Maple Capital Management Inc. Has $6.38 Million Position in Chipotle Mexican Grill, Inc. (CMG)

Maple Capital Management Inc. boosted its stake in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) by 8.2% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 15,343 shares of the restaurant operator’s stock after buying an additional 1,168 shares during the period. Chipotle Mexican Grill makes up about 1.8% of Maple Capital Management Inc.’s holdings, making the stock its 23rd largest position. Maple Capital Management Inc. owned about 0.05% of Chipotle Mexican Grill worth $6,384,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Assenagon Asset Management S.A. boosted its position in Chipotle Mexican Grill by 68.6% in the second quarter. Assenagon Asset Management S.A. now owns 7,145 shares of the restaurant operator’s stock valued at $2,973,000 after buying an additional 2,908 shares during the last quarter. Aperio Group LLC boosted its position in Chipotle Mexican Grill by 6.8% in the second quarter. Aperio Group LLC now owns 9,949 shares of the restaurant operator’s stock valued at $4,140,000 after buying an additional 635 shares during the last quarter. Windward Capital Management Co. CA boosted its position in Chipotle Mexican Grill by 1.2% in the second quarter. Windward Capital Management Co. CA now owns 30,335 shares of the restaurant operator’s stock valued at $12,622,000 after buying an additional 366 shares during the last quarter. Beese Fulmer Investment Management Inc. boosted its position in Chipotle Mexican Grill by 4.1% in the second quarter. Beese Fulmer Investment Management Inc. now owns 3,214 shares of the restaurant operator’s stock valued at $1,337,000 after buying an additional 126 shares during the last quarter. Finally, Orca Investment Management LLC acquired a new position in Chipotle Mexican Grill during the second quarter valued at about $935,000. 97.27% of the stock is owned by hedge funds and other institutional investors.

Shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) traded up 1.17% during midday trading on Friday, hitting $326.41. The stock had a trading volume of 968,190 shares. The stock has a 50 day moving average price of $374.53 and a 200-day moving average price of $427.17. Chipotle Mexican Grill, Inc. has a 52 week low of $320.01 and a 52 week high of $499.00. The stock has a market capitalization of $9.31 billion, a price-to-earnings ratio of 70.17 and a beta of 0.62.

Chipotle Mexican Grill (NYSE:CMG) last announced its quarterly earnings results on Tuesday, July 25th. The restaurant operator reported $2.32 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.16 by $0.16. The company had revenue of $1.17 billion during the quarter, compared to the consensus estimate of $1.19 billion. Chipotle Mexican Grill had a net margin of 3.17% and a return on equity of 10.65%. The company’s revenue for the quarter was up 17.1% compared to the same quarter last year. During the same period in the prior year, the business earned $0.87 earnings per share. Equities research analysts anticipate that Chipotle Mexican Grill, Inc. will post $7.73 earnings per share for the current year.

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A number of research analysts have recently weighed in on the company. UBS AG decreased their price target on Chipotle Mexican Grill from $460.00 to $445.00 and set a “neutral” rating on the stock in a research note on Tuesday, June 27th. Canaccord Genuity reissued a “hold” rating and issued a $440.00 price target on shares of Chipotle Mexican Grill in a research note on Tuesday, June 20th. Sanford C. Bernstein reissued an “outperform” rating and issued a $564.00 price target on shares of Chipotle Mexican Grill in a research note on Tuesday, July 25th. Barclays PLC reissued an “equal weight” rating and issued a $370.00 price target (down from $400.00) on shares of Chipotle Mexican Grill in a research note on Wednesday, July 26th. Finally, Zacks Investment Research raised Chipotle Mexican Grill from a “sell” rating to a “hold” rating in a research note on Friday, August 4th. Seven equities research analysts have rated the stock with a sell rating, twenty-three have given a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Chipotle Mexican Grill currently has a consensus rating of “Hold” and an average target price of $405.15.

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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