Cornerstone Capital Management Holdings LLC. reduced its position in Chipotle Mexican Grill, Inc. (NYSE:CMG) by 13.8% during the 3rd quarter, according to its most recent filing with the SEC. The firm owned 4,308 shares of the restaurant operator’s stock after selling 689 shares during the quarter. Cornerstone Capital Management Holdings LLC.’s holdings in Chipotle Mexican Grill were worth $1,325,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the business. Vanguard Group Inc. increased its stake in Chipotle Mexican Grill by 2.3% in the 2nd quarter. Vanguard Group Inc. now owns 2,783,059 shares of the restaurant operator’s stock valued at $1,158,031,000 after buying an additional 63,636 shares during the period. Carmignac Gestion boosted its position in shares of Chipotle Mexican Grill by 162.5% during the 2nd quarter. Carmignac Gestion now owns 516,751 shares of the restaurant operator’s stock worth $215,020,000 after purchasing an additional 319,875 shares in the last quarter. Renaissance Technologies LLC boosted its position in shares of Chipotle Mexican Grill by 169.1% during the 2nd quarter. Renaissance Technologies LLC now owns 446,100 shares of the restaurant operator’s stock worth $185,622,000 after purchasing an additional 280,300 shares in the last quarter. Alliancebernstein L.P. boosted its position in shares of Chipotle Mexican Grill by 1.5% during the 2nd quarter. Alliancebernstein L.P. now owns 371,270 shares of the restaurant operator’s stock worth $154,485,000 after purchasing an additional 5,412 shares in the last quarter. Finally, TIAA CREF Investment Management LLC boosted its position in shares of Chipotle Mexican Grill by 11.6% during the 2nd quarter. TIAA CREF Investment Management LLC now owns 360,227 shares of the restaurant operator’s stock worth $149,890,000 after purchasing an additional 37,425 shares in the last quarter. 88.43% of the stock is currently owned by institutional investors.

Several equities research analysts have commented on CMG shares. Mizuho restated a “buy” rating and set a $450.00 target price on shares of Chipotle Mexican Grill in a research report on Saturday, September 23rd. Maxim Group restated a “buy” rating and set a $435.00 target price on shares of Chipotle Mexican Grill in a research report on Thursday, September 21st. Piper Jaffray Companies set a $510.00 target price on shares of Chipotle Mexican Grill and gave the stock a “buy” rating in a research report on Wednesday, October 11th. SunTrust Banks set a $390.00 target price on shares of Chipotle Mexican Grill and gave the stock a “buy” rating in a research report on Thursday, October 19th. Finally, Barclays decreased their target price on shares of Chipotle Mexican Grill from $370.00 to $325.00 and set an “equal weight” rating on the stock in a research report on Wednesday, October 18th. Six equities research analysts have rated the stock with a sell rating, twenty-four have assigned a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $357.00.

Shares of Chipotle Mexican Grill, Inc. (CMG) opened at $295.23 on Friday. Chipotle Mexican Grill, Inc. has a 1 year low of $263.00 and a 1 year high of $499.00. The company has a market cap of $8,340.00, a PE ratio of 57.22, a P/E/G ratio of 2.53 and a beta of 0.49.

Chipotle Mexican Grill (NYSE:CMG) last released its quarterly earnings data on Tuesday, October 24th. The restaurant operator reported $1.33 EPS for the quarter, missing the consensus estimate of $2.24 by ($0.91). The business had revenue of $1.13 billion during the quarter, compared to analysts’ expectations of $1.14 billion. Chipotle Mexican Grill had a return on equity of 11.80% and a net margin of 3.37%. Chipotle Mexican Grill’s quarterly revenue was up 8.8% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.56 earnings per share. analysts expect that Chipotle Mexican Grill, Inc. will post 6.61 EPS for the current year.

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About Chipotle Mexican Grill

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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