Chipotle Mexican Grill, Inc. $CMG Shares Sold by Vident Advisory LLC

Key Points

• Vident Advisory LLC significantly reduced its stake in Chipotle Mexican Grill by 45.2%, selling 195,067 shares and retaining 236,025 shares worth approximately $11.85 million.
• Several institutional investors have increased their positions in Chipotle, with groups like Revolve Wealth Partners LLC and Bank Pictet & Cie Europe AG raising their stakes.
• Chipotle's recent quarterly earnings surpassed analyst expectations, reporting $3.06 billion in revenue, though slightly below consensus estimates, while earnings per share were $0.33, beating forecasts of $0.32.

Vident Advisory LLC lessened its holdings in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG - Free Report) by 45.2% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 236,025 shares of the restaurant operator's stock after selling 195,067 shares during the quarter. Vident Advisory LLC's holdings in Chipotle Mexican Grill were worth $11,851,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in CMG. Nuveen LLC purchased a new position in Chipotle Mexican Grill during the first quarter worth about $535,023,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main increased its stake in shares of Chipotle Mexican Grill by 4,138,574.1% during the 4th quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 8,318,735 shares of the restaurant operator's stock valued at $501,620,000 after acquiring an additional 8,318,534 shares during the last quarter. Goldman Sachs Group Inc. lifted its holdings in shares of Chipotle Mexican Grill by 98.1% during the 1st quarter. Goldman Sachs Group Inc. now owns 9,900,521 shares of the restaurant operator's stock worth $497,105,000 after acquiring an additional 4,903,969 shares during the period. Montrusco Bolton Investments Inc. boosted its position in shares of Chipotle Mexican Grill by 5,319.7% in the first quarter. Montrusco Bolton Investments Inc. now owns 4,848,990 shares of the restaurant operator's stock worth $235,580,000 after acquiring an additional 4,759,520 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD grew its holdings in Chipotle Mexican Grill by 7.6% in the first quarter. Price T Rowe Associates Inc. MD now owns 56,827,332 shares of the restaurant operator's stock valued at $2,853,302,000 after purchasing an additional 4,027,016 shares during the period. Hedge funds and other institutional investors own 91.30% of the company's stock.

Chipotle Mexican Grill Price Performance

NYSE CMG traded down $0.26 during trading hours on Monday, hitting $42.15. The company had a trading volume of 14,787,525 shares, compared to its average volume of 16,218,019. Chipotle Mexican Grill, Inc. has a fifty-two week low of $41.18 and a fifty-two week high of $66.74. The company has a market capitalization of $56.52 billion, a price-to-earnings ratio of 37.64, a P/E/G ratio of 2.14 and a beta of 1.02. The firm's 50 day moving average is $48.64 and its 200 day moving average is $50.01.

Chipotle Mexican Grill (NYSE:CMG - Get Free Report) last issued its quarterly earnings data on Wednesday, July 23rd. The restaurant operator reported $0.33 EPS for the quarter, topping analysts' consensus estimates of $0.32 by $0.01. Chipotle Mexican Grill had a return on equity of 43.50% and a net margin of 13.32%.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 previous year, the firm posted $0.34 earnings per share. The firm's quarterly revenue was up 3.0% on a year-over-year basis. On average, equities analysts anticipate that Chipotle Mexican Grill, Inc. will post 1.29 EPS for the current year.

Wall Street Analyst Weigh In

Several equities analysts recently commented on CMG shares. Wells Fargo & Company dropped their price target 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. JPMorgan Chase & Co. dropped their price objective on Chipotle Mexican Grill from $58.00 to $54.00 and set a "neutral" rating for the company in a report on Thursday, May 29th. TD Securities reaffirmed a "buy" rating and issued a $57.00 target price on shares of Chipotle Mexican Grill in a research report on Wednesday, June 18th. Barclays reduced their target price on Chipotle Mexican Grill from $55.00 to $53.00 and set an "equal weight" rating on the stock in a report on Thursday, July 24th. Finally, Stephens restated an "equal weight" rating and set a $60.00 price target on shares of Chipotle Mexican Grill in a research note on Thursday, July 24th. One research analyst has rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and eight have given a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $60.22.

Chipotle Mexican Grill 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.