Aviva PLC lowered its stake in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) by 4.6% during the third quarter, HoldingsChannel.com reports. The fund owned 11,947 shares of the restaurant operator’s stock after selling 581 shares during the period. Aviva PLC’s holdings in Chipotle Mexican Grill were worth $5,430,000 as of its most recent SEC filing.
Several other institutional investors also recently bought and sold shares of CMG. Jennison Associates LLC increased its position in shares of Chipotle Mexican Grill by 128.5% during the third quarter. Jennison Associates LLC now owns 830,269 shares of the restaurant operator’s stock worth $377,374,000 after acquiring an additional 466,849 shares during the period. Massachusetts Financial Services Co. MA purchased a new position in Chipotle Mexican Grill in the third quarter valued at $69,452,000. FMR LLC increased its holdings in Chipotle Mexican Grill by 10.2% in the second quarter. FMR LLC now owns 1,620,408 shares of the restaurant operator’s stock valued at $698,995,000 after buying an additional 149,725 shares during the last quarter. Wells Fargo & Company MN increased its holdings in Chipotle Mexican Grill by 125.3% in the third quarter. Wells Fargo & Company MN now owns 261,869 shares of the restaurant operator’s stock valued at $119,025,000 after buying an additional 145,631 shares during the last quarter. Finally, Victory Capital Management Inc. increased its holdings in Chipotle Mexican Grill by 2,018.2% in the third quarter. Victory Capital Management Inc. now owns 118,918 shares of the restaurant operator’s stock valued at $54,050,000 after buying an additional 113,304 shares during the last quarter. 91.40% of the stock is currently owned by institutional investors and hedge funds.
In other news, Director Pershing Square Capital Manage sold 118,307 shares of the stock in a transaction dated Tuesday, November 6th. The shares were sold at an average price of $472.05, for a total transaction of $55,846,819.35. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 2.19% of the stock is currently owned by corporate insiders.
Several equities analysts recently commented on the company. William Blair reissued a “hold” rating on shares of Chipotle Mexican Grill in a report on Thursday, August 23rd. Citigroup increased their target price on Chipotle Mexican Grill from $506.00 to $573.00 and gave the company a “buy” rating in a report on Wednesday, August 15th. Piper Jaffray Companies set a $550.00 target price on Chipotle Mexican Grill and gave the company a “buy” rating in a report on Monday, October 22nd. UBS Group lowered Chipotle Mexican Grill from a “market perform” rating to an “underperform” rating in a report on Monday, October 1st. Finally, Wells Fargo & Co increased their target price on Chipotle Mexican Grill from $415.00 to $420.00 and gave the company a “market perform” rating in a report on Friday, October 26th. Nine investment analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and fourteen have issued a buy rating to the company. Chipotle Mexican Grill currently has a consensus rating of “Hold” and a consensus price target of $431.72.
Shares of CMG opened at $467.43 on Friday. Chipotle Mexican Grill, Inc. has a fifty-two week low of $247.51 and a fifty-two week high of $530.68. The stock has a market cap of $13.01 billion, a PE ratio of 70.82, a price-to-earnings-growth ratio of 3.10 and a beta of 0.23.
Chipotle Mexican Grill (NYSE:CMG) last announced its earnings results on Thursday, October 25th. The restaurant operator reported $2.16 earnings per share for the quarter, topping the consensus estimate of $2.00 by $0.16. Chipotle Mexican Grill had a net margin of 3.96% and a return on equity of 17.14%. The business had revenue of $1.23 billion during the quarter, compared to the consensus estimate of $1.23 billion. Research analysts expect that Chipotle Mexican Grill, Inc. will post 8.47 EPS for the current fiscal year.
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Chipotle Mexican Grill Profile
Chipotle Mexican Grill, Inc, together with its subsidiaries, operates Chipotle Mexican Grill restaurants. As of September 30, 2018, it operated 2,424 Chipotle restaurants in the United States, as well as 37 international Chipotle restaurants. The company was founded in 1993 and is headquartered in Newport Beach, California.
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