Chipotle Mexican Grill, Inc. (NYSE:CMG) Stock Position Lowered by Invesco Ltd.

Invesco Ltd. lessened its position in Chipotle Mexican Grill, Inc. (NYSE:CMG - Free Report) by 9.7% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 5,681,329 shares of the restaurant operator's stock after selling 612,215 shares during the period. Invesco Ltd. owned approximately 0.42% of Chipotle Mexican Grill worth $285,260,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Charles Schwab Investment Management Inc. raised its stake in shares of Chipotle Mexican Grill by 5.8% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 8,979,637 shares of the restaurant operator's stock worth $450,868,000 after buying an additional 491,002 shares in the last quarter. Banco Santander S.A. grew its holdings in shares of Chipotle Mexican Grill by 47.6% in the 1st quarter. Banco Santander S.A. now owns 31,764 shares of the restaurant operator's stock worth $1,595,000 after acquiring an additional 10,246 shares during the last quarter. Community Trust & Investment Co. acquired a new position in shares of Chipotle Mexican Grill in the 1st quarter worth $7,773,000. LPL Financial LLC grew its holdings in shares of Chipotle Mexican Grill by 4.3% in the 1st quarter. LPL Financial LLC now owns 1,276,359 shares of the restaurant operator's stock worth $64,086,000 after acquiring an additional 52,937 shares during the last quarter. Finally, Jefferies Financial Group Inc. grew its holdings in shares of Chipotle Mexican Grill by 525.5% in the 1st quarter. Jefferies Financial Group Inc. now owns 102,236 shares of the restaurant operator's stock worth $5,133,000 after acquiring an additional 85,892 shares during the last quarter. Institutional investors own 91.31% of the company's stock.

Insider Buying and Selling at Chipotle Mexican Grill

In related news, insider Roger E. Theodoredis sold 113,875 shares of the business's stock in a transaction dated Monday, June 2nd. The stock was sold at an average price of $49.70, for a total transaction of $5,659,587.50. Following the completion of the transaction, the insider owned 109,815 shares of the company's stock, valued at approximately $5,457,805.50. The trade was a 50.91% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 1.02% of the company's stock.

Chipotle Mexican Grill Price Performance

Shares of NYSE:CMG opened at $42.78 on Wednesday. Chipotle Mexican Grill, Inc. has a fifty-two week low of $41.18 and a fifty-two week high of $66.74. The business has a 50-day moving average of $50.90 and a two-hundred day moving average of $51.41. The stock has a market capitalization of $57.36 billion, a P/E ratio of 38.19, a P/E/G ratio of 2.12 and a beta of 1.05.

Chipotle Mexican Grill (NYSE:CMG - Get Free Report) last posted its quarterly earnings data on Wednesday, July 23rd. The restaurant operator reported $0.33 earnings per share for the quarter, topping the consensus estimate 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 business had revenue of $3.06 billion during the quarter, compared to analysts' expectations of $3.11 billion. During the same quarter in the previous year, the firm earned $0.34 EPS. The firm's revenue was up 3.0% compared to the same quarter last year. As a group, research analysts expect that Chipotle Mexican Grill, Inc. will post 1.29 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts recently issued reports on the company. UBS Group lifted their target price on Chipotle Mexican Grill from $60.00 to $65.00 and gave the stock a "buy" rating in a report on Thursday, July 17th. Argus cut Chipotle Mexican Grill from a "buy" rating to a "hold" rating in a report on Monday, April 28th. Redburn Atlantic assumed coverage on Chipotle Mexican Grill in a report on Tuesday, June 10th. They issued a "neutral" rating and a $55.00 target price on the stock. Morgan Stanley decreased their target price on Chipotle Mexican Grill from $67.00 to $65.00 and set an "overweight" rating on the stock in a report on Thursday, April 24th. Finally, Guggenheim decreased their target price on Chipotle Mexican Grill from $47.00 to $46.00 and set a "neutral" rating on the stock in a report on Friday, July 25th. Eight investment analysts have rated the stock with a hold rating, twenty have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $60.61.

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.

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