Chipotle Mexican Grill, Inc. (NYSE:CMG) Position Trimmed by Gateway Investment Advisers LLC

Gateway Investment Advisers LLC decreased its holdings in Chipotle Mexican Grill, Inc. (NYSE:CMG) by 6.6% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 988 shares of the restaurant operator’s stock after selling 70 shares during the quarter. Gateway Investment Advisers LLC’s holdings in Chipotle Mexican Grill were worth $702,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. First Hawaiian Bank raised its position in shares of Chipotle Mexican Grill by 4.5% during the fourth quarter. First Hawaiian Bank now owns 465 shares of the restaurant operator’s stock valued at $201,000 after buying an additional 20 shares during the last quarter. Bessemer Group Inc. increased its position in Chipotle Mexican Grill by 4.9% in the fourth quarter. Bessemer Group Inc. now owns 447 shares of the restaurant operator’s stock worth $193,000 after purchasing an additional 21 shares during the last quarter. Huntington National Bank increased its position in Chipotle Mexican Grill by 19.9% in the fourth quarter. Huntington National Bank now owns 169 shares of the restaurant operator’s stock worth $73,000 after purchasing an additional 28 shares during the last quarter. Emerald Advisers LLC increased its position in Chipotle Mexican Grill by 1.7% in the fourth quarter. Emerald Advisers LLC now owns 2,454 shares of the restaurant operator’s stock worth $1,060,000 after purchasing an additional 40 shares during the last quarter. Finally, State of Alaska Department of Revenue increased its position in Chipotle Mexican Grill by 0.7% in the fourth quarter. State of Alaska Department of Revenue now owns 6,270 shares of the restaurant operator’s stock worth $2,705,000 after purchasing an additional 42 shares during the last quarter. 93.08% of the stock is currently owned by institutional investors.

NYSE:CMG traded up $0.31 during midday trading on Friday, hitting $705.44. The company’s stock had a trading volume of 520,264 shares, compared to its average volume of 689,435. Chipotle Mexican Grill, Inc. has a fifty-two week low of $383.20 and a fifty-two week high of $721.42. The company has a market cap of $19.47 billion, a PE ratio of 77.86, a price-to-earnings-growth ratio of 2.85 and a beta of 0.64.

Chipotle Mexican Grill (NYSE:CMG) last announced its earnings results on Wednesday, April 24th. The restaurant operator reported $3.40 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.01 by $0.39. Chipotle Mexican Grill had a return on equity of 19.78% and a net margin of 4.08%. The firm had revenue of $1.31 billion for the quarter, compared to analyst estimates of $1.27 billion. During the same quarter last year, the firm posted $2.13 EPS. The business’s revenue was up 13.9% on a year-over-year basis. On average, research analysts anticipate that Chipotle Mexican Grill, Inc. will post 12.97 EPS for the current year.

A number of research firms have weighed in on CMG. Oppenheimer boosted their price objective on shares of Chipotle Mexican Grill from $400.00 to $525.00 and gave the company an “underperform” rating in a research report on Thursday, April 25th. Zacks Investment Research cut shares of Chipotle Mexican Grill from a “buy” rating to a “hold” rating in a research report on Monday, February 4th. Citigroup boosted their target price on shares of Chipotle Mexican Grill from $695.00 to $797.00 and gave the company a “buy” rating in a research note on Wednesday. Maxim Group boosted their target price on shares of Chipotle Mexican Grill from $540.00 to $620.00 and gave the company a “hold” rating in a research note on Wednesday, April 17th. Finally, Jefferies Financial Group lowered shares of Chipotle Mexican Grill from a “buy” rating to a “hold” rating and boosted their target price for the company from $600.00 to $700.00 in a research note on Thursday, April 11th. Five investment analysts have rated the stock with a sell rating, fifteen have given a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $642.96.

In other Chipotle Mexican Grill news, CFO Jack Hartung sold 7,150 shares of the firm’s stock in a transaction on Tuesday, February 12th. The stock was sold at an average price of $606.77, for a total value of $4,338,405.50. Following the completion of the sale, the chief financial officer now directly owns 45,237 shares of the company’s stock, valued at approximately $27,448,454.49. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Pershing Square Capital Manage sold 11,980 shares of the firm’s stock in a transaction on Thursday, February 14th. The stock was sold at an average price of $602.45, for a total value of $7,217,351.00. The disclosure for this sale can be found here. Insiders sold a total of 51,788 shares of company stock worth $31,629,459 in the last 90 days. 2.21% of the stock is currently owned by insiders.

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About Chipotle Mexican Grill

Chipotle Mexican Grill, Inc, together with its subsidiaries, operates Chipotle Mexican Grill restaurants. As of December 31, 2018, it operated 2,491 restaurants, including 2,452 Chipotle restaurants in the United States, 37 Chipotle restaurants internationally, and two non-Chipotle restaurants. The company was founded in 1993 and is headquartered in Newport Beach, California.

Further Reading: Mutual Funds

Institutional Ownership by Quarter for Chipotle Mexican Grill (NYSE:CMG)

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