Gateway Investment Advisers LLC Lowers Stock Position in Chipotle Mexican Grill, Inc. (NYSE:CMG)

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Gateway Investment Advisers LLC lessened its holdings in Chipotle Mexican Grill, Inc. (NYSE:CMG) by 72.8% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 259 shares of the restaurant operator’s stock after selling 694 shares during the period. Gateway Investment Advisers LLC’s holdings in Chipotle Mexican Grill were worth $218,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Tokio Marine Asset Management Co. Ltd. lifted its position in shares of Chipotle Mexican Grill by 1.7% in the 2nd quarter. Tokio Marine Asset Management Co. Ltd. now owns 883 shares of the restaurant operator’s stock worth $647,000 after purchasing an additional 15 shares during the period. Commonwealth Bank of Australia lifted its position in Chipotle Mexican Grill by 77.3% during the second quarter. Commonwealth Bank of Australia now owns 39 shares of the restaurant operator’s stock valued at $26,000 after acquiring an additional 17 shares during the last quarter. BB&T Securities LLC lifted its position in Chipotle Mexican Grill by 3.7% during the second quarter. BB&T Securities LLC now owns 506 shares of the restaurant operator’s stock valued at $370,000 after acquiring an additional 18 shares during the last quarter. World Asset Management Inc lifted its position in Chipotle Mexican Grill by 1.1% during the second quarter. World Asset Management Inc now owns 1,816 shares of the restaurant operator’s stock valued at $1,331,000 after acquiring an additional 19 shares during the last quarter. Finally, United Capital Financial Advisers LLC lifted its position in Chipotle Mexican Grill by 3.3% during the second quarter. United Capital Financial Advisers LLC now owns 655 shares of the restaurant operator’s stock valued at $480,000 after acquiring an additional 21 shares during the last quarter. 92.05% of the stock is owned by hedge funds and other institutional investors.

A number of research firms recently commented on CMG. Wells Fargo & Co increased their target price on shares of Chipotle Mexican Grill from $714.00 to $796.00 and gave the company a “market perform” rating in a research report on Thursday, October 10th. Mizuho increased their target price on shares of Chipotle Mexican Grill from $420.00 to $500.00 and gave the company an “underperform” rating in a research report on Wednesday, July 24th. Piper Jaffray Companies set a $904.00 target price on shares of Chipotle Mexican Grill and gave the company a “buy” rating in a research report on Friday, September 27th. SunTrust Banks increased their target price on shares of Chipotle Mexican Grill from $900.00 to $920.00 and gave the company a “buy” rating in a research report on Friday. Finally, Northcoast Research began coverage on shares of Chipotle Mexican Grill in a research report on Friday, July 19th. They set a “sell” rating and a $400.00 target price for the company. Four analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and sixteen have issued a buy rating to the company. Chipotle Mexican Grill presently has an average rating of “Hold” and an average target price of $749.32.

In other Chipotle Mexican Grill news, insider Steve Ells sold 28,645 shares of the firm’s stock in a transaction on Monday, July 29th. The shares were sold at an average price of $802.66, for a total value of $22,992,195.70. Following the completion of the transaction, the insider now owns 183,580 shares of the company’s stock, valued at $147,352,322.80. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CEO Brian R. Niccol sold 772 shares of the firm’s stock in a transaction on Tuesday, October 1st. The stock was sold at an average price of $843.90, for a total transaction of $651,490.80. Following the completion of the transaction, the chief executive officer now directly owns 26,634 shares of the company’s stock, valued at approximately $22,476,432.60. The disclosure for this sale can be found here. In the last ninety days, insiders sold 113,531 shares of company stock valued at $91,910,364. Corporate insiders own 2.21% of the company’s stock.

NYSE CMG opened at $841.48 on Monday. The company has a fifty day simple moving average of $824.71 and a two-hundred day simple moving average of $757.10. The stock has a market cap of $22.98 billion, a P/E ratio of 92.88, a P/E/G ratio of 3.36 and a beta of 0.70. Chipotle Mexican Grill, Inc. has a 12-month low of $383.20 and a 12-month high of $857.90. The company has a current ratio of 1.52, a quick ratio of 1.48 and a debt-to-equity ratio of 1.65.

Chipotle Mexican Grill (NYSE:CMG) last posted its quarterly earnings results on Tuesday, July 23rd. The restaurant operator reported $3.99 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $3.68 by $0.31. The business had revenue of $1.43 billion during the quarter, compared to analysts’ expectations of $1.41 billion. Chipotle Mexican Grill had a net margin of 4.80% and a return on equity of 21.50%. The business’s quarterly revenue was up 13.2% on a year-over-year basis. During the same quarter last year, the company posted $2.87 earnings per share. As a group, sell-side analysts forecast that Chipotle Mexican Grill, Inc. will post 13.4 earnings per share for the current year.

Chipotle Mexican Grill Profile

Chipotle Mexican Grill, Inc, together with its subsidiaries, operates Chipotle Mexican Grill restaurants. As of December 31, 2018, it operated 2,491 restaurants, including 2,452 Chipotle restaurants in the United States, 37 Chipotle restaurants internationally, and two non-Chipotle restaurants. The company was founded in 1993 and is headquartered in Newport Beach, California.

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Institutional Ownership by Quarter for Chipotle Mexican Grill (NYSE:CMG)

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