Mirae Asset Global Investments Co. Ltd. Sells 3,477 Shares of Chipotle Mexican Grill, Inc. (CMG)

Mirae Asset Global Investments Co. Ltd. lowered its position in Chipotle Mexican Grill, Inc. (NYSE:CMG) by 8.3% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 38,393 shares of the restaurant operator’s stock after selling 3,477 shares during the period. Mirae Asset Global Investments Co. Ltd. owned 0.13% of Chipotle Mexican Grill worth $17,106,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. First Interstate Bank increased its stake in Chipotle Mexican Grill by 1,800.0% in the fourth quarter. First Interstate Bank now owns 475 shares of the restaurant operator’s stock worth $179,000 after buying an additional 450 shares in the last quarter. FNY Partners Fund LP bought a new position in Chipotle Mexican Grill during the fourth quarter worth approximately $189,000. Capital Analysts LLC increased 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 during the period. Tompkins Financial Corp increased its position in 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 period. Finally, Greenwood Capital Associates LLC bought a new position in Chipotle Mexican Grill during the fourth quarter worth approximately $200,000. 96.62% of the stock is owned by institutional investors.

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

Chipotle Mexican Grill, Inc. (NYSE:CMG) traded down 0.26% during midday trading on Monday, hitting $480.15. The company had a trading volume of 477,836 shares. The stock has a 50 day moving average price of $476.43 and a 200 day moving average price of $424.12. The company has a market capitalization of $13.76 billion, a P/E ratio of 148.52 and a beta of 0.59. Chipotle Mexican Grill, Inc. has a 52 week low of $352.96 and a 52 week 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 2.60% and a net margin of 0.59%. The company had revenue of $1.07 billion for the quarter, compared to analysts’ expectations of $1.05 billion. During the same quarter in the prior year, the firm earned ($0.88) earnings per share. Chipotle Mexican Grill’s revenue was up 28.1% compared to the same quarter last year. Equities analysts forecast that Chipotle Mexican Grill, Inc. will post $8.48 earnings per share for the current fiscal year.

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A number of research analysts recently commented on CMG shares. Royal Bank of Canada reaffirmed an “outperform” rating on shares of Chipotle Mexican Grill in a research note on Tuesday, January 31st. Wells Fargo & Co reissued an “outperform” rating and set a $460.00 target price on shares of Chipotle Mexican Grill in a research note on Friday, February 3rd. Maxim Group raised Chipotle Mexican Grill from a “sell” rating to a “hold” rating and boosted their target price for the stock from $280.00 to $390.00 in a research note on Friday, February 3rd. Instinet restated a “neutral” rating on shares of Chipotle Mexican Grill in a report on Friday, February 3rd. Finally, SunTrust Banks, Inc. set a $500.00 price target on Chipotle Mexican Grill and gave the stock a “buy” rating in a report on Friday, February 3rd. Seven analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and twelve have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $446.22.

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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