Chipotle Mexican Grill, Inc. $CMG Shares Sold by Federated Hermes Inc.

Federated Hermes Inc. reduced its stake in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) by 29.3% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 906,304 shares of the restaurant operator’s stock after selling 376,147 shares during the period. Federated Hermes Inc. owned 0.07% of Chipotle Mexican Grill worth $35,518,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in CMG. Ascent Group LLC boosted its stake in Chipotle Mexican Grill by 3.5% during the second quarter. Ascent Group LLC now owns 5,752 shares of the restaurant operator’s stock worth $323,000 after buying an additional 193 shares during the last quarter. Quent Capital LLC boosted its position in shares of Chipotle Mexican Grill by 2.0% during the 2nd quarter. Quent Capital LLC now owns 10,555 shares of the restaurant operator’s stock valued at $593,000 after acquiring an additional 208 shares during the last quarter. Revolve Wealth Partners LLC boosted its position in shares of Chipotle Mexican Grill by 4.7% during the 4th quarter. Revolve Wealth Partners LLC now owns 4,804 shares of the restaurant operator’s stock valued at $290,000 after acquiring an additional 214 shares during the last quarter. Trueblood Wealth Management LLC grew its holdings in shares of Chipotle Mexican Grill by 4.6% in the third quarter. Trueblood Wealth Management LLC now owns 5,703 shares of the restaurant operator’s stock valued at $224,000 after purchasing an additional 253 shares during the period. Finally, Capital Advisors Ltd. LLC increased its position in Chipotle Mexican Grill by 7.9% during the second quarter. Capital Advisors Ltd. LLC now owns 3,454 shares of the restaurant operator’s stock worth $194,000 after purchasing an additional 254 shares during the last quarter. Institutional investors and hedge funds own 91.30% of the company’s stock.

Analyst Ratings Changes

CMG has been the topic of several recent analyst reports. Truist Financial boosted their target price on shares of Chipotle Mexican Grill from $45.00 to $50.00 and gave the company a “buy” rating in a report on Thursday, January 8th. Zacks Research upgraded Chipotle Mexican Grill from a “strong sell” rating to a “hold” rating in a report on Monday, December 29th. Robert W. Baird lowered their price objective on Chipotle Mexican Grill from $59.00 to $49.00 and set an “outperform” rating for the company in a research report on Friday, October 10th. KeyCorp reduced their target price on Chipotle Mexican Grill from $52.00 to $45.00 and set an “overweight” rating on the stock in a research report on Thursday, October 30th. Finally, TD Cowen reaffirmed a “buy” rating on shares of Chipotle Mexican Grill in a research note on Monday, January 5th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating and thirteen have given a Hold rating to the stock. According to data from MarketBeat.com, Chipotle Mexican Grill has an average rating of “Moderate Buy” and an average target price of $50.23.

Chipotle Mexican Grill Trading Down 0.2%

CMG opened at $39.09 on Friday. The stock’s 50-day moving average price is $37.08 and its 200 day moving average price is $39.50. Chipotle Mexican Grill, Inc. has a 12-month low of $29.75 and a 12-month high of $59.57. The firm has a market cap of $51.68 billion, a price-to-earnings ratio of 34.59, a PEG ratio of 3.53 and a beta of 0.97.

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

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.