Chipotle Mexican Grill, Inc. $CMG Shares Sold by Amundi

Amundi trimmed its holdings in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG - Free Report) by 10.2% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 10,752,786 shares of the restaurant operator's stock after selling 1,227,406 shares during the period. Amundi owned 0.85% of Chipotle Mexican Grill worth $365,595,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in the stock. Wealth Watch Advisors INC acquired a new position in Chipotle Mexican Grill in the 3rd quarter worth $25,000. MV Capital Management Inc. acquired a new stake in shares of Chipotle Mexican Grill during the fourth quarter valued at about $26,000. Osbon Capital Management LLC purchased a new stake in shares of Chipotle Mexican Grill during the second quarter worth about $26,000. Meeder Asset Management Inc. purchased a new stake in shares of Chipotle Mexican Grill during the second quarter worth about $27,000. Finally, Merkkuri Wealth Advisors LLC acquired a new position in shares of Chipotle Mexican Grill in the first quarter worth about $28,000. 91.30% of the stock is currently owned by institutional investors and hedge funds.

Chipotle Mexican Grill Stock Performance

Shares of CMG opened at $36.96 on Tuesday. Chipotle Mexican Grill, Inc. has a 52 week low of $28.03 and a 52 week high of $42.81. The firm has a market cap of $46.77 billion, a price-to-earnings ratio of 33.91, a PEG ratio of 2.26 and a beta of 0.94. The stock has a 50 day moving average of $35.00 and a 200-day moving average of $33.93.

Chipotle Mexican Grill (NYSE:CMG - Get Free Report) last posted its quarterly earnings results on Wednesday, July 29th. The restaurant operator reported $0.33 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.32 by $0.01. Chipotle Mexican Grill had a return on equity of 54.65% and a net margin of 11.43%.The business had revenue of $3.35 billion for the quarter, compared to analyst estimates of $3.33 billion. During the same period in the prior year, the company posted $0.33 EPS. The business's revenue was up 9.3% compared to the same quarter last year. On average, sell-side analysts predict that Chipotle Mexican Grill, Inc. will post 1.15 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on CMG shares. DA Davidson raised their price objective on Chipotle Mexican Grill from $45.00 to $50.00 and gave the company a "buy" rating in a research note on Thursday, July 30th. Sanford C. Bernstein reaffirmed an "outperform" rating on shares of Chipotle Mexican Grill in a research report on Friday, July 31st. Citigroup reduced their target price on Chipotle Mexican Grill from $46.00 to $45.00 and set a "buy" rating for the company in a research note on Monday, July 13th. Stephens restated a "positive" rating and issued a $40.00 price target (up from $36.00) on shares of Chipotle Mexican Grill in a research note on Thursday, July 30th. Finally, JPMorgan Chase & Co. raised shares of Chipotle Mexican Grill from a "neutral" rating to an "overweight" rating and cut their price target for the company from $38.00 to $35.00 in a report on Friday, June 5th. Twenty-three equities research analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, Chipotle Mexican Grill presently has an average rating of "Moderate Buy" and a consensus price target of $43.84.

Insider Buying and Selling at Chipotle Mexican Grill

In other news, insider Matthew R. Bush sold 2,675 shares of the firm's stock in a transaction dated Friday, August 21st. The shares were sold at an average price of $35.75, for a total value of $95,631.25. Following the transaction, the insider directly owned 21,415 shares in the company, valued at approximately $765,586.25. This trade represents a 11.10% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Company insiders own 0.45% of the company's stock.

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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