Chipotle Mexican Grill, Inc. (CMG) Position Reduced by DF Dent & Co. Inc.

DF Dent & Co. Inc. trimmed its holdings in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) by 13.4% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 529 shares of the restaurant operator’s stock after selling 82 shares during the quarter. DF Dent & Co. Inc.’s holdings in Chipotle Mexican Grill were worth $220,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also bought and sold shares of CMG. FNY Managed Accounts LLC purchased a new position in Chipotle Mexican Grill during the first quarter worth about $107,000. Korea Investment CORP grew its position in Chipotle Mexican Grill by 140.2% during the second quarter. Korea Investment CORP now owns 269 shares of the restaurant operator’s stock worth $112,000 after buying an additional 157 shares in the last quarter. Harbour Capital Advisors LLC purchased a new position in Chipotle Mexican Grill during the first quarter worth about $121,000. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA grew its position in Chipotle Mexican Grill by 15.7% during the second quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 406 shares of the restaurant operator’s stock worth $140,000 after buying an additional 55 shares in the last quarter. Finally, OLD Mutual Customised Solutions Proprietary Ltd. grew its position in Chipotle Mexican Grill by 84.5% during the first quarter. OLD Mutual Customised Solutions Proprietary Ltd. now owns 369 shares of the restaurant operator’s stock worth $164,000 after buying an additional 169 shares in the last quarter. Institutional investors and hedge funds own 90.04% of the company’s stock.

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Chipotle Mexican Grill (NYSE:CMG) last issued its quarterly earnings data on Tuesday, July 25th. The restaurant operator reported $2.32 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $2.16 by $0.16. The company had revenue of $1.17 billion for the quarter, compared to analyst estimates of $1.19 billion. Chipotle Mexican Grill had a net margin of 3.17% and a return on equity of 10.65%. Chipotle Mexican Grill’s revenue was up 17.1% compared to the same quarter last year. During the same period last year, the company posted $0.87 earnings per share.

Several equities analysts recently commented on the company. UBS AG reduced their target price on Chipotle Mexican Grill from $460.00 to $445.00 and set a “neutral” rating for the company in a research report on Tuesday, June 27th. Jefferies Group LLC restated a “hold” rating and set a $350.00 target price on shares of Chipotle Mexican Grill in a research report on Tuesday, October 3rd. Robert W. Baird restated a “hold” rating and set a $340.00 target price (down from $385.00) on shares of Chipotle Mexican Grill in a research report on Tuesday, October 3rd. Canaccord Genuity restated a “hold” rating and set a $440.00 target price on shares of Chipotle Mexican Grill in a research report on Tuesday, June 20th. Finally, BTIG Research restated a “neutral” rating on shares of Chipotle Mexican Grill in a research report on Tuesday, October 3rd. Seven research analysts have rated the stock with a sell rating, twenty-three have issued a hold rating, nine have given a buy rating and one has issued 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 $392.13.

Chipotle Mexican Grill 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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