Blue Square Asset Management LLC Sells 41,159 Shares of Chipotle Mexican Grill, Inc. $CMG

Blue Square Asset Management LLC lessened its position in Chipotle Mexican Grill, Inc. (NYSE:CMG) by 88.6% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 5,284 shares of the restaurant operator’s stock after selling 41,159 shares during the quarter. Blue Square Asset Management LLC’s holdings in Chipotle Mexican Grill were worth $207,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also added to or reduced their stakes in the company. Vanguard Group Inc. increased its position in shares of Chipotle Mexican Grill by 0.8% during the 2nd quarter. Vanguard Group Inc. now owns 123,457,125 shares of the restaurant operator’s stock valued at $6,932,118,000 after purchasing an additional 993,798 shares during the last quarter. Alliancebernstein L.P. boosted its stake in Chipotle Mexican Grill by 1.9% in the second quarter. Alliancebernstein L.P. now owns 33,111,508 shares of the restaurant operator’s stock worth $1,859,211,000 after buying an additional 606,190 shares in the last quarter. Geode Capital Management LLC grew its position in Chipotle Mexican Grill by 1.1% during the second quarter. Geode Capital Management LLC now owns 29,659,508 shares of the restaurant operator’s stock valued at $1,657,193,000 after acquiring an additional 325,926 shares during the last quarter. American Century Companies Inc. raised its stake in shares of Chipotle Mexican Grill by 2.9% during the second quarter. American Century Companies Inc. now owns 21,257,666 shares of the restaurant operator’s stock worth $1,193,618,000 after acquiring an additional 595,038 shares in the last quarter. Finally, Norges Bank purchased a new position in shares of Chipotle Mexican Grill during the second quarter worth approximately $1,001,668,000. Hedge funds and other institutional investors own 91.30% of the company’s stock.

Chipotle Mexican Grill Price Performance

Shares of NYSE:CMG opened at $40.26 on Friday. Chipotle Mexican Grill, Inc. has a 1 year low of $29.75 and a 1 year high of $59.57. The company has a market cap of $53.23 billion, a PE ratio of 35.63, a P/E/G ratio of 3.86 and a beta of 0.97. The stock’s 50-day moving average is $35.26 and its 200 day moving average is $40.65.

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

Analyst Upgrades and Downgrades

Several equities analysts recently commented on CMG shares. Wells Fargo & Company reduced their target price on shares of Chipotle Mexican Grill from $55.00 to $45.00 and set an “overweight” rating on the stock in a report on Thursday, October 30th. TD Cowen cut their price target on shares of Chipotle Mexican Grill from $45.00 to $40.00 and set a “buy” rating for the company in a research report on Thursday, October 30th. Raymond James Financial reiterated an “outperform” rating and issued a $40.00 price objective (down previously from $52.00) on shares of Chipotle Mexican Grill in a report on Thursday, October 30th. Gordon Haskett downgraded Chipotle Mexican Grill from a “strong-buy” rating to a “hold” rating in a report on Thursday, January 8th. Finally, Morgan Stanley dropped their target price on Chipotle Mexican Grill from $59.00 to $50.00 and set an “overweight” rating for the company in a report on Thursday, October 30th. Two research analysts have rated the stock with a Strong Buy rating, twenty-three have given a Buy rating and thirteen have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Chipotle Mexican Grill presently has a consensus rating of “Moderate Buy” and an average price target of $50.00.

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.