Chipotle Mexican Grill, Inc. (CMG) Shares Sold by Baird Financial Group Inc.

Baird Financial Group Inc. decreased its stake in Chipotle Mexican Grill, Inc. (NYSE:CMG) by 18.8% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 8,050 shares of the restaurant operator’s stock after selling 1,869 shares during the quarter. Baird Financial Group Inc.’s holdings in Chipotle Mexican Grill were worth $3,598,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in CMG. Jennison Associates LLC increased its stake in shares of Chipotle Mexican Grill by 128.5% during the 3rd quarter. Jennison Associates LLC now owns 830,269 shares of the restaurant operator’s stock worth $377,374,000 after purchasing an additional 466,849 shares during the last quarter. Massachusetts Financial Services Co. MA acquired a new position in shares of Chipotle Mexican Grill during the 3rd quarter worth $69,452,000. FMR LLC increased its stake in shares of Chipotle Mexican Grill by 10.2% during the 2nd quarter. FMR LLC now owns 1,620,408 shares of the restaurant operator’s stock worth $698,995,000 after purchasing an additional 149,725 shares during the last quarter. Wells Fargo & Company MN increased its stake in shares of Chipotle Mexican Grill by 125.3% during the 3rd quarter. Wells Fargo & Company MN now owns 261,869 shares of the restaurant operator’s stock worth $119,025,000 after purchasing an additional 145,631 shares during the last quarter. Finally, Victory Capital Management Inc. increased its stake in shares of Chipotle Mexican Grill by 2,018.2% during the 3rd quarter. Victory Capital Management Inc. now owns 118,918 shares of the restaurant operator’s stock worth $54,050,000 after purchasing an additional 113,304 shares during the last quarter. Institutional investors own 91.40% of the company’s stock.

NYSE:CMG opened at $467.43 on Friday. Chipotle Mexican Grill, Inc. has a 1 year low of $247.51 and a 1 year high of $530.68. The firm has a market capitalization of $13.01 billion, a P/E ratio of 70.82, a PEG ratio of 3.10 and a beta of 0.23.

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

In other Chipotle Mexican Grill news, Director Pershing Square Capital Manage sold 118,307 shares of the stock in a transaction on Tuesday, November 6th. The shares were sold at an average price of $472.05, for a total value of $55,846,819.35. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 2.19% of the stock is owned by corporate insiders.

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

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Chipotle Mexican Grill Company Profile

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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