Cim Investment Mangement Inc. cut its position in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) by 1.5% during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,220 shares of the restaurant operator’s stock after selling 18 shares during the period. Cim Investment Mangement Inc.’s holdings in Chipotle Mexican Grill were worth $508,000 at the end of the most recent reporting period.

A number of other large investors have also recently modified their holdings of CMG. FNY Managed Accounts LLC purchased a new stake in shares of Chipotle Mexican Grill during the first quarter worth $107,000. Korea Investment CORP boosted its stake in shares of Chipotle Mexican Grill by 140.2% in the second quarter. Korea Investment CORP now owns 269 shares of the restaurant operator’s stock worth $112,000 after buying an additional 157 shares in the last quarter. Harbour Capital Advisors LLC purchased a new stake in shares of Chipotle Mexican Grill during the first quarter worth $121,000. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA boosted its stake in shares of Chipotle Mexican Grill by 15.7% in the second quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 406 shares of the restaurant operator’s stock worth $140,000 after buying an additional 55 shares in the last quarter. Finally, OLD Mutual Customised Solutions Proprietary Ltd. boosted its stake in shares of Chipotle Mexican Grill by 84.5% in the first quarter. OLD Mutual Customised Solutions Proprietary Ltd. now owns 369 shares of the restaurant operator’s stock worth $164,000 after buying an additional 169 shares in the last quarter. Institutional investors own 90.32% of the company’s stock.

Chipotle Mexican Grill, Inc. (NYSE CMG) opened at 316.6542 on Thursday. The stock has a 50 day moving average price of $346.84 and a 200-day moving average price of $419.75. The stock has a market capitalization of $9.03 billion, a P/E ratio of 68.0684 and a beta of 0.62. Chipotle Mexican Grill, Inc. has a 12-month low of $296.00 and a 12-month high of $499.00.

Chipotle Mexican Grill (NYSE:CMG) last released its earnings results on Tuesday, July 25th. The restaurant operator reported $2.32 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $2.16 by $0.16. The firm had revenue of $1.17 billion during the quarter, compared to analysts’ expectations of $1.19 billion. Chipotle Mexican Grill had a return on equity of 10.65% and a net margin of 3.17%. The company’s revenue was up 17.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.87 EPS. Equities research analysts expect that Chipotle Mexican Grill, Inc. will post $7.61 EPS for the current year.

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A number of equities research analysts have weighed in on the company. Goldman Sachs Group, Inc. (The) reduced their price objective on Chipotle Mexican Grill from $440.00 to $375.00 and set a “neutral” rating for the company in a research note on Tuesday, July 25th. Maxim Group reiterated a “buy” rating and issued a $435.00 price objective (down previously from $470.00) on shares of Chipotle Mexican Grill in a research note on Wednesday, July 26th. Cowen and Company reiterated a “market perform” rating and issued a $440.00 price objective on shares of Chipotle Mexican Grill in a research note on Friday, July 21st. Credit Suisse Group reiterated a “neutral” rating and issued a $320.00 price objective (down previously from $335.00) on shares of Chipotle Mexican Grill in a research note on Friday, August 25th. Finally, Wells Fargo & Company reiterated an “outperform” rating and issued a $470.00 price objective (down previously from $530.00) on shares of Chipotle Mexican Grill in a research note on Monday, June 26th. Five investment analysts have rated the stock with a sell rating, twenty-five have given a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $402.27.

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.

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

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