Chipotle Mexican Grill, Inc. $CMG Shares Sold by Trillium Asset Management LLC

Trillium Asset Management LLC decreased its holdings in Chipotle Mexican Grill, Inc. (NYSE:CMG) by 3.0% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 809,307 shares of the restaurant operator’s stock after selling 24,813 shares during the period. Chipotle Mexican Grill comprises approximately 1.2% of Trillium Asset Management LLC’s portfolio, making the stock its 19th largest position. Trillium Asset Management LLC owned 0.06% of Chipotle Mexican Grill worth $45,443,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the business. Saudi Central Bank acquired a new position in Chipotle Mexican Grill during the 1st quarter worth approximately $27,000. 1248 Management LLC purchased a new stake in shares of Chipotle Mexican Grill during the 1st quarter worth $27,000. Signature Resources Capital Management LLC purchased a new stake in shares of Chipotle Mexican Grill during the 2nd quarter worth $28,000. Oliver Lagore Vanvalin Investment Group purchased a new stake in shares of Chipotle Mexican Grill during the 2nd quarter worth $29,000. Finally, Activest Wealth Management lifted its holdings in Chipotle Mexican Grill by 109.3% during the 2nd quarter. Activest Wealth Management now owns 517 shares of the restaurant operator’s stock worth $29,000 after buying an additional 270 shares during the last quarter. Institutional investors and hedge funds own 91.30% of the company’s stock.

Chipotle Mexican Grill Stock Up 0.7%

CMG opened at $31.74 on Wednesday. Chipotle Mexican Grill, Inc. has a 52 week low of $31.01 and a 52 week high of $66.74. The company has a market cap of $42.56 billion, a PE ratio of 28.09, a P/E/G ratio of 2.65 and a beta of 0.99. The business has a 50 day moving average price of $39.92 and a two-hundred day moving average price of $46.41.

Chipotle Mexican Grill (NYSE:CMG) last issued its earnings results on Wednesday, October 29th. The restaurant operator reported $0.29 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.29. The business had revenue of $3 billion during the quarter, compared to the consensus estimate of $3.06 billion. Chipotle Mexican Grill had a return on equity of 44.32% and a net margin of 13.04%.The company’s revenue for the quarter was up 7.5% on a year-over-year basis. During the same period in the prior year, the business posted $0.27 EPS. As a group, sell-side analysts expect that Chipotle Mexican Grill, Inc. will post 1.29 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of analysts have issued reports on CMG shares. Raymond James Financial reaffirmed an “outperform” rating and set a $40.00 price target (down from $52.00) on shares of Chipotle Mexican Grill in a report on Thursday, October 30th. Zacks Research cut Chipotle Mexican Grill from a “hold” rating to a “strong sell” rating in a research note on Thursday, October 30th. JPMorgan Chase & Co. reduced their price objective on shares of Chipotle Mexican Grill from $44.00 to $40.00 and set a “neutral” rating for the company in a research report on Thursday, October 30th. Guggenheim reduced their price objective on shares of Chipotle Mexican Grill from $47.00 to $46.00 and set a “neutral” rating for the company in a research report on Friday, July 25th. Finally, Evercore ISI reduced their price objective on shares of Chipotle Mexican Grill from $53.00 to $45.00 and set an “outperform” rating for the company in a research report on Thursday, October 30th. Two research analysts have rated the stock with a Strong Buy rating, twenty-two have given a Buy rating, eleven have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $49.81.

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.