Vanguard Personalized Indexing Management LLC Reduces Stock Holdings in Chipotle Mexican Grill, Inc. $CMG

Vanguard Personalized Indexing Management LLC cut its position in Chipotle Mexican Grill, Inc. (NYSE:CMG) by 19.3% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 154,652 shares of the restaurant operator’s stock after selling 37,079 shares during the quarter. Vanguard Personalized Indexing Management LLC’s holdings in Chipotle Mexican Grill were worth $6,061,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently bought and sold shares of the company. Operose Advisors LLC bought a new stake in Chipotle Mexican Grill during the second quarter worth approximately $25,000. Lavaca Capital LLC purchased a new stake in shares of Chipotle Mexican Grill during the second quarter worth $28,000. Activest Wealth Management grew its stake in shares of Chipotle Mexican Grill by 109.3% in the 2nd quarter. Activest Wealth Management now owns 517 shares of the restaurant operator’s stock valued at $29,000 after buying an additional 270 shares in the last quarter. Twin Peaks Wealth Advisors LLC acquired a new position in Chipotle Mexican Grill during the second quarter worth $34,000. Finally, Evolution Wealth Management Inc. acquired a new stake in Chipotle Mexican Grill in the 2nd quarter worth approximately $34,000. Institutional investors and hedge funds own 91.30% of the company’s stock.

Wall Street Analyst Weigh In

CMG has been the subject of a number of research reports. Royal Bank Of Canada reduced their price target on shares of Chipotle Mexican Grill from $58.00 to $40.00 and set an “outperform” rating for the company in a report on Thursday, October 30th. Wells Fargo & Company raised their price objective on shares of Chipotle Mexican Grill from $45.00 to $50.00 and gave the stock an “overweight” rating in a report on Thursday, January 22nd. Weiss Ratings reissued a “hold (c-)” rating on shares of Chipotle Mexican Grill in a report on Monday, December 29th. Raymond James Financial upped their price target on Chipotle Mexican Grill from $40.00 to $45.00 and gave the company an “outperform” rating in a research note on Wednesday, January 21st. Finally, Evercore ISI reissued an “outperform” rating and issued a $45.00 target price on shares of Chipotle Mexican Grill in a research note on Friday, December 19th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating and thirteen have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $50.23.

Chipotle Mexican Grill Trading Up 0.6%

CMG stock traded up $0.26 during trading hours on Wednesday, hitting $39.91. 1,427,353 shares of the stock were exchanged, compared to its average volume of 15,142,894. The company has a 50-day simple moving average of $36.74 and a two-hundred day simple moving average of $39.50. The firm has a market capitalization of $52.77 billion, a P/E ratio of 35.32, a P/E/G ratio of 3.74 and a beta of 0.97. Chipotle Mexican Grill, Inc. has a 12 month low of $29.75 and a 12 month high of $59.57.

Chipotle Mexican Grill (NYSE:CMG) last announced its quarterly earnings data on Wednesday, October 29th. The restaurant operator reported $0.29 earnings per share for the quarter, meeting the consensus estimate of $0.29. Chipotle Mexican Grill had a return on equity of 45.39% and a net margin of 13.04%.The firm had revenue of $3 billion during the quarter, compared to analysts’ expectations of $3.06 billion. During the same period in the previous year, the firm earned $0.27 EPS. The company’s quarterly revenue was up 7.5% compared to the same quarter last year. On average, equities research analysts predict that Chipotle Mexican Grill, Inc. will post 1.29 earnings per share for the current year.

Chipotle Mexican Grill Company 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.