Tocqueville Asset Management L.P. grew its stake in Chipotle Mexican Grill, Inc. (NYSE:CMG) by 9.6% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 21,262 shares of the restaurant operator’s stock after purchasing an additional 1,870 shares during the quarter. Tocqueville Asset Management L.P. owned about 0.07% of Chipotle Mexican Grill worth $6,545,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of CMG. Carmignac Gestion lifted its stake 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 valued at $215,020,000 after purchasing an additional 319,875 shares during the period. Renaissance Technologies LLC lifted its stake 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 valued at $185,622,000 after purchasing an additional 280,300 shares during the period. American Century Companies Inc. lifted its stake 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 valued at $234,555,000 after purchasing an additional 210,872 shares during the period. APG Asset Management N.V. lifted its stake 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 valued at $115,312,000 after purchasing an additional 199,170 shares during the period. Finally, Numeric Investors LLC lifted its stake 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 valued at $46,150,000 after purchasing an additional 109,600 shares during the period. 89.51% of the stock is currently owned by institutional investors.

Several brokerages recently commented on CMG. Goldman Sachs Group, Inc. (The) dropped their price objective on Chipotle Mexican Grill from $440.00 to $375.00 and set a “neutral” rating on the stock in a research note on Tuesday, July 25th. Maxim Group reaffirmed a “buy” rating and set a $435.00 price objective (down previously from $470.00) on shares of Chipotle Mexican Grill in a research note on Wednesday, July 26th. Cowen and Company reaffirmed a “market perform” rating and set a $440.00 price objective on shares of Chipotle Mexican Grill in a research note on Friday, July 21st. Credit Suisse Group reaffirmed a “neutral” rating and set a $320.00 price objective (down previously from $335.00) on shares of Chipotle Mexican Grill in a research note on Friday, August 25th. Finally, Zacks Investment Research downgraded Chipotle Mexican Grill from a “hold” rating to a “strong sell” rating in a research note on Tuesday, September 26th. Eight equities research analysts have rated the stock with a sell rating, twenty-two have issued a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $356.06.

Shares of Chipotle Mexican Grill, Inc. (NYSE CMG) opened at $273.53 on Friday. Chipotle Mexican Grill, Inc. has a 1 year low of $264.90 and a 1 year high of $499.00. The firm has a market cap of $7,722.57, a P/E ratio of 47.16, a PEG ratio of 2.37 and a beta of 0.44.

Chipotle Mexican Grill (NYSE:CMG) last released its quarterly earnings results on Tuesday, October 24th. The restaurant operator reported $1.33 earnings per share for the quarter, missing analysts’ consensus estimates 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 business had revenue of $1.13 billion during the quarter, compared to analyst estimates of $1.14 billion. During the same quarter in the previous year, the firm posted $0.56 earnings per share. The firm’s quarterly revenue was up 8.8% on a year-over-year basis. equities research analysts expect that Chipotle Mexican Grill, Inc. will post 6.59 EPS for the current fiscal year.

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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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