Investors Sell Shares of Chipotle Mexican Grill (CMG) on Strength (CMG)

Investors sold shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) on strength during trading on Wednesday. $85.24 million flowed into the stock on the tick-up and $103.55 million flowed out of the stock on the tick-down, for a money net flow of $18.31 million out of the stock. Of all companies tracked, Chipotle Mexican Grill had the 33rd highest net out-flow for the day. Chipotle Mexican Grill traded up $2.43 for the day and closed at $321.80

CMG has been the subject of a number of recent analyst reports. Goldman Sachs Group reiterated a “neutral” rating and issued a $360.00 target price on shares of Chipotle Mexican Grill in a research report on Wednesday, September 20th. Maxim Group reiterated a “buy” rating and issued a $435.00 target price on shares of Chipotle Mexican Grill in a research report on Thursday, September 21st. Mizuho reiterated a “buy” rating and issued a $450.00 target price on shares of Chipotle Mexican Grill in a research report on Saturday, September 23rd. Cowen reiterated an “underperform” rating and issued a $250.00 target price on shares of Chipotle Mexican Grill in a research report on Monday, September 25th. Finally, Zacks Investment Research lowered shares of Chipotle Mexican Grill from a “hold” rating to a “strong sell” rating in a research report on Tuesday, September 26th. Six research analysts have rated the stock with a sell rating, twenty-four have given a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company’s stock. Chipotle Mexican Grill presently has an average rating of “Hold” and an average target price of $357.00.

The firm has a market cap of $9,240.00, a PE ratio of 63.44, a price-to-earnings-growth ratio of 1.92 and a beta of 0.50.

Chipotle Mexican Grill (NYSE:CMG) last posted its quarterly earnings data on Tuesday, October 24th. The restaurant operator reported $1.33 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $2.24 by ($0.91). Chipotle Mexican Grill had a net margin of 3.37% and a return on equity of 11.80%. The business had revenue of $1.13 billion for the quarter, compared to the consensus estimate of $1.14 billion. During the same quarter last year, the business posted $0.56 EPS. The business’s revenue for the quarter was up 8.8% on a year-over-year basis. equities research analysts forecast that Chipotle Mexican Grill, Inc. will post 6.58 EPS for the current year.

A number of hedge funds have recently bought and sold shares of CMG. Carmignac Gestion lifted its stake in Chipotle Mexican Grill by 162.5% during the second quarter. Carmignac Gestion now owns 516,751 shares of the restaurant operator’s stock valued at $215,020,000 after buying an additional 319,875 shares in the last quarter. Renaissance Technologies LLC lifted its stake in Chipotle Mexican Grill by 169.1% during the second quarter. Renaissance Technologies LLC now owns 446,100 shares of the restaurant operator’s stock valued at $185,622,000 after buying an additional 280,300 shares in the last quarter. Principal Financial Group Inc. lifted its stake in Chipotle Mexican Grill by 196.5% during the third quarter. Principal Financial Group Inc. now owns 267,881 shares of the restaurant operator’s stock valued at $82,462,000 after buying an additional 177,530 shares in the last quarter. Check Capital Management Inc. CA purchased a new stake in Chipotle Mexican Grill during the third quarter valued at about $54,272,000. Finally, Janus Henderson Group PLC lifted its stake in Chipotle Mexican Grill by 332.5% during the third quarter. Janus Henderson Group PLC now owns 161,721 shares of the restaurant operator’s stock valued at $49,782,000 after buying an additional 124,330 shares in the last quarter. 88.43% of the stock is owned by institutional investors.

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About Chipotle Mexican Grill

Chipotle Mexican Grill, Inc (Chipotle), together with its subsidiaries, operates Chipotle Mexican Grill restaurants. The Company’s Chipotle Mexican Grill restaurants serve a menu of burritos, tacos, burrito bowls (a burrito without the tortilla) and salads. As of December 31, 2016, the Company managed its operations and restaurants based on 11 regions.

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