Prudential Financial Inc. cut its position in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) by 7.1% during the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 37,508 shares of the restaurant operator’s stock after selling 2,885 shares during the quarter. Prudential Financial Inc. owned 0.13% of Chipotle Mexican Grill worth $11,546,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently modified their holdings of CMG. Carmignac Gestion grew its holdings in shares of Chipotle Mexican Grill by 162.5% in the 2nd quarter. Carmignac Gestion now owns 516,751 shares of the restaurant operator’s stock worth $215,020,000 after acquiring an additional 319,875 shares during the last quarter. Renaissance Technologies LLC grew its holdings in shares of Chipotle Mexican Grill by 169.1% in the 2nd quarter. Renaissance Technologies LLC now owns 446,100 shares of the restaurant operator’s stock worth $185,622,000 after acquiring an additional 280,300 shares during the last quarter. American Century Companies Inc. grew its holdings in shares of Chipotle Mexican Grill by 59.8% in the 2nd quarter. American Century Companies Inc. now owns 563,698 shares of the restaurant operator’s stock worth $234,555,000 after acquiring an additional 210,872 shares during the last quarter. APG Asset Management N.V. grew its holdings in shares of Chipotle Mexican Grill by 255.5% in the 2nd quarter. APG Asset Management N.V. now owns 277,125 shares of the restaurant operator’s stock worth $115,312,000 after acquiring an additional 199,170 shares during the last quarter. Finally, Numeric Investors LLC grew its holdings in shares of Chipotle Mexican Grill by 8,366.4% in the 2nd quarter. Numeric Investors LLC now owns 110,910 shares of the restaurant operator’s stock worth $46,150,000 after acquiring an additional 109,600 shares during the last quarter. Institutional investors own 88.58% of the company’s stock.

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A number of research firms recently issued reports on CMG. Credit Suisse Group reduced their price objective on Chipotle Mexican Grill from $320.00 to $275.00 and set a “neutral” rating for the company in a research report on Wednesday, October 25th. Robert W. Baird reissued a “hold” rating and issued a $340.00 target price (down from $385.00) on shares of Chipotle Mexican Grill in a report on Tuesday, October 3rd. Standpoint Research raised Chipotle Mexican Grill from an “underperform” rating to a “hold” rating in a report on Friday, August 25th. Royal Bank Of Canada reduced their target price on Chipotle Mexican Grill from $440.00 to $330.00 and set a “sector perform” rating on the stock in a report on Friday, October 20th. Finally, Wedbush reaffirmed a “hold” rating and set a $290.00 price objective on shares of Chipotle Mexican Grill in a report on Wednesday, October 25th. Seven research analysts have rated the stock with a sell rating, twenty-three have issued a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the stock. Chipotle Mexican Grill currently has an average rating of “Hold” and a consensus target price of $356.06.

Shares of Chipotle Mexican Grill, Inc. (NYSE CMG) opened at $279.51 on Wednesday. The firm has a market capitalization of $7,996.98, a P/E ratio of 48.84, a P/E/G ratio of 2.44 and a beta of 0.44. Chipotle Mexican Grill, Inc. has a 52 week low of $263.00 and a 52 week high of $499.00.

Chipotle Mexican Grill (NYSE:CMG) last issued its quarterly earnings data 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). Chipotle Mexican Grill had a net margin of 3.37% and a return on equity of 11.80%. The firm had revenue of $1.13 billion during the quarter, compared to analysts’ expectations of $1.14 billion. During the same quarter in the prior year, the firm posted $0.56 EPS. Chipotle Mexican Grill’s quarterly revenue was up 8.8% compared to the same quarter last year. analysts forecast that Chipotle Mexican Grill, Inc. will post 6.63 earnings per share for the current fiscal year.

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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