Tyers Asset Management LLC lowered its holdings in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) by 64.7% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 792 shares of the restaurant operator’s stock after selling 1,452 shares during the period. Tyers Asset Management LLC’s holdings in Chipotle Mexican Grill were worth $581,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Cerebellum GP LLC purchased a new position in shares of Chipotle Mexican Grill in the 2nd quarter worth about $347,000. MML Investors Services LLC lifted its stake in shares of Chipotle Mexican Grill by 29.5% in the 1st quarter. MML Investors Services LLC now owns 1,092 shares of the restaurant operator’s stock valued at $776,000 after acquiring an additional 249 shares during the last quarter. FMR LLC raised its position in Chipotle Mexican Grill by 88.7% during the 1st quarter. FMR LLC now owns 1,143,585 shares of the restaurant operator’s stock valued at $812,301,000 after purchasing an additional 537,677 shares during the last quarter. Gulf International Bank UK Ltd raised its position in Chipotle Mexican Grill by 6.0% during the 2nd quarter. Gulf International Bank UK Ltd now owns 6,460 shares of the restaurant operator’s stock valued at $4,734,000 after purchasing an additional 367 shares during the last quarter. Finally, Aperio Group LLC raised its position in shares of Chipotle Mexican Grill by 9.6% in the 2nd quarter. Aperio Group LLC now owns 7,813 shares of the restaurant operator’s stock worth $5,726,000 after acquiring an additional 682 shares in the last quarter. 92.04% of the stock is owned by institutional investors and hedge funds.

Shares of NYSE:CMG traded down $6.44 during trading hours on Friday, hitting $799.01. 15,831 shares of the company’s stock traded hands, compared to its average volume of 372,428. The company has a debt-to-equity ratio of 1.65, a quick ratio of 1.48 and a current ratio of 1.52. Chipotle Mexican Grill, Inc. has a 52 week low of $383.20 and a 52 week high of $857.90. The company has a market cap of $21.85 billion, a price-to-earnings ratio of 88.00, a price-to-earnings-growth ratio of 3.14 and a beta of 0.71. The company’s fifty day simple moving average is $812.34 and its two-hundred day simple moving average is $724.40.

Chipotle Mexican Grill (NYSE:CMG) last issued its quarterly earnings data on Tuesday, July 23rd. The restaurant operator reported $3.99 earnings per share for the quarter, beating the consensus estimate of $3.68 by $0.31. Chipotle Mexican Grill had a net margin of 4.80% and a return on equity of 21.50%. The firm had revenue of $1.43 billion for the quarter, compared to analyst estimates of $1.41 billion. During the same quarter last year, the firm earned $2.87 earnings per share. The company’s revenue for the quarter was up 13.2% on a year-over-year basis. On average, analysts anticipate that Chipotle Mexican Grill, Inc. will post 13.36 EPS for the current fiscal year.

Several analysts have commented on the company. Citigroup increased their target price on Chipotle Mexican Grill from $695.00 to $797.00 and gave the company a “buy” rating in a research note on Thursday, June 6th. BMO Capital Markets raised their target price on Chipotle Mexican Grill from $620.00 to $640.00 and gave the stock an “underperform” rating in a report on Wednesday, July 24th. Evercore ISI started coverage on Chipotle Mexican Grill in a report on Tuesday, June 11th. They set an “outperform” rating and a $825.00 price target on the stock. JPMorgan Chase & Co. raised their price objective on Chipotle Mexican Grill from $650.00 to $705.00 and gave the company a “neutral” rating in a research report on Wednesday, July 24th. Finally, Goldman Sachs Group set a $1,000.00 price objective on Chipotle Mexican Grill and gave the company a “buy” rating in a research report on Friday, August 30th. Seven analysts have rated the stock with a sell rating, twelve have issued a hold rating and sixteen have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $709.58.

In related news, Director Albert S. Baldocchi sold 1,164 shares of the stock in a transaction on Thursday, July 25th. The stock was sold at an average price of $775.00, for a total value of $902,100.00. Following the sale, the director now owns 72,756 shares in the company, valued at approximately $56,385,900. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Steve Ells sold 28,645 shares of the company’s stock in a transaction on Monday, July 29th. The shares were sold at an average price of $802.66, for a total value of $22,992,195.70. Following the completion of the transaction, the insider now directly owns 183,580 shares in the company, valued at $147,352,322.80. The disclosure for this sale can be found here. Insiders have sold 163,559 shares of company stock worth $125,535,353 in the last quarter. Corporate insiders own 2.21% of the company’s stock.

Chipotle Mexican Grill Company Profile

Chipotle Mexican Grill, Inc, together with its subsidiaries, operates Chipotle Mexican Grill restaurants. As of December 31, 2018, it operated 2,491 restaurants, including 2,452 Chipotle restaurants in the United States, 37 Chipotle restaurants internationally, and two non-Chipotle restaurants. The company was founded in 1993 and is headquartered in Newport Beach, California.

See Also: Fundamental Analysis

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

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