Amalgamated Bank Sells 10,646 Shares of Chipotle Mexican Grill, Inc. $CMG

Amalgamated Bank trimmed its holdings in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) by 3.5% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 293,923 shares of the restaurant operator’s stock after selling 10,646 shares during the quarter. Amalgamated Bank’s holdings in Chipotle Mexican Grill were worth $16,504,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the business. Nuveen LLC purchased a new stake in Chipotle Mexican Grill during the first quarter valued at approximately $535,023,000. Goldman Sachs Group Inc. boosted its holdings in shares of Chipotle Mexican Grill by 98.1% in the 1st quarter. Goldman Sachs Group Inc. now owns 9,900,521 shares of the restaurant operator’s stock worth $497,105,000 after purchasing an additional 4,903,969 shares during the period. Montrusco Bolton Investments Inc. increased its position in shares of Chipotle Mexican Grill by 5,319.7% during the 1st quarter. Montrusco Bolton Investments Inc. now owns 4,848,990 shares of the restaurant operator’s stock valued at $235,580,000 after purchasing an additional 4,759,520 shares during the last quarter. Price T Rowe Associates Inc. MD increased its position in shares of Chipotle Mexican Grill by 7.6% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 56,827,332 shares of the restaurant operator’s stock valued at $2,853,302,000 after purchasing an additional 4,027,016 shares during the last quarter. Finally, Alliancebernstein L.P. raised its holdings in Chipotle Mexican Grill by 8.0% during the 1st quarter. Alliancebernstein L.P. now owns 32,505,318 shares of the restaurant operator’s stock valued at $1,632,092,000 after buying an additional 2,404,798 shares during the period. Institutional investors own 91.30% of the company’s stock.

Chipotle Mexican Grill Price Performance

Chipotle Mexican Grill stock opened at $32.61 on Friday. The stock has a market cap of $43.73 billion, a price-to-earnings ratio of 28.86, a price-to-earnings-growth ratio of 2.65 and a beta of 0.99. The firm has a 50-day moving average of $40.60 and a two-hundred day moving average of $46.79. Chipotle Mexican Grill, Inc. has a 1 year low of $31.01 and a 1 year high of $66.74.

Chipotle Mexican Grill (NYSE:CMG) last posted its quarterly earnings results on Wednesday, October 29th. The restaurant operator reported $0.29 earnings per share for the quarter, meeting the consensus estimate of $0.29. Chipotle Mexican Grill had a net margin of 13.04% and a return on equity of 44.32%. The firm had revenue of $3 billion during the quarter, compared to the consensus estimate of $3.06 billion. During the same quarter in the previous year, the firm posted $0.27 earnings per share. The company’s revenue was up 7.5% on a year-over-year basis. Research analysts expect that Chipotle Mexican Grill, Inc. will post 1.29 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research firms have commented on CMG. TD Cowen dropped their price objective on shares of Chipotle Mexican Grill from $45.00 to $40.00 and set a “buy” rating for the company in a research note on Thursday. Royal Bank Of Canada dropped their price target on shares of Chipotle Mexican Grill from $58.00 to $40.00 and set an “outperform” rating for the company in a research note on Thursday. Guggenheim reduced their price objective on shares of Chipotle Mexican Grill from $47.00 to $46.00 and set a “neutral” rating on the stock in a research report on Friday, July 25th. UBS Group reissued a “buy” rating and issued a $56.00 price objective (down previously from $65.00) on shares of Chipotle Mexican Grill in a research note on Monday, October 20th. Finally, Morgan Stanley cut their target price on Chipotle Mexican Grill from $59.00 to $50.00 and set an “overweight” rating on the stock in a research note on Thursday. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating and ten have given a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $50.97.

Chipotle Mexican Grill Profile

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.