ABN Amro Investment Solutions Trims Holdings in Chipotle Mexican Grill, Inc. $CMG

ABN Amro Investment Solutions lessened its position in Chipotle Mexican Grill, Inc. (NYSE:CMG) by 15.3% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 114,215 shares of the restaurant operator’s stock after selling 20,566 shares during the period. ABN Amro Investment Solutions’ holdings in Chipotle Mexican Grill were worth $4,476,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Revolve Wealth Partners LLC raised its holdings in Chipotle Mexican Grill by 4.7% in the 4th quarter. Revolve Wealth Partners LLC now owns 4,804 shares of the restaurant operator’s stock valued at $290,000 after acquiring an additional 214 shares during the last quarter. Trueblood Wealth Management LLC grew its position in shares of Chipotle Mexican Grill by 4.6% in the third quarter. Trueblood Wealth Management LLC now owns 5,703 shares of the restaurant operator’s stock valued at $224,000 after purchasing an additional 253 shares during the period. Scotia Capital Inc. grew its position in shares of Chipotle Mexican Grill by 0.4% in the second quarter. Scotia Capital Inc. now owns 76,358 shares of the restaurant operator’s stock valued at $4,288,000 after purchasing an additional 269 shares during the period. Lakeshore Capital Group Inc. increased its stake in Chipotle Mexican Grill by 1.9% in the third quarter. Lakeshore Capital Group Inc. now owns 14,632 shares of the restaurant operator’s stock valued at $573,000 after purchasing an additional 272 shares during the last quarter. Finally, Pine Haven Investment Counsel Inc lifted its position in Chipotle Mexican Grill by 0.8% during the third quarter. Pine Haven Investment Counsel Inc now owns 37,391 shares of the restaurant operator’s stock worth $1,465,000 after buying an additional 280 shares during the period. Hedge funds and other institutional investors own 91.30% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the stock. Morgan Stanley dropped their price objective on shares of Chipotle Mexican Grill from $50.00 to $49.00 and set an “overweight” rating for the company in a research note on Wednesday, February 4th. Royal Bank Of Canada lowered their target price on shares of Chipotle Mexican Grill from $58.00 to $40.00 and set an “outperform” rating for the company in a report on Thursday, October 30th. Piper Sandler cut their price target on shares of Chipotle Mexican Grill from $47.00 to $44.00 and set an “overweight” rating on the stock in a research note on Wednesday, February 4th. JPMorgan Chase & Co. cut their target price on Chipotle Mexican Grill from $44.00 to $40.00 and set a “neutral” rating on the stock in a research report on Thursday, October 30th. Finally, The Goldman Sachs Group restated a “buy” rating on shares of Chipotle Mexican Grill in a report on Thursday, December 18th. Twenty-two analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $47.24.

Chipotle Mexican Grill Stock Up 1.2%

Shares of NYSE:CMG opened at $36.28 on Monday. The company has a market capitalization of $47.25 billion, a price-to-earnings ratio of 31.82, a price-to-earnings-growth ratio of 2.22 and a beta of 0.99. The company has a 50 day moving average of $38.13 and a two-hundred day moving average of $38.42. Chipotle Mexican Grill, Inc. has a 52-week low of $29.75 and a 52-week high of $58.42.

Chipotle Mexican Grill (NYSE:CMG) last released its quarterly earnings results on Tuesday, February 3rd. The restaurant operator reported $0.25 earnings per share for the quarter, beating analysts’ consensus estimates of $0.24 by $0.01. Chipotle Mexican Grill had a net margin of 12.88% and a return on equity of 47.99%. The business had revenue of $2.98 billion during the quarter, compared to analyst estimates of $2.96 billion. During the same period last year, the business earned $0.25 EPS. The business’s revenue was up 4.9% on a year-over-year basis. On average, equities analysts anticipate that Chipotle Mexican Grill, Inc. will post 1.29 earnings per share for the current year.

Chipotle Mexican Grill 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.