Sienna Gestion Reduces Holdings in Chipotle Mexican Grill, Inc. (NYSE:CMG)

Key Points

• Sienna Gestion has reduced its stake in Chipotle Mexican Grill, Inc. by 6.1%, now holding 129,895 shares worth approximately $6.34 million.
• Several analysts have downgraded their target prices for Chipotle, with Citigroup lowering its target from $68.00 to $62.00, and Evercore ISI reducing theirs from $64.00 to $57.00.
• Chipotle Mexican Grill reported a quarterly EPS of $0.33, surpassing the consensus estimate by $0.01, but its revenue fell short of analyst expectations at $3.06 billion.

Sienna Gestion reduced its stake in Chipotle Mexican Grill, Inc. (NYSE:CMG - Free Report) by 6.1% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 129,895 shares of the restaurant operator's stock after selling 8,478 shares during the period. Sienna Gestion's holdings in Chipotle Mexican Grill were worth $6,340,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its stake in shares of Chipotle Mexican Grill by 1.3% during the first 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 during the period. Northern Trust Corp boosted its stake in shares of Chipotle Mexican Grill by 11.1% during the 4th quarter. Northern Trust Corp now owns 14,443,085 shares of the restaurant operator's stock valued at $870,918,000 after buying an additional 1,438,860 shares during the period. Nuveen LLC acquired a new stake in shares of Chipotle Mexican Grill during the 1st quarter valued at $535,023,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in shares of Chipotle Mexican Grill by 24.3% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 10,277,656 shares of the restaurant operator's stock valued at $619,743,000 after purchasing an additional 2,006,338 shares in the last quarter. Finally, Goldman Sachs Group Inc. raised its holdings in shares of Chipotle Mexican Grill by 98.1% during the 1st quarter. Goldman Sachs Group Inc. now owns 9,900,521 shares of the restaurant operator's stock valued at $497,105,000 after purchasing an additional 4,903,969 shares in the last quarter. 91.31% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the company. BMO Capital Markets raised Chipotle Mexican Grill from a "market perform" rating to an "outperform" rating and increased their price objective for the company from $56.00 to $65.00 in a research report on Friday, July 18th. Wells Fargo & Company reduced their price target on shares of Chipotle Mexican Grill from $65.00 to $60.00 and set an "overweight" rating on the stock in a research report on Thursday, July 24th. TD Cowen reduced their price target on shares of Chipotle Mexican Grill from $61.00 to $58.00 and set a "buy" rating on the stock in a research report on Wednesday, July 23rd. Redburn Atlantic started coverage on shares of Chipotle Mexican Grill in a research report on Tuesday, June 10th. They issued a "neutral" rating and a $55.00 price target on the stock. Finally, Robert W. Baird reduced their price target on shares of Chipotle Mexican Grill from $62.00 to $59.00 and set an "outperform" rating on the stock in a research report on Thursday, July 24th. Eight 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. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $60.22.

Insider Transactions at Chipotle Mexican Grill

In other Chipotle Mexican Grill news, insider Roger E. Theodoredis sold 113,875 shares of the firm's stock in a transaction on Monday, June 2nd. The shares were sold at an average price of $49.70, for a total value of $5,659,587.50. Following the sale, the insider owned 109,815 shares of the company's stock, valued at $5,457,805.50. This trade represents a 50.91% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.81% of the stock is currently owned by company insiders.

Chipotle Mexican Grill Stock Performance

NYSE:CMG traded up $0.87 during trading hours on Friday, reaching $44.04. The company's stock had a trading volume of 19,039,548 shares, compared to its average volume of 23,392,978. The firm has a 50-day simple moving average of $50.37 and a 200-day simple moving average of $51.10. Chipotle Mexican Grill, Inc. has a 1 year low of $41.18 and a 1 year high of $66.74. The firm has a market capitalization of $59.05 billion, a price-to-earnings ratio of 39.32, a PEG ratio of 2.24 and a beta of 1.05.

Chipotle Mexican Grill (NYSE:CMG - Get Free Report) last released its 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. The company had revenue of $3.06 billion during the quarter, compared to analyst estimates of $3.11 billion. Chipotle Mexican Grill had a return on equity of 43.50% and a net margin of 13.32%. Chipotle Mexican Grill's revenue for the quarter was up 3.0% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.34 EPS. Equities analysts anticipate that Chipotle Mexican Grill, Inc. will post 1.29 earnings per share for the current fiscal year.

Chipotle Mexican Grill Company 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.