Harold Davidson & Associates Inc. Lowers Stock Position in Chipotle Mexican Grill, Inc. $CMG

Key Points

• Harold Davidson & Associates Inc. has reduced its stake in Chipotle Mexican Grill by 20.4%, now holding 30,762 shares worth approximately $1.5 million after selling 7,876 shares in the first quarter.
• Institutional investors own 91.3% of Chipotle's stock, with Vanguard Group Inc. leading with over 122 million shares valued at $6.15 billion.
• Chipotle's latest earnings report showed a net margin of 13.32% and revenue of $3.06 billion, slightly missing analysts' expectations, while the stock has an average target price of $59.76.

Harold Davidson & Associates Inc. decreased its stake in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG - Free Report) by 20.4% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 30,762 shares of the restaurant operator's stock after selling 7,876 shares during the period. Harold Davidson & Associates Inc.'s holdings in Chipotle Mexican Grill were worth $1,545,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of CMG. Vanguard Group Inc. raised its holdings in Chipotle Mexican Grill by 1.3% in the first quarter. Vanguard Group Inc. now owns 122,463,327 shares of the restaurant operator's stock worth $6,148,884,000 after buying an additional 1,597,287 shares during the last quarter. Price T Rowe Associates Inc. MD grew its position in Chipotle Mexican Grill by 7.6% during 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 buying an additional 4,027,016 shares during the period. Alliancebernstein L.P. grew its position in Chipotle Mexican Grill by 8.0% during the first quarter. Alliancebernstein L.P. now owns 32,505,318 shares of the restaurant operator's stock valued at $1,632,092,000 after buying an additional 2,404,798 shares during the period. American Century Companies Inc. boosted its position in shares of Chipotle Mexican Grill by 2.1% in the first quarter. American Century Companies Inc. now owns 20,662,628 shares of the restaurant operator's stock worth $1,037,471,000 after purchasing an additional 425,648 shares during the period. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its position in shares of Chipotle Mexican Grill by 8.1% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 11,111,416 shares of the restaurant operator's stock worth $557,904,000 after purchasing an additional 833,760 shares during the period. 91.30% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

CMG has been the subject of a number of research reports. Wells Fargo & Company dropped their target price 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. Piper Sandler raised shares of Chipotle Mexican Grill from a "neutral" rating to an "overweight" rating and reduced their price target for the stock from $53.00 to $50.00 in a research note on Tuesday, August 12th. BMO Capital Markets raised shares of Chipotle Mexican Grill from a "market perform" rating to an "outperform" rating and raised their price target for the stock from $56.00 to $65.00 in a research note on Friday, July 18th. Melius assumed coverage on shares of Chipotle Mexican Grill in a report on Monday, July 14th. They set a "hold" rating and a $60.00 target price on the stock. Finally, TD Securities reaffirmed a "buy" rating and issued a $57.00 price objective on shares of Chipotle Mexican Grill in a research report on Wednesday, June 18th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating and eight have assigned a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $59.76.

Chipotle Mexican Grill Trading Down 0.8%

NYSE:CMG traded down $0.31 during trading hours on Friday, reaching $38.65. 22,287,567 shares of the company were exchanged, compared to its average volume of 17,157,708. Chipotle Mexican Grill, Inc. has a twelve month low of $38.30 and a twelve month high of $66.74. The firm has a market cap of $51.83 billion, a PE ratio of 34.51, a price-to-earnings-growth ratio of 1.97 and a beta of 1.02. The stock's 50-day moving average is $45.54 and its 200-day moving average is $49.08.

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

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.