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Investment firms boosted Chipotle shares, reflecting optimism as the company reported strong earnings.
Russell Investments Group Ltd. increased its Chipotle Mexican Grill (CMG) holdings by 9.7%, acquiring 181,863 shares, now owning 2,056,922 shares worth $124 million.
Meanwhile, Clearbridge Investments LLC purchased 3,038,460 shares, totaling 3,180,051 shares.
Chipotle reported a $0.25 EPS, above forecasts, with a market cap of $64.09 billion and a 42.59 P/E ratio, indicating strong financial health and analyst optimism.
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Las empresas de inversión impulsaron las acciones de Chipotle, reflejando optimismo a medida que la compañía reportaba fuertes ganancias.