Alyeska Investment Group L.P. Has $206.49 Million Holdings in Chipotle Mexican Grill, Inc. $CMG

Key Points

• Alyeska Investment Group L.P. sold 1,898,722 shares of Chipotle Mexican Grill, reducing its stake by 31.6%, leaving it with 4,112,522 shares worth approximately $206.49 million.
• Analysts have lowered price targets for Chipotle Mexican Grill, with Robert W. Baird setting a target of $59.00 and Barclays adjusting theirs to $53.00, while the average consensus target price is $60.22.
• Chipotle's latest earnings report showed earnings of $0.33 per share, surpassing estimates, but revenue of $3.06 billion fell short of the $3.11 billion projection, reflecting a 3% increase year-over-year.

Alyeska Investment Group L.P. lessened its stake in Chipotle Mexican Grill, Inc. (NYSE:CMG - Free Report) by 31.6% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,112,522 shares of the restaurant operator's stock after selling 1,898,722 shares during the period. Chipotle Mexican Grill accounts for 0.8% of Alyeska Investment Group L.P.'s portfolio, making the stock its 20th largest holding. Alyeska Investment Group L.P. owned about 0.31% of Chipotle Mexican Grill worth $206,490,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently bought and sold shares of the stock. Revolve Wealth Partners LLC raised its position in Chipotle Mexican Grill by 4.7% in the 4th quarter. Revolve Wealth Partners LLC now owns 4,804 shares of the restaurant operator's stock worth $290,000 after purchasing an additional 214 shares during the last quarter. Csenge Advisory Group raised its position in Chipotle Mexican Grill by 5.0% in the 1st quarter. Csenge Advisory Group now owns 4,603 shares of the restaurant operator's stock worth $222,000 after purchasing an additional 220 shares during the last quarter. Money Concepts Capital Corp raised its position in Chipotle Mexican Grill by 3.0% in the 1st quarter. Money Concepts Capital Corp now owns 7,491 shares of the restaurant operator's stock worth $376,000 after purchasing an additional 221 shares during the last quarter. Northwest Bank & Trust Co raised its position in Chipotle Mexican Grill by 0.5% in the 4th quarter. Northwest Bank & Trust Co now owns 45,324 shares of the restaurant operator's stock worth $2,788,000 after purchasing an additional 236 shares during the last quarter. Finally, Covestor Ltd raised its position in Chipotle Mexican Grill by 5.3% in the 1st quarter. Covestor Ltd now owns 4,782 shares of the restaurant operator's stock worth $240,000 after purchasing an additional 242 shares during the last quarter. Institutional investors own 91.30% of the company's stock.

Analyst Ratings Changes

CMG has been the subject of several recent research reports. JPMorgan Chase & Co. dropped their target price on shares of Chipotle Mexican Grill from $58.00 to $54.00 and set a "neutral" rating for the company in a research report on Thursday, May 29th. Wells Fargo & Company dropped their target price on shares of Chipotle Mexican Grill from $65.00 to $60.00 and set an "overweight" rating for the company in a research report on Thursday, July 24th. Piper Sandler upgraded shares of Chipotle Mexican Grill from a "neutral" rating to an "overweight" rating and dropped their target price for the company from $53.00 to $50.00 in a research report on Tuesday, August 12th. Redburn Atlantic initiated coverage on shares of Chipotle Mexican Grill in a research report on Tuesday, June 10th. They set a "neutral" rating and a $55.00 target price for the company. Finally, Rothschild Redb upgraded shares of Chipotle Mexican Grill from a "hold" rating to a "strong-buy" rating in a research report on Wednesday. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating and eight have issued a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $59.93.

Chipotle Mexican Grill Trading Down 0.9%

Shares of CMG stock traded down $0.37 on Friday, hitting $41.04. The stock had a trading volume of 21,999,135 shares, compared to its average volume of 15,741,330. Chipotle Mexican Grill, Inc. has a twelve month low of $40.73 and a twelve month high of $66.74. The firm has a market cap of $55.03 billion, a P/E ratio of 36.64, a PEG ratio of 2.11 and a beta of 1.02. The company has a fifty day moving average price of $47.35 and a two-hundred day moving average price of $49.59.

Chipotle Mexican Grill (NYSE:CMG - Get Free Report) last announced its earnings results on Wednesday, July 23rd. The restaurant operator reported $0.33 earnings per share for the quarter, topping analysts' consensus estimates of $0.32 by $0.01. The firm had revenue of $3.06 billion during the quarter, compared to analyst estimates of $3.11 billion. Chipotle Mexican Grill had a net margin of 13.32% and a return on equity of 43.50%. The company's revenue for the quarter was up 3.0% compared to the same quarter last year. During the same period in the prior year, the business earned $0.34 EPS. On average, analysts expect that Chipotle Mexican Grill, Inc. will post 1.29 earnings per share for the current year.

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.