Sienna Gestion Lowers Stake in Chipotle Mexican Grill, Inc. $CMG

Sienna Gestion reduced its stake in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) by 17.5% in the third quarter, according to its most recent filing with the SEC. The fund owned 119,032 shares of the restaurant operator’s stock after selling 25,201 shares during the period. Sienna Gestion’s holdings in Chipotle Mexican Grill were worth $4,253,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Norges Bank purchased a new stake in Chipotle Mexican Grill during the second quarter valued at about $1,001,668,000. Sustainable Growth Advisers LP purchased a new position in shares of Chipotle Mexican Grill in the 2nd quarter worth about $597,031,000. BlueSpruce Investments LP increased its position in shares of Chipotle Mexican Grill by 24,760.7% during the 2nd quarter. BlueSpruce Investments LP now owns 3,930,732 shares of the restaurant operator’s stock valued at $220,711,000 after purchasing an additional 3,914,921 shares during the last quarter. Vanguard Group Inc. raised its holdings in shares of Chipotle Mexican Grill by 2.0% during the 3rd quarter. Vanguard Group Inc. now owns 125,927,338 shares of the restaurant operator’s stock valued at $4,935,092,000 after buying an additional 2,470,213 shares in the last quarter. Finally, Marshall Wace LLP raised its holdings in shares of Chipotle Mexican Grill by 2,705.6% during the 2nd quarter. Marshall Wace LLP now owns 2,126,682 shares of the restaurant operator’s stock valued at $119,413,000 after buying an additional 2,050,882 shares in the last quarter. 91.30% of the stock is currently owned by hedge funds and other institutional investors.

Chipotle Mexican Grill Stock Down 4.4%

Shares of Chipotle Mexican Grill stock opened at $35.42 on Monday. The company’s fifty day simple moving average is $38.37 and its two-hundred day simple moving average is $37.82. Chipotle Mexican Grill, Inc. has a 12-month low of $29.75 and a 12-month high of $58.42. The firm has a market cap of $46.13 billion, a PE ratio of 31.07, a price-to-earnings-growth ratio of 2.18 and a beta of 1.00.

Chipotle Mexican Grill (NYSE:CMG) last issued its quarterly earnings data on Tuesday, February 3rd. The restaurant operator reported $0.25 EPS for the quarter, beating the consensus estimate of $0.24 by $0.01. Chipotle Mexican Grill had a net margin of 12.88% and a return on equity of 47.99%. The firm had revenue of $2.98 billion during the quarter, compared to the consensus estimate of $2.96 billion. During the same period in the prior year, the firm posted $0.25 earnings per share. The company’s quarterly revenue was up 4.9% compared to the same quarter last year. As a group, sell-side analysts expect that Chipotle Mexican Grill, Inc. will post 1.29 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of brokerages have recently weighed in on CMG. Argus restated a “hold” rating on shares of Chipotle Mexican Grill in a report on Thursday, February 5th. Piper Sandler reduced their target price on shares of Chipotle Mexican Grill from $47.00 to $44.00 and set an “overweight” rating on the stock in a report on Wednesday, February 4th. Wells Fargo & Company decreased their target price on shares of Chipotle Mexican Grill from $50.00 to $45.00 and set an “overweight” rating on the stock in a research report on Wednesday, February 4th. Gordon Haskett downgraded shares of Chipotle Mexican Grill from a “strong-buy” rating to a “hold” rating in a research note on Thursday, January 8th. Finally, Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a $48.00 price target on shares of Chipotle Mexican Grill in a research report on Wednesday, February 4th. Twenty-three equities research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, Chipotle Mexican Grill currently has a consensus rating of “Moderate Buy” and an average price target of $47.37.

Chipotle Mexican Grill Company Profile

Chipotle Mexican Grill is a fast-casual restaurant company known for its Mexican-inspired menu of burritos, bowls, tacos and salads. Founded in 1993 by Steve Ells, the chain emphasizes fresh, customizable meals made from a limited menu of core ingredients and a focus on ingredient quality. Chipotle operates primarily company-owned restaurants and offers dine-in, takeout, catering and delivery through its own digital platforms and third-party partners.

The company is headquartered in Newport Beach, California, and traces its roots to Denver, Colorado.