State Street Corp Has $551.35 Million Position in Chipotle Mexican Grill, Inc. (CMG)

State Street Corp increased its stake in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) by 3.7% during the first quarter, according to its most recent filing with the SEC. The institutional investor owned 1,237,517 shares of the restaurant operator’s stock after buying an additional 44,694 shares during the period. State Street Corp owned approximately 4.32% of Chipotle Mexican Grill worth $551,348,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. Eqis Capital Management Inc. boosted its position in Chipotle Mexican Grill by 0.6% in the first quarter. Eqis Capital Management Inc. now owns 1,730 shares of the restaurant operator’s stock valued at $771,000 after buying an additional 11 shares in the last quarter. Pacer Advisors Inc. boosted its position in Chipotle Mexican Grill by 2.4% in the first quarter. Pacer Advisors Inc. now owns 469 shares of the restaurant operator’s stock valued at $209,000 after buying an additional 11 shares in the last quarter. Capital Analysts LLC raised its position in Chipotle Mexican Grill by 2.9% in the first quarter. Capital Analysts LLC now owns 427 shares of the restaurant operator’s stock worth $190,000 after buying an additional 12 shares in the last quarter. Mn Services Vermogensbeheer B.V. raised its position in Chipotle Mexican Grill by 2.0% in the first quarter. Mn Services Vermogensbeheer B.V. now owns 774 shares of the restaurant operator’s stock worth $322,000 after buying an additional 15 shares in the last quarter. Finally, Greenwood Capital Associates LLC raised its position in shares of Chipotle Mexican Grill by 2.8% in the first quarter. Greenwood Capital Associates LLC now owns 545 shares of the restaurant operator’s stock worth $243,000 after buying an additional 15 shares in the last quarter. 95.55% of the stock is currently owned by institutional investors.

Chipotle Mexican Grill, Inc. (CMG) traded up 0.27% during midday trading on Friday, hitting $413.89. The company’s stock had a trading volume of 618,574 shares. The company’s 50-day moving average is $461.49 and its 200 day moving average is $433.29. The company has a market cap of $11.86 billion, a price-to-earnings ratio of 128.02 and a beta of 0.64. Chipotle Mexican Grill, Inc. has a one year low of $352.96 and a one year high of $499.00.

Chipotle Mexican Grill (NYSE:CMG) last announced its quarterly earnings data on Tuesday, April 25th. The restaurant operator reported $1.60 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.28 by $0.32. Chipotle Mexican Grill had a return on equity of 7.72% and a net margin of 2.31%. The firm had revenue of $1.07 billion during the quarter, compared to analysts’ expectations of $1.05 billion. During the same period last year, the business posted ($0.88) earnings per share. The company’s revenue for the quarter was up 28.1% compared to the same quarter last year. On average, analysts predict that Chipotle Mexican Grill, Inc. will post $8.21 EPS for the current year.

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CMG has been the topic of a number of analyst reports. Standpoint Research initiated coverage on shares of Chipotle Mexican Grill in a research note on Wednesday, April 19th. They issued a “sell” rating and a $420.00 target price on the stock. Buckingham Research reissued a “buy” rating and set a $547.00 price target on shares of Chipotle Mexican Grill in a research note on Saturday, March 11th. Argus raised shares of Chipotle Mexican Grill from a “hold” rating to a “buy” rating and increased their price target for the company from $447.88 to $550.00 in a research note on Thursday, May 25th. Vetr upgraded shares of Chipotle Mexican Grill from a “hold” rating to a “buy” rating and set a $498.87 price objective on the stock in a report on Tuesday, May 30th. Finally, Wells Fargo & Company reiterated an “outperform” rating and issued a $505.00 target price (up from $460.00) on shares of Chipotle Mexican Grill in a report on Wednesday, April 19th. Eight equities research analysts have rated the stock with a sell rating, seventeen have given a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $450.68.

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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