New York State Common Retirement Fund Has $48.44 Million Stake in Chipotle Mexican Grill, Inc. (CMG)

New York State Common Retirement Fund increased its stake in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) by 9.7% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 157,372 shares of the restaurant operator’s stock after buying an additional 13,901 shares during the period. New York State Common Retirement Fund owned about 0.56% of Chipotle Mexican Grill worth $48,444,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in CMG. Strs Ohio boosted its holdings in Chipotle Mexican Grill by 6.3% during the second quarter. Strs Ohio now owns 3,089 shares of the restaurant operator’s stock worth $1,285,000 after buying an additional 184 shares in the last quarter. Harbour Capital Advisors LLC boosted its holdings in Chipotle Mexican Grill by 30,455.0% during the second quarter. Harbour Capital Advisors LLC now owns 82,804 shares of the restaurant operator’s stock worth $199,000 after buying an additional 82,533 shares in the last quarter. CIBC Asset Management Inc boosted its holdings in Chipotle Mexican Grill by 1.1% during the second quarter. CIBC Asset Management Inc now owns 3,453 shares of the restaurant operator’s stock worth $1,437,000 after buying an additional 36 shares in the last quarter. Sei Investments Co. boosted its holdings in Chipotle Mexican Grill by 18.0% during the second quarter. Sei Investments Co. now owns 4,443 shares of the restaurant operator’s stock worth $1,848,000 after buying an additional 678 shares in the last quarter. Finally, Stratos Wealth Partners LTD. boosted its holdings in Chipotle Mexican Grill by 49.8% during the second quarter. Stratos Wealth Partners LTD. now owns 918 shares of the restaurant operator’s stock worth $382,000 after buying an additional 305 shares in the last quarter. 88.69% of the stock is currently owned by hedge funds and other institutional investors.

A number of analysts recently commented on CMG shares. Mizuho reissued a “buy” rating and set a $450.00 price objective on shares of Chipotle Mexican Grill in a report on Saturday, September 23rd. Maxim Group reissued a “buy” rating and set a $435.00 price objective on shares of Chipotle Mexican Grill in a report on Thursday, September 21st. William Blair restated a “buy” rating on shares of Chipotle Mexican Grill in a research report on Thursday, August 24th. Piper Jaffray Companies set a $510.00 target price on shares of Chipotle Mexican Grill and gave the stock a “buy” rating in a research report on Wednesday, October 11th. Finally, SunTrust Banks set a $390.00 target price on shares of Chipotle Mexican Grill and gave the stock a “buy” rating in a research report on Thursday, October 19th. Seven research analysts have rated the stock with a sell rating, twenty-four have issued a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the stock. Chipotle Mexican Grill has a consensus rating of “Hold” and an average target price of $355.69.

Chipotle Mexican Grill, Inc. (NYSE CMG) opened at $310.67 on Thursday. The firm has a market cap of $8,909.18, a P/E ratio of 54.41, a PEG ratio of 2.72 and a beta of 0.49. Chipotle Mexican Grill, Inc. has a 52-week low of $263.00 and a 52-week high of $499.00.

Chipotle Mexican Grill (NYSE:CMG) last released its earnings results on Tuesday, October 24th. The restaurant operator reported $1.33 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.24 by ($0.91). Chipotle Mexican Grill had a net margin of 3.37% and a return on equity of 11.80%. The company had revenue of $1.13 billion during the quarter, compared to analysts’ expectations of $1.14 billion. During the same quarter in the previous year, the firm posted $0.56 earnings per share. Chipotle Mexican Grill’s revenue for the quarter was up 8.8% compared to the same quarter last year. research analysts anticipate that Chipotle Mexican Grill, Inc. will post 6.63 earnings per share for the current fiscal year.

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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.

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

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