Stoneridge Investment Partners LLC bought a new position in Chipotle Mexican Grill, Inc. (NYSE:CMG) during the second quarter, Holdings Channel reports. The firm bought 3,514 shares of the restaurant operator’s stock, valued at approximately $1,462,000.

Other hedge funds have also recently made changes to their positions in the company. FNY Managed Accounts LLC purchased a new stake in shares of Chipotle Mexican Grill during the first quarter worth about $107,000. Korea Investment CORP raised 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 worth $112,000 after buying an additional 157 shares during the period. Harbour Capital Advisors LLC purchased a new stake in shares of Chipotle Mexican Grill during the first quarter worth about $121,000. OLD Mutual Customised Solutions Proprietary Ltd. raised 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 worth $164,000 after buying an additional 169 shares during the period. Finally, Van ECK Associates Corp raised 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 worth $177,000 after buying an additional 25 shares during the period. Hedge funds and other institutional investors own 97.27% of the company’s stock.

Chipotle Mexican Grill, Inc. (NYSE CMG) opened at 334.61 on Thursday. The firm’s 50-day moving average is $379.94 and its 200-day moving average is $428.51. Chipotle Mexican Grill, Inc. has a 1-year low of $328.88 and a 1-year high of $499.00. The firm has a market capitalization of $9.54 billion, a price-to-earnings ratio of 71.93 and a beta of 0.62.

Chipotle Mexican Grill (NYSE:CMG) last announced its quarterly earnings data on Tuesday, July 25th. The restaurant operator reported $2.32 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.16 by $0.16. Chipotle Mexican Grill had a net margin of 3.17% and a return on equity of 10.65%. The company had revenue of $1.17 billion during the quarter, compared to analysts’ expectations of $1.19 billion. During the same quarter in the prior year, the company posted $0.87 EPS. The business’s revenue was up 17.1% on a year-over-year basis. On average, equities analysts anticipate that Chipotle Mexican Grill, Inc. will post $7.73 EPS for the current year.

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CMG has been the topic of a number of analyst reports. Nomura decreased their target price on shares of Chipotle Mexican Grill from $510.00 to $480.00 in a research report on Tuesday, June 20th. Buckingham Research reiterated a “buy” rating and issued a $547.00 price target on shares of Chipotle Mexican Grill in a report on Tuesday, April 25th. SunTrust Banks, Inc. lifted their price target on shares of Chipotle Mexican Grill from $500.00 to $550.00 and gave the company a “buy” rating in a report on Wednesday, April 26th. Argus upgraded shares of Chipotle Mexican Grill from a “hold” rating to a “buy” rating and lifted their price target for the company from $447.88 to $550.00 in a report on Thursday, May 25th. Finally, Vetr upgraded shares of Chipotle Mexican Grill from a “hold” rating to a “buy” rating and set a $498.87 price target on the stock in a report on Tuesday, May 30th. 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 assigned a strong buy rating to the company’s stock. The stock presently 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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