Trillium Asset Management LLC Sells 181,971 Shares of Chipotle Mexican Grill, Inc. $CMG

Trillium Asset Management LLC trimmed its stake in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) by 23.3% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 599,597 shares of the restaurant operator’s stock after selling 181,971 shares during the quarter. Trillium Asset Management LLC’s holdings in Chipotle Mexican Grill were worth $22,503,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Vanguard Group Inc. raised its stake in shares of Chipotle Mexican Grill by 14.8% during the 4th quarter. Vanguard Group Inc. now owns 144,588,220 shares of the restaurant operator’s stock valued at $5,349,764,000 after purchasing an additional 18,660,882 shares during the period. Capital World Investors raised its stake in shares of Chipotle Mexican Grill by 15.8% during the 4th quarter. Capital World Investors now owns 101,688,010 shares of the restaurant operator’s stock valued at $3,762,457,000 after purchasing an additional 13,843,222 shares during the period. Capital International Investors raised its stake in shares of Chipotle Mexican Grill by 17.7% during the 4th quarter. Capital International Investors now owns 45,294,212 shares of the restaurant operator’s stock valued at $1,675,895,000 after purchasing an additional 6,796,285 shares during the period. Norges Bank bought a new stake in shares of Chipotle Mexican Grill during the 4th quarter valued at $711,837,000. Finally, Clearbridge Investments LLC raised its stake in shares of Chipotle Mexican Grill by 206.4% during the 4th quarter. Clearbridge Investments LLC now owns 14,062,158 shares of the restaurant operator’s stock valued at $520,300,000 after purchasing an additional 9,473,120 shares during the period. 91.30% of the stock is currently owned by institutional investors.

Chipotle Mexican Grill Stock Up 3.0%

Chipotle Mexican Grill stock opened at $32.20 on Friday. Chipotle Mexican Grill, Inc. has a 52 week low of $28.03 and a 52 week high of $58.42. The business has a 50-day simple moving average of $32.75 and a 200 day simple moving average of $35.19. The stock has a market cap of $41.30 billion, a price-to-earnings ratio of 29.54, a PEG ratio of 2.01 and a beta of 0.99.

Chipotle Mexican Grill (NYSE:CMG) last posted its earnings results on Wednesday, April 29th. The restaurant operator reported $0.24 EPS for the quarter, hitting the consensus estimate of $0.24. Chipotle Mexican Grill had a return on equity of 49.64% and a net margin of 11.96%.The business had revenue of $3.09 billion during the quarter, compared to analysts’ expectations of $3.07 billion. During the same period in the previous year, the business earned $0.29 earnings per share. The firm’s revenue was up 7.4% on a year-over-year basis. On average, research analysts anticipate that Chipotle Mexican Grill, Inc. will post 1.13 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the company. Citigroup boosted their price objective on Chipotle Mexican Grill from $44.00 to $46.00 and gave the company a “buy” rating in a research note on Thursday, April 30th. Guggenheim decreased their price objective on Chipotle Mexican Grill from $36.00 to $35.00 and set a “neutral” rating on the stock in a research note on Friday, May 1st. Piper Sandler decreased their price objective on Chipotle Mexican Grill from $44.00 to $42.00 and set an “overweight” rating on the stock in a research note on Thursday, April 30th. Stifel Nicolaus reiterated a “buy” rating on shares of Chipotle Mexican Grill in a research note on Monday, March 9th. Finally, Stephens boosted their price objective on Chipotle Mexican Grill from $38.00 to $39.00 and gave the company an “equal weight” rating in a research note on Thursday, April 30th. Twenty-four investment analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $45.48.

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.