Banco Bilbao Vizcaya Argentaria S.A. Sells 93,552 Shares of Chipotle Mexican Grill, Inc. $CMG

Banco Bilbao Vizcaya Argentaria S.A. cut its holdings in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) by 28.6% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 233,751 shares of the restaurant operator’s stock after selling 93,552 shares during the quarter. Banco Bilbao Vizcaya Argentaria S.A.’s holdings in Chipotle Mexican Grill were worth $9,147,000 at the end of the most recent reporting period.

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

Chipotle Mexican Grill Stock Up 4.6%

NYSE CMG opened at $34.03 on Tuesday. The company’s 50 day moving average is $37.94 and its 200-day moving average is $37.44. Chipotle Mexican Grill, Inc. has a 12-month low of $29.75 and a 12-month high of $58.42. The firm has a market cap of $44.32 billion, a P/E ratio of 29.85, a price-to-earnings-growth ratio of 2.00 and a beta of 1.00.

Chipotle Mexican Grill (NYSE:CMG) last announced its quarterly earnings results on Tuesday, February 3rd. The restaurant operator reported $0.25 EPS for the quarter, beating analysts’ consensus estimates of $0.24 by $0.01. The company had revenue of $2.98 billion for the quarter, compared to analysts’ expectations of $2.96 billion. Chipotle Mexican Grill had a net margin of 12.88% and a return on equity of 47.99%. Chipotle Mexican Grill’s revenue 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. Equities analysts expect that Chipotle Mexican Grill, Inc. will post 1.29 EPS for the current year.

Analyst Upgrades and Downgrades

CMG has been the subject of a number of research reports. Citigroup increased their target price 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. Gordon Haskett cut shares of Chipotle Mexican Grill from a “strong-buy” rating to a “hold” rating in a report on Thursday, January 8th. Stephens reiterated an “equal weight” rating and issued a $35.00 price objective on shares of Chipotle Mexican Grill 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, Barclays decreased their target price on Chipotle Mexican Grill from $44.00 to $40.00 and set an “equal weight” rating for the company in a research report on Wednesday, February 4th. Twenty-three analysts have rated the stock with a Buy rating, eleven have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, Chipotle Mexican Grill currently has an average rating of “Moderate Buy” and a consensus target price of $47.37.

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.