ABN Amro Investment Solutions Reduces Stock Position in Chipotle Mexican Grill, Inc. $CMG

ABN Amro Investment Solutions reduced its holdings in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) by 15.3% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 114,215 shares of the restaurant operator’s stock after selling 20,566 shares during the quarter. ABN Amro Investment Solutions’ holdings in Chipotle Mexican Grill were worth $4,476,000 as of its most recent filing with the SEC.

Other hedge funds also recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its holdings in shares of Chipotle Mexican Grill by 0.8% during the second quarter. Vanguard Group Inc. now owns 123,457,125 shares of the restaurant operator’s stock worth $6,932,118,000 after purchasing an additional 993,798 shares during the last quarter. Alliancebernstein L.P. grew its stake in Chipotle Mexican Grill by 1.9% during the 2nd 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 during the last quarter. Geode Capital Management LLC increased 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 worth $1,657,193,000 after buying an additional 325,926 shares during the period. American Century Companies Inc. grew its position 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 during the last quarter. Finally, Norges Bank acquired a new position in shares of Chipotle Mexican Grill in the 2nd quarter valued at $1,001,668,000. 91.30% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on the stock. Piper Sandler reduced their target price on shares of Chipotle Mexican Grill from $47.00 to $44.00 and set an “overweight” rating for the company in a report on Wednesday, February 4th. Raymond James Financial increased their price objective on Chipotle Mexican Grill from $40.00 to $45.00 and gave the stock an “outperform” rating in a research report on Wednesday, January 21st. Sanford C. Bernstein increased their price target on Chipotle Mexican Grill from $40.00 to $50.00 and gave the stock an “outperform” rating in a report on Monday, January 5th. Citigroup raised their target price on shares of Chipotle Mexican Grill from $48.00 to $49.00 and gave the stock a “buy” rating in a research note on Wednesday, February 4th. Finally, Stifel Nicolaus dropped their price target on shares of Chipotle Mexican Grill from $50.00 to $45.00 and set a “buy” rating on the stock in a research note on Wednesday, February 4th. Twenty-two research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $47.24.

Chipotle Mexican Grill Price Performance

CMG opened at $36.28 on Monday. 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 P/E ratio of 31.82, a P/E/G ratio of 2.22 and a beta of 0.99. The stock’s 50 day simple moving average is $38.13 and its 200 day simple moving average is $38.42.

Chipotle Mexican Grill (NYSE:CMG) last posted its earnings results on Tuesday, February 3rd. The restaurant operator reported $0.25 EPS for the quarter, topping analysts’ consensus estimates of $0.24 by $0.01. The company had revenue of $2.98 billion for the quarter, compared to the consensus estimate 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 quarterly revenue was up 4.9% compared to the same quarter last year. During the same period in the previous year, the business earned $0.25 earnings per share. Research analysts expect 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.