Heritage Investors Management Corp cut its stake in Chipotle Mexican Grill, Inc. (NYSE:CMG) by 23.8% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 8,699 shares of the restaurant operator’s stock after selling 2,717 shares during the quarter. Heritage Investors Management Corp’s holdings in Chipotle Mexican Grill were worth $2,514,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in CMG. First Interstate Bank grew its position in shares of Chipotle Mexican Grill by 111.1% in the third quarter. First Interstate Bank now owns 475 shares of the restaurant operator’s stock valued at $146,000 after purchasing an additional 250 shares in the last quarter. Bronfman E.L. Rothschild L.P. grew its position in shares of Chipotle Mexican Grill by 75.7% in the fourth quarter. Bronfman E.L. Rothschild L.P. now owns 571 shares of the restaurant operator’s stock valued at $165,000 after purchasing an additional 246 shares in the last quarter. Mercer Capital Advisers Inc. purchased a new position in shares of Chipotle Mexican Grill in the third quarter valued at $183,000. SeaCrest Wealth Management LLC purchased a new position in shares of Chipotle Mexican Grill in the fourth quarter valued at $197,000. Finally, Pacer Advisors Inc. grew its position in shares of Chipotle Mexican Grill by 43.2% in the third quarter. Pacer Advisors Inc. now owns 713 shares of the restaurant operator’s stock valued at $219,000 after purchasing an additional 215 shares in the last quarter. Institutional investors own 87.00% of the company’s stock.

Shares of Chipotle Mexican Grill, Inc. (CMG) opened at $254.45 on Tuesday. Chipotle Mexican Grill, Inc. has a 52 week low of $247.51 and a 52 week high of $499.00. The stock has a market capitalization of $7,135.07, a PE ratio of 38.76, a price-to-earnings-growth ratio of 1.66 and a beta of 0.59.

Chipotle Mexican Grill (NYSE:CMG) last issued its quarterly 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. Chipotle Mexican Grill had a return on equity of 13.44% and a net margin of 3.94%. The firm had revenue of $1.11 billion during the quarter, compared to analyst estimates of $1.11 billion. During the same quarter in the previous year, the company posted $0.55 earnings per share. The company’s revenue was up 7.3% compared to the same quarter last year. equities analysts predict that Chipotle Mexican Grill, Inc. will post 8.38 earnings per share for the current fiscal year.

CMG has been the subject of several recent research reports. Jefferies Group reduced their price target on Chipotle Mexican Grill to $300.00 and set a “positive” rating for the company in a research report on Wednesday, October 25th. ValuEngine cut Chipotle Mexican Grill from a “hold” rating to a “sell” rating in a research report on Sunday, December 31st. Robert W. Baird set a $300.00 target price on Chipotle Mexican Grill and gave the stock a “hold” rating in a research report on Wednesday, October 25th. Maxim Group restated a “buy” rating and set a $425.00 target price (up from $400.00) on shares of Chipotle Mexican Grill in a research report on Thursday, January 18th. Finally, Stifel Nicolaus reduced their target price on Chipotle Mexican Grill from $345.00 to $310.00 and set a “hold” rating for the company in a research report on Wednesday, October 25th. Ten investment 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 stock presently has a consensus rating of “Hold” and a consensus target price of $350.28.

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Chipotle Mexican Grill 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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