Epoch Investment Partners Inc. Sells 279,703 Shares of Chipotle Mexican Grill, Inc. $CMG

Epoch Investment Partners Inc. decreased its stake in Chipotle Mexican Grill, Inc. (NYSE:CMG) by 9.6% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,622,106 shares of the restaurant operator’s stock after selling 279,703 shares during the period. Epoch Investment Partners Inc.’s holdings in Chipotle Mexican Grill were worth $83,934,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. lifted its stake in shares of Chipotle Mexican Grill by 14.8% in the fourth quarter. Vanguard Group Inc. now owns 144,588,220 shares of the restaurant operator’s stock worth $5,349,764,000 after acquiring an additional 18,660,882 shares during the period. Capital World Investors increased its position in Chipotle Mexican Grill by 15.8% during the 4th quarter. Capital World Investors now owns 101,688,010 shares of the restaurant operator’s stock valued at $3,762,457,000 after purchasing an additional 13,843,222 shares during the period. Price T Rowe Associates Inc. MD increased its position in Chipotle Mexican Grill by 18.8% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 58,447,867 shares of the restaurant operator’s stock valued at $2,162,572,000 after purchasing an additional 9,237,720 shares during the period. Capital International Investors raised its holdings in Chipotle Mexican Grill by 17.7% during the 4th quarter. Capital International Investors now owns 45,294,212 shares of the restaurant operator’s stock worth $1,675,895,000 after purchasing an additional 6,796,285 shares during the last quarter. Finally, Norges Bank bought a new position in Chipotle Mexican Grill during the 4th quarter worth approximately $711,837,000. 91.30% of the stock is currently owned by institutional investors.

Chipotle Mexican Grill Stock Performance

Chipotle Mexican Grill stock opened at $31.79 on Friday. The stock has a market capitalization of $40.78 billion, a price-to-earnings ratio of 29.17, a PEG ratio of 2.09 and a beta of 0.97. Chipotle Mexican Grill, Inc. has a 52-week low of $28.03 and a 52-week high of $47.18. The stock’s 50 day moving average price is $32.62 and its two-hundred day moving average price is $34.74.

Chipotle Mexican Grill (NYSE:CMG) last issued its earnings results on Wednesday, April 29th. The restaurant operator reported $0.24 EPS for the quarter, meeting the consensus estimate 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 the consensus estimate of $3.07 billion. During the same period last year, the business posted $0.29 EPS. The firm’s revenue for the quarter was up 7.4% compared to the same quarter last year. On average, equities research analysts forecast that Chipotle Mexican Grill, Inc. will post 1.13 EPS for the current year.

Analyst Ratings Changes

A number of brokerages have recently issued reports on CMG. Guggenheim reduced their price objective on shares of Chipotle Mexican Grill from $36.00 to $35.00 and set a “neutral” rating on the stock in a research note on Friday, May 1st. Citigroup lowered their target price on shares of Chipotle Mexican Grill from $46.00 to $45.00 and set a “buy” rating for the company in a research note on Monday, July 13th. JPMorgan Chase & Co. upgraded shares of Chipotle Mexican Grill from a “neutral” rating to an “overweight” rating and dropped their target price for the company from $38.00 to $35.00 in a report on Friday, June 5th. BTIG Research reaffirmed a “buy” rating and set a $45.00 price target on shares of Chipotle Mexican Grill in a research report on Thursday, April 30th. Finally, Stephens increased their price target on Chipotle Mexican Grill from $38.00 to $39.00 and gave the stock an “equal weight” rating in a report on Thursday, April 30th. Twenty-three research analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $43.86.

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.