Chipotle Mexican Grill, Inc. $CMG Stock Holdings Decreased by Duncker Streett & Co. Inc.

Duncker Streett & Co. Inc. lowered its position in shares of Chipotle Mexican Grill, Inc. (NYSE:CMGFree Report) by 77.6% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 10,625 shares of the restaurant operator’s stock after selling 36,905 shares during the quarter. Duncker Streett & Co. Inc.’s holdings in Chipotle Mexican Grill were worth $416,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Operose Advisors LLC acquired a new stake in Chipotle Mexican Grill during the 2nd quarter valued at $25,000. Salomon & Ludwin LLC purchased a new position in shares of Chipotle Mexican Grill during the third quarter valued at $26,000. 1248 Management LLC purchased a new position in shares of Chipotle Mexican Grill during the first quarter valued at $27,000. Signature Resources Capital Management LLC acquired a new position in Chipotle Mexican Grill during the second quarter valued at $28,000. Finally, Lavaca Capital LLC purchased a new stake in Chipotle Mexican Grill in the 2nd quarter worth about $28,000. Institutional investors and hedge funds own 91.30% of the company’s stock.

Analysts Set New Price Targets

CMG has been the topic of several research analyst reports. Northcoast Research cut Chipotle Mexican Grill from a “buy” rating to a “neutral” rating in a research note on Friday, October 31st. Royal Bank Of Canada reduced their price target on shares of Chipotle Mexican Grill from $58.00 to $40.00 and set an “outperform” rating for the company in a research report on Thursday, October 30th. TD Cowen lowered their price objective on shares of Chipotle Mexican Grill from $45.00 to $40.00 and set a “buy” rating on the stock in a research report on Thursday, October 30th. The Goldman Sachs Group reiterated a “buy” rating on shares of Chipotle Mexican Grill in a research note on Thursday, December 18th. Finally, Morgan Stanley cut 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 research report on Thursday, October 30th. Two analysts have rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating and twelve have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Chipotle Mexican Grill presently has a consensus rating of “Moderate Buy” and a consensus target price of $49.93.

Read Our Latest Stock Report on Chipotle Mexican Grill

Chipotle Mexican Grill News Roundup

Here are the key news stories impacting Chipotle Mexican Grill this week:

Chipotle Mexican Grill Stock Up 0.8%

NYSE CMG opened at $39.16 on Friday. The stock has a market capitalization of $51.78 billion, a PE ratio of 34.66, a price-to-earnings-growth ratio of 3.79 and a beta of 0.97. Chipotle Mexican Grill, Inc. has a 12-month low of $29.75 and a 12-month high of $59.57. The company has a 50 day moving average price of $34.40 and a two-hundred day moving average price of $41.15.

Chipotle Mexican Grill (NYSE:CMGGet Free Report) last announced its quarterly earnings results on Wednesday, October 29th. The restaurant operator reported $0.29 EPS 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 for the quarter, compared to analyst estimates of $3.06 billion. During the same quarter in the prior year, the business posted $0.27 EPS. Chipotle Mexican Grill’s quarterly revenue was up 7.5% on a year-over-year basis. As a group, equities analysts anticipate that Chipotle Mexican Grill, Inc. will post 1.29 EPS for the current year.

About Chipotle Mexican Grill

(Free Report)

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.

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Institutional Ownership by Quarter for Chipotle Mexican Grill (NYSE:CMG)

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