Chipotle Mexican Grill, Inc. (CMG) Shares Bought by Bank of Nova Scotia

Bank of Nova Scotia raised its stake in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) by 42.1% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 143,072 shares of the restaurant operator’s stock after buying an additional 42,418 shares during the period. Bank of Nova Scotia owned about 0.50% of Chipotle Mexican Grill worth $63,742,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. Vanguard Group Inc. increased its position in shares of Chipotle Mexican Grill by 2.6% in the first quarter. Vanguard Group Inc. now owns 2,719,423 shares of the restaurant operator’s stock valued at $1,211,558,000 after buying an additional 69,007 shares during the last quarter. BlackRock Inc. increased its position in shares of Chipotle Mexican Grill by 3,309.6% in the first quarter. BlackRock Inc. now owns 2,424,479 shares of the restaurant operator’s stock valued at $1,080,155,000 after buying an additional 2,353,372 shares during the last quarter. State Street Corp increased its position in shares of Chipotle Mexican Grill by 3.7% in the first quarter. State Street Corp now owns 1,237,517 shares of the restaurant operator’s stock valued at $551,348,000 after buying an additional 44,694 shares during the last quarter. American Century Companies Inc. increased its position in shares of Chipotle Mexican Grill by 26.5% in the first quarter. American Century Companies Inc. now owns 352,826 shares of the restaurant operator’s stock valued at $157,191,000 after buying an additional 73,914 shares during the last quarter. Finally, TIAA CREF Investment Management LLC increased its position in shares of Chipotle Mexican Grill by 3.1% in the first quarter. TIAA CREF Investment Management LLC now owns 322,802 shares of the restaurant operator’s stock valued at $143,815,000 after buying an additional 9,751 shares during the last quarter. Hedge funds and other institutional investors own 95.55% of the company’s stock.

Chipotle Mexican Grill, Inc. (CMG) traded down 0.678% during mid-day trading on Monday, reaching $412.465. The company had a trading volume of 369,101 shares. The company has a market capitalization of $11.82 billion, a P/E ratio of 127.580 and a beta of 0.56. The stock has a 50 day moving average price of $473.87 and a 200 day moving average price of $431.95. Chipotle Mexican Grill, Inc. has a one year low of $352.96 and a one year high of $499.00.

Chipotle Mexican Grill (NYSE:CMG) last announced its quarterly earnings results on Tuesday, April 25th. The restaurant operator reported $1.60 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.28 by $0.32. Chipotle Mexican Grill had a net margin of 4.32% and a return on equity of 13.17%. The business had revenue of $1.07 billion for the quarter, compared to analysts’ expectations of $1.05 billion. During the same quarter last year, the firm earned ($0.88) EPS. The firm’s revenue for the quarter was up 28.1% compared to the same quarter last year. On average, equities analysts expect that Chipotle Mexican Grill, Inc. will post $8.25 earnings per share for the current fiscal year.

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CMG has been the subject of several research analyst reports. SunTrust Banks, Inc. lifted their price objective on Chipotle Mexican Grill from $500.00 to $550.00 and gave the company a “buy” rating in a research report on Wednesday, April 26th. Mizuho reissued a “buy” rating and issued a $533.00 target price on shares of Chipotle Mexican Grill in a research note on Wednesday, June 21st. Standpoint Research began coverage on Chipotle Mexican Grill in a research note on Wednesday, April 19th. They issued a “sell” rating and a $420.00 target price for the company. Maxim Group reissued a “hold” rating and issued a $440.00 target price on shares of Chipotle Mexican Grill in a research note on Tuesday, June 20th. Finally, BTIG Research reissued a “neutral” rating on shares of Chipotle Mexican Grill in a research note on Tuesday, June 20th. Eight equities research analysts have rated the stock with a sell rating, seventeen have issued a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $450.68.

Chipotle Mexican Grill Company 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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