Mitsubishi UFJ Kokusai Asset Management Co. Ltd. lowered its position in Chipotle Mexican Grill, Inc. (NYSE:CMG) by 30.3% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 3,982 shares of the restaurant operator’s stock after selling 1,727 shares during the period. Mitsubishi UFJ Kokusai Asset Management Co. Ltd.’s holdings in Chipotle Mexican Grill were worth $1,226,000 at the end of the most recent quarter.

Other institutional investors have also recently modified their holdings of the company. Korea Investment CORP raised its position 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 acquiring an additional 157 shares during the period. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA raised its position in shares of Chipotle Mexican Grill by 15.7% in the second quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 406 shares of the restaurant operator’s stock worth $140,000 after acquiring an additional 55 shares during the period. Blue Sky Asset Management LLC acquired a new position in shares of Chipotle Mexican Grill in the second quarter worth about $200,000. CIBC World Markets Inc. purchased a new stake in shares of Chipotle Mexican Grill during the second quarter worth about $205,000. Finally, Pacer Advisors Inc. increased its stake in shares of Chipotle Mexican Grill by 6.2% during the second quarter. Pacer Advisors Inc. now owns 498 shares of the restaurant operator’s stock worth $207,000 after purchasing an additional 29 shares in the last quarter. Institutional investors and hedge funds own 90.72% of the company’s stock.

A number of analysts have recently commented on CMG shares. Mizuho set a $533.00 target price on shares of Chipotle Mexican Grill and gave the stock a “buy” rating in a research note on Monday, July 17th. Maxim Group raised shares of Chipotle Mexican Grill from a “hold” rating to a “buy” rating and boosted their target price for the stock from $440.00 to $470.00 in a research note on Tuesday, July 18th. Standpoint Research raised shares of Chipotle Mexican Grill from a “sell” rating to an “underperform” rating and set a $420.00 target price for the company in a research note on Tuesday, July 18th. Telsey Advisory Group raised shares of Chipotle Mexican Grill from a “market perform” rating to an “outperform” rating and set a $440.00 target price for the company in a research note on Wednesday, July 19th. Finally, Wells Fargo & Company cut shares of Chipotle Mexican Grill from an “outperform” rating to a “market perform” rating and cut their target price for the stock from $470.00 to $375.00 in a research note on Wednesday, July 19th. They noted that the move was a valuation call. Eight investment analysts have rated the stock with a sell rating, twenty-two have given a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $356.06.

Shares of Chipotle Mexican Grill, Inc. (NYSE CMG) opened at $277.50 on Tuesday. Chipotle Mexican Grill, Inc. has a fifty-two week low of $263.00 and a fifty-two week high of $499.00. The firm has a market cap of $7,889.69, a price-to-earnings ratio of 48.18, a PEG ratio of 2.42 and a beta of 0.44.

Chipotle Mexican Grill (NYSE:CMG) last announced 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 analyst estimates of $1.14 billion. During the same quarter in the previous year, the business posted $0.56 earnings per share. Chipotle Mexican Grill’s revenue for the quarter was up 8.8% compared to the same quarter last year. research analysts forecast that Chipotle Mexican Grill, Inc. will post 6.59 EPS for the current 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.

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

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