Chipotle Mexican Grill, Inc. $CMG Stock Holdings Decreased by Infusive Asset Management Inc.

Key Points

• Infusive Asset Management Inc. has decreased its stake in Chipotle Mexican Grill by 42.8%, now holding 57,764 shares valued at approximately $2.9 million.
• Several institutional investors, such as Integrated Wealth Concepts LLC and Alliancebernstein L.P., have increased their holdings in Chipotle, indicating ongoing interest in the stock despite Infusive's decrease.
• Chipotle's quarterly earnings showed a slight beat on EPS with $0.33, against estimates of $0.32, but revenue fell short of expectations at $3.06 billion compared to a consensus of $3.11 billion.

Infusive Asset Management Inc. lowered its stake in Chipotle Mexican Grill, Inc. (NYSE:CMG - Free Report) by 42.8% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 57,764 shares of the restaurant operator's stock after selling 43,305 shares during the period. Chipotle Mexican Grill accounts for approximately 1.3% of Infusive Asset Management Inc.'s holdings, making the stock its 28th biggest holding. Infusive Asset Management Inc.'s holdings in Chipotle Mexican Grill were worth $2,900,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Integrated Wealth Concepts LLC boosted its holdings in shares of Chipotle Mexican Grill by 13.9% in the 1st quarter. Integrated Wealth Concepts LLC now owns 24,490 shares of the restaurant operator's stock valued at $1,230,000 after buying an additional 2,991 shares during the period. Hancock Whitney Corp boosted its holdings in shares of Chipotle Mexican Grill by 0.9% in the 1st quarter. Hancock Whitney Corp now owns 32,645 shares of the restaurant operator's stock valued at $1,639,000 after buying an additional 307 shares during the period. DoubleLine ETF Adviser LP acquired a new position in Chipotle Mexican Grill during the 1st quarter valued at about $1,607,000. Alliancebernstein L.P. boosted its stake in Chipotle Mexican Grill by 8.0% during the 1st quarter. Alliancebernstein L.P. now owns 32,505,318 shares of the restaurant operator's stock valued at $1,632,092,000 after purchasing an additional 2,404,798 shares during the period. Finally, AQR Capital Management LLC boosted its stake in Chipotle Mexican Grill by 1.6% during the 1st quarter. AQR Capital Management LLC now owns 1,533,656 shares of the restaurant operator's stock valued at $75,395,000 after purchasing an additional 24,269 shares during the period. Institutional investors own 91.30% of the company's stock.

Chipotle Mexican Grill Stock Performance

Shares of CMG opened at $41.38 on Friday. The company's 50 day moving average price is $47.63 and its 200 day moving average price is $49.68. Chipotle Mexican Grill, Inc. has a 52 week low of $41.03 and a 52 week high of $66.74. The company has a market capitalization of $55.49 billion, a PE ratio of 36.95, a PEG ratio of 2.13 and a beta of 1.02.

Chipotle Mexican Grill (NYSE:CMG - Get Free Report) last announced its quarterly earnings data 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 firm had revenue of $3.06 billion for the quarter, compared to the consensus estimate of $3.11 billion. During the same period in the previous year, the firm posted $0.34 earnings per share. The firm's revenue was up 3.0% on a year-over-year basis. On average, equities analysts forecast that Chipotle Mexican Grill, Inc. will post 1.29 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on CMG shares. Barclays reduced their price target on shares of Chipotle Mexican Grill from $55.00 to $53.00 and set an "equal weight" rating for the company in a research note on Thursday, July 24th. Citigroup reduced their price target on shares of Chipotle Mexican Grill from $68.00 to $62.00 and set a "buy" rating for the company in a research note on Thursday, July 24th. TD Securities reaffirmed a "buy" rating and issued a $57.00 price target on shares of Chipotle Mexican Grill in a research note on Wednesday, June 18th. UBS Group upped their price target on shares of Chipotle Mexican Grill from $60.00 to $65.00 and gave the stock a "buy" rating in a research note on Thursday, July 17th. Finally, JPMorgan Chase & Co. dropped their target price on shares of Chipotle Mexican Grill from $58.00 to $54.00 and set a "neutral" rating on the stock in a report on Thursday, May 29th. Two research analysts have rated the stock with a Strong Buy rating, twenty have assigned a Buy rating and eight have given a Hold rating to the stock. Based on data from MarketBeat, Chipotle Mexican Grill presently has a consensus rating of "Moderate Buy" and a consensus target price of $60.04.

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.

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