Cibc World Market Inc. Has $9.20 Million Holdings in Chipotle Mexican Grill, Inc. $CMG

Cibc World Market Inc. decreased its stake in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) by 13.3% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 234,803 shares of the restaurant operator’s stock after selling 35,992 shares during the period. Cibc World Market Inc.’s holdings in Chipotle Mexican Grill were worth $9,202,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of CMG. Revolve Wealth Partners LLC grew its holdings in 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 purchasing an additional 214 shares during the period. Trueblood Wealth Management LLC boosted its holdings in 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 in the last quarter. Scotia Capital Inc. grew its stake in Chipotle Mexican Grill by 0.4% in the second quarter. Scotia Capital Inc. now owns 76,358 shares of the restaurant operator’s stock valued at $4,288,000 after acquiring an additional 269 shares during the period. Activest Wealth Management grew its stake in Chipotle Mexican Grill by 109.3% in the second quarter. Activest Wealth Management now owns 517 shares of the restaurant operator’s stock valued at $29,000 after acquiring an additional 270 shares during the period. Finally, Lakeshore Capital Group Inc. increased its holdings in shares of Chipotle Mexican Grill by 1.9% during the third quarter. Lakeshore Capital Group Inc. now owns 14,632 shares of the restaurant operator’s stock valued at $573,000 after acquiring an additional 272 shares in the last quarter. Institutional investors own 91.30% of the company’s stock.

Analysts Set New Price Targets

CMG has been the topic of a number of recent research reports. Stephens reiterated an “equal weight” rating and issued a $35.00 target price on shares of Chipotle Mexican Grill in a report on Wednesday, February 4th. Telsey Advisory Group dropped their price objective on shares of Chipotle Mexican Grill from $50.00 to $48.00 and set an “outperform” rating on the stock in a research note on Wednesday, February 4th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a $48.00 price objective on shares of Chipotle Mexican Grill in a report on Wednesday, February 4th. BMO Capital Markets restated an “outperform” rating on shares of Chipotle Mexican Grill in a report on Thursday, October 30th. Finally, Morgan Stanley dropped their price target on shares of Chipotle Mexican Grill from $50.00 to $49.00 and set an “overweight” rating on the stock in a research report on Wednesday, February 4th. Twenty-two research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, Chipotle Mexican Grill has a consensus rating of “Moderate Buy” and a consensus price target of $47.24.

Chipotle Mexican Grill Trading Up 1.2%

Shares of CMG opened at $36.28 on Friday. The stock has a 50 day moving average of $38.13 and a 200 day moving average of $38.50. The company has a market capitalization of $47.25 billion, a price-to-earnings ratio of 31.82, a PEG ratio of 2.19 and a beta of 0.99. Chipotle Mexican Grill, Inc. has a 12 month low of $29.75 and a 12 month high of $58.42.

Chipotle Mexican Grill (NYSE:CMG) last announced its earnings results on Tuesday, February 3rd. The restaurant operator reported $0.25 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.24 by $0.01. The firm had revenue of $2.98 billion during the quarter, compared to analyst estimates of $2.96 billion. Chipotle Mexican Grill had a return on equity of 47.99% and a net margin of 12.88%.The business’s revenue was up 4.9% compared to the same quarter last year. During the same period last year, the firm posted $0.25 EPS. As a group, equities research analysts predict that Chipotle Mexican Grill, Inc. will post 1.29 earnings per share for the current year.

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.