Chipotle Mexican Grill, Inc. $CMG Shares Sold by Weiss Asset Management LP

Weiss Asset Management LP trimmed its stake in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) by 15.6% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 122,981 shares of the restaurant operator’s stock after selling 22,647 shares during the quarter. Weiss Asset Management LP’s holdings in Chipotle Mexican Grill were worth $3,937,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in CMG. Norges Bank bought a new stake in shares of Chipotle Mexican Grill in the 4th quarter worth about $711,837,000. Vanguard Group Inc. lifted its position in shares of Chipotle Mexican Grill by 14.8% during the fourth quarter. Vanguard Group Inc. now owns 144,588,220 shares of the restaurant operator’s stock worth $5,349,764,000 after purchasing an additional 18,660,882 shares during the last quarter. Capital World Investors grew its stake in Chipotle Mexican Grill by 15.8% in the fourth quarter. Capital World Investors now owns 101,688,010 shares of the restaurant operator’s stock worth $3,762,457,000 after purchasing an additional 13,843,222 shares in the last quarter. Clearbridge Investments LLC grew its stake in Chipotle Mexican Grill by 206.4% in the fourth quarter. Clearbridge Investments LLC now owns 14,062,158 shares of the restaurant operator’s stock worth $520,300,000 after purchasing an additional 9,473,120 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD increased its holdings in Chipotle Mexican Grill by 18.8% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 58,447,867 shares of the restaurant operator’s stock valued at $2,162,572,000 after buying an additional 9,237,720 shares during the last quarter. 91.30% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several analysts have issued reports on the company. Citigroup cut their price objective on Chipotle Mexican Grill from $46.00 to $45.00 and set a “buy” rating on the stock in a research note on Monday, July 13th. Zacks Research upgraded Chipotle Mexican Grill from a “strong sell” rating to a “hold” rating in a research report on Friday, April 17th. Weiss Ratings downgraded Chipotle Mexican Grill from a “hold (c-)” rating to a “sell (d+)” rating in a report on Friday. Royal Bank Of Canada reissued an “outperform” rating and set a $45.00 price target on shares of Chipotle Mexican Grill in a research report on Thursday, April 30th. Finally, Raymond James Financial reduced their price objective on Chipotle Mexican Grill from $43.00 to $41.00 and set an “outperform” rating on the stock in a research note on Tuesday, April 21st. Twenty-three investment analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, Chipotle Mexican Grill has a consensus rating of “Moderate Buy” and an average price target of $43.86.

Chipotle Mexican Grill Stock Up 0.0%

CMG opened at $31.79 on Monday. The firm has a market cap of $40.78 billion, a price-to-earnings ratio of 29.17, a price-to-earnings-growth ratio of 2.08 and a beta of 0.97. Chipotle Mexican Grill, Inc. has a fifty-two week low of $28.03 and a fifty-two week high of $47.18. The company’s 50-day moving average price is $32.62 and its 200 day moving average price is $34.72.

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

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.