Quantinno Capital Management LP Has $9.41 Million Position in Chipotle Mexican Grill, Inc. (NYSE:CMG)

Quantinno Capital Management LP lowered its stake in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) by 2.9% in the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 156,068 shares of the restaurant operator’s stock after selling 4,673 shares during the period. Quantinno Capital Management LP’s holdings in Chipotle Mexican Grill were worth $9,411,000 as of its most recent filing with the SEC.

Other hedge funds have also recently added to or reduced their stakes in the company. Ethos Financial Group LLC acquired a new position in Chipotle Mexican Grill in the fourth quarter worth about $31,000. Sound Income Strategies LLC raised its position in Chipotle Mexican Grill by 1,110.0% in the fourth quarter. Sound Income Strategies LLC now owns 605 shares of the restaurant operator’s stock worth $36,000 after purchasing an additional 555 shares in the last quarter. Murphy & Mullick Capital Management Corp acquired a new position in Chipotle Mexican Grill in the fourth quarter worth about $38,000. Financial Life Planners acquired a new position in Chipotle Mexican Grill in the fourth quarter worth about $45,000. Finally, Oakworth Capital Inc. acquired a new position in Chipotle Mexican Grill in the fourth quarter worth about $50,000. Institutional investors and hedge funds own 91.31% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on the stock. KeyCorp dropped their price target on shares of Chipotle Mexican Grill from $60.00 to $58.00 and set an “overweight” rating for the company in a research report on Thursday, April 24th. Sanford C. Bernstein reaffirmed an “outperform” rating and set a $70.00 price objective on shares of Chipotle Mexican Grill in a report on Tuesday, January 28th. UBS Group dropped their price objective on shares of Chipotle Mexican Grill from $65.00 to $60.00 and set a “buy” rating for the company in a report on Thursday, April 24th. Argus lowered shares of Chipotle Mexican Grill from a “buy” rating to a “hold” rating in a report on Monday, April 28th. Finally, Wells Fargo & Company dropped their price objective on shares of Chipotle Mexican Grill from $70.00 to $60.00 and set an “overweight” rating for the company in a report on Tuesday, April 22nd. Nine analysts have rated the stock with a hold rating, nineteen have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, Chipotle Mexican Grill has a consensus rating of “Moderate Buy” and an average target price of $61.74.

Chipotle Mexican Grill Stock Performance

Shares of CMG stock opened at $52.02 on Friday. Chipotle Mexican Grill, Inc. has a 52-week low of $44.46 and a 52-week high of $69.26. The stock has a market cap of $70.09 billion, a PE ratio of 46.86, a PEG ratio of 2.04 and a beta of 1.11. The firm’s 50 day moving average price is $49.68 and its two-hundred day moving average price is $55.48.

Chipotle Mexican Grill (NYSE:CMG) last announced its quarterly earnings data on Wednesday, April 23rd. The restaurant operator reported $0.29 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.28 by $0.01. Chipotle Mexican Grill had a net margin of 13.56% and a return on equity of 42.92%. The firm had revenue of $2.88 billion for the quarter, compared to analysts’ expectations of $2.98 billion. During the same period last year, the firm earned $13.37 earnings per share. The business’s revenue for the quarter was up 6.4% on a year-over-year basis. As a group, sell-side analysts predict that Chipotle Mexican Grill, Inc. will post 1.29 earnings per share for the current fiscal 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.