Waddell & Reed Financial Inc. lessened its position in Chipotle Mexican Grill, Inc. (NYSE:CMG) by 5.2% in the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 459,069 shares of the restaurant operator’s stock after selling 25,265 shares during the quarter. Waddell & Reed Financial Inc. owned approximately 1.65% of Chipotle Mexican Grill worth $198,029,000 as of its most recent filing with the SEC.

Several other large investors have also recently modified their holdings of the stock. Canada Pension Plan Investment Board increased its stake in Chipotle Mexican Grill by 636.4% in the 2nd quarter. Canada Pension Plan Investment Board now owns 243 shares of the restaurant operator’s stock valued at $105,000 after buying an additional 210 shares during the period. Piedmont Investment Advisors LLC acquired a new position in Chipotle Mexican Grill in the 2nd quarter valued at approximately $119,000. Dupont Capital Management Corp acquired a new position in Chipotle Mexican Grill in the 2nd quarter valued at approximately $123,000. Bessemer Group Inc. acquired a new position in Chipotle Mexican Grill in the 2nd quarter valued at approximately $184,000. Finally, Advisor Partners LLC acquired a new position in Chipotle Mexican Grill in the 2nd quarter valued at approximately $205,000. Institutional investors and hedge funds own 88.07% of the company’s stock.

In related news, Director Pershing Square Capital Manage sold 823,357 shares of the firm’s stock in a transaction on Tuesday, August 28th. The shares were sold at an average price of $487.29, for a total value of $401,213,632.53. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 2.19% of the company’s stock.

Shares of CMG opened at $493.84 on Thursday. Chipotle Mexican Grill, Inc. has a 12 month low of $247.51 and a 12 month high of $530.68. The firm has a market cap of $13.57 billion, a PE ratio of 74.82, a price-to-earnings-growth ratio of 3.19 and a beta of 0.44.

Chipotle Mexican Grill (NYSE:CMG) last posted its earnings results on Thursday, July 26th. The restaurant operator reported $2.87 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 business had revenue of $1.27 billion for the quarter, compared to analyst estimates of $1.26 billion. research analysts forecast that Chipotle Mexican Grill, Inc. will post 8.59 earnings per share for the current year.

CMG has been the topic of several research reports. TheStreet upgraded shares of Chipotle Mexican Grill from a “c+” rating to a “b-” rating in a research note on Thursday, June 14th. SunTrust Banks upped their price objective on shares of Chipotle Mexican Grill to $490.00 and gave the company a “buy” rating in a research note on Friday, June 29th. Argus upgraded shares of Chipotle Mexican Grill from a “hold” rating to a “buy” rating and upped their price objective for the company from $247.52 to $496.14 in a research note on Wednesday, May 16th. Canaccord Genuity upped their price objective on shares of Chipotle Mexican Grill from $425.00 to $500.00 and gave the company a “buy” rating in a research note on Thursday, June 28th. Finally, ValuEngine upgraded shares of Chipotle Mexican Grill from a “hold” rating to a “buy” rating in a research note on Tuesday, July 10th. Six equities research analysts have rated the stock with a sell rating, eighteen have given a hold rating and eleven have issued a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $417.73.

About Chipotle Mexican Grill

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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