MML Investors Services LLC grew its holdings in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) by 29.8% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 757 shares of the restaurant operator’s stock after purchasing an additional 174 shares during the period. MML Investors Services LLC’s holdings in Chipotle Mexican Grill were worth $344,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in the company. Carnegie Capital Asset Management LLC lifted its holdings in shares of Chipotle Mexican Grill by 7.1% during the second quarter. Carnegie Capital Asset Management LLC now owns 2,252 shares of the restaurant operator’s stock valued at $1,111,000 after purchasing an additional 150 shares during the last quarter. IFM Investors Pty Ltd lifted its holdings in shares of Chipotle Mexican Grill by 12.6% during the third quarter. IFM Investors Pty Ltd now owns 1,387 shares of the restaurant operator’s stock valued at $630,000 after purchasing an additional 155 shares during the last quarter. Commerce Bank lifted its holdings in shares of Chipotle Mexican Grill by 31.5% during the third quarter. Commerce Bank now owns 681 shares of the restaurant operator’s stock valued at $309,000 after purchasing an additional 163 shares during the last quarter. Qube Research & Technologies Ltd lifted its holdings in shares of Chipotle Mexican Grill by 24.9% during the second quarter. Qube Research & Technologies Ltd now owns 982 shares of the restaurant operator’s stock valued at $424,000 after purchasing an additional 196 shares during the last quarter. Finally, IFP Advisors Inc lifted its holdings in shares of Chipotle Mexican Grill by 34.6% during the second quarter. IFP Advisors Inc now owns 806 shares of the restaurant operator’s stock valued at $348,000 after purchasing an additional 207 shares during the last quarter. Hedge funds and other institutional investors own 91.40% of the company’s stock.

NYSE:CMG opened at $467.43 on Friday. Chipotle Mexican Grill, Inc. has a 12 month low of $247.51 and a 12 month high of $530.68. The company has a market capitalization of $13.06 billion, a price-to-earnings ratio of 55.29, a P/E/G ratio of 3.11 and a beta of 0.23.

Chipotle Mexican Grill (NYSE:CMG) last posted its earnings results on Thursday, October 25th. The restaurant operator reported $2.16 EPS for the quarter, topping analysts’ consensus estimates of $2.00 by $0.16. Chipotle Mexican Grill had a net margin of 3.96% and a return on equity of 17.14%. The business had revenue of $1.23 billion during the quarter, compared to the consensus estimate of $1.23 billion. On average, equities analysts expect that Chipotle Mexican Grill, Inc. will post 8.47 earnings per share for the current year.

In other Chipotle Mexican Grill news, Director Pershing Square Capital Manage sold 118,307 shares of Chipotle Mexican Grill stock in a transaction that occurred on Tuesday, November 6th. The shares were sold at an average price of $472.05, for a total value of $55,846,819.35. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 2.19% of the company’s stock.

Several equities analysts have recently issued reports on the stock. Morgan Stanley upgraded shares of Chipotle Mexican Grill from an “equal weight” rating to an “overweight” rating and lifted their target price for the company from $413.00 to $600.00 in a report on Wednesday, August 15th. Maxim Group restated a “hold” rating and issued a $500.00 price objective (up from $430.00) on shares of Chipotle Mexican Grill in a report on Tuesday, August 28th. UBS Group set a $370.00 price objective on shares of Chipotle Mexican Grill and gave the stock a “sell” rating in a report on Monday, October 22nd. Wells Fargo & Co boosted their price objective on shares of Chipotle Mexican Grill from $415.00 to $420.00 and gave the stock a “market perform” rating in a report on Friday, October 26th. Finally, Piper Jaffray Companies set a $550.00 price objective on shares of Chipotle Mexican Grill and gave the stock a “buy” rating in a report on Monday, October 22nd. Nine analysts have rated the stock with a sell rating, sixteen have given a hold rating and fourteen have issued a buy rating to the stock. Chipotle Mexican Grill has an average rating of “Hold” and a consensus target price of $431.72.

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About Chipotle Mexican Grill

Chipotle Mexican Grill, Inc, together with its subsidiaries, operates Chipotle Mexican Grill restaurants. As of September 30, 2018, it operated 2,424 Chipotle restaurants in the United States, as well as 37 international Chipotle restaurants. The company was founded in 1993 and is headquartered in Newport Beach, California.

See Also: Return on Investment (ROI)

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

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