Aberdeen Group plc Reduces Stock Holdings in Chipotle Mexican Grill, Inc. $CMG

Aberdeen Group plc reduced its holdings in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) by 2.8% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 976,085 shares of the restaurant operator’s stock after selling 27,682 shares during the period. Aberdeen Group plc owned about 0.07% of Chipotle Mexican Grill worth $38,946,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in CMG. Operose Advisors LLC purchased a new stake in Chipotle Mexican Grill during the second quarter valued at $25,000. Salomon & Ludwin LLC purchased a new stake in shares of Chipotle Mexican Grill in the third quarter worth approximately $26,000. Lavaca Capital LLC bought a new stake in shares of Chipotle Mexican Grill during the second quarter worth $28,000. Steigerwald Gordon & Koch Inc. bought a new stake in Chipotle Mexican Grill during the 3rd quarter valued at about $29,000. Finally, Murphy & Mullick Capital Management Corp boosted its holdings in shares of Chipotle Mexican Grill by 106.7% in the third quarter. Murphy & Mullick Capital Management Corp now owns 775 shares of the restaurant operator’s stock valued at $30,000 after purchasing an additional 400 shares during the period. Institutional investors own 91.30% of the company’s stock.

Chipotle Mexican Grill Trading Up 1.2%

NYSE CMG opened at $36.28 on Tuesday. Chipotle Mexican Grill, Inc. has a twelve month low of $29.75 and a twelve month high of $58.42. The stock has a market cap of $47.25 billion, a PE ratio of 31.82, a P/E/G ratio of 2.22 and a beta of 0.99. The stock has a fifty day simple moving average of $38.19 and a 200-day simple moving average of $38.38.

Chipotle Mexican Grill (NYSE:CMG) last released its earnings results on Tuesday, February 3rd. The restaurant operator reported $0.25 earnings per share 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 company had revenue of $2.98 billion during the quarter, compared to the consensus estimate of $2.96 billion. During the same period in the previous year, the company posted $0.25 EPS. Chipotle Mexican Grill’s revenue was up 4.9% compared to the same quarter last year. Research analysts predict that Chipotle Mexican Grill, Inc. will post 1.29 EPS for the current year.

Wall Street Analyst Weigh In

CMG has been the topic of a number of recent research reports. Stephens reiterated an “equal weight” rating and set a $35.00 price objective on shares of Chipotle Mexican Grill in a research note on Wednesday, February 4th. Citigroup increased their price objective on shares of Chipotle Mexican Grill from $48.00 to $49.00 and gave the company a “buy” rating in a research report on Wednesday, February 4th. Northcoast Research lowered Chipotle Mexican Grill from a “buy” rating to a “neutral” rating in a report on Friday, October 31st. Morgan Stanley decreased their target price on shares of Chipotle Mexican Grill from $50.00 to $49.00 and set an “overweight” rating for the company in a research report on Wednesday, February 4th. Finally, Sanford C. Bernstein upped their price objective on Chipotle Mexican Grill from $40.00 to $50.00 and gave the stock an “outperform” rating in a research report on Monday, January 5th. Twenty-two research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, Chipotle Mexican Grill presently has an average rating of “Moderate Buy” and an average target price 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.