Chipotle Mexican Grill, Inc. $CMG Shares Sold by Federated Hermes Inc.

Federated Hermes Inc. lowered its stake in Chipotle Mexican Grill, Inc. (NYSE:CMG) by 29.3% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 906,304 shares of the restaurant operator’s stock after selling 376,147 shares during the period. Federated Hermes Inc.’s holdings in Chipotle Mexican Grill were worth $35,518,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also made changes to their positions in the company. Operose Advisors LLC acquired a new stake in Chipotle Mexican Grill in the second quarter valued at approximately $25,000. Salomon & Ludwin LLC purchased a new stake in shares of Chipotle Mexican Grill in the 3rd quarter valued at approximately $26,000. Lavaca Capital LLC acquired a new stake in shares of Chipotle Mexican Grill in the 2nd quarter valued at $28,000. Activest Wealth Management lifted its position in shares of Chipotle Mexican Grill by 109.3% during the 2nd quarter. Activest Wealth Management now owns 517 shares of the restaurant operator’s stock worth $29,000 after purchasing an additional 270 shares during the last quarter. Finally, Steigerwald Gordon & Koch Inc. acquired a new position in shares of Chipotle Mexican Grill during the third quarter worth $29,000. 91.30% of the stock is owned by institutional investors and hedge funds.

Chipotle Mexican Grill Trading Down 0.2%

Shares of NYSE CMG opened at $39.09 on Friday. The stock has a market cap of $51.68 billion, a P/E ratio of 34.59, a P/E/G ratio of 3.53 and a beta of 0.97. Chipotle Mexican Grill, Inc. has a twelve month low of $29.75 and a twelve month high of $59.57. The stock has a 50 day moving average of $37.08 and a two-hundred day moving average of $39.50.

Chipotle Mexican Grill (NYSE:CMG) last announced 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 net margin of 13.04% and a return on equity of 45.39%. The business had revenue of $3 billion for the quarter, compared to analysts’ expectations of $3.06 billion. During the same period in the previous year, the company posted $0.27 EPS. The company’s quarterly revenue was up 7.5% on a year-over-year basis. As a group, research analysts predict that Chipotle Mexican Grill, Inc. will post 1.29 earnings per share for the current year.

Analysts Set New Price Targets

A number of analysts have weighed in on CMG shares. Gordon Haskett cut Chipotle Mexican Grill from a “strong-buy” rating to a “hold” rating in a research note on Thursday, January 8th. BMO Capital Markets reissued an “outperform” rating on shares of Chipotle Mexican Grill in a research report on Thursday, October 30th. Jefferies Financial Group lowered their price target on Chipotle Mexican Grill from $48.00 to $44.00 and set a “hold” rating for the company in a report on Monday, October 13th. Robert W. Baird dropped their price target on shares of Chipotle Mexican Grill from $59.00 to $49.00 and set an “outperform” rating on the stock in a research note on Friday, October 10th. Finally, Weiss Ratings restated a “hold (c-)” rating on shares of Chipotle Mexican Grill in a research report on Monday, December 29th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-two have given a Buy rating and thirteen have given a Hold rating to the stock. Based on data from MarketBeat.com, Chipotle Mexican Grill has a consensus rating of “Moderate Buy” and a consensus price target of $50.23.

Chipotle Mexican Grill Company Profile

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.