ABN Amro Investment Solutions Has $2.43 Million Position in Chipotle Mexican Grill, Inc. $CMG

ABN Amro Investment Solutions reduced its stake in Chipotle Mexican Grill, Inc. (NYSE:CMG) by 42.6% during the 4th quarter, Holdings Channel.com reports. The firm owned 65,540 shares of the restaurant operator’s stock after selling 48,675 shares during the period. ABN Amro Investment Solutions’ holdings in Chipotle Mexican Grill were worth $2,425,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also modified their holdings of the business. Financial Life Planners bought a new stake in Chipotle Mexican Grill during the third quarter worth about $25,000. Wealth Watch Advisors INC acquired a new position in shares of Chipotle Mexican Grill in the third quarter valued at approximately $25,000. Murphy & Mullick Capital Management Corp increased its stake in shares of Chipotle Mexican Grill by 106.7% in the third quarter. Murphy & Mullick Capital Management Corp now owns 775 shares of the restaurant operator’s stock valued at $30,000 after buying an additional 400 shares during the period. Winthrop Capital Management LLC acquired a new stake in Chipotle Mexican Grill during the 3rd quarter valued at approximately $31,000. Finally, Ameriflex Group Inc. grew its position in shares of Chipotle Mexican Grill by 109.4% during the 3rd quarter. Ameriflex Group Inc. now owns 890 shares of the restaurant operator’s stock worth $35,000 after buying an additional 465 shares during the period. 91.30% of the stock is currently owned by institutional investors and hedge funds.

Chipotle Mexican Grill Stock Performance

Shares of CMG opened at $32.84 on Friday. The business has a 50-day moving average of $33.32 and a 200 day moving average of $35.22. Chipotle Mexican Grill, Inc. has a fifty-two week low of $29.75 and a fifty-two week high of $58.42. The firm has a market cap of $42.13 billion, a P/E ratio of 30.13, a price-to-earnings-growth ratio of 2.11 and a beta of 1.03.

Chipotle Mexican Grill (NYSE:CMG) last announced its quarterly earnings data on Wednesday, April 29th. The restaurant operator reported $0.24 earnings per share for the quarter, hitting the consensus estimate of $0.24. Chipotle Mexican Grill had a return on equity of 49.64% and a net margin of 11.96%.The company had revenue of $3.09 billion during the quarter, compared to analyst estimates of $3.07 billion. During the same quarter last year, the firm posted $0.29 EPS. The firm’s revenue for the quarter was up 7.4% on a year-over-year basis. As a group, research analysts predict that Chipotle Mexican Grill, Inc. will post 1.13 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on CMG. Argus upgraded Chipotle Mexican Grill from a “hold” rating to a “buy” rating and set a $40.00 target price on the stock in a report on Tuesday, May 5th. Telsey Advisory Group dropped their price objective on Chipotle Mexican Grill from $50.00 to $48.00 and set an “outperform” rating on the stock in a research note on Wednesday, February 4th. Wells Fargo & Company dropped their price objective on Chipotle Mexican Grill from $50.00 to $45.00 and set an “overweight” rating on the stock in a research note on Wednesday, February 4th. Guggenheim dropped their price objective on Chipotle Mexican Grill from $36.00 to $35.00 and set a “neutral” rating on the stock in a research note on Friday, May 1st. Finally, Stephens raised their price objective on Chipotle Mexican Grill from $38.00 to $39.00 and gave the company an “equal weight” rating in a research note on Thursday, April 30th. Twenty-four research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $46.03.

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.