Neuburgh Advisers LLC reduced its stake in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) by 64.7% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,224 shares of the restaurant operator’s stock after selling 2,244 shares during the period. Neuburgh Advisers LLC’s holdings in Chipotle Mexican Grill were worth $897,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of CMG. Renaissance Technologies LLC increased its holdings in shares of Chipotle Mexican Grill by 22.7% during the 2nd quarter. Renaissance Technologies LLC now owns 1,791,499 shares of the restaurant operator’s stock valued at $1,312,954,000 after acquiring an additional 331,100 shares during the last quarter. FMR LLC boosted its holdings in shares of Chipotle Mexican Grill by 88.7% during the 1st quarter. FMR LLC now owns 1,143,585 shares of the restaurant operator’s stock worth $812,301,000 after buying an additional 537,677 shares during the period. Jennison Associates LLC grew its stake in Chipotle Mexican Grill by 7.6% in the 2nd quarter. Jennison Associates LLC now owns 927,804 shares of the restaurant operator’s stock valued at $679,969,000 after buying an additional 65,485 shares during the last quarter. Geode Capital Management LLC grew its stake in Chipotle Mexican Grill by 9.6% in the 4th quarter. Geode Capital Management LLC now owns 309,980 shares of the restaurant operator’s stock valued at $133,605,000 after buying an additional 27,247 shares during the last quarter. Finally, Wells Fargo & Company MN raised its holdings in Chipotle Mexican Grill by 6.4% in the 2nd quarter. Wells Fargo & Company MN now owns 247,933 shares of the restaurant operator’s stock worth $181,706,000 after acquiring an additional 14,817 shares during the period. Institutional investors own 92.04% of the company’s stock.

Chipotle Mexican Grill stock traded up $13.54 on Wednesday, hitting $801.52. The company’s stock had a trading volume of 397,848 shares, compared to its average volume of 331,485. The firm has a market cap of $23.28 billion, a P/E ratio of 88.47, a price-to-earnings-growth ratio of 3.35 and a beta of 0.71. The company has a quick ratio of 1.48, a current ratio of 1.52 and a debt-to-equity ratio of 1.65. The company has a fifty day moving average price of $811.02 and a 200-day moving average price of $723.40. Chipotle Mexican Grill, Inc. has a one year low of $383.20 and a one year high of $857.90.

Chipotle Mexican Grill (NYSE:CMG) last released its quarterly earnings data on Tuesday, July 23rd. The restaurant operator reported $3.99 EPS for the quarter, topping analysts’ consensus estimates of $3.68 by $0.31. Chipotle Mexican Grill had a net margin of 4.80% and a return on equity of 21.50%. The company had revenue of $1.43 billion during the quarter, compared to the consensus estimate of $1.41 billion. During the same period last year, the firm earned $2.87 EPS. The firm’s revenue for the quarter was up 13.2% compared to the same quarter last year. Analysts anticipate that Chipotle Mexican Grill, Inc. will post 13.36 EPS for the current year.

A number of research analysts have weighed in on CMG shares. JPMorgan Chase & Co. boosted their target price on shares of Chipotle Mexican Grill from $650.00 to $705.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 24th. Goldman Sachs Group set a $1,000.00 price target on Chipotle Mexican Grill and gave the company a “buy” rating in a research report on Friday, August 30th. Citigroup lifted their price objective on Chipotle Mexican Grill from $695.00 to $797.00 and gave the stock a “buy” rating in a research note on Thursday, June 6th. Northcoast Research began coverage on Chipotle Mexican Grill in a research report on Friday, July 19th. They set a “sell” rating and a $400.00 price objective for the company. Finally, Telsey Advisory Group restated a “market perform” rating and set a $750.00 target price (up previously from $700.00) on shares of Chipotle Mexican Grill in a research note on Wednesday, July 24th. Seven research analysts have rated the stock with a sell rating, twelve have issued a hold rating and sixteen have given a buy rating to the company. Chipotle Mexican Grill currently has a consensus rating of “Hold” and an average price target of $709.58.

In other Chipotle Mexican Grill news, insider Scott Boatwright sold 1,805 shares of Chipotle Mexican Grill stock in a transaction that occurred on Thursday, June 13th. The stock was sold at an average price of $740.22, for a total transaction of $1,336,097.10. Following the sale, the insider now directly owns 8,869 shares of the company’s stock, valued at $6,565,011.18. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CTO Curtis E. Garner sold 1,253 shares of the company’s stock in a transaction that occurred on Wednesday, September 4th. The shares were sold at an average price of $835.92, for a total value of $1,047,407.76. Following the completion of the sale, the chief technology officer now owns 7,280 shares in the company, valued at $6,085,497.60. The disclosure for this sale can be found here. Insiders sold 159,700 shares of company stock valued at $122,057,489 in the last three months. Company insiders own 2.21% of the company’s stock.

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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