during the second quarter. National Asset Management Inc. now owns 656 shares of the restaurant operator’s stock valued at $274,000 after acquiring an additional 172 shares in the last quarter. Finally, SeaCrest Wealth Management LLC purchased a new position in Chipotle Mexican Grill during the fourth quarter valued at $197,000. 87.00% of the stock is owned by institutional investors.

A number of brokerages have commented on CMG. Zacks Investment Research cut shares of Chipotle Mexican Grill from a “hold” rating to a “sell” rating in a research note on Friday. Goldman Sachs Group reissued a “neutral” rating and issued a $285.00 price objective (down from $330.00) on shares of Chipotle Mexican Grill in a research note on Thursday, February 8th. Wedbush cut shares of Chipotle Mexican Grill from a “hold” rating to a “sell” rating and set a $280.00 price objective for the company. in a research note on Wednesday, February 7th. Barclays dropped their price objective on shares of Chipotle Mexican Grill from $325.00 to $305.00 and set an “equal weight” rating for the company in a research note on Wednesday, February 7th. Finally, Robert W. Baird dropped their price objective on shares of Chipotle Mexican Grill from $310.00 to $295.00 and set a “neutral” rating for the company in a research note on Wednesday, February 7th. Ten equities research analysts have rated the stock with a sell rating, twenty-two have issued a hold rating, seven have given a buy rating and one has given a strong buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $350.28.

Shares of Chipotle Mexican Grill, Inc. (NYSE CMG) opened at $254.45 on Tuesday. The stock has a market cap of $7,180.00, a PE ratio of 41.31, a PEG ratio of 1.66 and a beta of 0.59. Chipotle Mexican Grill, Inc. has a twelve month low of $247.51 and a twelve month high of $499.00.

Chipotle Mexican Grill (NYSE:CMG) last released its earnings results on Tuesday, February 6th. The restaurant operator reported $1.34 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.32 by $0.02. The firm had revenue of $1.11 billion during the quarter, compared to analyst estimates of $1.11 billion. Chipotle Mexican Grill had a net margin of 3.94% and a return on equity of 13.44%. The business’s revenue was up 7.3% on a year-over-year basis. During the same quarter last year, the business earned $0.55 EPS. equities analysts forecast that Chipotle Mexican Grill, Inc. will post 8.38 earnings per share for the current year.

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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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