Chipotle Mexican Grill, Inc. (CMG) Holdings Lowered by Fiduciary Trust Co.

Fiduciary Trust Co. trimmed its position in Chipotle Mexican Grill, Inc. (NYSE:CMG) by 35.7% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,088 shares of the restaurant operator’s stock after selling 603 shares during the quarter. Fiduciary Trust Co.’s holdings in Chipotle Mexican Grill were worth $335,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in CMG. Bank of Montreal Can boosted its holdings in shares of Chipotle Mexican Grill by 17.6% in the second quarter. Bank of Montreal Can now owns 31,162 shares of the restaurant operator’s stock worth $12,966,000 after buying an additional 4,657 shares during the period. State of Alaska Department of Revenue lifted its position in shares of Chipotle Mexican Grill by 9.9% in the second quarter. State of Alaska Department of Revenue now owns 1,268 shares of the restaurant operator’s stock worth $527,000 after purchasing an additional 114 shares in the last quarter. National Pension Service lifted its position in shares of Chipotle Mexican Grill by 9.8% in the second quarter. National Pension Service now owns 31,359 shares of the restaurant operator’s stock worth $13,145,000 after purchasing an additional 2,787 shares in the last quarter. Baldwin Brothers Inc. MA lifted its position in shares of Chipotle Mexican Grill by 55.0% in the second quarter. Baldwin Brothers Inc. MA now owns 961 shares of the restaurant operator’s stock worth $400,000 after purchasing an additional 341 shares in the last quarter. Finally, Mn Services Vermogensbeheer B.V. lifted its position in shares of Chipotle Mexican Grill by 443.2% in the second quarter. Mn Services Vermogensbeheer B.V. now owns 4,204 shares of the restaurant operator’s stock worth $1,749,000 after purchasing an additional 3,430 shares in the last quarter. Institutional investors own 90.31% of the company’s stock.

Several equities analysts recently weighed in on CMG shares. SunTrust Banks, Inc. reaffirmed a “buy” rating and set a $505.00 price objective (down previously from $520.00) on shares of Chipotle Mexican Grill in a research report on Wednesday, July 26th. Wedbush lowered shares of Chipotle Mexican Grill from an “outperform” rating to a “market perform” rating and cut their price objective for the company from $470.00 to $370.00 in a research report on Friday, July 21st. Maxim Group raised shares of Chipotle Mexican Grill from a “hold” rating to a “buy” rating and raised their price objective for the company from $440.00 to $470.00 in a research report on Tuesday, July 18th. Wells Fargo & Company reaffirmed a “hold” rating on shares of Chipotle Mexican Grill in a research report on Friday, October 13th. Finally, Cowen and Company lowered shares of Chipotle Mexican Grill from a “market perform” rating to an “underperform” rating and cut their price objective for the company from $370.00 to $250.00 in a research report on Friday, September 8th. Eight research analysts have rated the stock with a sell rating, twenty-two have given a hold rating, nine have given a buy rating and one has issued a strong buy rating to the stock. The company has an average rating of “Hold” and an average price target of $356.06.

Chipotle Mexican Grill, Inc. (NYSE:CMG) opened at $279.45 on Friday. Chipotle Mexican Grill, Inc. has a 12-month low of $264.90 and a 12-month high of $499.00. The firm has a market capitalization of $7,764.05, a P/E ratio of 47.41, a price-to-earnings-growth ratio of 2.38 and a beta of 0.44.

Chipotle Mexican Grill (NYSE:CMG) last released its quarterly earnings results on Tuesday, October 24th. The restaurant operator reported $1.33 earnings per share for the quarter, missing analysts’ consensus estimates of $2.24 by ($0.91). Chipotle Mexican Grill had a return on equity of 11.80% and a net margin of 3.37%. The firm had revenue of $1.13 billion for the quarter, compared to analyst estimates of $1.14 billion. During the same period last year, the company earned $0.56 EPS. The company’s revenue was up 8.8% compared to the same quarter last year. equities research analysts predict that Chipotle Mexican Grill, Inc. will post 6.59 earnings per share for the current year.

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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.

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

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