Chipotle Mexican Grill, Inc. $CMG Shares Sold by TIAA Trust National Association

TIAA Trust National Association decreased its position in Chipotle Mexican Grill, Inc. (NYSE:CMG) by 88.5% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 47,756 shares of the restaurant operator’s stock after selling 367,016 shares during the quarter. TIAA Trust National Association’s holdings in Chipotle Mexican Grill were worth $2,681,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of the company. Ascent Group LLC grew its position in Chipotle Mexican Grill by 3.5% in the second quarter. Ascent Group LLC now owns 5,752 shares of the restaurant operator’s stock valued at $323,000 after acquiring an additional 193 shares in the last quarter. E. Ohman J or Asset Management AB raised its position in shares of Chipotle Mexican Grill by 0.3% in the 2nd quarter. E. Ohman J or Asset Management AB now owns 59,234 shares of the restaurant operator’s stock valued at $3,326,000 after purchasing an additional 194 shares in the last quarter. Occidental Asset Management LLC raised its position in shares of Chipotle Mexican Grill by 2.8% in the 2nd quarter. Occidental Asset Management LLC now owns 7,257 shares of the restaurant operator’s stock valued at $407,000 after purchasing an additional 195 shares in the last quarter. Perennial Advisors LLC raised its position in shares of Chipotle Mexican Grill by 3.1% in the 2nd quarter. Perennial Advisors LLC now owns 6,667 shares of the restaurant operator’s stock valued at $374,000 after purchasing an additional 200 shares in the last quarter. Finally, Quent Capital LLC raised its position in shares of Chipotle Mexican Grill by 2.0% in the 2nd quarter. Quent Capital LLC now owns 10,555 shares of the restaurant operator’s stock valued at $593,000 after purchasing an additional 208 shares in the last quarter. Institutional investors and hedge funds own 91.30% of the company’s stock.

Chipotle Mexican Grill Trading Down 0.7%

Shares of CMG opened at $31.46 on Tuesday. The firm has a market cap of $42.18 billion, a price-to-earnings ratio of 27.84, a PEG ratio of 2.65 and a beta of 0.99. The stock has a 50 day moving average of $40.14 and a 200-day moving average of $46.52. Chipotle Mexican Grill, Inc. has a 52 week low of $31.01 and a 52 week high of $66.74.

Chipotle Mexican Grill (NYSE:CMG) last issued its earnings results on Wednesday, October 29th. The restaurant operator reported $0.29 EPS for the quarter, hitting the consensus estimate of $0.29. The company had revenue of $3 billion during the quarter, compared to analyst estimates of $3.06 billion. Chipotle Mexican Grill had a return on equity of 44.32% and a net margin of 13.04%.The business’s revenue was up 7.5% on a year-over-year basis. During the same quarter last year, the firm earned $0.27 EPS. On average, sell-side analysts predict that Chipotle Mexican Grill, Inc. will post 1.29 earnings per share for the current fiscal year.

Analysts Set New Price Targets

CMG has been the topic of a number of recent analyst reports. Stifel Nicolaus cut their target price on Chipotle Mexican Grill from $65.00 to $60.00 and set a “buy” rating on the stock in a research report on Tuesday, September 9th. Evercore ISI cut their target price on shares of Chipotle Mexican Grill from $53.00 to $45.00 and set an “outperform” rating on the stock in a research note on Thursday, October 30th. Sanford C. Bernstein restated an “outperform” rating and issued a $40.00 target price (down previously from $60.00) on shares of Chipotle Mexican Grill in a research note on Thursday. Rothschild & Co Redburn upgraded shares of Chipotle Mexican Grill from a “neutral” rating to a “buy” rating and set a $55.00 target price on the stock in a research note on Wednesday, September 3rd. Finally, BTIG Research decreased their target price on Chipotle Mexican Grill from $57.00 to $45.00 and set a “buy” rating for the company in a research report on Thursday, October 30th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-two have given a Buy rating, eleven have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $49.81.

About Chipotle Mexican Grill

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.