Calamos Advisors LLC Cuts Stock Position in Chipotle Mexican Grill, Inc. $CMG

Calamos Advisors LLC cut its stake in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) by 49.7% in the 3rd quarter, Holdings Channel.com reports. The firm owned 558,406 shares of the restaurant operator’s stock after selling 551,743 shares during the period. Calamos Advisors LLC’s holdings in Chipotle Mexican Grill were worth $21,884,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently bought and sold shares of CMG. Vanguard Group Inc. boosted its holdings in shares of Chipotle Mexican Grill by 0.8% in the second quarter. Vanguard Group Inc. now owns 123,457,125 shares of the restaurant operator’s stock valued at $6,932,118,000 after acquiring an additional 993,798 shares in the last quarter. Alliancebernstein L.P. lifted its position in Chipotle Mexican Grill by 1.9% in the second quarter. Alliancebernstein L.P. now owns 33,111,508 shares of the restaurant operator’s stock valued at $1,859,211,000 after purchasing an additional 606,190 shares during the period. Geode Capital Management LLC boosted its holdings in Chipotle Mexican Grill by 1.1% in the 2nd quarter. Geode Capital Management LLC now owns 29,659,508 shares of the restaurant operator’s stock valued at $1,657,193,000 after purchasing an additional 325,926 shares in the last quarter. American Century Companies Inc. boosted its holdings in Chipotle Mexican Grill by 2.9% in the 2nd quarter. American Century Companies Inc. now owns 21,257,666 shares of the restaurant operator’s stock valued at $1,193,618,000 after purchasing an additional 595,038 shares in the last quarter. Finally, Norges Bank acquired a new position in Chipotle Mexican Grill during the 2nd quarter worth approximately $1,001,668,000. 91.30% of the stock is owned by institutional investors and hedge funds.

Chipotle Mexican Grill Stock Down 0.3%

Chipotle Mexican Grill stock opened at $37.04 on Wednesday. The firm has a market capitalization of $48.98 billion, a PE ratio of 32.78, a P/E/G ratio of 3.79 and a beta of 0.99. Chipotle Mexican Grill, Inc. has a 52 week low of $29.75 and a 52 week high of $61.16. The firm’s 50-day simple moving average is $34.64 and its 200 day simple moving average is $41.69.

Chipotle Mexican Grill (NYSE:CMG) last announced its earnings results on Wednesday, October 29th. The restaurant operator reported $0.29 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.29. The company had revenue of $3 billion during the quarter, compared to analysts’ expectations of $3.06 billion. Chipotle Mexican Grill had a net margin of 13.04% and a return on equity of 45.39%. The firm’s quarterly revenue was up 7.5% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.27 earnings per share. On average, research analysts expect that Chipotle Mexican Grill, Inc. will post 1.29 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts have recently commented on the company. Northcoast Research cut Chipotle Mexican Grill from a “buy” rating to a “neutral” rating in a report on Friday, October 31st. Evercore ISI reiterated an “outperform” rating and issued a $45.00 price objective on shares of Chipotle Mexican Grill in a research report on Friday, December 19th. UBS Group set a $45.00 target price on shares of Chipotle Mexican Grill in a research report on Friday, October 31st. BTIG Research cut their price target on shares of Chipotle Mexican Grill from $57.00 to $45.00 and set a “buy” rating for the company in a report on Thursday, October 30th. Finally, Stifel Nicolaus decreased their price objective on shares of Chipotle Mexican Grill from $65.00 to $60.00 and set a “buy” rating on the stock in a report on Tuesday, September 9th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating, eleven have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $49.81.

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.