Garde Capital Inc. acquired a new position in Chipotle Mexican Grill, Inc. (NYSE:CMG) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 886 shares of the restaurant operator’s stock, valued at approximately $369,000.
Several other large investors also recently made changes to their positions in CMG. BlackRock Inc. boosted its position in 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 worth $1,080,155,000 after buying an additional 2,353,372 shares during the last quarter. APG Asset Management N.V. raised its stake 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 worth $115,312,000 after buying an additional 199,170 shares during the period. Artisan Partners Limited Partnership purchased a new stake in shares of Chipotle Mexican Grill during the first quarter worth approximately $84,334,000. Wellington Management Group LLP raised 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 period. Finally, Harbour Capital Advisors LLC raised its stake 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 worth $199,000 after buying an additional 82,533 shares during the period. 98.37% of the stock is owned by institutional investors and hedge funds.
Chipotle Mexican Grill, Inc. (NYSE CMG) opened at 311.24 on Friday. Chipotle Mexican Grill, Inc. has a 1-year low of $311.01 and a 1-year high of $499.00. The company has a market capitalization of $8.87 billion, a P/E ratio of 66.90 and a beta of 0.62. The company has a 50-day moving average of $360.68 and a 200-day moving average of $423.62.
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CMG has been the topic of several analyst reports. Vetr upgraded Chipotle Mexican Grill from a “strong sell” rating to a “sell” rating and set a $433.06 target price on the stock in a report on Monday, April 24th. Buckingham Research reaffirmed a “buy” rating and issued a $547.00 target price on shares of Chipotle Mexican Grill in a research report on Tuesday, April 25th. Telsey Advisory Group increased their price target on Chipotle Mexican Grill from $400.00 to $440.00 and gave the stock a “market perform” rating in a research report on Wednesday, April 26th. Royal Bank Of Canada cut Chipotle Mexican Grill from an “outperform” rating to a “sector perform” rating and increased their price target for the company from $465.00 to $500.00 in a research note on Wednesday, April 26th. They noted that the move was a valuation call. Finally, Maxim Group raised their target price on Chipotle Mexican Grill from $430.00 to $440.00 and gave the stock a “hold” rating in a research report on Wednesday, April 26th. Seven analysts have rated the stock with a sell rating, twenty-three have given a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the stock. The company currently has an average 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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