Westwood Holdings Group Inc. Sells 18,117 Shares of Chipotle Mexican Grill, Inc. $CMG

Westwood Holdings Group Inc. decreased its position in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) by 3.8% during the second quarter, HoldingsChannel reports. The institutional investor owned 458,442 shares of the restaurant operator’s stock after selling 18,117 shares during the period. Westwood Holdings Group Inc.’s holdings in Chipotle Mexican Grill were worth $25,742,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its position in Chipotle Mexican Grill by 1.3% in the 1st quarter. Vanguard Group Inc. now owns 122,463,327 shares of the restaurant operator’s stock valued at $6,148,884,000 after acquiring an additional 1,597,287 shares in the last quarter. Price T Rowe Associates Inc. MD increased its holdings in shares of Chipotle Mexican Grill by 7.6% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 56,827,332 shares of the restaurant operator’s stock worth $2,853,302,000 after purchasing an additional 4,027,016 shares in the last quarter. Alliancebernstein L.P. raised its stake in shares of Chipotle Mexican Grill by 8.0% in the first quarter. Alliancebernstein L.P. now owns 32,505,318 shares of the restaurant operator’s stock worth $1,632,092,000 after purchasing an additional 2,404,798 shares during the last quarter. Geode Capital Management LLC lifted its holdings in shares of Chipotle Mexican Grill by 1.1% during the second quarter. Geode Capital Management LLC now owns 29,659,508 shares of the restaurant operator’s stock valued at $1,657,193,000 after purchasing an additional 325,926 shares in the last quarter. Finally, American Century Companies Inc. lifted its holdings in shares of Chipotle Mexican Grill by 2.1% during the first quarter. American Century Companies Inc. now owns 20,662,628 shares of the restaurant operator’s stock valued at $1,037,471,000 after purchasing an additional 425,648 shares in the last quarter. 91.30% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on CMG shares. KeyCorp reduced their price objective on Chipotle Mexican Grill from $52.00 to $45.00 and set an “overweight” rating for the company in a report on Thursday, October 30th. Stifel Nicolaus dropped their price target on shares of Chipotle Mexican Grill from $65.00 to $60.00 and set a “buy” rating on the stock in a report on Tuesday, September 9th. Evercore ISI decreased 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 report on Thursday, October 30th. Zacks Research downgraded shares of Chipotle Mexican Grill from a “hold” rating to a “strong sell” rating in a research report on Thursday, October 30th. Finally, Royal Bank Of Canada cut their target price on shares of Chipotle Mexican Grill from $58.00 to $40.00 and set an “outperform” rating for the company in a research report on Thursday, October 30th. Two analysts have rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating, eleven have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, Chipotle Mexican Grill currently has an average rating of “Moderate Buy” and a consensus target price of $49.81.

Chipotle Mexican Grill Trading Up 0.5%

CMG opened at $31.55 on Friday. The company has a market cap of $41.71 billion, a price-to-earnings ratio of 27.92, a PEG ratio of 2.65 and a beta of 0.98. The company’s 50 day moving average is $38.17 and its 200 day moving average is $45.40. Chipotle Mexican Grill, Inc. has a 12-month low of $29.75 and a 12-month high of $66.74.

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

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.