Cibc World Market Inc. Has $9.20 Million Stock Holdings in Chipotle Mexican Grill, Inc. $CMG

Cibc World Market Inc. decreased its holdings in Chipotle Mexican Grill, Inc. (NYSE:CMG) by 13.3% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 234,803 shares of the restaurant operator’s stock after selling 35,992 shares during the quarter. Cibc World Market Inc.’s holdings in Chipotle Mexican Grill were worth $9,202,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in CMG. Sarasin & Partners LLP grew its stake in 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 buying an additional 27,366 shares in the last quarter. Rexford Capital Inc. lifted 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 worth $575,000 after acquiring an additional 14,240 shares during the period. Union Bancaire Privee UBP SA boosted its position in shares of 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. increased its stake in Chipotle Mexican Grill by 7.1% in the second quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 2,596,483 shares of the restaurant operator’s stock valued at $145,793,000 after acquiring an additional 171,466 shares during the last quarter. Finally, Dillon & Associates Inc. raised its position in Chipotle Mexican Grill by 5.1% during the second quarter. Dillon & Associates Inc. now owns 287,433 shares of the restaurant operator’s stock valued at $16,096,000 after purchasing an additional 14,037 shares in the last quarter. 91.30% of the stock is owned by institutional investors.

Chipotle Mexican Grill Trading Up 1.2%

Shares of CMG stock opened at $36.28 on Friday. Chipotle Mexican Grill, Inc. has a 1-year low of $29.75 and a 1-year high of $58.42. The stock has a market cap of $47.25 billion, a price-to-earnings ratio of 31.82, a PEG ratio of 2.19 and a beta of 0.99. The stock has a 50-day moving average of $38.13 and a 200-day moving average of $38.50.

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

Analyst Upgrades and Downgrades

CMG has been the topic of several research analyst reports. KeyCorp reduced their price objective on Chipotle Mexican Grill from $45.00 to $42.00 and set an “overweight” rating on the stock in a research note on Wednesday, February 4th. BMO Capital Markets restated an “outperform” rating on shares of Chipotle Mexican Grill in a research note on Thursday, October 30th. Morgan Stanley decreased their target price on shares of Chipotle Mexican Grill from $50.00 to $49.00 and set an “overweight” rating on the stock in a research note on Wednesday, February 4th. Argus reissued a “hold” rating on shares of Chipotle Mexican Grill in a report on Thursday, February 5th. Finally, Zacks Research cut Chipotle Mexican Grill from a “hold” rating to a “strong sell” rating in a report on Friday, February 6th. Twenty-two analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, Chipotle Mexican Grill has an average rating of “Moderate Buy” and a consensus price target of $47.24.

Chipotle Mexican Grill Company 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.