PFG Investments LLC Has $940,000 Position in Chipotle Mexican Grill, Inc. $CMG

Key Points

• PFG Investments LLC reduced its stake in Chipotle Mexican Grill by 35.6%, owning 16,739 shares valued at $940,000 as of the latest SEC filing.
• Various large institutional investors increased their holdings in Chipotle, including Goldman Sachs, which boosted its stake by 98.1% during the first quarter.
• Chipotle Mexican Grill's most recent earnings report showed an EPS of $0.33, slightly above analysts' expectations, with revenue up 3.0% year-over-year despite a decrease from consensus estimates.

PFG Investments LLC cut its stake in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG - Free Report) by 35.6% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 16,739 shares of the restaurant operator's stock after selling 9,264 shares during the quarter. PFG Investments LLC's holdings in Chipotle Mexican Grill were worth $940,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in CMG. Nuveen LLC acquired a new stake in shares of Chipotle Mexican Grill during the 1st quarter worth about $535,023,000. Goldman Sachs Group Inc. grew its stake in Chipotle Mexican Grill by 98.1% during the first quarter. Goldman Sachs Group Inc. now owns 9,900,521 shares of the restaurant operator's stock worth $497,105,000 after buying an additional 4,903,969 shares during the last quarter. Montrusco Bolton Investments Inc. increased its holdings in shares of Chipotle Mexican Grill by 5,319.7% during the first quarter. Montrusco Bolton Investments Inc. now owns 4,848,990 shares of the restaurant operator's stock worth $235,580,000 after buying an additional 4,759,520 shares in the last quarter. Price T Rowe Associates Inc. MD raised its stake in shares of Chipotle Mexican Grill by 7.6% in 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 acquiring an additional 4,027,016 shares during the last quarter. Finally, Manning & Napier Advisors LLC acquired a new position in shares of Chipotle Mexican Grill in the 1st quarter worth approximately $127,892,000. Institutional investors own 91.30% of the company's stock.

Analyst Ratings Changes

A number of research firms recently weighed in on CMG. Robert W. Baird dropped their price target on Chipotle Mexican Grill from $62.00 to $59.00 and set an "outperform" rating for the company in a report on Thursday, July 24th. Rothschild Redb upgraded Chipotle Mexican Grill from a "hold" rating to a "strong-buy" rating in a report on Wednesday, September 3rd. Rothschild & Co Redburn raised Chipotle Mexican Grill from a "neutral" rating to a "buy" rating and set a $55.00 price target for the company in a report on Wednesday, September 3rd. KeyCorp reduced their price target on shares of Chipotle Mexican Grill from $60.00 to $58.00 and set an "overweight" rating on the stock in a research report on Thursday, July 24th. Finally, Guggenheim lowered their price objective on shares of Chipotle Mexican Grill from $47.00 to $46.00 and set a "neutral" rating for the company in a research report on Friday, July 25th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating and eight have assigned a Hold rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $59.41.

Chipotle Mexican Grill Stock Up 3.3%

Shares of Chipotle Mexican Grill stock opened at $40.25 on Friday. The stock has a market cap of $53.97 billion, a PE ratio of 35.94, a price-to-earnings-growth ratio of 1.98 and a beta of 0.99. The business has a fifty day simple moving average of $41.57 and a 200 day simple moving average of $47.98. Chipotle Mexican Grill, Inc. has a 12 month low of $38.30 and a 12 month high of $66.74.

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

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.

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