Chipotle Mexican Grill, Inc. $CMG Shares Sold by Calamos Advisors LLC

Calamos Advisors LLC decreased its holdings in Chipotle Mexican Grill, Inc. (NYSE:CMG) by 49.7% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 558,406 shares of the restaurant operator’s stock after selling 551,743 shares during the period. Calamos Advisors LLC’s holdings in Chipotle Mexican Grill were worth $21,884,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also modified their holdings of CMG. Sarasin & Partners LLP increased its position in shares of 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 purchasing an additional 27,366 shares during the last quarter. Union Bancaire Privee UBP SA grew its stake in shares of Chipotle Mexican Grill by 76.3% during the third quarter. Union Bancaire Privee UBP SA now owns 356,986 shares of the restaurant operator’s stock worth $13,333,000 after purchasing an additional 154,512 shares in the last quarter. Advisors Asset Management Inc. increased its holdings in 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 buying an additional 18,458 shares during the last quarter. Hilltop National Bank acquired a new stake in Chipotle Mexican Grill in the second quarter valued at $2,579,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. lifted its holdings in 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. Hedge funds and other institutional investors own 91.30% of the company’s stock.

Chipotle Mexican Grill Trading Down 0.3%

Shares of CMG opened at $37.04 on Wednesday. The company’s 50 day simple moving average is $34.64 and its 200-day simple moving average is $41.69. The firm has a market cap of $48.98 billion, a PE ratio of 32.78, a price-to-earnings-growth ratio of 3.79 and a beta of 0.99. Chipotle Mexican Grill, Inc. has a 12-month low of $29.75 and a 12-month high of $61.16.

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 analysts’ consensus estimates 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 net margin of 13.04% and a return on equity of 45.39%. Chipotle Mexican Grill’s quarterly revenue was up 7.5% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.27 EPS. As a group, equities research analysts forecast that Chipotle Mexican Grill, Inc. will post 1.29 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on CMG shares. Rothschild Redb upgraded Chipotle Mexican Grill from a “hold” rating to a “strong-buy” rating in a report on Wednesday, September 3rd. Stephens lowered their price target on Chipotle Mexican Grill from $48.00 to $35.00 and set an “equal weight” rating for the company in a report on Thursday, October 30th. Mizuho set a $34.00 price target on shares of Chipotle Mexican Grill in a research note on Thursday, October 30th. Morgan Stanley lowered their target price on shares of Chipotle Mexican Grill from $59.00 to $50.00 and set an “overweight” rating for the company in a report on Thursday, October 30th. Finally, Evercore ISI reaffirmed an “outperform” rating and issued a $45.00 target price on shares of Chipotle Mexican Grill in a research report on Friday, December 19th. Two analysts have rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating, eleven have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average 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.