Groupama Asset Managment Trims Stake in Chipotle Mexican Grill, Inc. $CMG

Key Points

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Groupama Asset Managment decreased its holdings in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG - Free Report) by 61.0% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 113,927 shares of the restaurant operator's stock after selling 178,236 shares during the period. Groupama Asset Managment's holdings in Chipotle Mexican Grill were worth $5,686,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in CMG. Nuveen LLC acquired a new position in shares of Chipotle Mexican Grill in the 1st quarter valued at about $535,023,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main increased its holdings in shares of Chipotle Mexican Grill by 4,138,574.1% in 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 purchasing an additional 8,318,534 shares during the period. Goldman Sachs Group Inc. increased its holdings in shares of Chipotle Mexican Grill by 98.1% in the 1st quarter. Goldman Sachs Group Inc. now owns 9,900,521 shares of the restaurant operator's stock valued at $497,105,000 after purchasing an additional 4,903,969 shares during the period. Voya Investment Management LLC increased its holdings in shares of Chipotle Mexican Grill by 114.2% in the 4th quarter. Voya Investment Management LLC now owns 8,986,971 shares of the restaurant operator's stock valued at $541,914,000 after purchasing an additional 4,790,464 shares during the period. Finally, Montrusco Bolton Investments Inc. increased its holdings in shares of Chipotle Mexican Grill by 5,319.7% in the 1st quarter. Montrusco Bolton Investments Inc. now owns 4,848,990 shares of the restaurant operator's stock valued at $235,580,000 after purchasing an additional 4,759,520 shares during the period. Institutional investors own 91.30% 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 company's stock in a transaction on 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 sale, the insider directly owned 109,815 shares in the company, valued at $5,457,805.50. This represents a 50.91% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Insiders own 0.81% of the company's stock.

Chipotle Mexican Grill Trading Up 1.6%

CMG stock traded up $0.67 during midday trading on Friday, hitting $43.58. The stock had a trading volume of 10,784,720 shares, compared to its average volume of 14,175,992. The firm has a market capitalization of $58.44 billion, a price-to-earnings ratio of 38.91, a P/E/G ratio of 2.19 and a beta of 1.05. Chipotle Mexican Grill, Inc. has a 52 week low of $41.18 and a 52 week high of $66.74. The stock has a 50-day simple moving average of $49.73 and a 200 day simple moving average of $50.73.

Chipotle Mexican Grill (NYSE:CMG - Get Free Report) last posted its quarterly earnings results on Wednesday, July 23rd. 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 43.50% and a net margin of 13.32%.The business had revenue of $3.06 billion for the quarter, compared to analysts' expectations of $3.11 billion. During the same quarter last year, the business earned $0.34 earnings per share. The firm's quarterly revenue was up 3.0% compared to the same quarter last year. On average, equities analysts forecast that Chipotle Mexican Grill, Inc. will post 1.29 EPS for the current year.

Analysts Set New Price Targets

A number of equities analysts recently commented on the company. Melius assumed coverage on Chipotle Mexican Grill in a report on Monday, July 14th. They issued a "hold" rating and a $60.00 price objective on the stock. Evercore ISI dropped their price objective on Chipotle Mexican Grill from $64.00 to $57.00 and set an "outperform" rating on the stock in a report on Thursday, April 24th. Guggenheim dropped their price objective 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. JPMorgan Chase & Co. dropped their price objective on Chipotle Mexican Grill from $58.00 to $54.00 and set a "neutral" rating on the stock in a report on Thursday, May 29th. Finally, Piper Sandler raised Chipotle Mexican Grill from a "neutral" rating to an "overweight" rating and decreased their target price for the stock from $53.00 to $50.00 in a research report on Tuesday, August 12th. One 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's stock. According to MarketBeat.com, Chipotle Mexican Grill presently has a consensus 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.