Sarasin & Partners LLP Decreases Stake in Chipotle Mexican Grill, Inc. (NYSE:CMG)

Sarasin & Partners LLP reduced its position in Chipotle Mexican Grill, Inc. (NYSE:CMG - Free Report) by 53.6% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 103,100 shares of the restaurant operator's stock after selling 119,217 shares during the period. Sarasin & Partners LLP's holdings in Chipotle Mexican Grill were worth $5,177,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Union Bancaire Privee UBP SA purchased a new position in shares of Chipotle Mexican Grill during the fourth quarter valued at approximately $32,742,000. Revolve Wealth Partners LLC grew its position in Chipotle Mexican Grill by 4.7% in the 4th quarter. Revolve Wealth Partners LLC now owns 4,804 shares of the restaurant operator's stock worth $290,000 after purchasing an additional 214 shares during the period. OLD National Bancorp IN purchased a new stake in Chipotle Mexican Grill during the 4th quarter valued at $215,000. Caprock Group LLC lifted its holdings in shares of Chipotle Mexican Grill by 0.8% during the 4th quarter. Caprock Group LLC now owns 36,197 shares of the restaurant operator's stock valued at $2,183,000 after buying an additional 298 shares during the period. Finally, Waldron Private Wealth LLC boosted its stake in shares of Chipotle Mexican Grill by 247.2% in the 4th quarter. Waldron Private Wealth LLC now owns 15,723 shares of the restaurant operator's stock worth $948,000 after buying an additional 11,195 shares during the last quarter. 91.31% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of research firms recently commented on CMG. Guggenheim set a $47.00 price objective on Chipotle Mexican Grill in a research report on Friday, April 25th. Citigroup reduced their price target on shares of Chipotle Mexican Grill from $70.00 to $62.00 and set a "buy" rating for the company in a research report on Wednesday, April 2nd. UBS Group dropped their price objective on shares of Chipotle Mexican Grill from $65.00 to $60.00 and set a "buy" rating on the stock in a report on Thursday, April 24th. KeyCorp reduced their target price on shares of Chipotle Mexican Grill from $60.00 to $58.00 and set an "overweight" rating for the company in a report on Thursday, April 24th. Finally, Loop Capital decreased their price target on shares of Chipotle Mexican Grill from $65.00 to $63.00 and set a "buy" rating on the stock in a research report on Thursday, April 24th. Nine investment analysts have rated the stock with a hold rating, nineteen have issued a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, Chipotle Mexican Grill presently has a consensus rating of "Moderate Buy" and a consensus price target of $61.60.

Chipotle Mexican Grill Stock Up 0.4%

CMG traded up $0.20 on Tuesday, hitting $50.04. The company had a trading volume of 13,431,943 shares, compared to its average volume of 13,489,241. The company has a market cap of $67.42 billion, a PE ratio of 45.07, a PEG ratio of 2.04 and a beta of 1.11. Chipotle Mexican Grill, Inc. has a 12-month low of $44.46 and a 12-month high of $69.26. The business's fifty day simple moving average is $50.03 and its 200 day simple moving average is $54.82.

Chipotle Mexican Grill (NYSE:CMG - Get Free Report) last posted its quarterly earnings data on Wednesday, April 23rd. The restaurant operator reported $0.29 earnings per share for the quarter, topping analysts' consensus estimates of $0.28 by $0.01. The company had revenue of $2.88 billion for the quarter, compared to analyst estimates of $2.98 billion. Chipotle Mexican Grill had a net margin of 13.56% and a return on equity of 42.92%. The firm's revenue for the quarter was up 6.4% on a year-over-year basis. During the same period in the prior year, the company posted $13.37 EPS. On average, analysts anticipate that Chipotle Mexican Grill, Inc. will post 1.29 earnings per share for the current fiscal 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.