Sustainable Growth Advisers LP Trims Position in Chipotle Mexican Grill, Inc. $CMG

Sustainable Growth Advisers LP cut its holdings in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) by 22.6% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 9,677,524 shares of the restaurant operator’s stock after selling 2,818,114 shares during the quarter. Chipotle Mexican Grill accounts for about 2.5% of Sustainable Growth Advisers LP’s portfolio, making the stock its 17th largest holding. Sustainable Growth Advisers LP’s holdings in Chipotle Mexican Grill were worth $358,068,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of CMG. Financial Life Planners purchased a new position in Chipotle Mexican Grill during the 3rd quarter worth approximately $25,000. Wealth Watch Advisors INC purchased a new position in Chipotle Mexican Grill during the 3rd quarter worth approximately $25,000. Murphy & Mullick Capital Management Corp raised its position in Chipotle Mexican Grill by 106.7% during the 3rd quarter. Murphy & Mullick Capital Management Corp now owns 775 shares of the restaurant operator’s stock worth $30,000 after buying an additional 400 shares during the last quarter. Winthrop Capital Management LLC purchased a new position in Chipotle Mexican Grill during the 3rd quarter worth approximately $31,000. Finally, Ameriflex Group Inc. raised its position in Chipotle Mexican Grill by 109.4% during the 3rd quarter. Ameriflex Group Inc. now owns 890 shares of the restaurant operator’s stock worth $35,000 after buying an additional 465 shares during the last quarter. 91.30% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research firms have issued reports on CMG. Barclays reduced their price target on shares of Chipotle Mexican Grill from $40.00 to $38.00 and set an “equal weight” rating for the company in a research report on Thursday, April 30th. Weiss Ratings lowered shares of Chipotle Mexican Grill from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Wednesday, May 20th. TD Cowen reissued a “buy” rating and set a $44.00 price target on shares of Chipotle Mexican Grill in a research report on Thursday, April 30th. Piper Sandler reduced their price target on shares of Chipotle Mexican Grill from $44.00 to $42.00 and set an “overweight” rating for the company in a research report on Thursday, April 30th. Finally, Stephens lifted their target price on shares of Chipotle Mexican Grill from $38.00 to $39.00 and gave the company an “equal weight” rating in a report on Thursday, April 30th. Twenty-four investment analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $46.03.

Chipotle Mexican Grill Price Performance

NYSE:CMG opened at $30.54 on Tuesday. The firm has a market cap of $39.17 billion, a price-to-earnings ratio of 28.01, a price-to-earnings-growth ratio of 2.05 and a beta of 0.99. The company has a 50 day moving average price of $33.19 and a 200-day moving average price of $35.29. Chipotle Mexican Grill, Inc. has a 1-year low of $29.75 and a 1-year high of $58.42.

Chipotle Mexican Grill (NYSE:CMG) last issued its quarterly earnings results on Wednesday, April 29th. The restaurant operator reported $0.24 EPS for the quarter, hitting the consensus estimate of $0.24. The company had revenue of $3.09 billion during the quarter, compared to analyst estimates of $3.07 billion. Chipotle Mexican Grill had a net margin of 11.96% and a return on equity of 49.64%. The firm’s revenue was up 7.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.29 EPS. On average, sell-side analysts anticipate that Chipotle Mexican Grill, Inc. will post 1.13 earnings per share for the current fiscal year.

About Chipotle Mexican Grill

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.