Fifth Third Bancorp Sells 211,408 Shares of Chipotle Mexican Grill, Inc. $CMG

Fifth Third Bancorp cut its holdings in Chipotle Mexican Grill, Inc. (NYSE:CMG) by 28.4% during the 3rd quarter, HoldingsChannel reports. The fund owned 533,523 shares of the restaurant operator’s stock after selling 211,408 shares during the quarter. Fifth Third Bancorp’s holdings in Chipotle Mexican Grill were worth $20,909,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently made changes to their positions in CMG. Sarasin & Partners LLP lifted its stake in shares of Chipotle Mexican Grill by 1.1% in the 3rd quarter. Sarasin & Partners LLP now owns 2,565,111 shares of the restaurant operator’s stock worth $102,348,000 after acquiring an additional 27,366 shares during the period. Rexford Capital Inc. grew its position in shares of Chipotle Mexican Grill by 3,266.1% in the third quarter. Rexford Capital Inc. now owns 14,676 shares of the restaurant operator’s stock valued at $575,000 after purchasing an additional 14,240 shares during the last quarter. Union Bancaire Privee UBP SA increased its position in Chipotle Mexican Grill by 76.3% during the 3rd quarter. Union Bancaire Privee UBP SA now owns 356,986 shares of the restaurant operator’s stock worth $13,333,000 after purchasing an additional 154,512 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. boosted its position in Chipotle Mexican Grill by 7.1% during the second quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 2,596,483 shares of the restaurant operator’s stock worth $145,793,000 after acquiring an additional 171,466 shares during the last quarter. Finally, Dillon & Associates Inc. lifted its position in Chipotle Mexican Grill by 5.1% during the second quarter. Dillon & Associates Inc. now owns 287,433 shares of the restaurant operator’s stock worth $16,096,000 after buying an additional 14,037 shares during the period. Institutional investors and hedge funds own 91.30% of the company’s stock.

Wall Street Analyst Weigh In

CMG has been the topic of several research reports. Telsey Advisory Group cut their price target on shares of Chipotle Mexican Grill from $50.00 to $48.00 and set an “outperform” rating on the stock in a report on Wednesday, February 4th. BTIG Research reaffirmed a “buy” rating and issued a $45.00 price target on shares of Chipotle Mexican Grill in a report on Wednesday, February 4th. Weiss Ratings reissued a “hold (c-)” rating on shares of Chipotle Mexican Grill in a research report on Monday, December 29th. Morgan Stanley cut their target price on shares of Chipotle Mexican Grill from $50.00 to $49.00 and set an “overweight” rating on the stock in a report on Wednesday, February 4th. Finally, Northcoast Research lowered shares of Chipotle Mexican Grill from a “buy” rating to a “neutral” rating in a research note on Friday, October 31st. Twenty-two analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $47.24.

Chipotle Mexican Grill Stock Up 1.2%

CMG stock opened at $36.28 on Tuesday. Chipotle Mexican Grill, Inc. has a 12 month low of $29.75 and a 12 month high of $58.42. The firm has a 50 day moving average of $38.19 and a two-hundred day moving average of $38.38. The company has a market capitalization of $47.25 billion, a price-to-earnings ratio of 31.82, a P/E/G ratio of 2.22 and a beta of 0.99.

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

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.