Chipotle Mexican Grill, Inc. $CMG Shares Sold by Assetmark Inc.

Assetmark Inc. cut its holdings in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) by 12.7% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 498,450 shares of the restaurant operator’s stock after selling 72,281 shares during the quarter. Assetmark Inc.’s holdings in Chipotle Mexican Grill were worth $19,534,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Operose Advisors LLC bought a new stake in shares of Chipotle Mexican Grill in the second quarter worth $25,000. Lavaca Capital LLC acquired a new position in Chipotle Mexican Grill during the 2nd quarter worth $28,000. Twin Peaks Wealth Advisors LLC acquired a new position in Chipotle Mexican Grill during the 2nd quarter worth $34,000. Evolution Wealth Management Inc. bought a new stake in shares of Chipotle Mexican Grill in the 2nd quarter worth about $34,000. Finally, Salomon & Ludwin LLC acquired a new stake in shares of Chipotle Mexican Grill in the 3rd quarter valued at about $26,000. 91.30% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the company. Stifel Nicolaus decreased their price target on Chipotle Mexican Grill from $50.00 to $45.00 and set a “buy” rating for the company in a research note on Wednesday, February 4th. Citigroup lifted their target price on Chipotle Mexican Grill from $48.00 to $49.00 and gave the stock a “buy” rating in a research report on Wednesday, February 4th. UBS Group reiterated a “buy” rating on shares of Chipotle Mexican Grill in a report on Monday, January 26th. Northcoast Research downgraded shares of Chipotle Mexican Grill from a “buy” rating to a “neutral” rating in a report on Friday, October 31st. Finally, Morgan Stanley dropped 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 report on Wednesday, February 4th. Twenty-two research analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $47.24.

Chipotle Mexican Grill Trading Up 1.2%

NYSE CMG opened at $36.28 on Friday. The company has a 50-day moving average price of $38.13 and a two-hundred day moving average price of $38.46. Chipotle Mexican Grill, Inc. has a 52 week low of $29.75 and a 52 week high of $58.42. The stock has a market cap of $47.25 billion, a price-to-earnings ratio of 31.82, a price-to-earnings-growth ratio of 2.22 and a beta of 0.99.

Chipotle Mexican Grill (NYSE:CMG) last issued its quarterly earnings data on Tuesday, February 3rd. The restaurant operator reported $0.25 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.24 by $0.01. The business had revenue of $2.98 billion during the quarter, compared to analyst estimates of $2.96 billion. Chipotle Mexican Grill had a return on equity of 47.99% and a net margin of 12.88%.The business’s revenue for the quarter was up 4.9% compared to the same quarter last year. During the same period in the prior year, the company posted $0.25 EPS. As a group, equities research analysts expect that Chipotle Mexican Grill, Inc. will post 1.29 earnings per share for the current fiscal year.

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.