Sterling Capital Management LLC Sells 22,505 Shares of Chipotle Mexican Grill, Inc. $CMG

Sterling Capital Management LLC decreased its stake in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) by 40.9% during the first quarter, HoldingsChannel.com reports. The fund owned 32,506 shares of the restaurant operator’s stock after selling 22,505 shares during the period. Sterling Capital Management LLC’s holdings in Chipotle Mexican Grill were worth $1,041,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Financial Life Planners acquired a new stake in Chipotle Mexican Grill in the 3rd quarter worth approximately $25,000. Wealth Watch Advisors INC acquired a new position in Chipotle Mexican Grill during the third quarter valued at approximately $25,000. MV Capital Management Inc. acquired a new position in Chipotle Mexican Grill during the fourth quarter valued at approximately $26,000. Osbon Capital Management LLC bought a new position in shares of Chipotle Mexican Grill in the fourth quarter valued at approximately $28,000. Finally, Merkkuri Wealth Advisors LLC bought a new position in shares of Chipotle Mexican Grill in the first quarter valued at approximately $28,000. 91.30% of the stock is owned by institutional investors.

Chipotle Mexican Grill Price Performance

NYSE:CMG opened at $34.00 on Wednesday. Chipotle Mexican Grill, Inc. has a one year low of $28.03 and a one year high of $58.42. The company has a fifty day moving average price of $32.30 and a 200 day moving average price of $35.08. The stock has a market cap of $43.61 billion, a P/E ratio of 31.19, a PEG ratio of 2.12 and a beta of 0.99.

Chipotle Mexican Grill (NYSE:CMG) last posted its quarterly earnings results on Wednesday, April 29th. The restaurant operator reported $0.24 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.24. Chipotle Mexican Grill had a net margin of 11.96% and a return on equity of 49.64%. The company had revenue of $3.09 billion for the quarter, compared to analyst estimates of $3.07 billion. During the same period last year, the business posted $0.29 EPS. The business’s quarterly revenue was up 7.4% on a year-over-year basis. As a group, equities research analysts anticipate that Chipotle Mexican Grill, Inc. will post 1.13 EPS for the current year.

Analysts Set New Price Targets

Several analysts recently issued reports on the stock. BTIG Research reaffirmed a “buy” rating and set a $45.00 price objective on shares of Chipotle Mexican Grill in a report on Thursday, April 30th. DA Davidson started coverage on shares of Chipotle Mexican Grill in a report on Friday, March 6th. They issued a “buy” rating and a $51.00 target price on the stock. Raymond James Financial cut their target price on shares of Chipotle Mexican Grill from $43.00 to $41.00 and set an “outperform” rating for the company in a research report on Tuesday, April 21st. Stifel Nicolaus restated a “buy” rating on shares of Chipotle Mexican Grill in a report on Monday, March 9th. Finally, Wall Street Zen raised Chipotle Mexican Grill from a “sell” rating to a “hold” rating in a research report on Saturday, March 7th. Twenty-three research analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the company’s stock. According to data from MarketBeat, Chipotle Mexican Grill presently has an average rating of “Moderate Buy” and a consensus target price of $45.10.

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.