Macquarie Group Ltd. held its stake in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 300 shares of the restaurant operator’s stock at the end of the second quarter. Macquarie Group Ltd.’s holdings in Chipotle Mexican Grill were worth $125,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. Korea Investment CORP grew its stake in shares of Chipotle Mexican Grill by 140.2% in the 2nd quarter. Korea Investment CORP now owns 269 shares of the restaurant operator’s stock worth $112,000 after purchasing an additional 157 shares during the last quarter. OLD Mutual Customised Solutions Proprietary Ltd. grew its stake in shares of Chipotle Mexican Grill by 84.5% in the 1st quarter. OLD Mutual Customised Solutions Proprietary Ltd. now owns 369 shares of the restaurant operator’s stock worth $164,000 after purchasing an additional 169 shares during the last quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA grew its stake in shares of Chipotle Mexican Grill by 15.7% in the 2nd quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 406 shares of the restaurant operator’s stock worth $140,000 after purchasing an additional 55 shares during the last quarter. Blue Sky Asset Management LLC acquired a new position in shares of Chipotle Mexican Grill in the 2nd quarter worth approximately $200,000. Finally, CIBC World Markets Inc. acquired a new position in shares of Chipotle Mexican Grill in the 2nd quarter worth approximately $205,000. 89.51% of the stock is currently owned by institutional investors.

CMG has been the topic of several recent research reports. Maxim Group raised shares of Chipotle Mexican Grill from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $440.00 to $470.00 in a research note on Tuesday, July 18th. Mizuho set a $533.00 price objective on shares of Chipotle Mexican Grill and gave the stock a “buy” rating in a research note on Monday, July 17th. SunTrust Banks, Inc. reaffirmed a “buy” rating and issued a $505.00 price objective (down previously from $520.00) on shares of Chipotle Mexican Grill in a research note on Wednesday, July 26th. William Blair reaffirmed a “buy” rating on shares of Chipotle Mexican Grill in a research note on Thursday, August 24th. Finally, Piper Jaffray Companies set a $510.00 price objective on shares of Chipotle Mexican Grill and gave the stock a “buy” rating in a research note on Wednesday, October 11th. Eight research analysts have rated the stock with a sell rating, twenty-two have issued a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $356.06.

Chipotle Mexican Grill, Inc. (CMG) opened at $273.53 on Friday. The stock has a market capitalization of $7.89 billion, a PE ratio of 48.18, a price-to-earnings-growth ratio of 2.42 and a beta of 0.44.

Chipotle Mexican Grill (NYSE:CMG) last posted its quarterly earnings results on Tuesday, October 24th. The restaurant operator reported $1.33 earnings per share for the quarter, missing the Zacks’ consensus estimate of $2.24 by ($0.91). The company had revenue of $1.13 billion for the quarter, compared to analysts’ expectations of $1.14 billion. Chipotle Mexican Grill had a return on equity of 11.80% and a net margin of 3.37%. The business’s revenue for the quarter was up 8.8% on a year-over-year basis. During the same period in the prior year, the business earned $0.56 EPS. analysts forecast that Chipotle Mexican Grill, Inc. will post 6.59 EPS for the current 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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