Chipotle Mexican Grill, Inc. $CMG Holdings Cut by Fifth Third Bancorp

Fifth Third Bancorp decreased its position in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) by 28.4% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 533,523 shares of the restaurant operator’s stock after selling 211,408 shares during the period. Fifth Third Bancorp’s holdings in Chipotle Mexican Grill were worth $20,909,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of CMG. Operose Advisors LLC bought a new stake in shares of Chipotle Mexican Grill in the 2nd quarter worth approximately $25,000. Salomon & Ludwin LLC bought a new position in Chipotle Mexican Grill in the third quarter valued at about $26,000. Lavaca Capital LLC acquired a new stake in Chipotle Mexican Grill in the second quarter worth about $28,000. Steigerwald Gordon & Koch Inc. bought a new stake in Chipotle Mexican Grill during the 3rd quarter worth about $29,000. Finally, Murphy & Mullick Capital Management Corp lifted its position in Chipotle Mexican Grill by 106.7% during the 3rd 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 Price Performance

Shares of NYSE:CMG opened at $36.28 on Tuesday. The company’s 50-day moving average price is $38.19 and its two-hundred day moving average price is $38.38. Chipotle Mexican Grill, Inc. has a one year low of $29.75 and a one year high of $58.42. The stock has a market capitalization of $47.25 billion, a PE 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 released its earnings results on Tuesday, February 3rd. The restaurant operator reported $0.25 earnings per share (EPS) for the quarter, topping 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 analyst estimates of $2.96 billion. During the same quarter in the prior year, the company posted $0.25 earnings per share. Chipotle Mexican Grill’s revenue was up 4.9% on a year-over-year basis. On average, analysts anticipate that Chipotle Mexican Grill, Inc. will post 1.29 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts have recently commented on the stock. Weiss Ratings reiterated a “hold (c-)” rating on shares of Chipotle Mexican Grill in a research report on Monday, December 29th. Stifel Nicolaus cut 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 report on Wednesday, February 4th. The Goldman Sachs Group reissued a “buy” rating on shares of Chipotle Mexican Grill in a research note on Thursday, December 18th. BTIG Research reaffirmed a “buy” rating and set a $45.00 price objective on shares of Chipotle Mexican Grill in a research note on Wednesday, February 4th. Finally, KeyCorp lowered their price target on Chipotle Mexican Grill from $45.00 to $42.00 and set an “overweight” rating for the company in a report 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 issued a Sell rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $47.24.

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.