Heritage Investors Management Corp lowered its holdings in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) by 2.6% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,028 shares of the restaurant operator’s stock after selling 185 shares during the period. Heritage Investors Management Corp’s holdings in Chipotle Mexican Grill were worth $5,907,000 as of its most recent SEC filing.
A number of other institutional investors have also made changes to their positions in CMG. Commonwealth Bank of Australia grew its holdings in shares of Chipotle Mexican Grill by 77.3% in the 2nd quarter. Commonwealth Bank of Australia now owns 39 shares of the restaurant operator’s stock worth $26,000 after acquiring an additional 17 shares during the last quarter. FNY Investment Advisers LLC acquired a new stake in shares of Chipotle Mexican Grill in the second quarter worth $36,000. Griffin Asset Management Inc. acquired a new stake in shares of Chipotle Mexican Grill in the second quarter worth $41,000. Liberty Wealth Management LLC boosted its position in shares of Chipotle Mexican Grill by 123.1% in the second quarter. Liberty Wealth Management LLC now owns 87 shares of the restaurant operator’s stock worth $64,000 after buying an additional 48 shares during the period. Finally, Steward Partners Investment Advisory LLC acquired a new stake in shares of Chipotle Mexican Grill in the second quarter worth $82,000. 91.77% of the stock is currently owned by hedge funds and other institutional investors.
CMG has been the subject of several recent analyst reports. Oppenheimer reaffirmed an “underperform” rating and issued a $625.00 target price (up previously from $525.00) on shares of Chipotle Mexican Grill in a research report on Wednesday, October 23rd. SunTrust Banks raised their target price on Chipotle Mexican Grill from $900.00 to $920.00 and gave the stock a “buy” rating in a research report on Friday, October 18th. Jefferies Financial Group raised their target price on Chipotle Mexican Grill from $820.00 to $850.00 in a research report on Wednesday, October 23rd. Stifel Nicolaus raised Chipotle Mexican Grill to a “hold” rating and set a $755.00 target price for the company in a research report on Wednesday, July 24th. Finally, Morgan Stanley reissued a “hold” rating and set a $797.00 price objective on shares of Chipotle Mexican Grill in a research report on Wednesday, October 23rd. Five analysts have rated the stock with a sell rating, fifteen have issued a hold rating and fifteen have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $779.03.
Chipotle Mexican Grill (NYSE:CMG) last released its quarterly earnings data on Tuesday, October 22nd. The restaurant operator reported $3.82 earnings per share for the quarter, beating the consensus estimate of $3.13 by $0.69. Chipotle Mexican Grill had a return on equity of 23.97% and a net margin of 5.77%. The company had revenue of $1.40 billion for the quarter, compared to analyst estimates of $1.38 billion. During the same period in the prior year, the company posted $2.16 EPS. The company’s revenue was up 14.6% compared to the same quarter last year. On average, equities research analysts forecast that Chipotle Mexican Grill, Inc. will post 13.73 EPS for the current fiscal year.
In related news, Director Pershing Square Capital Manage sold 29,200 shares of the company’s stock in a transaction on Thursday, September 26th. The shares were sold at an average price of $815.60, for a total value of $23,815,520.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Brian R. Niccol sold 716 shares of the company’s stock in a transaction on Friday, November 1st. The shares were sold at an average price of $778.26, for a total transaction of $557,234.16. Following the completion of the sale, the chief executive officer now owns 26,634 shares of the company’s stock, valued at approximately $20,728,176.84. The disclosure for this sale can be found here. Over the last quarter, insiders sold 47,526 shares of company stock worth $39,109,343. Corporate insiders own 2.21% of the company’s stock.
About Chipotle Mexican Grill
Chipotle Mexican Grill, Inc, together with its subsidiaries, operates Chipotle Mexican Grill restaurants. As of December 31, 2018, it operated 2,491 restaurants, including 2,452 Chipotle restaurants in the United States, 37 Chipotle restaurants internationally, and two non-Chipotle restaurants. The company was founded in 1993 and is headquartered in Newport Beach, California.
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