Chipotle Mexican Grill, Inc. $CMG Shares Sold by Capital Group Private Client Services Inc.

Capital Group Private Client Services Inc. decreased its holdings in Chipotle Mexican Grill, Inc. (NYSE:CMG) by 73.7% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 269,467 shares of the restaurant operator’s stock after selling 755,299 shares during the quarter. Capital Group Private Client Services Inc.’s holdings in Chipotle Mexican Grill were worth $10,560,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in CMG. Operose Advisors LLC purchased a new stake in Chipotle Mexican Grill during the 2nd quarter worth approximately $25,000. Salomon & Ludwin LLC purchased a new position in Chipotle Mexican Grill in the 3rd quarter valued at approximately $26,000. Lavaca Capital LLC acquired a new position in shares of Chipotle Mexican Grill in the second quarter worth $28,000. Steigerwald Gordon & Koch Inc. acquired a new position in shares of Chipotle Mexican Grill in the third quarter worth $29,000. Finally, Murphy & Mullick Capital Management Corp increased its position in shares of Chipotle Mexican Grill by 106.7% during the third quarter. Murphy & Mullick Capital Management Corp now owns 775 shares of the restaurant operator’s stock worth $30,000 after acquiring an additional 400 shares during the period. Institutional investors and hedge funds own 91.30% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on CMG shares. Wells Fargo & Company reduced their price objective on Chipotle Mexican Grill from $50.00 to $45.00 and set an “overweight” rating on the stock in a research note on Wednesday, February 4th. Zacks Research downgraded Chipotle Mexican Grill from a “hold” rating to a “strong sell” rating in a report on Friday, February 6th. KeyCorp reduced their price target on Chipotle Mexican Grill from $45.00 to $42.00 and set an “overweight” rating on the stock in a research report on Wednesday, February 4th. Raymond James Financial lifted their price objective on Chipotle Mexican Grill from $40.00 to $45.00 and gave the company an “outperform” rating in a research note on Wednesday, January 21st. Finally, Argus reissued a “hold” rating on shares of Chipotle Mexican Grill in a research report on Thursday, February 5th. Twenty-three research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and one has issued 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 an average target price of $47.37.

Chipotle Mexican Grill Price Performance

Shares of CMG opened at $35.33 on Tuesday. Chipotle Mexican Grill, Inc. has a 1-year low of $29.75 and a 1-year high of $58.42. The stock has a market cap of $46.01 billion, a PE ratio of 30.99, a price-to-earnings-growth ratio of 2.18 and a beta of 1.00. The firm has a fifty day moving average price of $38.33 and a 200 day moving average price of $37.77.

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

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.