Chipotle Mexican Grill, Inc. (CMG) Shares Bought by State Street Corp

State Street Corp increased its position in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) by 3.7% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund 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 about 4.32% of Chipotle Mexican Grill worth $551,348,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Van ECK Associates Corp increased its position in shares of Chipotle Mexican Grill by 6.7% in the first quarter. Van ECK Associates Corp now owns 398 shares of the restaurant operator’s stock worth $177,000 after buying an additional 25 shares during the last quarter. Sphera Funds Management LTD. bought a new position in shares of Chipotle Mexican Grill during the first quarter worth approximately $178,000. Edmond DE Rothschild Holding S.A. increased its position in shares of Chipotle Mexican Grill by 40.0% in the first quarter. Edmond DE Rothschild Holding S.A. now owns 420 shares of the restaurant operator’s stock worth $187,000 after buying an additional 120 shares during the last quarter. Capital Analysts LLC increased its position in shares of 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 during the last quarter. Finally, Tompkins Financial Corp increased its position in shares of Chipotle Mexican Grill by 338.9% in the first quarter. Tompkins Financial Corp now owns 417 shares of the restaurant operator’s stock worth $197,000 after buying an additional 322 shares during the last quarter. 95.55% of the stock is currently owned by hedge funds and other institutional investors.

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

Chipotle Mexican Grill, Inc. (NYSE:CMG) traded up 1.73% during midday trading on Monday, hitting $458.91. 1,142,973 shares of the stock traded hands. Chipotle Mexican Grill, Inc. has a 12-month low of $352.96 and a 12-month high of $499.00. The firm’s 50 day moving average is $475.80 and its 200-day moving average is $430.83. The stock has a market capitalization of $13.15 billion, a PE ratio of 141.95 and a beta of 0.56.

Chipotle Mexican Grill (NYSE:CMG) last issued its quarterly earnings results on Tuesday, April 25th. The restaurant operator reported $1.60 EPS for the quarter, topping the Zacks’ 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 company had revenue of $1.07 billion for the quarter, compared to analysts’ expectations of $1.05 billion. During the same quarter last year, the business earned ($0.88) earnings per share. Chipotle Mexican Grill’s revenue was up 28.1% on a year-over-year basis. On average, analysts anticipate that Chipotle Mexican Grill, Inc. will post $8.47 EPS for the current fiscal year.

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A number of research analysts recently commented on CMG shares. Buckingham Research reaffirmed a “buy” rating and set a $547.00 price objective on shares of Chipotle Mexican Grill in a research report on Saturday, March 11th. Vetr upgraded shares of Chipotle Mexican Grill from a “hold” rating to a “buy” rating and set a $428.20 target price for the company in a research note on Monday, March 6th. SunTrust Banks, Inc. lifted their target price on shares of Chipotle Mexican Grill from $500.00 to $550.00 and gave the company a “buy” rating in a research note on Wednesday, April 26th. Argus upgraded shares of Chipotle Mexican Grill from a “hold” rating to a “buy” rating and lifted their target price for the company from $447.88 to $550.00 in a research note on Thursday, May 25th. Finally, Mizuho began coverage on shares of Chipotle Mexican Grill in a research note on Thursday, June 8th. They issued a “buy” rating and a $533.00 target price for the company. Seven research analysts have rated the stock with a sell rating, seventeen have assigned a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $451.22.

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.

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