Kornitzer Capital Management Inc. KS Sells 30,285 Shares of Chipotle Mexican Grill, Inc. $CMG

Kornitzer Capital Management Inc. KS lessened its holdings in Chipotle Mexican Grill, Inc. (NYSE:CMG) by 68.5% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 13,945 shares of the restaurant operator’s stock after selling 30,285 shares during the quarter. Kornitzer Capital Management Inc. KS’s holdings in Chipotle Mexican Grill were worth $547,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in the stock. Operose Advisors LLC bought a new stake in shares of Chipotle Mexican Grill during the 2nd quarter valued at $25,000. Lavaca Capital LLC bought a new position in Chipotle Mexican Grill in the second quarter valued at about $28,000. Activest Wealth Management grew its holdings in shares of Chipotle Mexican Grill by 109.3% during the 2nd quarter. Activest Wealth Management now owns 517 shares of the restaurant operator’s stock valued at $29,000 after purchasing an additional 270 shares during the last quarter. Twin Peaks Wealth Advisors LLC bought a new stake in shares of Chipotle Mexican Grill during the second quarter worth $34,000. Finally, Evolution Wealth Management Inc. bought a new stake in Chipotle Mexican Grill during the 2nd quarter worth $34,000. 91.30% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on CMG shares. Stephens reduced their target price on shares of Chipotle Mexican Grill from $48.00 to $35.00 and set an “equal weight” rating on the stock in a report on Thursday, October 30th. Jefferies Financial Group lowered their price objective on Chipotle Mexican Grill from $48.00 to $44.00 and set a “hold” rating for the company in a research report on Monday, October 13th. Wells Fargo & Company lifted their price objective on shares of Chipotle Mexican Grill from $45.00 to $50.00 and gave the company an “overweight” rating in a research note on Thursday, January 22nd. JPMorgan Chase & Co. dropped their price target on Chipotle Mexican Grill from $44.00 to $40.00 and set a “neutral” rating on the stock in a research note on Thursday, October 30th. Finally, UBS Group restated a “buy” rating on shares of Chipotle Mexican Grill in a report on Monday. Two investment analysts have rated the stock with a Strong Buy rating, twenty-two have given a Buy rating and thirteen have issued a Hold rating to the company. According to MarketBeat, Chipotle Mexican Grill currently has a consensus rating of “Moderate Buy” and an average target price of $50.23.

Chipotle Mexican Grill Price Performance

Shares of Chipotle Mexican Grill stock opened at $39.14 on Thursday. Chipotle Mexican Grill, Inc. has a 1 year low of $29.75 and a 1 year high of $59.57. The stock has a fifty day moving average price of $36.91 and a 200-day moving average price of $39.50. The firm has a market cap of $51.76 billion, a PE ratio of 34.64, a P/E/G ratio of 3.57 and a beta of 0.97.

Chipotle Mexican Grill (NYSE:CMG) last announced its quarterly earnings data on Wednesday, October 29th. The restaurant operator reported $0.29 EPS for the quarter, hitting the consensus estimate of $0.29. The business had revenue of $3 billion for the quarter, compared to analyst estimates of $3.06 billion. Chipotle Mexican Grill had a net margin of 13.04% and a return on equity of 45.39%. The company’s revenue for the quarter was up 7.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.27 earnings per share. As a group, equities analysts anticipate that Chipotle Mexican Grill, Inc. will post 1.29 EPS for the current fiscal year.

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.