Intech Investment Management LLC Sells 206,898 Shares of Chipotle Mexican Grill, Inc. $CMG

Intech Investment Management LLC reduced its stake in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) by 14.3% during the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 1,243,425 shares of the restaurant operator’s stock after selling 206,898 shares during the quarter. Chipotle Mexican Grill comprises 0.7% of Intech Investment Management LLC’s portfolio, making the stock its 23rd biggest holding. Intech Investment Management LLC’s holdings in Chipotle Mexican Grill were worth $69,818,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently made changes to their positions in the company. Vanguard Group Inc. lifted its holdings 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 worth $6,148,884,000 after purchasing an additional 1,597,287 shares during the last quarter. Price T Rowe Associates Inc. MD raised its position in shares of Chipotle Mexican Grill by 7.6% in the first quarter. Price T Rowe Associates Inc. MD now owns 56,827,332 shares of the restaurant operator’s stock valued at $2,853,302,000 after purchasing an additional 4,027,016 shares during the period. Alliancebernstein L.P. lifted 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 buying an additional 2,404,798 shares during the last quarter. Geode Capital Management LLC boosted its holdings in shares of Chipotle Mexican Grill by 1.1% during the 2nd quarter. Geode Capital Management LLC now owns 29,659,508 shares of the restaurant operator’s stock worth $1,657,193,000 after buying an additional 325,926 shares during the period. Finally, American Century Companies Inc. boosted its holdings in 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 acquiring an additional 425,648 shares during the period. Institutional investors own 91.30% of the company’s stock.

Chipotle Mexican Grill Stock Performance

Shares of Chipotle Mexican Grill stock opened at $31.55 on Friday. The firm has a market cap of $41.71 billion, a P/E ratio of 27.92, a price-to-earnings-growth ratio of 2.65 and a beta of 0.98. The firm’s 50-day simple moving average is $38.17 and its 200-day simple moving average is $45.44. Chipotle Mexican Grill, Inc. has a twelve month low of $29.75 and a twelve month high of $66.74.

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

Wall Street Analyst Weigh In

Several analysts recently weighed in on the company. JPMorgan Chase & Co. decreased their target price on Chipotle Mexican Grill from $44.00 to $40.00 and set a “neutral” rating for the company in a research note on Thursday, October 30th. Evercore ISI reduced their price objective on 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. Guggenheim dropped their target price on shares of Chipotle Mexican Grill from $47.00 to $46.00 and set a “neutral” rating on the stock in a research report on Friday, July 25th. The Goldman Sachs Group reiterated a “buy” rating and set a $45.00 target price (down from $52.00) on shares of Chipotle Mexican Grill in a research note on Thursday, October 30th. Finally, Piper Sandler raised Chipotle Mexican Grill from a “neutral” rating to an “overweight” rating and decreased their target price for the stock from $53.00 to $50.00 in a research report on Tuesday, August 12th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-two have given a Buy rating, eleven have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, Chipotle Mexican Grill presently has an average rating of “Moderate Buy” and a consensus price target 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.