XR Securities LLC Purchases New Stake in Chipotle Mexican Grill, Inc. (NYSE:CMG)

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XR Securities LLC bought a new stake in Chipotle Mexican Grill, Inc. (NYSE:CMG) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 1,599 shares of the restaurant operator’s stock, valued at approximately $690,000.

Several other institutional investors and hedge funds have also modified their holdings of the company. Sharkey Howes & Javer grew its stake in shares of Chipotle Mexican Grill by 953.9% in the 4th quarter. Sharkey Howes & Javer now owns 12,647 shares of the restaurant operator’s stock valued at $115,000 after buying an additional 11,447 shares in the last quarter. Mosaic Family Wealth LLC boosted its position in Chipotle Mexican Grill by 1,356.7% during the fourth quarter. Mosaic Family Wealth LLC now owns 437 shares of the restaurant operator’s stock worth $126,000 after purchasing an additional 407 shares during the period. Federated Investors Inc. PA boosted its position in Chipotle Mexican Grill by 71.7% during the first quarter. Federated Investors Inc. PA now owns 541 shares of the restaurant operator’s stock worth $175,000 after purchasing an additional 226 shares during the period. IFP Advisors Inc boosted its position in Chipotle Mexican Grill by 162.7% during the first quarter. IFP Advisors Inc now owns 599 shares of the restaurant operator’s stock worth $194,000 after purchasing an additional 371 shares during the period. Finally, Koch Industries Inc. bought a new stake in Chipotle Mexican Grill during the first quarter worth approximately $206,000. Institutional investors own 86.15% of the company’s stock.

CMG has been the subject of a number of recent analyst reports. Vetr cut Chipotle Mexican Grill from a “hold” rating to a “sell” rating and set a $311.43 target price for the company. in a research report on Monday, April 2nd. Zacks Investment Research cut Chipotle Mexican Grill from a “hold” rating to a “sell” rating in a research report on Wednesday, April 4th. Piper Jaffray Companies set a $355.00 price objective on Chipotle Mexican Grill and gave the company a “buy” rating in a research report on Tuesday, April 10th. Royal Bank of Canada increased their price objective on Chipotle Mexican Grill to $340.00 and gave the company a “market perform” rating in a research report on Tuesday, April 17th. Finally, SunTrust Banks reissued a “buy” rating and issued a $380.00 price objective (up from $340.00) on shares of Chipotle Mexican Grill in a research report on Wednesday, April 18th. Six investment analysts have rated the stock with a sell rating, twenty-one have issued a hold rating and nine have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $399.28.

Shares of NYSE:CMG opened at $472.30 on Friday. Chipotle Mexican Grill, Inc. has a twelve month low of $247.51 and a twelve month high of $483.29. The firm has a market capitalization of $12.61 billion, a PE ratio of 71.56, a price-to-earnings-growth ratio of 3.08 and a beta of 0.50.

About Chipotle Mexican Grill

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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