Chevy Chase Trust Holdings LLC Sells 27,478 Shares of Chipotle Mexican Grill, Inc. $CMG

Chevy Chase Trust Holdings LLC lowered its holdings in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) by 3.8% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 694,969 shares of the restaurant operator’s stock after selling 27,478 shares during the period. Chevy Chase Trust Holdings LLC owned about 0.05% of Chipotle Mexican Grill worth $27,236,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of CMG. Capital World Investors lifted its holdings in shares of Chipotle Mexican Grill by 122.7% during the 3rd quarter. Capital World Investors now owns 87,844,788 shares of the restaurant operator’s stock worth $3,442,645,000 after acquiring an additional 48,398,628 shares during the period. Norges Bank acquired a new stake in shares of Chipotle Mexican Grill during the 2nd quarter valued at about $1,001,668,000. Capital International Investors increased its stake in Chipotle Mexican Grill by 42.4% in the third quarter. Capital International Investors now owns 38,497,927 shares of the restaurant operator’s stock valued at $1,509,043,000 after acquiring an additional 11,471,658 shares during the period. BlueSpruce Investments LP increased its stake in Chipotle Mexican Grill by 24,760.7% in the second quarter. BlueSpruce Investments LP now owns 3,930,732 shares of the restaurant operator’s stock valued at $220,711,000 after acquiring an additional 3,914,921 shares during the period. Finally, Vanguard Group Inc. raised its position in Chipotle Mexican Grill by 2.0% in the third quarter. Vanguard Group Inc. now owns 125,927,338 shares of the restaurant operator’s stock worth $4,935,092,000 after purchasing an additional 2,470,213 shares in the last quarter. Institutional investors own 91.30% of the company’s stock.

Chipotle Mexican Grill Trading Up 4.6%

Shares of Chipotle Mexican Grill stock opened at $34.03 on Tuesday. The stock has a market capitalization of $44.32 billion, a price-to-earnings ratio of 29.85, a P/E/G ratio of 2.00 and a beta of 1.00. The firm’s 50-day moving average price is $37.94 and its two-hundred day moving average price is $37.44. Chipotle Mexican Grill, Inc. has a 1-year low of $29.75 and a 1-year high of $58.42.

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

Wall Street Analyst Weigh In

A number of research analysts have commented on the stock. Raymond James Financial lifted their price objective on Chipotle Mexican Grill from $40.00 to $45.00 and gave the company an “outperform” rating in a report on Wednesday, January 21st. Wall Street Zen raised Chipotle Mexican Grill from a “sell” rating to a “hold” rating in a report on Saturday, March 7th. Telsey Advisory Group cut their target price on Chipotle Mexican Grill from $50.00 to $48.00 and set an “outperform” rating for the company in a research report on Wednesday, February 4th. Barclays decreased their price target on Chipotle Mexican Grill from $44.00 to $40.00 and set an “equal weight” rating on the stock in a research note on Wednesday, February 4th. Finally, KeyCorp lowered their price target on Chipotle Mexican Grill from $45.00 to $42.00 and set an “overweight” rating on the stock in a research report on Wednesday, February 4th. Twenty-three investment analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $47.37.

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.