Chipotle Mexican Grill, Inc. $CMG Shares Sold by IFM Investors Pty Ltd

IFM Investors Pty Ltd reduced its position in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) by 1.1% during the 1st quarter, Holdings Channel.com reports. The firm owned 252,150 shares of the restaurant operator’s stock after selling 2,688 shares during the quarter. IFM Investors Pty Ltd’s holdings in Chipotle Mexican Grill were worth $12,660,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Belpointe Asset Management LLC increased its stake in shares of Chipotle Mexican Grill by 39.1% during the 1st quarter. Belpointe Asset Management LLC now owns 6,151 shares of the restaurant operator’s stock valued at $309,000 after acquiring an additional 1,730 shares during the last quarter. Integrity Alliance LLC. acquired a new position in shares of Chipotle Mexican Grill during the 1st quarter valued at about $258,000. Ransom Advisory Ltd acquired a new position in shares of Chipotle Mexican Grill in the 1st quarter valued at about $329,000. Anchor Investment Management LLC lifted its stake in shares of Chipotle Mexican Grill by 2.2% in the 1st quarter. Anchor Investment Management LLC now owns 27,747 shares of the restaurant operator’s stock valued at $1,393,000 after purchasing an additional 598 shares in the last quarter. Finally, Glenview Trust co lifted its stake in shares of Chipotle Mexican Grill by 0.7% in the 1st quarter. Glenview Trust co now owns 93,611 shares of the restaurant operator’s stock valued at $4,700,000 after purchasing an additional 661 shares in the last quarter. Institutional investors and hedge funds own 91.30% of the company’s stock.

Chipotle Mexican Grill Stock Performance

CMG stock opened at $38.73 on Thursday. Chipotle Mexican Grill, Inc. has a 1 year low of $38.50 and a 1 year high of $66.74. The firm has a market cap of $51.93 billion, a P/E ratio of 34.58, a price-to-earnings-growth ratio of 2.01 and a beta of 1.02. The stock has a 50-day simple moving average of $46.28 and a 200-day simple moving average of $49.31.

Chipotle Mexican Grill (NYSE:CMG) last posted its earnings results on Wednesday, July 23rd. The restaurant operator reported $0.33 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.32 by $0.01. Chipotle Mexican Grill had a return on equity of 43.50% and a net margin of 13.32%.The business had revenue of $3.06 billion during the quarter, compared to analyst estimates of $3.11 billion. During the same quarter last year, the firm earned $0.34 earnings per share. The company’s revenue for the quarter was up 3.0% compared to the same quarter last year. On average, equities research analysts predict that Chipotle Mexican Grill, Inc. will post 1.29 EPS for the current year.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the company. Redburn Atlantic assumed coverage on Chipotle Mexican Grill in a research note on Tuesday, June 10th. They issued a “neutral” rating and a $55.00 price objective on the stock. BTIG Research reaffirmed a “buy” rating and issued a $57.00 price objective on shares of Chipotle Mexican Grill in a research note on Friday, September 5th. UBS Group lifted their price objective on Chipotle Mexican Grill from $60.00 to $65.00 and gave the company a “buy” rating in a research note on Thursday, July 17th. TD Cowen reduced their price objective on Chipotle Mexican Grill from $61.00 to $58.00 and set a “buy” rating on the stock in a research note on Wednesday, July 23rd. Finally, Citigroup reduced their price objective on Chipotle Mexican Grill from $68.00 to $62.00 and set a “buy” rating on the stock in a research note on Thursday, July 24th. Two analysts have rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating and eight have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $59.76.

About Chipotle Mexican Grill

Chipotle Mexican Grill, Inc, together with its subsidiaries, owns and operates Chipotle Mexican Grill restaurants. It sells food and beverages through offering burritos, burrito bowls, quesadillas, tacos, and salads. The company also provides delivery and related services its app and website. It has operations in the United States, Canada, France, Germany, and the United Kingdom.