Chipotle Mexican Grill, Inc. $CMG Shares Sold by One Way Holdings LLC

One Way Holdings LLC decreased its holdings in Chipotle Mexican Grill, Inc. (NYSE:CMG) by 81.3% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 115,263 shares of the restaurant operator’s stock after selling 499,619 shares during the quarter. One Way Holdings LLC’s holdings in Chipotle Mexican Grill were worth $3,683,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of CMG. Osbon Capital Management LLC acquired a new stake in shares of Chipotle Mexican Grill in the second quarter worth $26,000. Meeder Asset Management Inc. purchased a new stake in Chipotle Mexican Grill during the 2nd quarter worth $27,000. Kelleher Financial Advisors purchased a new stake in Chipotle Mexican Grill during the 2nd quarter worth $28,000. Bell Investment Advisors Inc acquired a new stake in Chipotle Mexican Grill in the 2nd quarter valued at $32,000. Finally, Rule One Partners LLC acquired a new stake in Chipotle Mexican Grill in the 1st quarter valued at $32,000. 91.30% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research analysts have commented on the company. Telsey Advisory Group set a $40.00 price objective on Chipotle Mexican Grill in a research report on Thursday. Wells Fargo & Company decreased their target price on Chipotle Mexican Grill from $45.00 to $40.00 and set an “overweight” rating for the company in a research report on Wednesday, October 21st. Morgan Stanley increased their target price on Chipotle Mexican Grill from $39.00 to $40.00 and gave the company an “equal weight” rating in a research note on Thursday, October 15th. Evercore reiterated an “outperform” rating and set a $47.00 target price (up from $45.00) on shares of Chipotle Mexican Grill in a report on Thursday, July 30th. Finally, Deutsche Bank Aktiengesellschaft reduced their price target on Chipotle Mexican Grill from $51.00 to $45.00 and set a “buy” rating on the stock in a research report on Wednesday, October 21st. Twenty-seven equities research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $42.36.

Chipotle Mexican Grill Stock Performance

Shares of CMG opened at $31.89 on Monday. The company has a market capitalization of $40.34 billion, a P/E ratio of 29.80, a P/E/G ratio of 2.09 and a beta of 1.00. Chipotle Mexican Grill, Inc. has a one year low of $27.31 and a one year high of $41.42. The stock has a 50-day moving average price of $33.07 and a 200 day moving average price of $34.12.

Chipotle Mexican Grill (NYSE:CMG) last announced its quarterly earnings data on Wednesday, October 28th. The restaurant operator reported $0.27 earnings per share for the quarter, missing the consensus estimate of $0.29 by ($0.02). Chipotle Mexican Grill had a return on equity of 57.05% and a net margin of 10.83%. The company had revenue of $3.29 billion for the quarter, compared to analyst estimates of $3.29 billion. During the same period in the prior year, the business earned $0.29 earnings per share. Chipotle Mexican Grill’s revenue was up 9.6% on a year-over-year basis. As a group, equities research analysts forecast that Chipotle Mexican Grill, Inc. will post 1.10 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Chipotle Mexican Grill news, insider Matthew R. Bush sold 2,675 shares of the company’s stock in a transaction that occurred on Friday, August 21st. The stock was sold at an average price of $35.75, for a total transaction of $95,631.25. Following the sale, the insider owned 21,415 shares in the company, valued at $765,586.25. This represents a 11.10% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Company insiders own 0.45% of the company’s stock.

About Chipotle Mexican Grill

Chipotle Mexican Grill, Inc (NYSE: CMG) operates a chain of fast-casual restaurants focused on Mexican-inspired food. Its menu includes burritos, burrito bowls, tacos, quesadillas and salads, with options such as chicken, steak, barbacoa, carnitas, sofritas and vegetables. The company emphasizes preparing food in its restaurants from ingredients it describes as responsibly sourced, including meats raised with attention to animal welfare and produce from selected suppliers.

Founded by Steve Ells in 1993, Chipotle opened its first restaurant in Denver, Colorado.