New Mexico Educational Retirement Board cut its position in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) by 6.9% during the second quarter, Holdings Channel reports. The institutional investor owned 2,688 shares of the restaurant operator’s stock after selling 200 shares during the period. New Mexico Educational Retirement Board’s holdings in Chipotle Mexican Grill were worth $924,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of CMG. Covenant Asset Management LLC raised its position in shares of Chipotle Mexican Grill by 0.5% in the second quarter. Covenant Asset Management LLC now owns 2,187 shares of the restaurant operator’s stock worth $910,000 after buying an additional 10 shares in the last quarter. Tufton Capital Management raised its position in shares of Chipotle Mexican Grill by 1.3% in the second quarter. Tufton Capital Management now owns 804 shares of the restaurant operator’s stock worth $335,000 after buying an additional 10 shares in the last quarter. Eqis Capital Management Inc. raised its position in shares of Chipotle Mexican Grill by 0.6% in the first quarter. Eqis Capital Management Inc. now owns 1,730 shares of the restaurant operator’s stock worth $771,000 after buying an additional 11 shares in the last quarter. Pacer Advisors Inc. raised its position in shares of Chipotle Mexican Grill by 2.4% in the first quarter. Pacer Advisors Inc. now owns 469 shares of the restaurant operator’s stock worth $209,000 after buying an additional 11 shares in the last quarter. Finally, Capital Analysts LLC raised its position in shares of Chipotle Mexican Grill by 2.9% in the first quarter. Capital Analysts LLC now owns 427 shares of the restaurant operator’s stock worth $190,000 after buying an additional 12 shares in the last quarter. 98.37% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Chipotle Mexican Grill, Inc. (NYSE CMG) opened at 322.78 on Wednesday. The stock has a market capitalization of $9.20 billion, a PE ratio of 69.39 and a beta of 0.62. The stock’s 50 day moving average is $369.27 and its 200 day moving average is $425.91. Chipotle Mexican Grill, Inc. has a 52-week low of $317.41 and a 52-week high of $499.00.

Chipotle Mexican Grill (NYSE:CMG) last released its quarterly earnings results on Tuesday, July 25th. The restaurant operator reported $2.32 earnings per share for the quarter, beating the Zacks’ consensus estimate of $2.16 by $0.16. The business had revenue of $1.17 billion during the quarter, compared to analyst estimates of $1.19 billion. Chipotle Mexican Grill had a net margin of 3.17% and a return on equity of 10.65%. The business’s revenue was up 17.1% on a year-over-year basis. During the same period last year, the business earned $0.87 EPS. Equities research analysts expect that Chipotle Mexican Grill, Inc. will post $7.73 earnings per share for the current fiscal year.

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A number of research analysts recently weighed in on the stock. Barclays PLC raised their price target on shares of Chipotle Mexican Grill from $395.00 to $415.00 and gave the company an “equal weight” rating in a research note on Wednesday, April 26th. Cowen and Company raised their price target on shares of Chipotle Mexican Grill from $375.00 to $440.00 and gave the company a “market perform” rating in a research note on Wednesday, April 26th. J P Morgan Chase & Co raised their price target on shares of Chipotle Mexican Grill from $365.00 to $420.00 and gave the company a “neutral” rating in a research note on Wednesday, April 26th. Vetr raised shares of Chipotle Mexican Grill from a “sell” rating to a “hold” rating and set a $493.69 price target on the stock in a research note on Monday, May 15th. Finally, UBS AG decreased their price target on shares of Chipotle Mexican Grill from $460.00 to $445.00 and set a “neutral” rating on the stock in a research note on Tuesday, June 27th. Seven research analysts have rated the stock with a sell rating, twenty-three have given a hold rating, ten have given a buy rating and one has given a strong buy rating to the company. The company has an average rating of “Hold” and an average price target of $405.15.

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.

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

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