One Way Holdings LLC Sells 499,619 Shares of Chipotle Mexican Grill, Inc. $CMG

Key Points

• One Way Holdings LLC reduced its Chipotle stake by 81.3% in the third quarter, selling 499,619 shares and retaining 115,263 shares valued at approximately $3.68 million.
• Institutional investors own 91.3% of Chipotle, while company insiders hold just 0.45%; insider Matthew R. Bush also sold 2,675 shares.
• Analysts maintain a generally positive outlook, with a consensus “Moderate Buy” rating and a $42.36 price target, despite Chipotle narrowly missing quarterly earnings estimates.

One Way Holdings LLC cut its stake in Chipotle Mexican Grill, Inc. (NYSE:CMG - Free Report) by 81.3% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 115,263 shares of the restaurant operator's stock after selling 499,619 shares during the period. One Way Holdings LLC's holdings in Chipotle Mexican Grill were worth $3,683,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. BlackRock Inc. purchased a new position in Chipotle Mexican Grill in the 2nd quarter valued at approximately $4,417,475,000. Bank of America Corp DE acquired a new stake in Chipotle Mexican Grill in the second quarter valued at $383,483,000. Legal & General Group Plc acquired a new stake in Chipotle Mexican Grill in the second quarter valued at $265,887,000. Man Group plc purchased a new position in shares of Chipotle Mexican Grill in the second quarter valued at $240,389,000. Finally, Bank of New York Mellon Corp purchased a new position in shares of Chipotle Mexican Grill in the second quarter valued at $222,809,000. 91.30% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, insider Matthew R. Bush sold 2,675 shares of the company's stock in a transaction dated Friday, August 21st. The shares were sold at an average price of $35.75, for a total transaction of $95,631.25. Following the completion of the transaction, the insider owned 21,415 shares of the company's stock, valued at $765,586.25. This represents a 11.10% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 0.45% of the stock is owned by company insiders.

Analyst Ratings Changes

CMG has been the topic of several recent research reports. Weiss Ratings upgraded shares of Chipotle Mexican Grill from a "sell (d+)" rating to a "hold (c-)" rating in a research report on Friday, August 7th. Argus raised their target price on shares of Chipotle Mexican Grill from $40.00 to $45.00 and gave the company a "buy" rating in a report on Tuesday, August 4th. Gordon Haskett cut their target price on shares of Chipotle Mexican Grill from $42.00 to $36.00 and set a "hold" rating for the company in a research report on Monday, October 19th. TD Cowen reaffirmed a "hold" rating and issued a $32.00 price target on shares of Chipotle Mexican Grill in a report on Thursday. Finally, Deutsche Bank Aktiengesellschaft reduced their target price on Chipotle Mexican Grill from $51.00 to $45.00 and set a "buy" rating on the stock in a research note on Wednesday, October 21st. Twenty-seven research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $42.36.

Chipotle Mexican Grill Price Performance

Shares of Chipotle Mexican Grill stock opened at $31.89 on Monday. Chipotle Mexican Grill, Inc. has a fifty-two week low of $27.31 and a fifty-two week high of $41.42. The business's fifty day moving average is $33.07 and its two-hundred day moving average is $34.12. The firm has a market cap of $40.34 billion, a PE ratio of 29.80, a P/E/G ratio of 2.09 and a beta of 1.00.

Chipotle Mexican Grill (NYSE:CMG - Get Free Report) last announced its quarterly earnings data on Wednesday, October 28th. The restaurant operator reported $0.27 EPS for the quarter, missing analysts' consensus estimates of $0.29 by ($0.02). Chipotle Mexican Grill had a net margin of 10.83% and a return on equity of 57.05%. The business had revenue of $3.29 billion during the quarter, compared to analysts' expectations of $3.29 billion. During the same period in the prior year, the firm earned $0.29 EPS. Chipotle Mexican Grill's revenue for the quarter was up 9.6% on a year-over-year basis. Equities research analysts anticipate that Chipotle Mexican Grill, Inc. will post 1.10 EPS for the current year.

Chipotle Mexican Grill Company Profile

Chipotle Mexican Grill, Inc NYSE: CMG operates a chain of fast-casual restaurants focused on Mexican-inspired food. Its menu includes burritos, burrito bowls, tacos, quesadillas and salads, with options such as chicken, steak, barbacoa, carnitas, sofritas and vegetables. The company emphasizes preparing food in its restaurants from ingredients it describes as responsibly sourced, including meats raised with attention to animal welfare and produce from selected suppliers.

Founded by Steve Ells in 1993, Chipotle opened its first restaurant in Denver, Colorado.

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