Thrivent Financial for Lutherans Sells 22,413 Shares of Chipotle Mexican Grill, Inc. $CMG

Thrivent Financial for Lutherans lowered its position in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) by 24.2% in the 4th quarter, Holdings Channel.com reports. The fund owned 70,099 shares of the restaurant operator’s stock after selling 22,413 shares during the quarter. Thrivent Financial for Lutherans’ holdings in Chipotle Mexican Grill were worth $2,594,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in CMG. Bank of Nova Scotia boosted its holdings in Chipotle Mexican Grill by 11.0% in the third quarter. Bank of Nova Scotia now owns 475,672 shares of the restaurant operator’s stock worth $18,642,000 after purchasing an additional 47,241 shares during the last quarter. Klein Pavlis & Peasley Financial Inc. purchased a new position in shares of Chipotle Mexican Grill during the 4th quarter worth $1,597,000. Crescent Park Management L.P. purchased a new position in shares of Chipotle Mexican Grill during the 3rd quarter worth $5,911,000. WINTON GROUP Ltd boosted its stake in shares of Chipotle Mexican Grill by 269.6% during the 3rd quarter. WINTON GROUP Ltd now owns 379,886 shares of the restaurant operator’s stock worth $14,888,000 after acquiring an additional 277,090 shares during the last quarter. Finally, Heritage Investors Management Corp boosted its stake in shares of Chipotle Mexican Grill by 6.8% during the 3rd quarter. Heritage Investors Management Corp now owns 498,120 shares of the restaurant operator’s stock worth $19,521,000 after acquiring an additional 31,560 shares during the last quarter. Institutional investors own 91.30% of the company’s stock.

Chipotle Mexican Grill Trading Down 0.1%

Shares of NYSE:CMG opened at $32.84 on Monday. The company has a market capitalization of $42.13 billion, a price-to-earnings ratio of 30.13, a PEG ratio of 2.12 and a beta of 1.03. Chipotle Mexican Grill, Inc. has a 12 month low of $29.75 and a 12 month high of $58.42. The firm’s 50-day moving average is $33.32 and its 200 day moving average is $35.24.

Chipotle Mexican Grill (NYSE:CMG) last announced its quarterly earnings results on Wednesday, April 29th. The restaurant operator reported $0.24 earnings per share for the quarter, hitting the consensus estimate of $0.24. The firm had revenue of $3.09 billion during the quarter, compared to analysts’ expectations of $3.07 billion. Chipotle Mexican Grill had a net margin of 11.96% and a return on equity of 49.64%. The company’s revenue was up 7.4% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.29 EPS. As a group, equities analysts forecast that Chipotle Mexican Grill, Inc. will post 1.13 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on CMG shares. TD Cowen restated a “buy” rating and set a $44.00 target price on shares of Chipotle Mexican Grill in a research note on Thursday, April 30th. DA Davidson started coverage on shares of Chipotle Mexican Grill in a research note on Friday, March 6th. They set a “buy” rating and a $51.00 target price on the stock. UBS Group restated a “buy” rating on shares of Chipotle Mexican Grill in a research note on Monday, January 26th. Mizuho upgraded shares of Chipotle Mexican Grill from a “neutral” rating to an “outperform” rating and lifted their target price for the company from $37.00 to $40.00 in a research note on Friday, March 20th. Finally, Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a $48.00 target price on shares of Chipotle Mexican Grill in a research note on Wednesday, February 4th. Twenty-four research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $46.03.

Chipotle Mexican Grill 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.