Orange Investment Advisors Inc. Trims Position in Chipotle Mexican Grill, Inc. $CMG

Orange Investment Advisors Inc. lowered its holdings in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) by 21.3% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 141,260 shares of the restaurant operator’s stock after selling 38,211 shares during the quarter. Orange Investment Advisors Inc.’s holdings in Chipotle Mexican Grill were worth $4,522,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently bought and sold shares of CMG. Wealth Watch Advisors INC purchased a new stake in Chipotle Mexican Grill in the third quarter worth about $25,000. Financial Life Planners bought a new stake in shares of Chipotle Mexican Grill during the third quarter valued at approximately $25,000. MV Capital Management Inc. bought a new stake in Chipotle Mexican Grill in the 4th quarter valued at $26,000. Osbon Capital Management LLC bought a new stake in shares of Chipotle Mexican Grill in the fourth quarter worth about $28,000. Finally, Winthrop Capital Management LLC bought a new stake in shares of Chipotle Mexican Grill in the third quarter worth about $31,000. 91.30% of the stock is owned by institutional investors.

Chipotle Mexican Grill Trading Up 0.1%

NYSE:CMG opened at $33.37 on Monday. The company’s 50 day moving average is $32.37 and its two-hundred day moving average is $35.09. Chipotle Mexican Grill, Inc. has a twelve month low of $28.03 and a twelve month high of $58.42. The company has a market cap of $42.80 billion, a PE ratio of 30.61, a P/E/G ratio of 2.15 and a beta of 0.99.

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

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on the company. Barclays decreased their price objective on Chipotle Mexican Grill from $40.00 to $38.00 and set an “equal weight” rating on the stock in a report on Thursday, April 30th. Zacks Research raised shares of Chipotle Mexican Grill from a “strong sell” rating to a “hold” rating in a research report on Friday, April 17th. Citigroup lifted their target price on Chipotle Mexican Grill from $44.00 to $46.00 and gave the stock a “buy” rating in a research report on Thursday, April 30th. Stephens lifted their price target on shares of Chipotle Mexican Grill from $38.00 to $39.00 and gave the company an “equal weight” rating in a research note on Thursday, April 30th. Finally, Mizuho upgraded Chipotle Mexican Grill from a “neutral” rating to an “outperform” rating and lifted their price objective for the company from $37.00 to $40.00 in a report on Friday, March 20th. Twenty-three research analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $45.10.

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.