Maple Capital Management Inc. trimmed its position in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) by 3.8% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 14,182 shares of the restaurant operator’s stock after selling 562 shares during the period. Maple Capital Management Inc. owned about 0.05% of Chipotle Mexican Grill worth $6,118,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in CMG. Independent Franchise Partners LLP increased its stake in shares of Chipotle Mexican Grill by 338.4% during the first quarter. Independent Franchise Partners LLP now owns 1,628,881 shares of the restaurant operator’s stock worth $526,307,000 after buying an additional 1,257,323 shares during the period. Iridian Asset Management LLC CT purchased a new stake in shares of Chipotle Mexican Grill during the first quarter worth approximately $170,669,000. Slate Path Capital LP purchased a new stake in shares of Chipotle Mexican Grill during the first quarter worth approximately $130,860,000. Jennison Associates LLC purchased a new stake in shares of Chipotle Mexican Grill during the second quarter worth approximately $156,768,000. Finally, Eagle Asset Management Inc. purchased a new stake in shares of Chipotle Mexican Grill during the second quarter worth approximately $43,477,000. Hedge funds and other institutional investors own 86.34% of the company’s stock.

CMG has been the topic of a number of recent research reports. Argus upgraded shares of Chipotle Mexican Grill from a “hold” rating to a “buy” rating and upped their target price for the stock from $247.52 to $496.14 in a research note on Wednesday, May 16th. Robert W. Baird upped their target price on shares of Chipotle Mexican Grill from $440.00 to $500.00 and gave the stock an “outperform” rating in a research note on Thursday, May 31st. JPMorgan Chase & Co. upped their target price on shares of Chipotle Mexican Grill from $320.00 to $320.00 and gave the stock a “neutral” rating in a research note on Monday, April 23rd. Jefferies Financial Group raised Chipotle Mexican Grill from a “hold” rating to a “buy” rating in a report on Tuesday, July 31st. Finally, Piper Jaffray Companies upped their price target on Chipotle Mexican Grill from $420.00 to $530.00 and gave the company an “overweight” rating in a report on Monday, May 14th. Five analysts have rated the stock with a sell rating, twenty have given a hold rating and eleven have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $415.49.

CMG stock opened at $502.70 on Friday. The company has a market capitalization of $13.50 billion, a PE ratio of 76.17, a PEG ratio of 3.25 and a beta of 0.41. Chipotle Mexican Grill, Inc. has a twelve month low of $247.51 and a twelve month high of $530.68.

Chipotle Mexican Grill Profile

Chipotle Mexican Grill, Inc, together with its subsidiaries, operates Chipotle Mexican Grill restaurants. As of December 31, 2017, it operated 2,363 Chipotle restaurants throughout the United States, as well as 37 international Chipotle restaurants; and 8 non-Chipotle restaurants. The company was founded in 1993 and is based in Denver, Colorado.

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

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