Chipotle Mexican Grill, Inc. $CMG Shares Sold by Franklin Resources Inc.

Franklin Resources Inc. cut its holdings in Chipotle Mexican Grill, Inc. (NYSE:CMG) by 3.3% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 13,009,786 shares of the restaurant operator’s stock after selling 445,484 shares during the quarter. Franklin Resources Inc.’s holdings in Chipotle Mexican Grill were worth $730,499,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in CMG. Saudi Central Bank acquired a new stake in Chipotle Mexican Grill in the 1st quarter valued at $27,000. 1248 Management LLC purchased a new position in Chipotle Mexican Grill during the first quarter valued at $27,000. Signature Resources Capital Management LLC purchased a new position in Chipotle Mexican Grill during the second quarter valued at $28,000. Oliver Lagore Vanvalin Investment Group acquired a new stake in shares of Chipotle Mexican Grill in the second quarter valued at about $29,000. Finally, Activest Wealth Management increased its stake in shares of Chipotle Mexican Grill by 109.3% during the second quarter. Activest Wealth Management now owns 517 shares of the restaurant operator’s stock worth $29,000 after purchasing an additional 270 shares in the last quarter. Hedge funds and other institutional investors own 91.30% of the company’s stock.

Chipotle Mexican Grill Price Performance

Chipotle Mexican Grill stock opened at $31.60 on Friday. The stock has a market cap of $41.78 billion, a price-to-earnings ratio of 27.96, a price-to-earnings-growth ratio of 2.65 and a beta of 0.98. Chipotle Mexican Grill, Inc. has a 1-year low of $29.75 and a 1-year high of $66.74. The firm has a 50 day simple moving average of $37.35 and a 200-day simple moving average of $44.75.

Chipotle Mexican Grill (NYSE:CMG) last posted its 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 last year, the firm earned $0.27 EPS. The firm’s revenue for the quarter was up 7.5% on a year-over-year basis. Equities analysts expect that Chipotle Mexican Grill, Inc. will post 1.29 earnings per share for the current fiscal year.

Analyst Ratings Changes

CMG has been the subject of several research analyst reports. Robert W. Baird reduced their price target on shares of Chipotle Mexican Grill from $59.00 to $49.00 and set an “outperform” rating for the company in a research report on Friday, October 10th. Jefferies Financial Group reduced their target price on Chipotle Mexican Grill from $48.00 to $44.00 and set a “hold” rating for the company in a report on Monday, October 13th. Sanford C. Bernstein restated an “outperform” rating and issued a $40.00 target price (down previously from $60.00) on shares of Chipotle Mexican Grill in a research report on Thursday, October 30th. Rothschild & Co Redburn upgraded Chipotle Mexican Grill from a “neutral” rating to a “buy” rating and set a $55.00 price target for the company in a research report on Wednesday, September 3rd. Finally, Morgan Stanley reduced their price objective on Chipotle Mexican Grill from $59.00 to $50.00 and set an “overweight” rating for the company in a research note on Thursday, October 30th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating, eleven have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Chipotle Mexican Grill currently has an average rating of “Moderate Buy” and an average target price of $49.81.

Chipotle Mexican Grill Company 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.