Duncker Streett & Co. Inc. Has $416,000 Position in Chipotle Mexican Grill, Inc. $CMG

Duncker Streett & Co. Inc. lowered its stake in shares of Chipotle Mexican Grill, Inc. (NYSE:CMGFree Report) by 77.6% in the third quarter, Holdings Channel reports. The firm owned 10,625 shares of the restaurant operator’s stock after selling 36,905 shares during the period. Duncker Streett & Co. Inc.’s holdings in Chipotle Mexican Grill were worth $416,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Operose Advisors LLC acquired a new stake in shares of Chipotle Mexican Grill in the second quarter worth $25,000. Salomon & Ludwin LLC bought a new position in Chipotle Mexican Grill in the 3rd quarter worth $26,000. 1248 Management LLC acquired a new position in Chipotle Mexican Grill during the 1st quarter worth $27,000. Signature Resources Capital Management LLC bought a new stake in Chipotle Mexican Grill during the second quarter valued at about $28,000. Finally, Lavaca Capital LLC bought a new stake in Chipotle Mexican Grill during the second quarter valued at about $28,000. Institutional investors own 91.30% of the company’s stock.

Chipotle Mexican Grill Trading Up 0.8%

Shares of NYSE:CMG opened at $39.16 on Friday. The firm has a market capitalization of $51.78 billion, a PE ratio of 34.66, a PEG ratio of 3.79 and a beta of 0.97. Chipotle Mexican Grill, Inc. has a 1-year low of $29.75 and a 1-year high of $59.57. The business’s 50 day moving average is $34.40 and its 200-day moving average is $41.15.

Chipotle Mexican Grill (NYSE:CMGGet Free Report) last issued its earnings results on Wednesday, October 29th. The restaurant operator reported $0.29 EPS for the quarter, meeting analysts’ consensus estimates of $0.29. Chipotle Mexican Grill had a return on equity of 45.39% and a net margin of 13.04%.The business had revenue of $3 billion during the quarter, compared to analyst estimates of $3.06 billion. During the same period in the prior year, the company posted $0.27 earnings per share. Chipotle Mexican Grill’s revenue was up 7.5% on a year-over-year basis. On average, sell-side analysts predict that Chipotle Mexican Grill, Inc. will post 1.29 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on CMG. KeyCorp dropped their price objective on Chipotle Mexican Grill from $52.00 to $45.00 and set an “overweight” rating on the stock in a research note on Thursday, October 30th. Jefferies Financial Group lowered their target price on Chipotle Mexican Grill from $48.00 to $44.00 and set a “hold” rating on the stock in a report on Monday, October 13th. Sanford C. Bernstein upped their price target on Chipotle Mexican Grill from $40.00 to $50.00 and gave the stock an “outperform” rating in a report on Monday. BMO Capital Markets reissued an “outperform” rating on shares of Chipotle Mexican Grill in a research report on Thursday, October 30th. Finally, Zacks Research upgraded shares of Chipotle Mexican Grill from a “strong sell” rating to a “hold” rating in a research note on Monday, December 29th. Two research analysts have rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating and twelve have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Chipotle Mexican Grill has an average rating of “Moderate Buy” and an average target price of $49.93.

Read Our Latest Stock Report on CMG

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Chipotle Mexican Grill Profile

(Free Report)

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.

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

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