Securian Asset Management Inc. Sells 28,801 Shares of Chipotle Mexican Grill, Inc. $CMG

Securian Asset Management Inc. cut its stake in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) by 44.5% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 35,955 shares of the restaurant operator’s stock after selling 28,801 shares during the quarter. Securian Asset Management Inc.’s holdings in Chipotle Mexican Grill were worth $1,330,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also bought and sold shares of CMG. Revolve Wealth Partners LLC raised its position in shares of Chipotle Mexican Grill by 4.7% in the 4th 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 in the last quarter. Centurion Wealth Management LLC raised its position in shares of Chipotle Mexican Grill by 3.1% in the 4th quarter. Centurion Wealth Management LLC now owns 8,713 shares of the restaurant operator’s stock worth $322,000 after acquiring an additional 260 shares in the last quarter. City State Bank raised its position in shares of Chipotle Mexican Grill by 13.4% in the 4th quarter. City State Bank now owns 2,330 shares of the restaurant operator’s stock worth $86,000 after acquiring an additional 275 shares in the last quarter. Cromwell Holdings LLC raised its position in shares of Chipotle Mexican Grill by 7.4% in the 4th quarter. Cromwell Holdings LLC now owns 4,295 shares of the restaurant operator’s stock worth $159,000 after acquiring an additional 295 shares in the last quarter. Finally, Capital Advisors Inc. OK raised its position in shares of Chipotle Mexican Grill by 4.0% in the 4th quarter. Capital Advisors Inc. OK now owns 7,830 shares of the restaurant operator’s stock worth $290,000 after acquiring an additional 300 shares in the last quarter. Institutional investors own 91.30% of the company’s stock.

Chipotle Mexican Grill Price Performance

CMG stock opened at $32.67 on Wednesday. Chipotle Mexican Grill, Inc. has a 1 year low of $29.75 and a 1 year high of $58.42. The stock’s fifty day moving average price is $33.81 and its 200-day moving average price is $35.51. The company has a market cap of $41.91 billion, a P/E ratio of 29.98, a price-to-earnings-growth ratio of 2.05 and a beta of 1.03.

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

Wall Street Analysts Forecast Growth

CMG has been the subject of a number of analyst reports. DA Davidson initiated coverage on Chipotle Mexican Grill in a research report on Friday, March 6th. They set a “buy” rating and a $51.00 price objective for the company. BTIG Research reaffirmed a “buy” rating and set a $45.00 price objective on shares of Chipotle Mexican Grill in a research report on Thursday, April 30th. Zacks Research raised Chipotle Mexican Grill from a “strong sell” rating to a “hold” rating in a research report on Friday, April 17th. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $45.00 price objective on shares of Chipotle Mexican Grill in a research report on Thursday, April 30th. Finally, Stifel Nicolaus reaffirmed a “buy” rating on shares of Chipotle Mexican Grill in a research report on Monday, March 9th. Twenty-four analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the stock. According to data from MarketBeat, Chipotle Mexican Grill presently has an average rating of “Moderate Buy” and a consensus target price of $46.03.

About Chipotle Mexican Grill

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.