Teachers Advisors LLC Has $62.21 Million Holdings in Chipotle Mexican Grill, Inc. (NYSE:CMG)

Teachers Advisors LLC increased its stake in Chipotle Mexican Grill, Inc. (NYSE:CMG) by 119.9% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 149,503 shares of the restaurant operator’s stock after acquiring an additional 81,512 shares during the period. Teachers Advisors LLC owned about 0.52% of Chipotle Mexican Grill worth $62,208,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. FNY Managed Accounts LLC bought a new stake in shares of Chipotle Mexican Grill in the 1st quarter valued at about $107,000. Korea Investment CORP raised its position in Chipotle Mexican Grill by 140.2% during the 2nd quarter. Korea Investment CORP now owns 269 shares of the restaurant operator’s stock valued at $112,000 after purchasing an additional 157 shares during the last quarter. Harbour Capital Advisors LLC bought a new position in Chipotle Mexican Grill during the 1st quarter valued at approximately $121,000. OLD Mutual Customised Solutions Proprietary Ltd. raised its position in Chipotle Mexican Grill by 84.5% during the 1st quarter. OLD Mutual Customised Solutions Proprietary Ltd. now owns 369 shares of the restaurant operator’s stock valued at $164,000 after purchasing an additional 169 shares during the last quarter. Finally, Van ECK Associates Corp raised its position in Chipotle Mexican Grill by 6.7% during the 1st quarter. Van ECK Associates Corp now owns 398 shares of the restaurant operator’s stock valued at $177,000 after purchasing an additional 25 shares during the last quarter. 90.08% of the stock is owned by institutional investors.

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CMG has been the topic of a number of research analyst reports. UBS AG reduced their target price on Chipotle Mexican Grill from $460.00 to $445.00 and set a “neutral” rating on the stock in a report on Tuesday, June 27th. Maxim Group restated a “buy” rating and issued a $435.00 price target on shares of Chipotle Mexican Grill in a research note on Thursday. Canaccord Genuity reaffirmed a “hold” rating and issued a $440.00 price objective on shares of Chipotle Mexican Grill in a research report on Tuesday, June 20th. Goldman Sachs Group, Inc. (The) reaffirmed a “neutral” rating and issued a $360.00 price objective on shares of Chipotle Mexican Grill in a research report on Wednesday. Finally, Zacks Investment Research raised Chipotle Mexican Grill from a “sell” rating to a “hold” rating in a report on Friday, August 4th. Six investment analysts have rated the stock with a sell rating, twenty-three have given a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Chipotle Mexican Grill currently has an average rating of “Hold” and a consensus target price of $398.97.

Chipotle Mexican Grill, Inc. (NYSE:CMG) opened at 314.31 on Friday. The firm has a market capitalization of $8.96 billion, a price-to-earnings ratio of 67.56 and a beta of 0.64. Chipotle Mexican Grill, Inc. has a one year low of $295.11 and a one year high of $499.00. The stock has a 50 day moving average of $318.10 and a 200 day moving average of $407.26.

Chipotle Mexican Grill (NYSE:CMG) last posted its quarterly earnings results on Tuesday, July 25th. The restaurant operator reported $2.32 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.16 by $0.16. The firm had revenue of $1.17 billion for the quarter, compared to analysts’ expectations 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 prior year, the company posted $0.87 earnings per share. Analysts forecast that Chipotle Mexican Grill, Inc. will post $7.59 earnings per share for the current year.

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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