Chipotle Mexican Grill, Inc. (NYSE:CMG) Shares Sold by Versant Capital Management Inc

Versant Capital Management Inc lessened its position in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) by 13.4% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,718 shares of the restaurant operator’s stock after selling 266 shares during the quarter. Versant Capital Management Inc’s holdings in Chipotle Mexican Grill were worth $86,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. First Hawaiian Bank grew its position in Chipotle Mexican Grill by 2.3% during the first quarter. First Hawaiian Bank now owns 42,538 shares of the restaurant operator’s stock valued at $2,136,000 after buying an additional 960 shares during the period. Jacobs & Co. CA grew its position in Chipotle Mexican Grill by 31.2% during the first quarter. Jacobs & Co. CA now owns 142,166 shares of the restaurant operator’s stock valued at $7,138,000 after buying an additional 33,773 shares during the period. Park National Corp OH grew its position in Chipotle Mexican Grill by 14.2% during the first quarter. Park National Corp OH now owns 545,453 shares of the restaurant operator’s stock valued at $27,387,000 after buying an additional 67,669 shares during the period. Kera Capital Partners Inc. acquired a new stake in Chipotle Mexican Grill during the first quarter valued at $2,035,000. Finally, Cullen Investment Group LTD. grew its position in Chipotle Mexican Grill by 20.6% during the first quarter. Cullen Investment Group LTD. now owns 23,081 shares of the restaurant operator’s stock valued at $1,159,000 after buying an additional 3,945 shares during the period. Institutional investors and hedge funds own 91.31% of the company’s stock.

Chipotle Mexican Grill Price Performance

Shares of CMG stock opened at $50.04 on Wednesday. The firm’s 50-day moving average is $50.01 and its two-hundred day moving average is $54.79. Chipotle Mexican Grill, Inc. has a 12 month low of $44.46 and a 12 month high of $69.26. The company has a market capitalization of $67.42 billion, a PE ratio of 45.07, a price-to-earnings-growth ratio of 2.04 and a beta of 1.11.

Chipotle Mexican Grill (NYSE:CMG) last issued its earnings results on Wednesday, April 23rd. The restaurant operator reported $0.29 EPS for the quarter, topping analysts’ consensus estimates of $0.28 by $0.01. Chipotle Mexican Grill had a net margin of 13.56% and a return on equity of 42.92%. The company had revenue of $2.88 billion for the quarter, compared to the consensus estimate of $2.98 billion. During the same period in the previous year, the firm earned $13.37 earnings per share. Chipotle Mexican Grill’s quarterly revenue was up 6.4% compared to the same quarter last year. Sell-side analysts forecast that Chipotle Mexican Grill, Inc. will post 1.29 EPS for the current year.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on CMG. JPMorgan Chase & Co. dropped their target price on shares of Chipotle Mexican Grill from $58.00 to $54.00 and set a “neutral” rating on the stock in a research report on Thursday, May 29th. Evercore ISI dropped their target price on shares of Chipotle Mexican Grill from $64.00 to $57.00 and set an “outperform” rating on the stock in a research report on Thursday, April 24th. KeyCorp dropped their target price on shares of Chipotle Mexican Grill from $60.00 to $58.00 and set an “overweight” rating on the stock in a research report on Thursday, April 24th. Stifel Nicolaus dropped their target price on shares of Chipotle Mexican Grill from $68.00 to $65.00 and set a “buy” rating on the stock in a research report on Wednesday, March 19th. Finally, Wells Fargo & Company dropped their target price on shares of Chipotle Mexican Grill from $70.00 to $60.00 and set an “overweight” rating on the stock in a research report on Tuesday, April 22nd. Nine equities research analysts have rated the stock with a hold rating, nineteen have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $61.60.

Chipotle Mexican Grill Profile

Chipotle Mexican Grill, Inc, together with its subsidiaries, owns and operates Chipotle Mexican Grill restaurants. It sells food and beverages through offering burritos, burrito bowls, quesadillas, tacos, and salads. The company also provides delivery and related services its app and website. It has operations in the United States, Canada, France, Germany, and the United Kingdom.