Byrne Asset Management LLC Has $83,000 Stock Holdings in Chipotle Mexican Grill, Inc. (NYSE:CMG)

Byrne Asset Management LLC lessened its stake in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) by 18.5% in the first quarter, according to the company in its most recent filing with the SEC. The fund owned 1,650 shares of the restaurant operator’s stock after selling 375 shares during the quarter. Byrne Asset Management LLC’s holdings in Chipotle Mexican Grill were worth $83,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of CMG. Alliancebernstein L.P. increased its position in Chipotle Mexican Grill by 29.5% during the fourth quarter. Alliancebernstein L.P. now owns 30,100,520 shares of the restaurant operator’s stock worth $1,815,061,000 after acquiring an additional 6,853,470 shares during the period. Geode Capital Management LLC increased its position in Chipotle Mexican Grill by 1.4% during the fourth quarter. Geode Capital Management LLC now owns 28,476,031 shares of the restaurant operator’s stock worth $1,712,238,000 after acquiring an additional 395,053 shares during the period. American Century Companies Inc. increased its position in Chipotle Mexican Grill by 0.8% during the fourth quarter. American Century Companies Inc. now owns 20,236,980 shares of the restaurant operator’s stock worth $1,220,290,000 after acquiring an additional 166,767 shares during the period. Norges Bank bought a new position in Chipotle Mexican Grill during the fourth quarter worth about $1,093,345,000. Finally, Northern Trust Corp increased its position in Chipotle Mexican Grill by 11.1% during the fourth quarter. Northern Trust Corp now owns 14,443,085 shares of the restaurant operator’s stock worth $870,918,000 after acquiring an additional 1,438,860 shares during the period. Institutional investors and hedge funds own 91.31% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently commented on CMG. Stifel Nicolaus lowered their price target 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. Morgan Stanley lowered their price target on shares of Chipotle Mexican Grill from $67.00 to $65.00 and set an “overweight” rating on the stock in a research report on Thursday, April 24th. JPMorgan Chase & Co. decreased 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 report on Thursday, May 29th. Evercore ISI decreased 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 report on Thursday, April 24th. Finally, Loop Capital decreased their target price on shares of Chipotle Mexican Grill from $65.00 to $63.00 and set a “buy” rating on the stock in a report on Thursday, April 24th. Ten analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, Chipotle Mexican Grill currently has an average rating of “Moderate Buy” and a consensus price target of $61.37.

Chipotle Mexican Grill Price Performance

Shares of NYSE CMG opened at $50.24 on Friday. The stock has a market capitalization of $67.70 billion, a P/E ratio of 45.26, a P/E/G ratio of 2.04 and a beta of 1.06. The company has a 50-day moving average price of $50.38 and a 200-day moving average price of $54.33. Chipotle Mexican Grill, Inc. has a 1 year low of $44.46 and a 1 year high of $69.26.

Chipotle Mexican Grill (NYSE:CMG) last issued its quarterly earnings data on Wednesday, April 23rd. The restaurant operator reported $0.29 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.28 by $0.01. The firm had revenue of $2.88 billion during the quarter, compared to analysts’ expectations of $2.98 billion. Chipotle Mexican Grill had a net margin of 13.56% and a return on equity of 42.92%. The business’s revenue was up 6.4% on a year-over-year basis. During the same period last year, the company earned $13.37 earnings per share. As a group, equities research analysts anticipate that Chipotle Mexican Grill, Inc. will post 1.29 earnings per share for the current fiscal year.

Insider Activity

In related news, insider Roger E. Theodoredis sold 113,875 shares of the firm’s stock in a transaction dated Monday, June 2nd. The shares were sold at an average price of $49.70, for a total transaction of $5,659,587.50. Following the transaction, the insider now directly owns 109,815 shares of the company’s stock, valued at $5,457,805.50. This trade represents a 50.91% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 0.81% of the company’s stock.

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.