Rhumbline Advisers lowered its stake in Chipotle Mexican Grill, Inc. (NYSE:CMG) by 2.8% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 54,169 shares of the restaurant operator’s stock after selling 1,535 shares during the quarter. Rhumbline Advisers owned about 0.19% of Chipotle Mexican Grill worth $16,675,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of CMG. Aperio Group LLC lifted its holdings in Chipotle Mexican Grill by 6.8% in the second quarter. Aperio Group LLC now owns 9,949 shares of the restaurant operator’s stock worth $4,140,000 after purchasing an additional 635 shares during the period. APG Asset Management N.V. lifted its holdings in Chipotle Mexican Grill by 255.5% in the second quarter. APG Asset Management N.V. now owns 277,125 shares of the restaurant operator’s stock worth $115,312,000 after purchasing an additional 199,170 shares during the period. Jag Capital Management LLC lifted its holdings in Chipotle Mexican Grill by 4.0% in the second quarter. Jag Capital Management LLC now owns 2,615 shares of the restaurant operator’s stock worth $1,088,000 after purchasing an additional 100 shares during the period. First Midwest Bank Trust Division acquired a new stake in Chipotle Mexican Grill in the second quarter worth about $1,825,000. Finally, Russell Investments Group Ltd. lifted its holdings in Chipotle Mexican Grill by 27.0% in the second quarter. Russell Investments Group Ltd. now owns 153,908 shares of the restaurant operator’s stock worth $64,039,000 after purchasing an additional 32,720 shares during the period. 88.58% of the stock is owned by institutional investors and hedge funds.

Shares of Chipotle Mexican Grill, Inc. (NYSE CMG) opened at $279.51 on Wednesday. The company has a market capitalization of $7,996.98, a P/E ratio of 48.84, a P/E/G ratio of 2.44 and a beta of 0.44. Chipotle Mexican Grill, Inc. has a 52-week low of $263.00 and a 52-week high of $499.00.

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

Several brokerages have commented on CMG. Zacks Investment Research upgraded shares of Chipotle Mexican Grill from a “sell” rating to a “hold” rating in a research report on Friday, August 4th. BMO Capital Markets reiterated a “market perform” rating and issued a $275.00 price target (down from $330.00) on shares of Chipotle Mexican Grill in a research report on Wednesday, October 25th. Robert W. Baird set a $300.00 price target on shares of Chipotle Mexican Grill and gave the stock a “hold” rating in a research report on Wednesday, October 25th. J P Morgan Chase & Co reiterated a “neutral” rating and issued a $380.00 price target (down from $390.00) on shares of Chipotle Mexican Grill in a research report on Wednesday, July 26th. Finally, Canaccord Genuity dropped their price target on shares of Chipotle Mexican Grill from $400.00 to $325.00 and set a “hold” rating on the stock in a research report on Wednesday, October 25th. Seven analysts have rated the stock with a sell rating, twenty-three have assigned a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company. Chipotle Mexican Grill presently has a consensus rating of “Hold” and a consensus price target of $356.06.

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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.

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

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