Fifth Third Wealth Advisors LLC Sells 37,793 Shares of Chipotle Mexican Grill, Inc. $CMG

Fifth Third Wealth Advisors LLC lowered its holdings in Chipotle Mexican Grill, Inc. (NYSE:CMG) by 68.8% during the 4th quarter, Holdings Channel reports. The firm owned 17,105 shares of the restaurant operator’s stock after selling 37,793 shares during the period. Fifth Third Wealth Advisors LLC’s holdings in Chipotle Mexican Grill were worth $633,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently made changes to their positions in CMG. Bank of Nova Scotia boosted its holdings in Chipotle Mexican Grill by 11.0% in the 3rd quarter. Bank of Nova Scotia now owns 475,672 shares of the restaurant operator’s stock worth $18,642,000 after buying an additional 47,241 shares during the period. Sarasin & Partners LLP lifted its position in shares of Chipotle Mexican Grill by 1.1% during the third 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 in the last quarter. Rexford Capital Inc. lifted its position in shares of Chipotle Mexican Grill by 3,266.1% during the third quarter. Rexford Capital Inc. now owns 14,676 shares of the restaurant operator’s stock worth $575,000 after acquiring an additional 14,240 shares in the last quarter. Union Bancaire Privee UBP SA boosted its holdings in shares of Chipotle Mexican Grill by 76.3% in the third quarter. Union Bancaire Privee UBP SA now owns 356,986 shares of the restaurant operator’s stock worth $13,333,000 after acquiring an additional 154,512 shares during the period. Finally, Allspring Global Investments Holdings LLC grew its position in shares of Chipotle Mexican Grill by 34.2% in the third quarter. Allspring Global Investments Holdings LLC now owns 283,407 shares of the restaurant operator’s stock valued at $11,044,000 after purchasing an additional 72,167 shares in the last quarter. 91.30% of the stock is owned by hedge funds and other institutional investors.

Chipotle Mexican Grill Price Performance

NYSE:CMG opened at $33.16 on Friday. The company has a market capitalization of $43.19 billion, a price-to-earnings ratio of 29.09, a PEG ratio of 2.00 and a beta of 1.06. The business has a 50 day moving average of $36.07 and a 200 day moving average of $36.77. 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 issued its quarterly earnings results on Tuesday, February 3rd. The restaurant operator reported $0.25 EPS for the quarter, beating analysts’ consensus estimates of $0.24 by $0.01. The business had revenue of $2.98 billion for 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%. The business’s quarterly revenue was up 4.9% on a year-over-year basis. During the same period last year, the business earned $0.25 earnings per share. As a group, sell-side analysts anticipate that Chipotle Mexican Grill, Inc. will post 1.29 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the company. Raymond James Financial increased their price objective on Chipotle Mexican Grill from $40.00 to $45.00 and gave the stock an “outperform” rating in a report on Wednesday, January 21st. Sanford C. Bernstein upped their price target on Chipotle Mexican Grill from $40.00 to $50.00 and gave the company an “outperform” rating in a research report on Monday, January 5th. Wall Street Zen raised shares of Chipotle Mexican Grill from a “sell” rating to a “hold” rating in a report on Saturday, March 7th. Barclays reduced their price objective on shares of Chipotle Mexican Grill from $44.00 to $40.00 and set an “equal weight” rating for the company in a research note on Wednesday, February 4th. Finally, DA Davidson initiated coverage on shares of Chipotle Mexican Grill in a report on Friday, March 6th. They set a “buy” rating and a $51.00 target price on the stock. Twenty-four investment analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $47.13.

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.