Hantz Financial Services Inc. Reduces Position in Chipotle Mexican Grill, Inc. $CMG

Hantz Financial Services Inc. lessened its stake in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) by 45.3% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 23,789 shares of the restaurant operator’s stock after selling 19,737 shares during the quarter. Hantz Financial Services Inc.’s holdings in Chipotle Mexican Grill were worth $932,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. Sarasin & Partners LLP lifted its stake in shares of Chipotle Mexican Grill by 1.1% during the third quarter. Sarasin & Partners LLP now owns 2,565,111 shares of the restaurant operator’s stock worth $102,348,000 after purchasing an additional 27,366 shares in the last quarter. Rexford Capital Inc. raised its holdings in shares of Chipotle Mexican Grill by 3,266.1% during the 3rd quarter. Rexford Capital Inc. now owns 14,676 shares of the restaurant operator’s stock valued at $575,000 after buying an additional 14,240 shares during the period. Union Bancaire Privee UBP SA lifted its position in Chipotle Mexican Grill by 76.3% during the 3rd quarter. Union Bancaire Privee UBP SA now owns 356,986 shares of the restaurant operator’s stock worth $13,333,000 after acquiring an additional 154,512 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. lifted its position 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 acquiring an additional 171,466 shares in the last quarter. Finally, Dillon & Associates Inc. boosted its holdings in Chipotle Mexican Grill by 5.1% in the 2nd quarter. Dillon & Associates Inc. now owns 287,433 shares of the restaurant operator’s stock worth $16,096,000 after acquiring an additional 14,037 shares during the period. 91.30% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research analysts have recently commented on CMG shares. Evercore reissued an “outperform” rating and set a $45.00 target price on shares of Chipotle Mexican Grill in a research report on Friday, December 19th. Telsey Advisory Group dropped their price target on shares of Chipotle Mexican Grill from $50.00 to $48.00 and set an “outperform” rating on the stock in a research note on Wednesday. Mizuho decreased their price objective on shares of Chipotle Mexican Grill from $38.00 to $37.00 and set a “neutral” rating for the company in a research report on Wednesday. Morgan Stanley lowered their target price on Chipotle Mexican Grill from $50.00 to $49.00 and set an “overweight” rating for the company in a research note on Wednesday. Finally, BMO Capital Markets reiterated an “outperform” rating on shares of Chipotle Mexican Grill in a research note on Thursday, October 30th. Twenty-two equities research analysts have rated the stock with a Buy rating and twelve have given a Hold rating to the stock. According to MarketBeat.com, Chipotle Mexican Grill currently has an average rating of “Moderate Buy” and an average target price of $47.24.

Chipotle Mexican Grill Stock Performance

NYSE:CMG opened at $39.42 on Friday. The company has a market capitalization of $51.34 billion, a price-to-earnings ratio of 34.58, a price-to-earnings-growth ratio of 2.47 and a beta of 0.99. Chipotle Mexican Grill, Inc. has a one year low of $29.75 and a one year high of $59.09. The stock has a 50-day simple moving average of $37.79 and a 200 day simple moving average of $38.89.

Chipotle Mexican Grill (NYSE:CMG) last announced its quarterly earnings data on Tuesday, February 3rd. The restaurant operator reported $0.25 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.24 by $0.01. The firm had revenue of $2.98 billion for the quarter, compared to analysts’ expectations of $2.96 billion. Chipotle Mexican Grill had a return on equity of 47.99% and a net margin of 12.88%.Chipotle Mexican Grill’s revenue for the quarter was up 4.9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.25 earnings per share. On average, equities research analysts forecast that Chipotle Mexican Grill, Inc. will post 1.29 EPS for the current fiscal 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.