Marshfield Associates Has $60.82 Million Stake in Chipotle Mexican Grill, Inc. (CMG)

Marshfield Associates grew its position in Chipotle Mexican Grill, Inc. (NYSE:CMG) by 75.7% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 197,591 shares of the restaurant operator’s stock after buying an additional 85,101 shares during the quarter. Chipotle Mexican Grill accounts for about 4.0% of Marshfield Associates’ portfolio, making the stock its 14th largest holding. Marshfield Associates owned about 0.70% of Chipotle Mexican Grill worth $60,824,000 at the end of the most recent reporting period.

Several other institutional investors also recently made changes to their positions in the stock. Cutter & CO Brokerage Inc. grew its holdings in shares of Chipotle Mexican Grill by 1.3% during the 2nd quarter. Cutter & CO Brokerage Inc. now owns 763 shares of the restaurant operator’s stock valued at $317,000 after purchasing an additional 10 shares during the last quarter. Simmons Bank grew its holdings in shares of Chipotle Mexican Grill by 1.1% during the 2nd quarter. Simmons Bank now owns 1,257 shares of the restaurant operator’s stock valued at $523,000 after purchasing an additional 14 shares during the last quarter. Pacer Advisors Inc. grew its holdings in shares of Chipotle Mexican Grill by 6.2% during the 2nd quarter. Pacer Advisors Inc. now owns 498 shares of the restaurant operator’s stock valued at $207,000 after purchasing an additional 29 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in shares of Chipotle Mexican Grill by 0.7% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,012 shares of the restaurant operator’s stock valued at $2,085,000 after purchasing an additional 33 shares during the last quarter. Finally, Sii Investments Inc. WI grew its holdings in shares of Chipotle Mexican Grill by 2.5% during the 2nd quarter. Sii Investments Inc. WI now owns 1,462 shares of the restaurant operator’s stock valued at $600,000 after purchasing an additional 35 shares during the last quarter. 88.69% of the stock is currently owned by institutional investors.

Chipotle Mexican Grill, Inc. (NYSE:CMG) traded down $2.51 on Tuesday, reaching $313.39. 688,600 shares of the company’s stock traded hands, compared to its average volume of 1,173,683. Chipotle Mexican Grill, Inc. has a 1 year low of $263.00 and a 1 year high of $499.00. The firm has a market capitalization of $8,918.78, a P/E ratio of 54.47, a price-to-earnings-growth ratio of 2.72 and a beta of 0.49.

Chipotle Mexican Grill (NYSE:CMG) last released its quarterly earnings data on Tuesday, October 24th. The restaurant operator reported $1.33 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate 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 business had revenue of $1.13 billion for the quarter, compared to analyst estimates of $1.14 billion. During the same quarter in the previous year, the company posted $0.56 EPS. The business’s quarterly revenue was up 8.8% on a year-over-year basis. analysts forecast that Chipotle Mexican Grill, Inc. will post 6.63 earnings per share for the current year.

A number of equities research analysts have weighed in on the stock. Credit Suisse Group reissued a “neutral” rating and set a $320.00 target price (down from $335.00) on shares of Chipotle Mexican Grill in a report on Friday, August 25th. Zacks Investment Research lowered shares of Chipotle Mexican Grill from a “hold” rating to a “strong sell” rating in a report on Tuesday, September 26th. Deutsche Bank set a $240.00 target price on shares of Chipotle Mexican Grill and gave the stock a “sell” rating in a report on Wednesday, October 25th. Nomura reduced their target price on shares of Chipotle Mexican Grill to $338.00 and set a “neutral” rating on the stock in a report on Thursday, October 19th. Finally, Maxim Group reissued a “buy” rating and set a $435.00 target price on shares of Chipotle Mexican Grill in a report on Thursday, September 21st. Seven research analysts have rated the stock with a sell rating, twenty-four have assigned a hold rating, eight have given a buy rating and one has given a strong buy rating to the company. Chipotle Mexican Grill has an average 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.

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

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