Aviva PLC Sells 581 Shares of Chipotle Mexican Grill, Inc. (CMG)

Aviva PLC lowered its stake in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) by 4.6% in the third quarter, according to its most recent 13F filing with the SEC. The fund owned 11,947 shares of the restaurant operator’s stock after selling 581 shares during the period. Aviva PLC’s holdings in Chipotle Mexican Grill were worth $5,430,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Canada Pension Plan Investment Board grew its position in shares of Chipotle Mexican Grill by 636.4% during the 2nd quarter. Canada Pension Plan Investment Board now owns 243 shares of the restaurant operator’s stock valued at $105,000 after acquiring an additional 210 shares during the period. Cornerstone Wealth Management LLC grew its position in shares of Chipotle Mexican Grill by 17.1% during the 3rd quarter. Cornerstone Wealth Management LLC now owns 35,254 shares of the restaurant operator’s stock valued at $116,000 after acquiring an additional 5,142 shares during the period. Piedmont Investment Advisors LLC acquired a new stake in shares of Chipotle Mexican Grill during the 2nd quarter valued at about $119,000. Dupont Capital Management Corp acquired a new stake in shares of Chipotle Mexican Grill during the 2nd quarter valued at about $123,000. Finally, Korea Investment CORP grew its position in shares of Chipotle Mexican Grill by 45.4% during the 3rd quarter. Korea Investment CORP now owns 391 shares of the restaurant operator’s stock valued at $178,000 after acquiring an additional 122 shares during the period. Institutional investors and hedge funds own 91.40% of the company’s stock.

A number of equities research analysts have recently commented on the company. Barclays raised their target price on Chipotle Mexican Grill from $360.00 to $400.00 and gave the company an “equal weight” rating in a research report on Friday, October 26th. Royal Bank of Canada upgraded Chipotle Mexican Grill from a “sector perform” rating to an “outperform” rating and raised their target price for the company from $450.00 to $510.00 in a research report on Monday, October 22nd. TheStreet cut Chipotle Mexican Grill from a “b-” rating to a “c” rating in a research report on Thursday, October 25th. Wedbush restated a “sell” rating and set a $400.00 target price on shares of Chipotle Mexican Grill in a research report on Friday, October 26th. Finally, Maxim Group restated a “hold” rating and set a $500.00 target price (up from $430.00) on shares of Chipotle Mexican Grill in a research report on Tuesday, August 28th. Nine investment analysts have rated the stock with a sell rating, sixteen have issued a hold rating and fourteen have issued a buy rating to the stock. The company has an average rating of “Hold” and an average price target of $431.72.

Shares of Chipotle Mexican Grill stock opened at $467.43 on Friday. The company has a market cap of $13.01 billion, a PE ratio of 70.82, a P/E/G ratio of 3.10 and a beta of 0.23. Chipotle Mexican Grill, Inc. has a 1-year low of $247.51 and a 1-year high of $530.68.

Chipotle Mexican Grill (NYSE:CMG) last issued its earnings results on Thursday, October 25th. The restaurant operator reported $2.16 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $2.00 by $0.16. The business had revenue of $1.23 billion for the quarter, compared to analysts’ expectations of $1.23 billion. Chipotle Mexican Grill had a return on equity of 17.14% and a net margin of 3.96%. Research analysts predict that Chipotle Mexican Grill, Inc. will post 8.47 earnings per share for the current year.

In other news, Director Pershing Square Capital Manage sold 118,307 shares of Chipotle Mexican Grill stock in a transaction that occurred on Tuesday, November 6th. The shares were sold at an average price of $472.05, for a total transaction of $55,846,819.35. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 2.19% 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 September 30, 2018, it operated 2,424 Chipotle restaurants in the United States, as well as 37 international Chipotle restaurants. The company was founded in 1993 and is headquartered in Newport Beach, California.

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

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