Sentry Investment Management LLC Lowers Position in Chipotle Mexican Grill, Inc. (CMG)

Sentry Investment Management LLC trimmed its position in Chipotle Mexican Grill, Inc. (NYSE:CMG) by 35.0% in the fourth quarter, HoldingsChannel.com reports. The firm owned 1,430 shares of the restaurant operator’s stock after selling 771 shares during the period. Sentry Investment Management LLC’s holdings in Chipotle Mexican Grill were worth $413,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the stock. Raymond James Financial Services Advisors Inc. increased its position in Chipotle Mexican Grill by 1.5% in the second quarter. Raymond James Financial Services Advisors Inc. now owns 2,938 shares of the restaurant operator’s stock worth $1,223,000 after purchasing an additional 44 shares during the period. Cetera Investment Advisers increased its position in Chipotle Mexican Grill by 7.8% in the second quarter. Cetera Investment Advisers now owns 778 shares of the restaurant operator’s stock worth $322,000 after purchasing an additional 56 shares during the period. Public Employees Retirement Association of Colorado increased its position in Chipotle Mexican Grill by 3.3% in the fourth quarter. Public Employees Retirement Association of Colorado now owns 5,076 shares of the restaurant operator’s stock worth $1,467,000 after purchasing an additional 161 shares during the period. LS Investment Advisors LLC increased its position in Chipotle Mexican Grill by 17.9% in the third quarter. LS Investment Advisors LLC now owns 1,180 shares of the restaurant operator’s stock worth $363,000 after purchasing an additional 179 shares during the period. Finally, Gagnon Securities LLC increased its position in Chipotle Mexican Grill by 8.5% in the third quarter. Gagnon Securities LLC now owns 2,424 shares of the restaurant operator’s stock worth $746,000 after purchasing an additional 190 shares during the period. Hedge funds and other institutional investors own 87.00% of the company’s stock.

A number of analysts recently commented on CMG shares. Jefferies Group lowered their price objective on Chipotle Mexican Grill to $300.00 and set a “positive” rating for the company in a research report on Wednesday, October 25th. ValuEngine lowered Chipotle Mexican Grill from a “hold” rating to a “sell” rating in a research report on Sunday, December 31st. Robert W. Baird set a $300.00 price objective on Chipotle Mexican Grill and gave the stock a “hold” rating in a research report on Wednesday, October 25th. Maxim Group reiterated a “buy” rating and issued a $425.00 price objective (up from $400.00) on shares of Chipotle Mexican Grill in a research report on Thursday, January 18th. Finally, Stifel Nicolaus lowered their price objective on Chipotle Mexican Grill from $345.00 to $310.00 and set a “hold” rating for the company in a research report on Wednesday, October 25th. Nine research analysts have rated the stock with a sell rating, twenty-three have issued a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $342.25.

Chipotle Mexican Grill, Inc. (NYSE CMG) opened at $289.91 on Thursday. Chipotle Mexican Grill, Inc. has a 1-year low of $247.51 and a 1-year high of $499.00. The firm has a market capitalization of $7,019.71, a PE ratio of 38.14, a PEG ratio of 1.64 and a beta of 0.59.

Chipotle Mexican Grill (NYSE:CMG) last released its earnings results on Tuesday, February 6th. The restaurant operator reported $1.34 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.32 by $0.02. The firm had revenue of $1.11 billion for the quarter, compared to analysts’ expectations of $1.11 billion. Chipotle Mexican Grill had a return on equity of 13.44% and a net margin of 3.94%. The business’s quarterly revenue was up 7.3% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.55 EPS. equities analysts expect that Chipotle Mexican Grill, Inc. will post 8.36 earnings per share for the current year.

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Chipotle Mexican Grill Company Profile

Chipotle Mexican Grill, Inc (Chipotle), together with its subsidiaries, operates Chipotle Mexican Grill restaurants. The Company’s Chipotle Mexican Grill restaurants serve a menu of burritos, tacos, burrito bowls (a burrito without the tortilla) and salads. As of December 31, 2016, the Company managed its operations and restaurants based on 11 regions.

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Institutional Ownership by Quarter for Chipotle Mexican Grill (NYSE:CMG)

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