Vident Investment Advisory LLC cut its stake in Chipotle Mexican Grill, Inc. (NYSE:CMG) by 33.1% during the 2nd quarter, HoldingsChannel.com reports. The fund owned 652 shares of the restaurant operator’s stock after selling 323 shares during the period. Vident Investment Advisory LLC’s holdings in Chipotle Mexican Grill were worth $1,010,000 at the end of the most recent quarter.
A number of other hedge funds also recently made changes to their positions in CMG. Baldrige Asset Management LLC bought a new stake in Chipotle Mexican Grill in the second quarter valued at approximately $31,000. Heritage Wealth Advisors bought a new stake in Chipotle Mexican Grill in the second quarter valued at approximately $31,000. Financial Insights Inc. bought a new stake in Chipotle Mexican Grill in the second quarter valued at approximately $39,000. Wolverine Asset Management LLC bought a new stake in Chipotle Mexican Grill in the first quarter valued at approximately $41,000. Finally, Knuff & Co LLC bought a new stake in Chipotle Mexican Grill in the second quarter valued at approximately $65,000. Institutional investors and hedge funds own 90.32% of the company’s stock.
CMG has been the topic of a number of research analyst reports. Loop Capital initiated coverage on Chipotle Mexican Grill in a report on Tuesday, October 5th. They set a “hold” rating and a $1,800.00 price target on the stock. Morgan Stanley increased their price target on Chipotle Mexican Grill from $1,646.00 to $1,790.00 and gave the stock an “equal weight” rating in a report on Wednesday. Raymond James cut Chipotle Mexican Grill from a “strong-buy” rating to an “outperform” rating and increased their price target for the stock from $1,800.00 to $2,025.00 in a report on Monday, August 16th. Evercore ISI increased their price target on Chipotle Mexican Grill from $1,950.00 to $2,200.00 and gave the stock an “outperform” rating in a report on Wednesday, September 29th. Finally, Stephens increased their price target on Chipotle Mexican Grill from $1,850.00 to $2,000.00 and gave the stock an “overweight” rating in a report on Tuesday, October 5th. Nine equities research analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Chipotle Mexican Grill presently has a consensus rating of “Buy” and an average price target of $1,882.57.
Chipotle Mexican Grill (NYSE:CMG) last released its quarterly earnings results on Monday, July 19th. The restaurant operator reported $7.46 EPS for the quarter, beating analysts’ consensus estimates of $6.52 by $0.94. The business had revenue of $1.89 billion during the quarter, compared to analyst estimates of $1.88 billion. Chipotle Mexican Grill had a return on equity of 28.27% and a net margin of 8.57%. Chipotle Mexican Grill’s quarterly revenue was up 38.7% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.40 EPS. As a group, research analysts anticipate that Chipotle Mexican Grill, Inc. will post 25.48 EPS for the current fiscal year.
In other Chipotle Mexican Grill news, insider Roger E. Theodoredis sold 1,136 shares of the company’s stock in a transaction on Thursday, July 22nd. The stock was sold at an average price of $1,763.48, for a total value of $2,003,313.28. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Jack Hartung sold 12,023 shares of the company’s stock in a transaction on Friday, August 27th. The shares were sold at an average price of $1,920.83, for a total value of $23,094,139.09. The disclosure for this sale can be found here. Insiders sold a total of 31,003 shares of company stock valued at $57,382,197 over the last three months. 1.00% of the stock is currently owned by insiders.
Chipotle Mexican Grill Company Profile
Chipotle Mexican Grill, Inc engages in the development and operation of classically-cooked, real food with wholesome ingredients without artificial colors, flavors or preservatives. It offers focused menu of burritos, tacos, burrito bowls, and salads prepared using classic cooking methods. The company was founded by Steve Ells in 1993 and is headquartered in Newport Beach, CA.
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