Chipotle Mexican Grill, Inc. $CMG Shares Sold by ING Groep NV

ING Groep NV lessened its holdings in Chipotle Mexican Grill, Inc. (NYSE:CMG) by 25.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 187,165 shares of the restaurant operator’s stock after selling 64,860 shares during the quarter. ING Groep NV’s holdings in Chipotle Mexican Grill were worth $6,925,000 at the end of the most recent reporting period.

Several other institutional investors have also recently modified their holdings of the company. Vanguard Group Inc. raised its stake in shares of Chipotle Mexican Grill by 14.8% in the fourth quarter. Vanguard Group Inc. now owns 144,588,220 shares of the restaurant operator’s stock worth $5,349,764,000 after purchasing an additional 18,660,882 shares during the last quarter. Capital World Investors raised its stake in shares of Chipotle Mexican Grill by 15.8% in the fourth quarter. Capital World Investors now owns 101,688,010 shares of the restaurant operator’s stock worth $3,762,457,000 after purchasing an additional 13,843,222 shares during the last quarter. Capital International Investors raised its stake in shares of Chipotle Mexican Grill by 17.7% in the fourth quarter. Capital International Investors now owns 45,294,212 shares of the restaurant operator’s stock worth $1,675,895,000 after purchasing an additional 6,796,285 shares during the last quarter. Norges Bank purchased a new position in shares of Chipotle Mexican Grill in the fourth quarter worth about $711,837,000. Finally, Sustainable Growth Advisers LP raised its stake in shares of Chipotle Mexican Grill by 17.5% in the third quarter. Sustainable Growth Advisers LP now owns 12,495,638 shares of the restaurant operator’s stock worth $489,704,000 after purchasing an additional 1,862,855 shares during the last quarter. 91.30% of the stock is currently owned by hedge funds and other institutional investors.

Chipotle Mexican Grill Trading Down 0.2%

Chipotle Mexican Grill stock opened at $29.27 on Tuesday. Chipotle Mexican Grill, Inc. has a 12 month low of $28.03 and a 12 month high of $58.42. The stock’s 50 day simple moving average is $32.81 and its two-hundred day simple moving average is $35.22. The firm has a market cap of $37.55 billion, a PE ratio of 26.86, a P/E/G ratio of 1.89 and a beta of 0.99.

Chipotle Mexican Grill (NYSE:CMG) last released its quarterly earnings data on Wednesday, April 29th. The restaurant operator reported $0.24 EPS for the quarter, hitting the consensus estimate 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 quarter in the prior year, the firm posted $0.29 EPS. The business’s quarterly revenue was up 7.4% compared to the same quarter last year. On average, equities research analysts forecast that Chipotle Mexican Grill, Inc. will post 1.13 EPS for the current year.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on CMG. Stifel Nicolaus restated a “buy” rating on shares of Chipotle Mexican Grill in a research note on Monday, March 9th. TD Cowen restated a “buy” rating and issued a $44.00 price objective on shares of Chipotle Mexican Grill in a research note on Thursday, April 30th. Royal Bank Of Canada restated an “outperform” rating and issued a $45.00 price objective on shares of Chipotle Mexican Grill in a research note on Thursday, April 30th. Mizuho upgraded Chipotle Mexican Grill from a “neutral” rating to an “outperform” rating and raised their price objective for the stock from $37.00 to $40.00 in a research note on Friday, March 20th. Finally, DA Davidson began coverage on Chipotle Mexican Grill in a research note on Friday, March 6th. They issued a “buy” rating and a $51.00 price objective for the company. Twenty-four research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $45.48.

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.