Axiom Investors LLC DE Cuts Stock Position in Chipotle Mexican Grill, Inc. $CMG

Key Points

• Axiom Investors LLC DE has reduced its stake in Chipotle Mexican Grill by 5.3%, now owning 2,917,777 shares valued at approximately $146.5 million.
• Chipotle's recent quarterly earnings report showed earnings per share of $0.33, just above estimates, but revenue of $3.06 billion fell short of expectations.
• The stock has seen a wide range in price over the past year, with a low of $40.73 and a high of $66.74, currently trading around $41.04.

Axiom Investors LLC DE lessened its stake in Chipotle Mexican Grill, Inc. (NYSE:CMG - Free Report) by 5.3% in the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 2,917,777 shares of the restaurant operator's stock after selling 163,678 shares during the quarter. Chipotle Mexican Grill makes up about 1.4% of Axiom Investors LLC DE's portfolio, making the stock its 25th biggest holding. Axiom Investors LLC DE owned 0.22% of Chipotle Mexican Grill worth $146,502,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Revolve Wealth Partners LLC increased its holdings 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 acquiring an additional 214 shares in the last quarter. Csenge Advisory Group increased its holdings 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 acquiring an additional 220 shares in the last quarter. Money Concepts Capital Corp increased its holdings 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 acquiring an additional 221 shares in the last quarter. Northwest Bank & Trust Co increased its holdings 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 acquiring an additional 236 shares in the last quarter. Finally, Covestor Ltd increased its holdings 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 acquiring an additional 242 shares in the last quarter. Hedge funds and other institutional investors own 91.30% of the company's stock.

Chipotle Mexican Grill Trading Up 1.0%

NYSE CMG traded up $0.38 during trading hours on Thursday, reaching $39.09. The company had a trading volume of 12,856,934 shares, compared to its average volume of 14,493,323. The stock has a 50-day moving average of $46.28 and a 200 day moving average of $49.31. Chipotle Mexican Grill, Inc. has a 1-year low of $38.30 and a 1-year high of $66.74. The stock has a market capitalization of $52.41 billion, a P/E ratio of 34.90, a price-to-earnings-growth ratio of 2.01 and a beta of 1.02.

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

Analysts Set New Price Targets

Several equities research analysts recently commented on CMG shares. Rothschild Redb raised shares of Chipotle Mexican Grill from a "hold" rating to a "strong-buy" rating in a report on Wednesday, September 3rd. Raymond James Financial lowered their target price on shares of Chipotle Mexican Grill from $60.00 to $56.00 and set an "outperform" rating on the stock in a research note on Friday, August 15th. Stifel Nicolaus lowered their target price on shares of Chipotle Mexican Grill from $65.00 to $60.00 and set a "buy" rating on the stock in a research note on Tuesday. Truist Financial lowered their target price on shares of Chipotle Mexican Grill from $64.00 to $60.00 and set a "buy" rating on the stock in a research note on Friday, July 25th. Finally, Piper Sandler raised shares of Chipotle Mexican Grill from a "neutral" rating to an "overweight" rating and lowered their target price for the stock from $53.00 to $50.00 in a research note on Tuesday, August 12th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-one have given a Buy rating and eight have given a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $59.76.

Chipotle Mexican Grill Company Profile

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.