Assetmark Inc. Lowers Stock Position in Chipotle Mexican Grill, Inc. $CMG

Key Points

• Assetmark Inc. cut its Chipotle stake by 31.3% in Q4, selling 156,180 shares and ending the period with 342,270 shares valued at about $12.66 million.
• Analyst sentiment is mixed but tilted positive: 24 Buys, 11 Holds and 1 Sell give a consensus rating of "Moderate Buy" with a $46.97 average price target, while a few firms have recently adjusted ratings and targets (e.g., Bernstein raised its target to $50).
• Chipotle trades with a market cap of roughly $45.7 billion and a P/E of ~30.8; it recently reported an earnings beat ($0.25 vs. $0.24) and revenue of $2.98 billion, up 4.9% year-over-year, with a 52-week range of $29.75–$58.42.

Assetmark Inc. reduced its stake in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG - Free Report) by 31.3% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 342,270 shares of the restaurant operator's stock after selling 156,180 shares during the period. Assetmark Inc.'s holdings in Chipotle Mexican Grill were worth $12,664,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Salomon & Ludwin LLC purchased a new position in shares of Chipotle Mexican Grill during the 3rd quarter valued at about $26,000. Wealth Watch Advisors INC purchased a new position in Chipotle Mexican Grill in the 3rd quarter worth approximately $25,000. Financial Life Planners purchased a new position in Chipotle Mexican Grill in the 3rd quarter worth approximately $25,000. Steigerwald Gordon & Koch Inc. purchased a new position in Chipotle Mexican Grill in the 3rd quarter worth approximately $29,000. Finally, Murphy & Mullick Capital Management Corp lifted its holdings in Chipotle Mexican Grill by 106.7% in the 3rd quarter. Murphy & Mullick Capital Management Corp now owns 775 shares of the restaurant operator's stock worth $30,000 after purchasing an additional 400 shares in the last quarter. 91.30% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research firms recently commented on CMG. Wall Street Zen raised Chipotle Mexican Grill from a "sell" rating to a "hold" rating in a report on Saturday, March 7th. Sanford C. Bernstein boosted their price target on Chipotle Mexican Grill from $40.00 to $50.00 and gave the stock an "outperform" rating in a report on Monday, January 5th. Weiss Ratings reissued a "hold (c-)" rating on shares of Chipotle Mexican Grill in a report on Monday, December 29th. BNP Paribas Exane began coverage on Chipotle Mexican Grill in a report on Monday, March 30th. They issued a "neutral" rating and a $37.00 price target on the stock. Finally, Gordon Haskett cut Chipotle Mexican Grill from a "strong-buy" rating to a "hold" rating in a report on Thursday, January 8th. Twenty-four analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat, Chipotle Mexican Grill currently has an average rating of "Moderate Buy" and a consensus target price of $46.97.

Chipotle Mexican Grill Stock Performance

NYSE CMG opened at $35.06 on Friday. The company has a market cap of $45.66 billion, a P/E ratio of 30.75, a P/E/G ratio of 2.16 and a beta of 1.06. The business's 50 day moving average price is $35.04 and its 200-day moving average price is $36.40. Chipotle Mexican Grill, Inc. has a fifty-two week low of $29.75 and a fifty-two week high of $58.42.

Chipotle Mexican Grill (NYSE:CMG - Get Free Report) last announced its quarterly earnings data on Tuesday, February 3rd. The restaurant operator reported $0.25 EPS for the quarter, beating the consensus estimate of $0.24 by $0.01. The company had revenue of $2.98 billion for the quarter, compared to the consensus estimate of $2.96 billion. Chipotle Mexican Grill had a return on equity of 47.99% and a net margin of 12.88%.Chipotle Mexican Grill's quarterly revenue was up 4.9% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.25 EPS. As a group, equities analysts predict that Chipotle Mexican Grill, Inc. will post 1.29 EPS for the current 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.

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