Vestmark Advisory Solutions Inc. Sells 28,180 Shares of Chipotle Mexican Grill, Inc. $CMG

Vestmark Advisory Solutions Inc. cut its stake in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) by 48.7% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 29,722 shares of the restaurant operator’s stock after selling 28,180 shares during the period. Vestmark Advisory Solutions Inc.’s holdings in Chipotle Mexican Grill were worth $1,165,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Sarasin & Partners LLP boosted its stake in shares of Chipotle Mexican Grill by 1.1% during the third quarter. Sarasin & Partners LLP now owns 2,565,111 shares of the restaurant operator’s stock valued at $102,348,000 after purchasing an additional 27,366 shares during the period. Rexford Capital Inc. grew its stake in Chipotle Mexican Grill by 3,266.1% in the 3rd quarter. Rexford Capital Inc. now owns 14,676 shares of the restaurant operator’s stock worth $575,000 after acquiring an additional 14,240 shares in the last quarter. Union Bancaire Privee UBP SA increased its position in shares of Chipotle Mexican Grill by 76.3% during the third quarter. Union Bancaire Privee UBP SA now owns 356,986 shares of the restaurant operator’s stock worth $13,333,000 after acquiring an additional 154,512 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. raised its stake in shares of Chipotle Mexican Grill by 7.1% during the second quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 2,596,483 shares of the restaurant operator’s stock valued at $145,793,000 after acquiring an additional 171,466 shares in the last quarter. Finally, Dillon & Associates Inc. boosted its holdings in shares of Chipotle Mexican Grill by 5.1% in the second quarter. Dillon & Associates Inc. now owns 287,433 shares of the restaurant operator’s stock valued at $16,096,000 after purchasing an additional 14,037 shares during the period. 91.30% of the stock is owned by hedge funds and other institutional investors.

Chipotle Mexican Grill Stock Up 2.7%

CMG stock opened at $37.49 on Thursday. The stock has a market capitalization of $48.83 billion, a PE ratio of 32.89, a price-to-earnings-growth ratio of 2.24 and a beta of 0.99. Chipotle Mexican Grill, Inc. has a 52 week low of $29.75 and a 52 week high of $58.42. The firm has a 50 day moving average of $38.49 and a 200 day moving average of $38.16.

Chipotle Mexican Grill (NYSE:CMG) last issued its quarterly earnings results on Tuesday, February 3rd. The restaurant operator reported $0.25 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.24 by $0.01. Chipotle Mexican Grill had a net margin of 12.88% and a return on equity of 47.99%. The business had revenue of $2.98 billion for the quarter, compared to analyst estimates of $2.96 billion. During the same quarter in the prior year, the business posted $0.25 EPS. Chipotle Mexican Grill’s revenue for the quarter was up 4.9% compared to the same quarter last year. On average, equities research analysts expect that Chipotle Mexican Grill, Inc. will post 1.29 earnings per share for the current year.

Analyst Ratings Changes

A number of equities research analysts have weighed in on CMG shares. Citigroup lifted their target price on Chipotle Mexican Grill from $48.00 to $49.00 and gave the company a “buy” rating in a research report on Wednesday, February 4th. Zacks Research lowered Chipotle Mexican Grill from a “hold” rating to a “strong sell” rating in a research note on Friday, February 6th. Evercore reaffirmed an “outperform” rating and issued a $45.00 price objective on shares of Chipotle Mexican Grill in a research note on Friday, December 19th. Stephens reissued an “equal weight” rating and set a $35.00 target price on shares of Chipotle Mexican Grill in a research report on Wednesday, February 4th. Finally, Truist Financial increased their price objective on shares of Chipotle Mexican Grill from $45.00 to $50.00 and gave the company a “buy” rating in a research note on Thursday, January 8th. Twenty-two equities research analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, Chipotle Mexican Grill currently has an average rating of “Moderate Buy” and a consensus target price of $47.24.

Chipotle Mexican Grill Company Profile

Chipotle Mexican Grill is a fast-casual restaurant company known for its Mexican-inspired menu of burritos, bowls, tacos and salads. Founded in 1993 by Steve Ells, the chain emphasizes fresh, customizable meals made from a limited menu of core ingredients and a focus on ingredient quality. Chipotle operates primarily company-owned restaurants and offers dine-in, takeout, catering and delivery through its own digital platforms and third-party partners.

The company is headquartered in Newport Beach, California, and traces its roots to Denver, Colorado.