Chipotle Mexican Grill, Inc. $CMG Shares Sold by Weiss Asset Management LP

Weiss Asset Management LP decreased its holdings in Chipotle Mexican Grill, Inc. (NYSE:CMG) by 15.6% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 122,981 shares of the restaurant operator’s stock after selling 22,647 shares during the quarter. Weiss Asset Management LP’s holdings in Chipotle Mexican Grill were worth $3,937,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Wealth Watch Advisors INC purchased a new position in shares of Chipotle Mexican Grill during the 3rd quarter worth about $25,000. MV Capital Management Inc. acquired a new position in shares of Chipotle Mexican Grill in the 4th quarter valued at $26,000. Osbon Capital Management LLC purchased a new stake in shares of Chipotle Mexican Grill during the 4th quarter valued at $28,000. Merkkuri Wealth Advisors LLC purchased a new stake in shares of Chipotle Mexican Grill during the 1st quarter valued at $28,000. Finally, Ankerstar Wealth LLC acquired a new stake in shares of Chipotle Mexican Grill during the 4th quarter worth $33,000. Institutional investors and hedge funds own 91.30% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have commented on the company. Raymond James Financial dropped their price target on Chipotle Mexican Grill from $43.00 to $41.00 and set an “outperform” rating for the company in a research note on Tuesday, April 21st. TD Cowen reiterated a “buy” rating and set a $44.00 target price on shares of Chipotle Mexican Grill in a report on Thursday, April 30th. Morgan Stanley set a $37.00 target price on shares of Chipotle Mexican Grill and gave the stock an “equal weight” rating in a research report on Wednesday, June 3rd. Argus upgraded shares of Chipotle Mexican Grill from a “hold” rating to a “buy” rating and set a $40.00 price target on the stock in a report on Tuesday, May 5th. Finally, Guggenheim reduced their price target on shares of Chipotle Mexican Grill from $36.00 to $35.00 and set a “neutral” rating on the stock in a research report on Friday, May 1st. Twenty-three research analysts have rated the stock with a Buy rating, nine 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 an average rating of “Moderate Buy” and a consensus price target of $43.86.

Chipotle Mexican Grill Price Performance

Shares of Chipotle Mexican Grill stock opened at $31.79 on Monday. The business has a 50-day moving average of $32.62 and a 200-day moving average of $34.72. The company has a market capitalization of $40.78 billion, a PE ratio of 29.17, a P/E/G ratio of 2.08 and a beta of 0.97. Chipotle Mexican Grill, Inc. has a 1-year low of $28.03 and a 1-year high of $47.18.

Chipotle Mexican Grill (NYSE:CMG) last announced its earnings results on Wednesday, April 29th. The restaurant operator reported $0.24 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.24. Chipotle Mexican Grill had a return on equity of 49.64% and a net margin of 11.96%.The business had revenue of $3.09 billion for the quarter, compared to analyst estimates of $3.07 billion. During the same period in the previous year, the company earned $0.29 earnings per share. The company’s revenue for the quarter was up 7.4% compared to the same quarter last year. On average, equities analysts expect that Chipotle Mexican Grill, Inc. will post 1.13 earnings per share for the current fiscal year.

About Chipotle Mexican Grill

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.