Mirae Asset Global Investments Co. Ltd. Sells 343,101 Shares of Chipotle Mexican Grill, Inc. $CMG

Mirae Asset Global Investments Co. Ltd. cut its holdings in Chipotle Mexican Grill, Inc. (NYSE:CMG) by 66.2% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 175,550 shares of the restaurant operator’s stock after selling 343,101 shares during the period. Mirae Asset Global Investments Co. Ltd.’s holdings in Chipotle Mexican Grill were worth $6,880,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Ascent Group LLC boosted its holdings in Chipotle Mexican Grill by 3.5% in the 2nd quarter. Ascent Group LLC now owns 5,752 shares of the restaurant operator’s stock worth $323,000 after buying an additional 193 shares during the period. Quent Capital LLC lifted its position in shares of Chipotle Mexican Grill by 2.0% during the second quarter. Quent Capital LLC now owns 10,555 shares of the restaurant operator’s stock worth $593,000 after acquiring an additional 208 shares in the last quarter. Revolve Wealth Partners LLC boosted its holdings in shares of Chipotle Mexican Grill by 4.7% in the fourth quarter. Revolve Wealth Partners LLC now owns 4,804 shares of the restaurant operator’s stock worth $290,000 after acquiring an additional 214 shares during the period. Trueblood Wealth Management LLC boosted its holdings in shares of Chipotle Mexican Grill by 4.6% in the third quarter. Trueblood Wealth Management LLC now owns 5,703 shares of the restaurant operator’s stock worth $224,000 after acquiring an additional 253 shares during the period. Finally, Capital Advisors Ltd. LLC grew its position in shares of Chipotle Mexican Grill by 7.9% in the second quarter. Capital Advisors Ltd. LLC now owns 3,454 shares of the restaurant operator’s stock valued at $194,000 after purchasing an additional 254 shares in the last quarter. Hedge funds and other institutional investors own 91.30% of the company’s stock.

Chipotle Mexican Grill Trading Down 0.6%

NYSE CMG opened at $38.85 on Friday. The firm has a market cap of $51.37 billion, a PE ratio of 34.38, a price-to-earnings-growth ratio of 3.52 and a beta of 0.97. Chipotle Mexican Grill, Inc. has a 1-year low of $29.75 and a 1-year high of $59.19. The stock has a 50-day moving average of $37.23 and a 200-day moving average of $39.28.

Chipotle Mexican Grill (NYSE:CMG) last announced 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. Chipotle Mexican Grill had a return on equity of 45.39% and a net margin of 13.04%.The business had revenue of $3 billion for the quarter, compared to analysts’ expectations of $3.06 billion. During the same period in the previous year, the firm earned $0.27 EPS. The business’s quarterly revenue was up 7.5% on a year-over-year basis. As a group, equities research analysts forecast that Chipotle Mexican Grill, Inc. will post 1.29 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the company. TD Cowen reiterated a “buy” rating on shares of Chipotle Mexican Grill in a research report on Monday, January 5th. UBS Group reaffirmed a “buy” rating on shares of Chipotle Mexican Grill in a report on Monday, January 26th. Zacks Research raised shares of Chipotle Mexican Grill from a “strong sell” rating to a “hold” rating in a report on Monday, December 29th. Jefferies Financial Group decreased their price target 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. Finally, Wells Fargo & Company lifted their price objective on Chipotle Mexican Grill from $45.00 to $50.00 and gave the company an “overweight” rating in a research note on Thursday, January 22nd. Two analysts have rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating and thirteen have given a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $50.23.

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.