Chipotle Mexican Grill, Inc. $CMG Shares Sold by Cetera Investment Advisers

Cetera Investment Advisers lessened its position in Chipotle Mexican Grill, Inc. (NYSE:CMG) by 2.5% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 383,795 shares of the restaurant operator’s stock after selling 9,716 shares during the period. Cetera Investment Advisers’ holdings in Chipotle Mexican Grill were worth $21,550,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in CMG. Vanguard Group Inc. raised its holdings in Chipotle Mexican Grill by 1.3% during the first quarter. Vanguard Group Inc. now owns 122,463,327 shares of the restaurant operator’s stock worth $6,148,884,000 after purchasing an additional 1,597,287 shares in the last quarter. Price T Rowe Associates Inc. MD increased its position in Chipotle Mexican Grill by 7.6% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 56,827,332 shares of the restaurant operator’s stock worth $2,853,302,000 after purchasing an additional 4,027,016 shares during the period. Alliancebernstein L.P. raised its stake in shares of Chipotle Mexican Grill by 8.0% during the 1st quarter. Alliancebernstein L.P. now owns 32,505,318 shares of the restaurant operator’s stock worth $1,632,092,000 after buying an additional 2,404,798 shares in the last quarter. Geode Capital Management LLC raised its stake in shares of Chipotle Mexican Grill by 1.1% during the 2nd quarter. Geode Capital Management LLC now owns 29,659,508 shares of the restaurant operator’s stock worth $1,657,193,000 after buying an additional 325,926 shares in the last quarter. Finally, American Century Companies Inc. lifted its holdings in shares of Chipotle Mexican Grill by 2.1% in the 1st quarter. American Century Companies Inc. now owns 20,662,628 shares of the restaurant operator’s stock valued at $1,037,471,000 after buying an additional 425,648 shares during the period. Hedge funds and other institutional investors own 91.30% of the company’s stock.

Chipotle Mexican Grill Stock Up 0.8%

Shares of CMG stock opened at $30.79 on Wednesday. The stock has a market cap of $40.71 billion, a P/E ratio of 27.25, a P/E/G ratio of 2.65 and a beta of 0.98. Chipotle Mexican Grill, Inc. has a fifty-two week low of $29.75 and a fifty-two week high of $66.74. The business has a fifty day simple moving average of $37.81 and a 200-day simple moving average of $45.08.

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

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the company. Guggenheim dropped their price objective on Chipotle Mexican Grill from $47.00 to $46.00 and set a “neutral” rating on the stock in a report on Friday, July 25th. The Goldman Sachs Group reaffirmed a “buy” rating and set a $45.00 price target (down from $52.00) on shares of Chipotle Mexican Grill in a research note on Thursday, October 30th. Weiss Ratings reiterated a “hold (c)” rating on shares of Chipotle Mexican Grill in a report on Wednesday, October 8th. Zacks Research downgraded shares of Chipotle Mexican Grill from a “hold” rating to a “strong sell” rating in a report on Thursday, October 30th. Finally, Stifel Nicolaus lowered their target price on shares of 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. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating, eleven have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, Chipotle Mexican Grill has an average rating of “Moderate Buy” and an average 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.