First Trust Advisors LP Sells 113,842 Shares of Chipotle Mexican Grill, Inc. $CMG

First Trust Advisors LP trimmed its position in Chipotle Mexican Grill, Inc. (NYSE:CMG) by 17.8% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 526,352 shares of the restaurant operator’s stock after selling 113,842 shares during the quarter. First Trust Advisors LP’s holdings in Chipotle Mexican Grill were worth $29,555,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in CMG. Norges Bank bought a new stake in shares of Chipotle Mexican Grill during the second quarter worth approximately $1,001,668,000. Sustainable Growth Advisers LP bought a new stake in shares of Chipotle Mexican Grill during the 2nd quarter valued at $597,031,000. Price T Rowe Associates Inc. MD lifted its stake in shares of Chipotle Mexican Grill by 7.6% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 56,827,332 shares of the restaurant operator’s stock valued at $2,853,302,000 after purchasing an additional 4,027,016 shares during the period. Alliancebernstein L.P. boosted its position in shares of Chipotle Mexican Grill by 8.0% in the 1st quarter. Alliancebernstein L.P. now owns 32,505,318 shares of the restaurant operator’s stock worth $1,632,092,000 after purchasing an additional 2,404,798 shares during the last quarter. Finally, Strs Ohio bought a new position in shares of Chipotle Mexican Grill in the 1st quarter worth $93,571,000. 91.30% of the stock is owned by institutional investors.

Chipotle Mexican Grill Price Performance

CMG stock opened at $33.95 on Thursday. The business has a 50-day moving average of $35.85 and a 200-day moving average of $43.11. Chipotle Mexican Grill, Inc. has a fifty-two week low of $29.75 and a fifty-two week high of $66.74. The stock has a market capitalization of $44.89 billion, a P/E ratio of 30.04, a P/E/G ratio of 3.44 and a beta of 0.99.

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

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on CMG shares. Zacks Research cut Chipotle Mexican Grill from a “hold” rating to a “strong sell” rating in a report on Thursday, October 30th. Royal Bank Of Canada reduced their price objective on shares of Chipotle Mexican Grill from $58.00 to $40.00 and set an “outperform” rating on the stock in a research note on Thursday, October 30th. Robert W. Baird lowered their target price on shares of Chipotle Mexican Grill from $59.00 to $49.00 and set an “outperform” rating for the company in a research note on Friday, October 10th. BMO Capital Markets reissued an “outperform” rating on shares of Chipotle Mexican Grill in a report on Thursday, October 30th. Finally, Sanford C. Bernstein reaffirmed an “outperform” rating and set a $40.00 price objective (down previously from $60.00) on shares of Chipotle Mexican Grill in a research note on Thursday, October 30th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-two have given a Buy rating, eleven have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $49.81.

Chipotle Mexican Grill Profile

Chipotle Mexican Grill, Inc, together with its subsidiaries, owns and operates Chipotle Mexican Grill restaurants. It sells food and beverages through offering burritos, burrito bowls, quesadillas, tacos, and salads. The company also provides delivery and related services its app and website. It has operations in the United States, Canada, France, Germany, and the United Kingdom.