Hsbc Holdings PLC Has $89.72 Million Stake in Chipotle Mexican Grill, Inc. $CMG

Hsbc Holdings PLC lowered its holdings in Chipotle Mexican Grill, Inc. (NYSE:CMG) by 23.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,423,321 shares of the restaurant operator’s stock after selling 738,840 shares during the period. Hsbc Holdings PLC owned about 0.19% of Chipotle Mexican Grill worth $89,716,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in CMG. Rehmann Capital Advisory Group grew its holdings in shares of Chipotle Mexican Grill by 23.7% in the 4th quarter. Rehmann Capital Advisory Group now owns 6,418 shares of the restaurant operator’s stock valued at $238,000 after acquiring an additional 1,228 shares in the last quarter. Tulsa Wealth Advisors INC bought a new stake in Chipotle Mexican Grill during the fourth quarter worth about $453,000. Reflection Asset Management bought a new stake in Chipotle Mexican Grill during the fourth quarter worth about $48,000. Tobam boosted its position in Chipotle Mexican Grill by 10.3% during the fourth quarter. Tobam now owns 11,037 shares of the restaurant operator’s stock valued at $408,000 after purchasing an additional 1,034 shares during the last quarter. Finally, Wick Capital Partners LLC acquired a new position in Chipotle Mexican Grill during the fourth quarter valued at approximately $242,000. 91.30% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts have weighed in on CMG shares. Weiss Ratings lowered Chipotle Mexican Grill from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Wednesday, May 20th. Citigroup raised their target price on shares of Chipotle Mexican Grill from $44.00 to $46.00 and gave the company a “buy” rating in a research note on Thursday, April 30th. Zacks Research upgraded shares of Chipotle Mexican Grill from a “strong sell” rating to a “hold” rating in a report on Friday, April 17th. BNP Paribas Exane upped their price target on shares of Chipotle Mexican Grill from $37.00 to $39.00 and gave the stock a “neutral” rating in a research report on Thursday, April 30th. Finally, Wall Street Zen raised shares of Chipotle Mexican Grill from a “sell” rating to a “hold” rating in a research report on Saturday, March 7th. Twenty-three equities research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $45.10.

Chipotle Mexican Grill Trading Down 0.2%

CMG opened at $32.43 on Monday. Chipotle Mexican Grill, Inc. has a 1-year low of $28.03 and a 1-year high of $58.42. The stock’s fifty day simple moving average is $32.66 and its 200 day simple moving average is $35.16. The stock has a market cap of $41.60 billion, a PE ratio of 29.76, a price-to-earnings-growth ratio of 2.09 and a beta of 0.99.

Chipotle Mexican Grill (NYSE:CMG) last announced its quarterly earnings results on Wednesday, April 29th. The restaurant operator reported $0.24 earnings per share (EPS) for the quarter, meeting 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 business had revenue of $3.09 billion during the quarter, compared to the consensus estimate of $3.07 billion. During the same quarter last year, the firm posted $0.29 EPS. The company’s quarterly revenue was up 7.4% on a year-over-year basis. Equities analysts forecast that Chipotle Mexican Grill, Inc. will post 1.13 earnings per share for the current year.

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.