Martin Currie Ltd. Sells 14,098 Shares of Chipotle Mexican Grill, Inc. $CMG

Martin Currie Ltd. decreased its stake in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) by 2.4% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 585,342 shares of the restaurant operator’s stock after selling 14,098 shares during the quarter. Chipotle Mexican Grill comprises about 1.3% of Martin Currie Ltd.’s portfolio, making the stock its 26th biggest holding. Martin Currie Ltd.’s holdings in Chipotle Mexican Grill were worth $32,867,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in CMG. Revolve Wealth Partners LLC grew its holdings in Chipotle Mexican Grill by 4.7% during the fourth quarter. Revolve Wealth Partners LLC now owns 4,804 shares of the restaurant operator’s stock worth $290,000 after purchasing an additional 214 shares during the period. Bison Wealth LLC bought a new stake in Chipotle Mexican Grill in the fourth quarter valued at approximately $224,000. J.W. Cole Advisors Inc. lifted its position in shares of Chipotle Mexican Grill by 23.3% in the first quarter. J.W. Cole Advisors Inc. now owns 21,000 shares of the restaurant operator’s stock valued at $1,054,000 after buying an additional 3,971 shares during the last quarter. Bank Julius Baer & Co. Ltd Zurich boosted its stake in shares of Chipotle Mexican Grill by 201.5% during the 1st quarter. Bank Julius Baer & Co. Ltd Zurich now owns 39,819 shares of the restaurant operator’s stock worth $1,999,000 after acquiring an additional 26,613 shares during the period. Finally, Wedbush Securities Inc. boosted its stake in shares of Chipotle Mexican Grill by 22.7% during the 1st quarter. Wedbush Securities Inc. now owns 49,510 shares of the restaurant operator’s stock worth $2,486,000 after acquiring an additional 9,147 shares during the period. 91.30% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the company. Robert W. Baird dropped their price target on Chipotle Mexican Grill from $59.00 to $49.00 and set an “outperform” rating on the stock in a research note on Friday, October 10th. Jefferies Financial Group decreased their price objective on shares of Chipotle Mexican Grill from $48.00 to $44.00 and set a “hold” rating on the stock in a report on Monday, October 13th. Stifel Nicolaus cut their target price on shares of Chipotle Mexican Grill from $65.00 to $60.00 and set a “buy” rating for the company in a research note on Tuesday, September 9th. Mizuho set a $34.00 target price on shares of Chipotle Mexican Grill in a report on Thursday, October 30th. Finally, Truist Financial lowered their price target on shares of Chipotle Mexican Grill from $53.00 to $45.00 and set a “buy” rating on the stock in a report on Thursday, October 30th. Two analysts have rated the stock with a Strong Buy rating, twenty-two have given a Buy rating, eleven have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $49.81.

Chipotle Mexican Grill Price Performance

Shares of NYSE CMG opened at $30.36 on Friday. The business has a fifty day moving average price of $37.49 and a two-hundred day moving average price of $44.88. The stock has a market capitalization of $40.14 billion, a PE ratio of 26.87, a P/E/G ratio of 2.65 and a beta of 0.98. Chipotle Mexican Grill, Inc. has a fifty-two week low of $29.75 and a fifty-two week high of $66.74.

Chipotle Mexican Grill (NYSE:CMG) last issued its quarterly earnings results on Wednesday, October 29th. The restaurant operator reported $0.29 EPS for the quarter, hitting analysts’ consensus estimates of $0.29. The company had revenue of $3 billion for the quarter, compared to analysts’ expectations of $3.06 billion. Chipotle Mexican Grill had a return on equity of 44.32% and a net margin of 13.04%.Chipotle Mexican Grill’s revenue was up 7.5% on a year-over-year basis. During the same quarter last year, the business earned $0.27 earnings per share. On average, equities analysts expect that Chipotle Mexican Grill, Inc. will post 1.29 EPS for the current year.

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.