Prudential Financial Inc. Raises Position in Chipotle Mexican Grill, Inc. (CMG)

Prudential Financial Inc. raised its position in Chipotle Mexican Grill, Inc. (NYSE:CMG) by 0.2% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 40,393 shares of the restaurant operator’s stock after purchasing an additional 100 shares during the period. Prudential Financial Inc. owned 0.14% of Chipotle Mexican Grill worth $16,807,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently made changes to their positions in the business. Covenant Asset Management LLC increased its position in shares of Chipotle Mexican Grill by 0.5% in the 2nd quarter. Covenant Asset Management LLC now owns 2,187 shares of the restaurant operator’s stock valued at $910,000 after purchasing an additional 10 shares during the last quarter. Tufton Capital Management increased its position in shares of Chipotle Mexican Grill by 1.3% in the 2nd quarter. Tufton Capital Management now owns 804 shares of the restaurant operator’s stock valued at $335,000 after purchasing an additional 10 shares during the last quarter. Cutter & CO Brokerage Inc. increased its position in shares of Chipotle Mexican Grill by 1.3% in the 2nd quarter. Cutter & CO Brokerage Inc. now owns 763 shares of the restaurant operator’s stock valued at $317,000 after purchasing an additional 10 shares during the last quarter. Pacer Advisors Inc. increased its position in shares of Chipotle Mexican Grill by 2.4% in the 1st quarter. Pacer Advisors Inc. now owns 469 shares of the restaurant operator’s stock valued at $209,000 after purchasing an additional 11 shares during the last quarter. Finally, Capital Analysts LLC increased its position in shares of Chipotle Mexican Grill by 2.9% in the 1st quarter. Capital Analysts LLC now owns 427 shares of the restaurant operator’s stock valued at $190,000 after purchasing an additional 12 shares during the last quarter. 90.08% of the stock is currently owned by institutional investors.

A number of equities research analysts have commented on the stock. UBS AG dropped their price objective on shares of Chipotle Mexican Grill from $460.00 to $445.00 and set a “neutral” rating on the stock in a research report on Tuesday, June 27th. Maxim Group reissued a “buy” rating and issued a $435.00 price objective on shares of Chipotle Mexican Grill in a research report on Thursday. Canaccord Genuity reissued a “hold” rating and issued a $440.00 price objective on shares of Chipotle Mexican Grill in a research report on Tuesday, June 20th. Goldman Sachs Group, Inc. (The) reissued a “neutral” rating and issued a $360.00 price objective on shares of Chipotle Mexican Grill in a research report on Wednesday. Finally, Zacks Investment Research raised shares of Chipotle Mexican Grill from a “sell” rating to a “hold” rating in a research report on Friday, August 4th. Six 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. The stock presently has an average rating of “Hold” and a consensus price target of $398.97.

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Chipotle Mexican Grill, Inc. (CMG) opened at 314.31 on Friday. Chipotle Mexican Grill, Inc. has a 12-month low of $295.11 and a 12-month high of $499.00. The firm’s 50-day moving average is $318.10 and its 200 day moving average is $407.26. The stock has a market capitalization of $8.96 billion, a P/E ratio of 67.56 and a beta of 0.64.

Chipotle Mexican Grill (NYSE:CMG) last issued its quarterly earnings results on Tuesday, July 25th. The restaurant operator reported $2.32 earnings per share for the quarter, beating the Zacks’ consensus estimate 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 company had revenue of $1.17 billion during the quarter, compared to the consensus estimate of $1.19 billion. During the same period in the prior year, the company earned $0.87 EPS. Chipotle Mexican Grill’s revenue was up 17.1% on a year-over-year basis. Equities research analysts anticipate that Chipotle Mexican Grill, Inc. will post $7.59 earnings per share for the current year.

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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