CAPROCK Group Inc. Acquires New Position in Chipotle Mexican Grill, Inc. (CMG)

CAPROCK Group Inc. purchased a new position in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 535 shares of the restaurant operator’s stock, valued at approximately $223,000.

Several other hedge funds have also modified their holdings of CMG. Nationwide Fund Advisors increased its stake in shares of 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 buying an additional 112 shares during the last quarter. Scout Investments Inc. acquired a new stake in shares of Chipotle Mexican Grill during the first quarter worth approximately $12,331,000. TIAA CREF Investment Management LLC increased its stake in shares of Chipotle Mexican Grill by 3.1% in the first quarter. TIAA CREF Investment Management LLC now owns 322,802 shares of the restaurant operator’s stock worth $143,815,000 after buying an additional 9,751 shares during the last quarter. Wellington Management Group LLP increased its stake in shares of Chipotle Mexican Grill by 46.3% in the first quarter. Wellington Management Group LLP now owns 308,697 shares of the restaurant operator’s stock worth $137,530,000 after buying an additional 97,750 shares during the last quarter. Finally, Sei Investments Co. increased its stake in shares of Chipotle Mexican Grill by 0.5% in the first quarter. Sei Investments Co. now owns 3,765 shares of the restaurant operator’s stock worth $1,678,000 after buying an additional 19 shares during the last quarter. 98.37% of the stock is owned by institutional investors.

Chipotle Mexican Grill, Inc. (NYSE CMG) traded down 2.10% during trading on Friday, hitting $311.24. The stock had a trading volume of 1,216,339 shares. The firm has a 50 day moving average of $363.76 and a 200-day moving average of $424.39. Chipotle Mexican Grill, Inc. has a 12 month low of $311.01 and a 12 month high of $499.00. The stock has a market cap of $8.87 billion, a price-to-earnings ratio of 66.90 and a beta of 0.62.

Chipotle Mexican Grill (NYSE:CMG) last posted its earnings results on Tuesday, July 25th. The restaurant operator reported $2.32 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 firm’s quarterly revenue was up 17.1% on a year-over-year basis. During the same period in the previous year, the firm posted $0.87 earnings per share. Equities analysts predict that Chipotle Mexican Grill, Inc. will post $7.73 earnings per share for the current year.

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A number of research firms have issued reports on CMG. Goldman Sachs Group, Inc. (The) decreased their target price on Chipotle Mexican Grill from $440.00 to $375.00 and set a “neutral” rating for the company in a research report on Tuesday, July 25th. Maxim Group reissued a “buy” rating and issued a $435.00 target price (down from $470.00) on shares of Chipotle Mexican Grill in a research report on Wednesday, July 26th. Cowen and Company reiterated a “market perform” rating and issued a $440.00 price target on shares of Chipotle Mexican Grill in a research report on Friday, July 21st. Vetr upgraded Chipotle Mexican Grill from a “sell” rating to a “hold” rating and set a $460.94 price target for the company in a research report on Monday, May 1st. Finally, Barclays PLC lifted their price target on Chipotle Mexican Grill from $395.00 to $415.00 and gave the company an “equal weight” rating in a research report on Wednesday, April 26th. Seven analysts have rated the stock with a sell rating, twenty-three have assigned a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target 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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