Carnegie Investment Counsel Sells 64,061 Shares of Chipotle Mexican Grill, Inc. $CMG

Carnegie Investment Counsel trimmed its position in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) by 68.9% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 28,924 shares of the restaurant operator’s stock after selling 64,061 shares during the period. Carnegie Investment Counsel’s holdings in Chipotle Mexican Grill were worth $1,134,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in CMG. Sarasin & Partners LLP raised its stake in Chipotle Mexican Grill by 1.1% in the 3rd quarter. Sarasin & Partners LLP now owns 2,565,111 shares of the restaurant operator’s stock valued at $102,348,000 after acquiring an additional 27,366 shares during the period. Union Bancaire Privee UBP SA increased 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 valued at $13,333,000 after purchasing an additional 154,512 shares during the last quarter. Advisors Asset Management Inc. increased its holdings in shares of Chipotle Mexican Grill by 32.4% in the first quarter. Advisors Asset Management Inc. now owns 75,368 shares of the restaurant operator’s stock valued at $3,784,000 after purchasing an additional 18,458 shares during the last quarter. Hilltop National Bank bought a new position in shares of Chipotle Mexican Grill in the second quarter valued at about $2,579,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. lifted its stake in shares of Chipotle Mexican Grill by 7.1% during the 2nd quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 2,596,483 shares of the restaurant operator’s stock worth $145,793,000 after buying an additional 171,466 shares during the last quarter. 91.30% of the stock is owned by institutional investors.

Chipotle Mexican Grill Trading Down 0.3%

Shares of CMG stock opened at $37.80 on Monday. The stock has a market cap of $49.98 billion, a P/E ratio of 33.45, a price-to-earnings-growth ratio of 3.86 and a beta of 0.99. Chipotle Mexican Grill, Inc. has a 1 year low of $29.75 and a 1 year high of $61.16. The stock has a 50 day simple moving average of $34.83 and a 200 day simple moving average of $41.88.

Chipotle Mexican Grill (NYSE:CMG) last announced its quarterly earnings data on Wednesday, October 29th. The restaurant operator reported $0.29 earnings per share for the quarter, meeting the consensus estimate of $0.29. The firm had revenue of $3 billion during the quarter, compared to analysts’ expectations 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 quarterly revenue was up 7.5% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.27 EPS. Analysts forecast that Chipotle Mexican Grill, Inc. will post 1.29 EPS for the current year.

Analysts Set New Price Targets

A number of research analysts recently commented on the stock. KeyCorp decreased their price target on shares of Chipotle Mexican Grill from $52.00 to $45.00 and set an “overweight” rating on the stock in a research note on Thursday, October 30th. Rothschild Redb upgraded Chipotle Mexican Grill from a “hold” rating to a “strong-buy” rating in a report on Wednesday, September 3rd. BTIG Research lowered their target price on Chipotle Mexican Grill from $57.00 to $45.00 and set a “buy” rating on the stock in a research note on Thursday, October 30th. Rothschild & Co Redburn raised Chipotle Mexican Grill from a “neutral” rating to a “buy” rating and set a $55.00 price target for the company in a report on Wednesday, September 3rd. Finally, Zacks Research lowered Chipotle Mexican Grill from a “hold” rating to a “strong sell” rating in a report on Thursday, October 30th. Two analysts have rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating, eleven have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, Chipotle Mexican Grill currently has a consensus rating of “Moderate Buy” and a consensus target price of $49.81.

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.