Rhumbline Advisers lowered its stake in Chipotle Mexican Grill, Inc. (NYSE:CMG) by 2.6% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 55,704 shares of the restaurant operator’s stock after selling 1,484 shares during the period. Rhumbline Advisers’ holdings in Chipotle Mexican Grill were worth $23,178,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. FNY Managed Accounts LLC acquired a new stake in shares of Chipotle Mexican Grill during the first quarter valued at $107,000. Korea Investment CORP increased 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 valued at $112,000 after buying an additional 157 shares during the period. Harbour Capital Advisors LLC acquired a new stake in shares of Chipotle Mexican Grill during the first quarter valued at $121,000. OLD Mutual Customised Solutions Proprietary Ltd. increased its stake in shares of Chipotle Mexican Grill by 84.5% in the first quarter. OLD Mutual Customised Solutions Proprietary Ltd. now owns 369 shares of the restaurant operator’s stock valued at $164,000 after buying an additional 169 shares during the period. Finally, Van ECK Associates Corp increased its stake in shares of Chipotle Mexican Grill by 6.7% in the first quarter. Van ECK Associates Corp now owns 398 shares of the restaurant operator’s stock valued at $177,000 after buying an additional 25 shares during the period. Institutional investors and hedge funds own 98.37% of the company’s stock.

Shares of Chipotle Mexican Grill, Inc. (CMG) opened at 322.78 on Wednesday. Chipotle Mexican Grill, Inc. has a 1-year low of $317.41 and a 1-year high of $499.00. The company’s 50-day moving average is $369.27 and its 200 day moving average is $425.91. The firm has a market capitalization of $9.20 billion, a price-to-earnings ratio of 69.39 and a beta of 0.62.

Chipotle Mexican Grill (NYSE:CMG) last issued its earnings results on Tuesday, July 25th. The restaurant operator reported $2.32 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.16 by $0.16. The company had revenue of $1.17 billion for 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 company’s revenue for the quarter was up 17.1% on a year-over-year basis. During the same quarter last year, the firm earned $0.87 EPS. On average, analysts expect that Chipotle Mexican Grill, Inc. will post $7.73 EPS for the current fiscal year.

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A number of equities research analysts recently commented on CMG shares. UBS AG reduced their price objective on shares of Chipotle Mexican Grill from $460.00 to $445.00 and set a “neutral” rating for the company in a research report on Tuesday, June 27th. Canaccord Genuity restated a “hold” rating and issued a $440.00 price objective on shares of Chipotle Mexican Grill in a research report on Tuesday, June 20th. Zacks Investment Research upgraded shares of Chipotle Mexican Grill from a “sell” rating to a “hold” rating in a research report on Friday, August 4th. J P Morgan Chase & Co raised their price objective on shares of Chipotle Mexican Grill from $365.00 to $420.00 and gave the company a “neutral” rating in a research report on Wednesday, April 26th. Finally, Instinet restated a “neutral” rating and issued a $480.00 price objective (down previously from $510.00) on shares of Chipotle Mexican Grill in a research report on Tuesday, June 20th. Seven research analysts have rated the stock with a sell rating, twenty-three have assigned a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price 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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