Securian Asset Management Inc. Reduces Stock Position in Chipotle Mexican Grill, Inc. $CMG

Securian Asset Management Inc. reduced its position in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) by 1.9% in the second quarter, HoldingsChannel.com reports. The firm owned 70,443 shares of the restaurant operator’s stock after selling 1,351 shares during the period. Securian Asset Management Inc.’s holdings in Chipotle Mexican Grill were worth $3,955,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of CMG. Revolve Wealth Partners LLC boosted its holdings in shares of 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 purchased a new stake in shares of Chipotle Mexican Grill during the fourth quarter worth about $224,000. Flagship Harbor Advisors LLC boosted its holdings in shares of Chipotle Mexican Grill by 7.0% during the first quarter. Flagship Harbor Advisors LLC now owns 16,368 shares of the restaurant operator’s stock worth $822,000 after purchasing an additional 1,070 shares during the period. Asset Management One Co. Ltd. lifted its holdings in Chipotle Mexican Grill by 5.1% in the first quarter. Asset Management One Co. Ltd. now owns 573,915 shares of the restaurant operator’s stock worth $28,816,000 after buying an additional 27,662 shares during the period. Finally, Embree Financial Group lifted its holdings in Chipotle Mexican Grill by 55.2% in the first quarter. Embree Financial Group now owns 5,990 shares of the restaurant operator’s stock worth $301,000 after buying an additional 2,130 shares during the period. 91.30% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

CMG has been the subject of several research analyst reports. Jefferies Financial Group lowered their price objective on shares of Chipotle Mexican Grill from $48.00 to $44.00 and set a “hold” rating for the company in a report on Monday, October 13th. Sanford C. Bernstein lowered their price objective on shares of Chipotle Mexican Grill from $65.00 to $60.00 and set an “outperform” rating for the company in a report on Thursday, October 2nd. Morgan Stanley lowered their price objective on shares of Chipotle Mexican Grill from $65.00 to $59.00 and set an “overweight” rating for the company in a report on Wednesday, October 15th. Guggenheim lowered their price objective on shares of Chipotle Mexican Grill from $47.00 to $46.00 and set a “neutral” rating for the company in a report on Friday, July 25th. Finally, Raymond James Financial restated an “outperform” rating and issued a $52.00 price objective (down from $56.00) on shares of Chipotle Mexican Grill in a report on Thursday, October 16th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating and nine have issued a Hold rating to the stock. According to MarketBeat, Chipotle Mexican Grill presently has an average rating of “Moderate Buy” and an average price target of $57.03.

Chipotle Mexican Grill Stock Performance

Shares of NYSE CMG opened at $42.37 on Wednesday. Chipotle Mexican Grill, Inc. has a fifty-two week low of $38.30 and a fifty-two week high of $66.74. The company has a 50 day simple moving average of $41.10 and a two-hundred day simple moving average of $47.22. The company has a market capitalization of $56.81 billion, a price-to-earnings ratio of 37.83, a P/E/G ratio of 2.52 and a beta of 0.99.

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

Chipotle Mexican Grill Company Profile

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.