Savant Capital LLC Sells 55,573 Shares of Chipotle Mexican Grill, Inc. $CMG

Savant Capital LLC trimmed its stake in Chipotle Mexican Grill, Inc. (NYSE:CMG) by 66.2% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 28,354 shares of the restaurant operator’s stock after selling 55,573 shares during the period. Savant Capital LLC’s holdings in Chipotle Mexican Grill were worth $1,111,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the stock. Vanguard Group Inc. raised its position in shares of Chipotle Mexican Grill by 0.8% in the second quarter. Vanguard Group Inc. now owns 123,457,125 shares of the restaurant operator’s stock valued at $6,932,118,000 after purchasing an additional 993,798 shares during the period. Alliancebernstein L.P. boosted its holdings in shares of 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 period. Geode Capital Management LLC grew its stake in Chipotle Mexican Grill by 1.1% in the 2nd quarter. Geode Capital Management LLC now owns 29,659,508 shares of the restaurant operator’s stock valued at $1,657,193,000 after buying an additional 325,926 shares during the last quarter. American Century Companies Inc. raised its holdings in Chipotle Mexican Grill by 2.9% in the 2nd 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 period. Finally, Norges Bank bought a new position in Chipotle Mexican Grill in the 2nd quarter worth $1,001,668,000. Institutional investors own 91.30% of the company’s stock.

Chipotle Mexican Grill Stock Performance

NYSE:CMG opened at $38.43 on Wednesday. The company has a 50-day moving average of $37.98 and a 200-day moving average of $38.59. Chipotle Mexican Grill, Inc. has a 52 week low of $29.75 and a 52 week high of $58.42. The company has a market capitalization of $50.05 billion, a price-to-earnings ratio of 33.71, a PEG ratio of 2.42 and a beta of 0.99.

Chipotle Mexican Grill (NYSE:CMG) last posted its quarterly 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. The firm had revenue of $2.98 billion during the quarter, compared to analyst estimates of $2.96 billion. Chipotle Mexican Grill had a net margin of 12.88% and a return on equity of 47.99%. The company’s quarterly revenue was up 4.9% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.25 earnings per share. Sell-side analysts forecast that Chipotle Mexican Grill, Inc. will post 1.29 EPS for the current year.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the stock. TD Cowen restated a “buy” rating and set a $44.00 price target on shares of Chipotle Mexican Grill in a report on Wednesday, February 4th. Piper Sandler cut their price objective on Chipotle Mexican Grill from $47.00 to $44.00 and set an “overweight” rating for the company in a research report on Wednesday, February 4th. Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a $48.00 target price on shares of Chipotle Mexican Grill in a research note on Wednesday, February 4th. Barclays dropped their price target on Chipotle Mexican Grill from $44.00 to $40.00 and set an “equal weight” rating on the stock in a research report on Wednesday, February 4th. Finally, BTIG Research reissued a “buy” rating and issued a $45.00 price objective on shares of Chipotle Mexican Grill in a research report on Wednesday, February 4th. 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. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target 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.