Epoch Investment Partners Inc. Sells 193,763 Shares of Chipotle Mexican Grill, Inc. $CMG

Key Points

• Epoch Investment Partners Inc. reduced its stake in Chipotle Mexican Grill by 34%, now holding approximately 376,391 shares worth $18.90 million.
• Other institutional investors, such as Charles Schwab and Banco Santander, have increased their positions in Chipotle, indicating strong interest among hedge funds.
• Analyst ratings show a positive outlook, with 19 analysts rating Chipotle as a Buy and an average price target of $60.22.

Epoch Investment Partners Inc. cut its position in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG - Free Report) by 34.0% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 376,391 shares of the restaurant operator's stock after selling 193,763 shares during the quarter. Epoch Investment Partners Inc.'s holdings in Chipotle Mexican Grill were worth $18,899,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in CMG. Revolve Wealth Partners LLC increased its position in Chipotle Mexican Grill by 4.7% in the fourth quarter. Revolve Wealth Partners LLC now owns 4,804 shares of the restaurant operator's stock worth $290,000 after buying an additional 214 shares during the period. Bank Pictet & Cie Europe AG increased its position in Chipotle Mexican Grill by 22.5% in the fourth quarter. Bank Pictet & Cie Europe AG now owns 1,518,593 shares of the restaurant operator's stock worth $91,571,000 after buying an additional 279,267 shares during the period. Integrated Wealth Concepts LLC increased its position in Chipotle Mexican Grill by 17.7% in the fourth quarter. Integrated Wealth Concepts LLC now owns 21,499 shares of the restaurant operator's stock worth $1,296,000 after buying an additional 3,230 shares during the period. Quarry LP increased its position in Chipotle Mexican Grill by 93.4% in the fourth quarter. Quarry LP now owns 2,358 shares of the restaurant operator's stock worth $142,000 after buying an additional 1,139 shares during the period. Finally, The Manufacturers Life Insurance Company increased its position in Chipotle Mexican Grill by 32.4% in the fourth quarter. The Manufacturers Life Insurance Company now owns 1,922,603 shares of the restaurant operator's stock worth $115,933,000 after buying an additional 470,626 shares during the period. 91.30% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

CMG has been the topic of a number of research analyst reports. Citigroup lowered their price target on Chipotle Mexican Grill from $68.00 to $62.00 and set a "buy" rating on the stock in a report on Thursday, July 24th. Stephens reissued an "equal weight" rating and set a $60.00 price target on shares of Chipotle Mexican Grill in a report on Thursday, July 24th. KeyCorp lowered their price target on Chipotle Mexican Grill from $60.00 to $58.00 and set an "overweight" rating on the stock in a report on Thursday, July 24th. BMO Capital Markets raised Chipotle Mexican Grill from a "market perform" rating to an "outperform" rating and raised their price target for the company from $56.00 to $65.00 in a report on Friday, July 18th. Finally, Truist Financial lowered their price target on Chipotle Mexican Grill from $64.00 to $60.00 and set a "buy" rating on the stock in a report on Friday, July 25th. One research analyst has rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and eight have issued a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $60.22.

Chipotle Mexican Grill Trading Down 0.6%

CMG stock traded down $0.26 during trading hours on Thursday, hitting $42.39. 13,209,647 shares of the stock traded hands, compared to its average volume of 17,086,556. Chipotle Mexican Grill, Inc. has a one year low of $41.18 and a one year high of $66.74. The company has a market cap of $56.84 billion, a P/E ratio of 37.85, a P/E/G ratio of 2.17 and a beta of 1.05. The stock has a 50-day simple moving average of $48.86 and a 200 day simple moving average of $50.21.

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

Insiders Place Their Bets

In other Chipotle Mexican Grill news, insider Roger E. Theodoredis sold 113,875 shares of Chipotle Mexican Grill 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 transaction, the insider owned 109,815 shares of the company's stock, valued at $5,457,805.50. The trade was a 50.91% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 0.81% of the stock is currently owned by company insiders.

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.