Cambridge Investment Research Advisors Inc. Lowers Stake in Chipotle Mexican Grill, Inc. (NYSE:CMG)

Cambridge Investment Research Advisors Inc. lowered its stake in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) by 23.4% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,139 shares of the restaurant operator’s stock after selling 959 shares during the period. Cambridge Investment Research Advisors Inc.’s holdings in Chipotle Mexican Grill were worth $3,303,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently bought and sold shares of the business. IBM Retirement Fund lifted its stake in Chipotle Mexican Grill by 61.1% in the 1st quarter. IBM Retirement Fund now owns 601 shares of the restaurant operator’s stock valued at $393,000 after buying an additional 228 shares in the last quarter. Ballast Advisors LLC acquired a new stake in Chipotle Mexican Grill in the 1st quarter valued at about $48,000. Martingale Asset Management L P raised its holdings in Chipotle Mexican Grill by 118.7% in the 1st quarter. Martingale Asset Management L P now owns 1,671 shares of the restaurant operator’s stock valued at $1,095,000 after acquiring an additional 907 shares during the last quarter. New York State Teachers Retirement System raised its holdings in Chipotle Mexican Grill by 1.6% in the 2nd quarter. New York State Teachers Retirement System now owns 38,547 shares of the restaurant operator’s stock valued at $40,565,000 after acquiring an additional 606 shares during the last quarter. Finally, Victory Capital Management Inc. raised its holdings in Chipotle Mexican Grill by 82.0% in the 1st quarter. Victory Capital Management Inc. now owns 63,372 shares of the restaurant operator’s stock valued at $41,471,000 after acquiring an additional 28,547 shares during the last quarter. Institutional investors own 95.28% of the company’s stock.

Shares of CMG opened at $1,155.16 on Friday. Chipotle Mexican Grill, Inc. has a 1-year low of $415.00 and a 1-year high of $1,187.00. The stock has a market cap of $32.22 billion, a PE ratio of 113.70, a price-to-earnings-growth ratio of 5.75 and a beta of 1.22. The company has a debt-to-equity ratio of 1.65, a current ratio of 1.59 and a quick ratio of 1.56. The firm has a fifty day moving average price of $1,080.66 and a 200 day moving average price of $899.88.

Chipotle Mexican Grill (NYSE:CMG) last announced its quarterly earnings results on Wednesday, July 22nd. The restaurant operator reported $0.40 earnings per share for the quarter, beating analysts’ consensus estimates of $0.35 by $0.05. Chipotle Mexican Grill had a net margin of 4.55% and a return on equity of 17.24%. The firm had revenue of $1.36 billion during the quarter, compared to analysts’ expectations of $1.33 billion. As a group, equities analysts expect that Chipotle Mexican Grill, Inc. will post 10.43 EPS for the current fiscal year.

A number of brokerages have recently issued reports on CMG. Barclays cut their price target on shares of Chipotle Mexican Grill from $855.00 to $800.00 and set an “equal weight” rating for the company in a report on Wednesday, April 22nd. Wells Fargo & Co raised their price target on shares of Chipotle Mexican Grill from $969.00 to $1,282.00 and gave the stock an “overweight” rating in a report on Thursday, July 23rd. KeyCorp lifted their target price on shares of Chipotle Mexican Grill from $1,250.00 to $1,300.00 and gave the company an “overweight” rating in a report on Thursday, July 23rd. Oppenheimer reiterated a “hold” rating on shares of Chipotle Mexican Grill in a report on Wednesday, April 22nd. Finally, Wedbush lifted their target price on shares of Chipotle Mexican Grill from $1,200.00 to $1,320.00 and gave the company an “outperform” rating in a report on Thursday, July 23rd. One analyst has rated the stock with a sell rating, eighteen have issued a hold rating and fifteen have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $1,059.20.

In related news, Director Albert S. Baldocchi sold 542 shares of the business’s stock in a transaction on Wednesday, June 3rd. The shares were sold at an average price of $1,056.63, for a total value of $572,693.46. Following the completion of the sale, the director now directly owns 72,431 shares of the company’s stock, valued at $76,532,767.53. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider Scott Boatwright sold 2,723 shares of the business’s stock in a transaction on Monday, June 1st. The shares were sold at an average price of $1,033.44, for a total transaction of $2,814,057.12. Following the completion of the sale, the insider now directly owns 8,085 shares of the company’s stock, valued at $8,355,362.40. The disclosure for this sale can be found here. Over the last three months, insiders sold 5,066 shares of company stock valued at $5,235,881. 1.00% of the stock is owned by corporate insiders.

Chipotle Mexican Grill Profile

Chipotle Mexican Grill, Inc, together with its subsidiaries, operates Chipotle Mexican Grill restaurants. As of December 31, 2018, it operated 2,491 restaurants, including 2,452 Chipotle restaurants in the United States, 37 Chipotle restaurants internationally, and two non-Chipotle restaurants. The company was founded in 1993 and is headquartered in Newport Beach, California.

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Institutional Ownership by Quarter for Chipotle Mexican Grill (NYSE:CMG)

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