UBS Asset Management Americas Inc. cut its position in Chipotle Mexican Grill Inc. (NYSE:CMG) by 6.9% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 200,975 shares of the company’s stock after selling 14,960 shares during the period. UBS Asset Management Americas Inc. owned 0.69% of Chipotle Mexican Grill worth $85,114,000 as of its most recent filing with the SEC.

Several other hedge funds have also bought and sold shares of the company. WFG Advisors LP raised its stake in Chipotle Mexican Grill by 7.2% in the second quarter. WFG Advisors LP now owns 298 shares of the company’s stock worth $120,000 after buying an additional 20 shares during the last quarter. Van ECK Associates Corp raised its stake in Chipotle Mexican Grill by 21.4% in the second quarter. Van ECK Associates Corp now owns 301 shares of the company’s stock worth $121,000 after buying an additional 53 shares during the last quarter. Global X Management Co. LLC raised its stake in Chipotle Mexican Grill by 473.7% in the second quarter. Global X Management Co. LLC now owns 327 shares of the company’s stock worth $132,000 after buying an additional 270 shares during the last quarter. Cribstone Capital Management LLC acquired a new stake in Chipotle Mexican Grill during the second quarter worth approximately $145,000. Finally, Cornerstone Advisors Inc. raised its stake in Chipotle Mexican Grill by 122.3% in the third quarter. Cornerstone Advisors Inc. now owns 389 shares of the company’s stock worth $165,000 after buying an additional 214 shares during the last quarter. 99.89% of the stock is owned by institutional investors and hedge funds.

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

Chipotle Mexican Grill Inc. (NYSE:CMG) opened at 399.39 on Tuesday. The firm has a market capitalization of $11.56 billion, a P/E ratio of 161.30 and a beta of 0.60. Chipotle Mexican Grill Inc. has a 12 month low of $352.96 and a 12 month high of $589.15. The stock’s 50 day moving average price is $395.85 and its 200-day moving average price is $410.94.

Chipotle Mexican Grill (NYSE:CMG) last released its quarterly earnings data on Tuesday, October 25th. The company reported $0.27 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.59 by $1.32. Chipotle Mexican Grill had a net margin of 1.94% and a return on equity of 5.46%. The company had revenue of $1.04 billion for the quarter, compared to the consensus estimate of $13.71 million. During the same quarter in the previous year, the firm posted $4.59 earnings per share. The business’s revenue for the quarter was down 14.8% compared to the same quarter last year. Equities analysts forecast that Chipotle Mexican Grill Inc. will post $1.58 earnings per share for the current year.

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A number of research firms have commented on CMG. Wells Fargo & Co. reissued an “outperform” rating and issued a $450.00 target price (down previously from $510.00) on shares of Chipotle Mexican Grill in a report on Friday, October 21st. Vetr upgraded Chipotle Mexican Grill from a “hold” rating to a “buy” rating and set a $387.77 price target on the stock in a research note on Wednesday, October 26th. Goldman Sachs Group Inc. restated a “neutral” rating and issued a $490.00 price target (up from $445.00) on shares of Chipotle Mexican Grill in a research note on Thursday, October 27th. Wedbush restated an “underperform” rating and issued a $370.00 price target on shares of Chipotle Mexican Grill in a research note on Wednesday, October 26th. Finally, BTIG Research restated a “neutral” rating on shares of Chipotle Mexican Grill in a research note on Wednesday, October 26th. Nine analysts have rated the stock with a sell rating, nineteen have issued a hold rating and twelve have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $448.86.

About Chipotle Mexican Grill

Chipotle Mexican Grill, Inc, together with its subsidiaries operates Chipotle Mexican Grill restaurants. The Company’s Chipotle Mexican Grill restaurants serve a menu of burritos, tacos, burrito bowls (a burrito without the tortilla) and salads. The Company operates approximately 1,970 Chipotle restaurants throughout the United States, over 10 in Canada, seven in England, four in France and one in Germany.

5 Day Chart for NYSE:CMG

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