Chipotle Mexican Grill, Inc. $CMG Shares Sold by Mediolanum International Funds Ltd

Mediolanum International Funds Ltd reduced its position in Chipotle Mexican Grill, Inc. (NYSE:CMG) by 60.9% in the 1st quarter, Holdings Channel reports. The institutional investor owned 143,420 shares of the restaurant operator’s stock after selling 223,118 shares during the period. Mediolanum International Funds Ltd’s holdings in Chipotle Mexican Grill were worth $4,469,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Klein Pavlis & Peasley Financial Inc. bought a new stake in shares of Chipotle Mexican Grill in the 4th quarter valued at approximately $1,597,000. Norges Bank bought a new stake in shares of Chipotle Mexican Grill in the 4th quarter worth approximately $711,837,000. Focus Partners Advisor Solutions LLC boosted its position in Chipotle Mexican Grill by 156.9% during the 4th quarter. Focus Partners Advisor Solutions LLC now owns 58,269 shares of the restaurant operator’s stock valued at $2,156,000 after purchasing an additional 35,589 shares during the period. NorthCrest Asset Manangement LLC grew its stake in Chipotle Mexican Grill by 111.5% during the 4th quarter. NorthCrest Asset Manangement LLC now owns 56,994 shares of the restaurant operator’s stock worth $2,180,000 after buying an additional 30,047 shares during the last quarter. Finally, Marsico Capital Management LLC increased its position in Chipotle Mexican Grill by 234.4% in the fourth quarter. Marsico Capital Management LLC now owns 380,677 shares of the restaurant operator’s stock worth $14,085,000 after buying an additional 266,835 shares during the period. Institutional investors and hedge funds own 91.30% of the company’s stock.

Key Chipotle Mexican Grill News

Here are the key news stories impacting Chipotle Mexican Grill this week:

• Negative Sentiment: Restaurant stocks, including Chipotle, are being dragged lower by renewed food-safety headlines after reports linked a parasite outbreak to lettuce supplied by a vendor used by Taco Bell, stoking broader concern about traffic and sentiment across quick-service chains. Article Title
• Negative Sentiment: Investors are also showing pre-earnings caution ahead of Chipotle’s July 29 second-quarter report, with traders worrying about softer same-store sales and ongoing margin pressure from wage, beef, freight, and produce costs. Article Title
• Neutral Sentiment: Recent market commentary notes CMG has fallen more than the broader market, but the move is largely being described as a technical and sentiment-driven dip rather than a fresh company-specific development. Article Title
• Neutral Sentiment: Some analysts remain constructive on Chipotle, with recent coverage still calling the stock a “Moderate Buy,” which may help limit downside if earnings or traffic trends improve. Article Title

Chipotle Mexican Grill Stock Down 3.8%

Shares of NYSE CMG opened at $33.12 on Tuesday. The stock has a market cap of $42.48 billion, a P/E ratio of 30.39, a P/E/G ratio of 2.23 and a beta of 0.97. The firm’s 50-day simple moving average is $32.62 and its 200 day simple moving average is $34.86. Chipotle Mexican Grill, Inc. has a fifty-two week low of $28.03 and a fifty-two week high of $54.20.

Chipotle Mexican Grill (NYSE:CMG) last announced its earnings results on Wednesday, April 29th. The restaurant operator reported $0.24 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.24. The firm had revenue of $3.09 billion during the quarter, compared to analyst estimates of $3.07 billion. Chipotle Mexican Grill had a net margin of 11.96% and a return on equity of 49.64%. Chipotle Mexican Grill’s revenue was up 7.4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.29 EPS. On average, sell-side analysts anticipate that Chipotle Mexican Grill, Inc. will post 1.13 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms have issued reports on CMG. Guggenheim cut their target price on Chipotle Mexican Grill from $36.00 to $35.00 and set a “neutral” rating on the stock in a research note on Friday, May 1st. Barclays lowered their price target on shares of Chipotle Mexican Grill from $40.00 to $38.00 and set an “equal weight” rating for the company in a research report on Thursday, April 30th. Zacks Research upgraded shares of Chipotle Mexican Grill from a “strong sell” rating to a “hold” rating in a research report on Friday, April 17th. Raymond James Financial cut their price objective on shares of Chipotle Mexican Grill from $43.00 to $41.00 and set an “outperform” rating on the stock in a research report on Tuesday, April 21st. Finally, Morgan Stanley set a $37.00 target price on shares of Chipotle Mexican Grill and gave the stock an “equal weight” rating in a research report on Wednesday, June 3rd. Twenty-three equities research analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Chipotle Mexican Grill presently has a consensus rating of “Moderate Buy” and an average price target of $43.86.

Chipotle Mexican Grill Company Profile

Chipotle Mexican Grill is a fast-casual restaurant company known for its Mexican-inspired menu of burritos, bowls, tacos and salads. Founded in 1993 by Steve Ells, the chain emphasizes fresh, customizable meals made from a limited menu of core ingredients and a focus on ingredient quality. Chipotle operates primarily company-owned restaurants and offers dine-in, takeout, catering and delivery through its own digital platforms and third-party partners.

The company is headquartered in Newport Beach, California, and traces its roots to Denver, Colorado.