Fiduciary Trust Co. Has $704,000 Holdings in Chipotle Mexican Grill, Inc. (NYSE:CMG)

Fiduciary Trust Co. decreased its stake in Chipotle Mexican Grill, Inc. (NYSE:CMG) by 15.6% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,691 shares of the restaurant operator’s stock after selling 312 shares during the period. Fiduciary Trust Co.’s holdings in Chipotle Mexican Grill were worth $704,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently made changes to their positions in CMG. Nationwide Fund Advisors raised its position in Chipotle Mexican Grill by 1.4% in the first quarter. Nationwide Fund Advisors now owns 8,077 shares of the restaurant operator’s stock worth $3,598,000 after acquiring an additional 112 shares during the period. Glen Harbor Capital Management LLC raised its position in Chipotle Mexican Grill by 8.9% in the first quarter. Glen Harbor Capital Management LLC now owns 784 shares of the restaurant operator’s stock worth $349,000 after acquiring an additional 64 shares during the period. Strs Ohio raised its position in Chipotle Mexican Grill by 7.0% in the first quarter. Strs Ohio now owns 2,905 shares of the restaurant operator’s stock worth $1,294,000 after acquiring an additional 191 shares during the period. Canada Pension Plan Investment Board raised its position in Chipotle Mexican Grill by 59.2% in the first quarter. Canada Pension Plan Investment Board now owns 3,518 shares of the restaurant operator’s stock worth $1,567,000 after acquiring an additional 1,308 shares during the period. Finally, DekaBank Deutsche Girozentrale raised its position in Chipotle Mexican Grill by 68.8% in the first quarter. DekaBank Deutsche Girozentrale now owns 2,249 shares of the restaurant operator’s stock worth $1,034,000 after acquiring an additional 917 shares during the period. 90.32% of the stock is currently owned by institutional investors and hedge funds.

Shares of Chipotle Mexican Grill, Inc. (NYSE CMG) traded up 0.72% during midday trading on Friday, hitting $312.82. 482,792 shares of the stock were exchanged. The firm’s 50-day moving average is $321.69 and its 200 day moving average is $409.83. The firm has a market cap of $8.92 billion, a PE ratio of 67.24 and a beta of 0.64. Chipotle Mexican Grill, Inc. has a 52-week low of $296.00 and a 52-week high of $499.00.

Chipotle Mexican Grill (NYSE:CMG) last posted its earnings results on Tuesday, July 25th. The restaurant operator reported $2.32 earnings per share for the quarter, beating analysts’ consensus estimates of $2.16 by $0.16. Chipotle Mexican Grill had a net margin of 3.17% and a return on equity of 10.65%. The firm had revenue of $1.17 billion during the quarter, compared to analyst estimates of $1.19 billion. During the same period last year, the firm posted $0.87 earnings per share. Chipotle Mexican Grill’s revenue for the quarter was up 17.1% compared to the same quarter last year. On average, analysts forecast that Chipotle Mexican Grill, Inc. will post $7.60 earnings per share for the current year.

CMG has been the topic of several research reports. SunTrust Banks, Inc. reaffirmed a “buy” rating and issued a $505.00 price objective (down previously from $520.00) on shares of Chipotle Mexican Grill in a research report on Wednesday, July 26th. Wedbush lowered shares of Chipotle Mexican Grill from an “outperform” rating to a “market perform” rating and lowered their price objective for the stock from $470.00 to $370.00 in a research report on Friday, July 21st. Maxim Group raised shares of Chipotle Mexican Grill from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $440.00 to $470.00 in a research report on Tuesday, July 18th. Oppenheimer Holdings, Inc. reaffirmed a “market perform” rating on shares of Chipotle Mexican Grill in a research report on Wednesday, July 12th. Finally, Cowen and Company lowered shares of Chipotle Mexican Grill from a “market perform” rating to an “underperform” rating and lowered their price objective for the stock from $370.00 to $250.00 in a research report on Friday, September 8th. Six investment analysts have rated the stock with a sell rating, twenty-three have given a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company’s stock. Chipotle Mexican Grill presently has an average rating of “Hold” and an average price target of $399.45.

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Chipotle Mexican Grill Company Profile

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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