Cigna Investments Inc. New Has $411,000 Position in Chipotle Mexican Grill, Inc. (CMG)

Cigna Investments Inc. New cut its stake in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) by 18.7% during the second quarter, Holdings Channel reports. The firm owned 988 shares of the restaurant operator’s stock after selling 227 shares during the period. Cigna Investments Inc. New’s holdings in Chipotle Mexican Grill were worth $411,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. BlackRock Inc. increased its position in shares of Chipotle Mexican Grill by 3,309.6% in the first quarter. BlackRock Inc. now owns 2,424,479 shares of the restaurant operator’s stock valued at $1,080,155,000 after buying an additional 2,353,372 shares during the period. APG Asset Management N.V. increased its position in shares of Chipotle Mexican Grill by 255.5% in the second quarter. APG Asset Management N.V. now owns 277,125 shares of the restaurant operator’s stock valued at $115,312,000 after buying an additional 199,170 shares during the period. Artisan Partners Limited Partnership purchased a new position in shares of Chipotle Mexican Grill during the first quarter valued at $84,334,000. Wellington Management Group LLP increased its position 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 valued at $137,530,000 after buying an additional 97,750 shares during the period. Finally, Harbour Capital Advisors LLC increased its position in shares of Chipotle Mexican Grill by 30,455.0% in the second quarter. Harbour Capital Advisors LLC now owns 82,804 shares of the restaurant operator’s stock valued at $199,000 after buying an additional 82,533 shares during the period. Institutional investors and hedge funds own 98.37% of the company’s stock.

Chipotle Mexican Grill, Inc. (NYSE CMG) opened at 317.92 on Friday. The stock’s 50 day moving average is $363.76 and its 200 day moving average is $424.39. The company has a market cap of $9.06 billion, a price-to-earnings ratio of 68.34 and a beta of 0.62. Chipotle Mexican Grill, Inc. has a 52-week low of $317.41 and a 52-week high of $499.00.

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

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CMG has been the subject of several analyst reports. SunTrust Banks, Inc. restated a “buy” rating and issued a $505.00 target price (down from $520.00) on shares of Chipotle Mexican Grill in a research note on Wednesday, July 26th. Wedbush downgraded shares of Chipotle Mexican Grill from an “outperform” rating to a “market perform” rating and decreased their target price for the company from $470.00 to $370.00 in a research note on Friday, July 21st. Maxim Group upgraded shares of Chipotle Mexican Grill from a “hold” rating to a “buy” rating and upped their target price for the company from $440.00 to $470.00 in a research note on Tuesday, July 18th. Oppenheimer Holdings, Inc. restated a “market perform” rating on shares of Chipotle Mexican Grill in a research note on Wednesday, July 12th. Finally, BidaskClub downgraded shares of Chipotle Mexican Grill from a “sell” rating to a “strong sell” rating in a research note on Wednesday, July 12th. Seven research analysts have rated the stock with a sell rating, twenty-three have issued a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company. Chipotle Mexican Grill currently has a consensus rating of “Hold” and a consensus 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.

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

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