Y Intercept Hong Kong Ltd Decreases Holdings in Chipotle Mexican Grill, Inc. $CMG

Y Intercept Hong Kong Ltd lessened its stake in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) by 28.3% in the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 91,257 shares of the restaurant operator’s stock after selling 36,042 shares during the period. Y Intercept Hong Kong Ltd’s holdings in Chipotle Mexican Grill were worth $5,124,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Cloud Capital Management LLC purchased a new stake in Chipotle Mexican Grill during the first quarter worth about $25,000. Saudi Central Bank purchased a new stake in Chipotle Mexican Grill during the first quarter worth about $27,000. 1248 Management LLC purchased a new stake in Chipotle Mexican Grill during the first quarter worth about $27,000. Signature Resources Capital Management LLC purchased a new stake in Chipotle Mexican Grill during the second quarter worth about $28,000. Finally, Oliver Lagore Vanvalin Investment Group purchased a new stake in Chipotle Mexican Grill during the second quarter worth about $29,000. Hedge funds and other institutional investors own 91.30% of the company’s stock.

Analyst Ratings Changes

CMG has been the subject of several recent research reports. TD Cowen reiterated a “buy” rating and issued a $58.00 target price on shares of Chipotle Mexican Grill in a research note on Friday, September 19th. Piper Sandler upgraded shares of Chipotle Mexican Grill from a “neutral” rating to an “overweight” rating and reduced their target price for the stock from $53.00 to $50.00 in a research note on Tuesday, August 12th. Rothschild Redb upgraded shares of Chipotle Mexican Grill from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, September 3rd. Citigroup reduced their target price on shares of Chipotle Mexican Grill from $68.00 to $62.00 and set a “buy” rating for the company in a research note on Thursday, July 24th. Finally, Stephens reiterated an “equal weight” rating and issued a $60.00 target price on shares of Chipotle Mexican Grill in a research note on Monday, September 29th. Two research analysts have rated the stock with a Strong Buy rating, twenty-one have given a Buy rating and ten have issued a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $56.13.

Chipotle Mexican Grill Trading Down 1.8%

CMG stock opened at $40.34 on Wednesday. The firm has a 50 day moving average of $40.88 and a 200-day moving average of $46.96. Chipotle Mexican Grill, Inc. has a 12 month low of $38.30 and a 12 month high of $66.74. The firm has a market capitalization of $54.09 billion, a P/E ratio of 36.01, a price-to-earnings-growth ratio of 2.74 and a beta of 0.99.

Chipotle Mexican Grill Profile

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.