Bank of New York Mellon Corp Has $272.73 Million Stake in Chipotle Mexican Grill, Inc. $CMG

Bank of New York Mellon Corp reduced its holdings in Chipotle Mexican Grill, Inc. (NYSE:CMG) by 1.8% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 6,959,091 shares of the restaurant operator’s stock after selling 127,164 shares during the period. Bank of New York Mellon Corp’s holdings in Chipotle Mexican Grill were worth $272,727,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of CMG. Operose Advisors LLC acquired a new position in shares of Chipotle Mexican Grill in the 2nd quarter valued at $25,000. Salomon & Ludwin LLC bought a new stake in Chipotle Mexican Grill in the third quarter valued at about $26,000. Lavaca Capital LLC acquired a new position in Chipotle Mexican Grill in the second quarter valued at about $28,000. Activest Wealth Management lifted its stake in Chipotle Mexican Grill by 109.3% in the second quarter. Activest Wealth Management now owns 517 shares of the restaurant operator’s stock valued at $29,000 after buying an additional 270 shares during the period. Finally, Steigerwald Gordon & Koch Inc. bought a new position in Chipotle Mexican Grill during the third quarter worth about $29,000. 91.30% of the stock is owned by institutional investors.

Chipotle Mexican Grill Trading Down 0.2%

CMG opened at $39.09 on Friday. The stock has a market capitalization 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 12 month low of $29.75 and a 12 month high of $59.57. The firm’s fifty day simple moving average is $37.08 and its 200 day simple moving average is $39.50.

Chipotle Mexican Grill (NYSE:CMG) last released its quarterly earnings results on Wednesday, October 29th. The restaurant operator reported $0.29 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.29. The firm had revenue of $3 billion for the quarter, compared to the consensus estimate of $3.06 billion. Chipotle Mexican Grill had a return on equity of 45.39% and a net margin of 13.04%.The company’s revenue for the quarter was up 7.5% on a year-over-year basis. During the same quarter last year, the business posted $0.27 EPS. On average, equities research analysts predict that Chipotle Mexican Grill, Inc. will post 1.29 EPS for the current fiscal year.

Analyst Ratings Changes

A number of analysts have recently commented on CMG shares. Morgan Stanley lowered their price target on Chipotle Mexican Grill from $59.00 to $50.00 and set an “overweight” rating for the company in a research note on Thursday, October 30th. Wells Fargo & Company upped their target price on shares of Chipotle Mexican Grill from $45.00 to $50.00 and gave the company an “overweight” rating in a research note on Thursday, January 22nd. Zacks Research raised shares of Chipotle Mexican Grill from a “strong sell” rating to a “hold” rating in a research report on Monday, December 29th. JPMorgan Chase & Co. decreased their price target on shares of Chipotle Mexican Grill from $44.00 to $40.00 and set a “neutral” rating for the company in a report on Thursday, October 30th. Finally, Jefferies Financial Group dropped their price objective on Chipotle Mexican Grill from $48.00 to $44.00 and set a “hold” rating on the stock in a research note on Monday, October 13th. Two research analysts have rated the stock with a Strong Buy rating, twenty-two have given a Buy rating and thirteen have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $50.23.

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.