BB&T Securities LLC Acquires 364 Shares of Chipotle Mexican Grill, Inc. (CMG)

BB&T Securities LLC lifted its holdings in Chipotle Mexican Grill, Inc. (NYSE:CMG) by 15.8% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 2,669 shares of the restaurant operator’s stock after buying an additional 364 shares during the quarter. BB&T Securities LLC’s holdings in Chipotle Mexican Grill were worth $821,000 as of its most recent filing with the SEC.

Several other institutional investors have also bought and sold shares of the company. Cutter & CO Brokerage Inc. lifted its position in shares of Chipotle Mexican Grill by 1.3% in the 2nd quarter. Cutter & CO Brokerage Inc. now owns 763 shares of the restaurant operator’s stock worth $317,000 after buying an additional 10 shares during the last quarter. Simmons Bank increased its holdings in shares of Chipotle Mexican Grill by 1.1% in the 2nd quarter. Simmons Bank now owns 1,257 shares of the restaurant operator’s stock worth $523,000 after acquiring an additional 14 shares during the period. Pacer Advisors Inc. increased its holdings in shares of Chipotle Mexican Grill by 6.2% in the 2nd quarter. Pacer Advisors Inc. now owns 498 shares of the restaurant operator’s stock worth $207,000 after acquiring an additional 29 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of Chipotle Mexican Grill by 0.7% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,012 shares of the restaurant operator’s stock worth $2,085,000 after acquiring an additional 33 shares during the period. Finally, Sii Investments Inc. WI increased its holdings in shares of Chipotle Mexican Grill by 2.5% in the 2nd quarter. Sii Investments Inc. WI now owns 1,462 shares of the restaurant operator’s stock worth $600,000 after acquiring an additional 35 shares during the period. Institutional investors own 88.69% of the company’s stock.

Shares of Chipotle Mexican Grill, Inc. (CMG) opened at $315.90 on Friday. The company has a market cap of $8,855.25, a P/E ratio of 54.08, a P/E/G ratio of 2.70 and a beta of 0.49. Chipotle Mexican Grill, Inc. has a fifty-two week low of $263.00 and a fifty-two week high of $499.00.

Chipotle Mexican Grill (NYSE:CMG) last posted its earnings results on Tuesday, October 24th. The restaurant operator reported $1.33 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $2.24 by ($0.91). The business had revenue of $1.13 billion during the quarter, compared to analyst estimates of $1.14 billion. Chipotle Mexican Grill had a net margin of 3.37% and a return on equity of 11.80%. Chipotle Mexican Grill’s revenue was up 8.8% compared to the same quarter last year. During the same quarter last year, the firm earned $0.56 earnings per share. equities research analysts forecast that Chipotle Mexican Grill, Inc. will post 6.63 EPS for the current fiscal year.

A number of analysts recently weighed in on the stock. Canaccord Genuity reaffirmed a “hold” rating and issued a $325.00 price objective on shares of Chipotle Mexican Grill in a report on Wednesday, November 29th. Credit Suisse Group reissued a “neutral” rating and set a $263.00 target price (down previously from $301.99) on shares of Chipotle Mexican Grill in a research note on Thursday, November 30th. Wedbush reissued a “hold” rating and set a $290.00 target price on shares of Chipotle Mexican Grill in a research note on Wednesday, November 29th. William Blair cut shares of Chipotle Mexican Grill from an “outperform” rating to a “market perform” rating in a research note on Wednesday, November 29th. Finally, Zacks Investment Research raised shares of Chipotle Mexican Grill from a “strong sell” rating to a “hold” rating in a research note on Thursday, November 16th. Seven analysts have rated the stock with a sell rating, twenty-four have assigned a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $355.69.

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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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