Mizuho Securities USA LLC Has $5.45 Million Holdings in Chipotle Mexican Grill, Inc. (NYSE:CMG)

Mizuho Securities USA LLC cut its holdings in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) by 16.0% in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 108,522 shares of the restaurant operator’s stock after selling 20,621 shares during the quarter. Mizuho Securities USA LLC’s holdings in Chipotle Mexican Grill were worth $5,449,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Revolve Wealth Partners LLC lifted its holdings in shares of Chipotle Mexican Grill by 4.7% during the 4th quarter. Revolve Wealth Partners LLC now owns 4,804 shares of the restaurant operator’s stock valued at $290,000 after buying an additional 214 shares during the last quarter. Bank Pictet & Cie Europe AG lifted its holdings in shares of Chipotle Mexican Grill by 22.5% during the 4th quarter. Bank Pictet & Cie Europe AG now owns 1,518,593 shares of the restaurant operator’s stock valued at $91,571,000 after buying an additional 279,267 shares during the last quarter. Advisory Services Network LLC lifted its holdings in shares of Chipotle Mexican Grill by 49.3% during the 4th quarter. Advisory Services Network LLC now owns 36,043 shares of the restaurant operator’s stock valued at $2,173,000 after buying an additional 11,902 shares during the last quarter. Scotia Capital Inc. lifted its holdings in shares of Chipotle Mexican Grill by 1.8% during the 4th quarter. Scotia Capital Inc. now owns 40,166 shares of the restaurant operator’s stock valued at $2,422,000 after buying an additional 700 shares during the last quarter. Finally, Argent Trust Co lifted its holdings in shares of Chipotle Mexican Grill by 7.5% during the 4th quarter. Argent Trust Co now owns 14,400 shares of the restaurant operator’s stock valued at $868,000 after buying an additional 1,000 shares during the last quarter. 91.31% of the stock is currently owned by institutional investors and hedge funds.

Chipotle Mexican Grill Price Performance

Shares of NYSE:CMG opened at $41.47 on Friday. The business’s fifty day moving average price is $51.21 and its two-hundred day moving average price is $51.62. Chipotle Mexican Grill, Inc. has a fifty-two week low of $41.43 and a fifty-two week high of $66.74. The stock has a market capitalization of $55.61 billion, a price-to-earnings ratio of 37.03, a price-to-earnings-growth ratio of 2.11 and a beta of 1.05.

Chipotle Mexican Grill (NYSE:CMG) last posted its quarterly earnings data on Wednesday, July 23rd. The restaurant operator reported $0.33 EPS for the quarter, topping analysts’ consensus estimates of $0.32 by $0.01. The company had revenue of $3.06 billion for the quarter, compared to analyst estimates of $3.11 billion. Chipotle Mexican Grill had a return on equity of 43.50% and a net margin of 13.32%. The business’s revenue was up 3.0% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.34 earnings per share. Research analysts expect that Chipotle Mexican Grill, Inc. will post 1.29 EPS for the current fiscal year.

Analyst Ratings Changes

CMG has been the subject of several analyst reports. JPMorgan Chase & Co. reduced their target price on Chipotle Mexican Grill from $58.00 to $54.00 and set a “neutral” rating for the company in a report on Thursday, May 29th. Barclays reduced their target price on Chipotle Mexican Grill from $55.00 to $53.00 and set an “equal weight” rating for the company in a report on Thursday, July 24th. Redburn Atlantic started coverage on Chipotle Mexican Grill in a report on Tuesday, June 10th. They set a “neutral” rating and a $55.00 price target for the company. Robert W. Baird cut their price target on Chipotle Mexican Grill from $62.00 to $59.00 and set an “outperform” rating for the company in a report on Thursday, July 24th. Finally, Truist Financial cut their price target on Chipotle Mexican Grill from $64.00 to $60.00 and set a “buy” rating for the company in a report on Friday, July 25th. Nine equities research analysts have rated the stock with a hold rating, nineteen have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Chipotle Mexican Grill currently has an average rating of “Moderate Buy” and an average target price of $60.71.

Insider Buying and Selling

In other Chipotle Mexican Grill news, insider Roger E. Theodoredis sold 113,875 shares of the business’s stock in a transaction on Monday, June 2nd. The stock was sold at an average price of $49.70, for a total value of $5,659,587.50. Following the transaction, the insider owned 109,815 shares of the company’s stock, valued at approximately $5,457,805.50. The trade was a 50.91% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 0.81% of the company’s stock.

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.