Mackenzie Financial Corp lifted its holdings in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) by 509.4% in the third quarter, according to its most recent filing with the SEC. The firm owned 6,478 shares of the restaurant operator’s stock after acquiring an additional 5,415 shares during the period. Mackenzie Financial Corp’s holdings in Chipotle Mexican Grill were worth $1,994,000 as of its most recent filing with the SEC.

Several other large investors have also added to or reduced their stakes in the company. Korea Investment CORP raised 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 acquiring an additional 157 shares during the last quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA raised 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 acquiring an additional 55 shares during the last quarter. First Interstate Bank raised its stake 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 worth $146,000 after acquiring an additional 250 shares during the last quarter. Mercer Capital Advisers Inc. bought a new position in shares of Chipotle Mexican Grill in the third quarter worth about $183,000. Finally, CIBC World Markets Inc. bought a new position in shares of Chipotle Mexican Grill in the second quarter worth about $205,000. 88.69% of the stock is owned by institutional investors.

A number of equities analysts have weighed in on CMG shares. Credit Suisse Group dropped their target price on shares of Chipotle Mexican Grill from $320.00 to $275.00 and set a “neutral” rating for the company in a research note on Wednesday, October 25th. Robert W. Baird reaffirmed a “hold” rating and issued a $340.00 target price (down from $385.00) on shares of Chipotle Mexican Grill in a research note on Tuesday, October 3rd. Standpoint Research raised shares of Chipotle Mexican Grill from an “underperform” rating to a “hold” rating in a research note on Friday, August 25th. Royal Bank Of Canada dropped their target price on shares of Chipotle Mexican Grill from $440.00 to $330.00 and set a “sector perform” rating for the company in a research note on Friday, October 20th. Finally, Wedbush reaffirmed a “hold” rating and issued a $290.00 target price on shares of Chipotle Mexican Grill in a research note on Wednesday, October 25th. Seven equities research analysts have rated the stock with a sell rating, twenty-four have given a hold rating, eight have given a buy rating and one has issued a strong buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $355.69.

Chipotle Mexican Grill, Inc. (NYSE:CMG) opened at $315.90 on Friday. The stock has a market cap of $8,918.80, a P/E ratio of 54.47, a P/E/G ratio of 2.72 and a beta of 0.49. Chipotle Mexican Grill, Inc. has a 1-year low of $263.00 and a 1-year high of $499.00.

Chipotle Mexican Grill (NYSE:CMG) last released its quarterly earnings results on Tuesday, October 24th. The restaurant operator reported $1.33 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $2.24 by ($0.91). The company had revenue of $1.13 billion during the quarter, compared to analyst estimates of $1.14 billion. Chipotle Mexican Grill had a net margin of 3.37% and a return on equity of 11.80%. The firm’s quarterly revenue was up 8.8% compared to the same quarter last year. During the same quarter last year, the company earned $0.56 EPS. equities research analysts forecast that Chipotle Mexican Grill, Inc. will post 6.63 earnings per share for the current fiscal 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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