Robeco Institutional Asset Management B.V. Sells 58,145 Shares of Chipotle Mexican Grill, Inc. $CMG

Key Points

• Robeco Institutional Asset Management B.V. reduced its stake in Chipotle Mexican Grill by 4.4%, selling 58,145 shares, and now owns approximately 1.26 million shares worth around $70.95 million.
• Chipotle reported a net margin of 13.32% and a revenue of $3.06 billion for the last quarter, with earnings per share of $0.33, beating analyst expectations.
• Analyst target prices for Chipotle's shares have been adjusted downwards, with the average target now at $59.41, reflecting mixed market sentiment on the stock.

Robeco Institutional Asset Management B.V. reduced its stake in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG - Free Report) by 4.4% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,263,565 shares of the restaurant operator's stock after selling 58,145 shares during the period. Robeco Institutional Asset Management B.V. owned 0.09% of Chipotle Mexican Grill worth $70,949,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. E. Ohman J or Asset Management AB boosted its stake in Chipotle Mexican Grill by 0.3% during the 2nd quarter. E. Ohman J or Asset Management AB now owns 59,234 shares of the restaurant operator's stock valued at $3,326,000 after purchasing an additional 194 shares during the period. Occidental Asset Management LLC boosted its position in shares of Chipotle Mexican Grill by 2.8% in the second quarter. Occidental Asset Management LLC now owns 7,257 shares of the restaurant operator's stock valued at $407,000 after acquiring an additional 195 shares during the period. Perennial Advisors LLC grew its stake in shares of Chipotle Mexican Grill by 3.1% in the second quarter. Perennial Advisors LLC now owns 6,667 shares of the restaurant operator's stock worth $374,000 after acquiring an additional 200 shares during the last quarter. Revolve Wealth Partners LLC raised its stake in Chipotle Mexican Grill by 4.7% during the 4th quarter. Revolve Wealth Partners LLC now owns 4,804 shares of the restaurant operator's stock valued at $290,000 after purchasing an additional 214 shares during the last quarter. Finally, Pine Haven Investment Counsel Inc raised its stake in Chipotle Mexican Grill by 0.6% during the 2nd quarter. Pine Haven Investment Counsel Inc now owns 37,111 shares of the restaurant operator's stock valued at $2,084,000 after purchasing an additional 215 shares during the last quarter. 91.30% of the stock is currently owned by institutional investors.

Chipotle Mexican Grill Price Performance

Shares of Chipotle Mexican Grill stock opened at $40.25 on Friday. The firm has a market capitalization 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 company's fifty day moving average price is $41.57 and its two-hundred day moving average price is $47.98. Chipotle Mexican Grill, Inc. has a 52-week low of $38.30 and a 52-week 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 (EPS) for the quarter, beating the consensus estimate of $0.32 by $0.01. The firm had revenue of $3.06 billion for 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%. The business's revenue for the quarter was up 3.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.34 EPS. Analysts predict that Chipotle Mexican Grill, Inc. will post 1.29 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities analysts recently commented on CMG shares. Truist Financial cut their target price on shares of Chipotle Mexican Grill from $64.00 to $60.00 and set a "buy" rating for the company in a research note on Friday, July 25th. TD Securities reiterated a "buy" rating and set a $57.00 target price on shares of Chipotle Mexican Grill in a research note on Wednesday, June 18th. Robert W. Baird cut their target price on shares of Chipotle Mexican Grill from $62.00 to $59.00 and set an "outperform" rating for the company in a research note on Thursday, July 24th. Wells Fargo & Company cut 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 note on Thursday, July 24th. Finally, Guggenheim cut their target price on shares of Chipotle Mexican Grill from $47.00 to $46.00 and set a "neutral" rating for the company in a research note on Friday, July 25th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating and eight have issued a Hold rating to the company's stock. According to data from MarketBeat.com, Chipotle Mexican Grill has a consensus rating of "Moderate Buy" and an average target price of $59.41.

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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