International Assets Investment Management LLC Trims Stock Holdings in Chipotle Mexican Grill, Inc. $CMG

Key Points

• International Assets Investment Management LLC has reduced its holdings in Chipotle Mexican Grill by 30%, leaving it with 14,125 shares valued at approximately $793,000.
• Chipotle reported a Q2 EPS of $0.33, slightly exceeding analyst expectations, and had a revenue of $3.06 billion, which was short of the anticipated $3.11 billion.
• Several institutional investors, including Vanguard Group and Price T Rowe Associates, have increased their positions in Chipotle, indicating strong institutional interest as they own 91.30% of the company's stock.

International Assets Investment Management LLC lowered its holdings in Chipotle Mexican Grill, Inc. (NYSE:CMG - Free Report) by 30.0% in the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 14,125 shares of the restaurant operator's stock after selling 6,048 shares during the period. International Assets Investment Management LLC's holdings in Chipotle Mexican Grill were worth $793,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Vanguard Group Inc. raised its position in shares of Chipotle Mexican Grill by 1.3% during the 1st quarter. Vanguard Group Inc. now owns 122,463,327 shares of the restaurant operator's stock valued at $6,148,884,000 after acquiring an additional 1,597,287 shares in the last quarter. Price T Rowe Associates Inc. MD raised its position in shares of Chipotle Mexican Grill by 7.6% during the 1st 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 acquiring an additional 4,027,016 shares in the last quarter. Alliancebernstein L.P. raised its position in shares of 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 acquiring an additional 2,404,798 shares in the last quarter. American Century Companies Inc. raised its position in shares of Chipotle Mexican Grill by 2.1% during the 1st quarter. American Century Companies Inc. now owns 20,662,628 shares of the restaurant operator's stock valued at $1,037,471,000 after acquiring an additional 425,648 shares in the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its position in shares of Chipotle Mexican Grill by 8.1% during the 1st 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 valued at $557,904,000 after acquiring an additional 833,760 shares in the last quarter. Institutional investors and hedge funds own 91.30% of the company's stock.

Chipotle Mexican Grill Price Performance

CMG opened at $41.64 on Tuesday. Chipotle Mexican Grill, Inc. has a 12 month low of $38.30 and a 12 month high of $66.74. The stock has a market cap of $55.84 billion, a P/E ratio of 37.18, a P/E/G ratio of 2.53 and a beta of 0.99. The stock's 50 day moving average price is $41.11 and its 200 day moving average price is $47.25.

Chipotle Mexican Grill (NYSE:CMG - Get Free Report) last posted its earnings results on Wednesday, July 23rd. The restaurant operator reported $0.33 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 firm had revenue of $3.06 billion for the quarter, compared to analysts' expectations of $3.11 billion. During the same period last year, the firm earned $0.34 EPS. The firm's revenue was up 3.0% compared to the same quarter last year. Equities analysts anticipate that Chipotle Mexican Grill, Inc. will post 1.29 EPS for the current year.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on CMG shares. Jefferies Financial Group dropped their price target on Chipotle Mexican Grill from $48.00 to $44.00 and set a "hold" rating on the stock in a research report on Monday, October 13th. Weiss Ratings reissued a "hold (c)" rating on shares of Chipotle Mexican Grill in a research report on Wednesday, October 8th. Truist Financial dropped their price target on Chipotle Mexican Grill from $60.00 to $53.00 and set a "buy" rating on the stock in a research report on Tuesday, October 14th. BTIG Research reiterated a "buy" rating and set a $57.00 price target on shares of Chipotle Mexican Grill in a research report on Friday, September 5th. Finally, TD Cowen reiterated a "buy" rating and set a $58.00 price target on shares of Chipotle Mexican Grill in a research report on Friday, September 19th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating and nine have given a Hold rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $57.03.

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.

Want to see what other hedge funds are holding CMG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Chipotle Mexican Grill, Inc. (NYSE:CMG - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.