Conning Inc. Has $502,000 Stock Position in Chipotle Mexican Grill, Inc. $CMG

Conning Inc. lowered its position in Chipotle Mexican Grill, Inc. (NYSE:CMG) by 4.0% in the second quarter, Holdings Channel.com reports. The fund owned 8,938 shares of the restaurant operator’s stock after selling 374 shares during the period. Conning Inc.’s holdings in Chipotle Mexican Grill were worth $502,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of CMG. Summit Place Financial Advisors LLC acquired a new position in shares of Chipotle Mexican Grill in the second quarter valued at $2,595,000. Aberdeen Group plc raised its stake in shares of Chipotle Mexican Grill by 4.5% in the 2nd quarter. Aberdeen Group plc now owns 1,003,767 shares of the restaurant operator’s stock valued at $56,362,000 after buying an additional 43,605 shares in the last quarter. PDS Planning Inc lifted its holdings in shares of Chipotle Mexican Grill by 12.5% during the 2nd quarter. PDS Planning Inc now owns 7,096 shares of the restaurant operator’s stock worth $398,000 after acquiring an additional 788 shares during the period. Blue Trust Inc. lifted its holdings in shares of Chipotle Mexican Grill by 7.5% during the 2nd quarter. Blue Trust Inc. now owns 42,635 shares of the restaurant operator’s stock worth $2,394,000 after acquiring an additional 2,989 shares during the period. Finally, Fourpath Capital Management LLC acquired a new stake in shares of Chipotle Mexican Grill during the 2nd quarter valued at about $212,000. 91.30% of the stock is currently owned by institutional investors.

Chipotle Mexican Grill Stock Performance

Shares of NYSE:CMG opened at $39.86 on Friday. Chipotle Mexican Grill, Inc. has a twelve month low of $38.30 and a twelve month high of $66.74. The firm has a market cap of $53.45 billion, a PE ratio of 35.59, a price-to-earnings-growth ratio of 2.03 and a beta of 0.99. The business has a fifty day moving average of $41.18 and a 200-day moving average of $47.63.

Chipotle Mexican Grill (NYSE:CMG) last issued its quarterly earnings results on Wednesday, July 23rd. The restaurant operator reported $0.33 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.32 by $0.01. The business had revenue of $3.06 billion for the quarter, compared to the consensus estimate of $3.11 billion. Chipotle Mexican Grill had a net margin of 13.32% and a return on equity of 43.50%. The firm’s quarterly revenue was up 3.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.34 EPS. On average, analysts anticipate that Chipotle Mexican Grill, Inc. will post 1.29 EPS for the current fiscal year.

Analyst Ratings Changes

Several research analysts recently issued reports on the stock. TD Cowen reissued a “buy” rating and issued a $58.00 price target on shares of Chipotle Mexican Grill in a research report on Friday, September 19th. TD Securities reissued a “buy” rating and issued a $57.00 target price on shares of Chipotle Mexican Grill in a report on Wednesday, June 18th. KeyCorp cut their target price on Chipotle Mexican Grill from $60.00 to $58.00 and set an “overweight” rating for the company in a research report on Thursday, July 24th. Raymond James Financial lowered their price target on Chipotle Mexican Grill from $60.00 to $56.00 and set an “outperform” rating on the stock in a research report on Friday, August 15th. Finally, BMO Capital Markets raised shares of Chipotle Mexican Grill from a “market perform” rating to an “outperform” rating and upped their target price for the stock from $56.00 to $65.00 in a report on Friday, July 18th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-one have given a Buy rating and nine have given a Hold rating to the company. According to MarketBeat, Chipotle Mexican Grill currently has an average rating of “Moderate Buy” and a consensus target price of $58.93.

About Chipotle Mexican Grill

Chipotle Mexican Grill, Inc, together with its subsidiaries, owns and operates Chipotle Mexican Grill restaurants. It sells food and beverages through offering burritos, burrito bowls, quesadillas, tacos, and salads. The company also provides delivery and related services its app and website. It has operations in the United States, Canada, France, Germany, and the United Kingdom.