Securian Asset Management Inc. Sells 28,801 Shares of Chipotle Mexican Grill, Inc. $CMG

Securian Asset Management Inc. trimmed its position in Chipotle Mexican Grill, Inc. (NYSE:CMG) by 44.5% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 35,955 shares of the restaurant operator’s stock after selling 28,801 shares during the quarter. Securian Asset Management Inc.’s holdings in Chipotle Mexican Grill were worth $1,330,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in CMG. Revolve Wealth Partners LLC increased its stake in Chipotle Mexican Grill by 4.7% during the fourth quarter. Revolve Wealth Partners LLC now owns 4,804 shares of the restaurant operator’s stock worth $290,000 after acquiring an additional 214 shares during the last quarter. Bison Wealth LLC bought a new stake in Chipotle Mexican Grill during the fourth quarter worth approximately $224,000. Empowered Funds LLC increased its stake in Chipotle Mexican Grill by 5.5% during the first quarter. Empowered Funds LLC now owns 26,460 shares of the restaurant operator’s stock worth $1,329,000 after acquiring an additional 1,368 shares during the last quarter. Osterweis Capital Management Inc. increased its stake in Chipotle Mexican Grill by 7,176.0% during the second quarter. Osterweis Capital Management Inc. now owns 1,819 shares of the restaurant operator’s stock worth $102,000 after acquiring an additional 1,794 shares during the last quarter. Finally, Ieq Capital LLC increased its stake in Chipotle Mexican Grill by 88.8% during the second quarter. Ieq Capital LLC now owns 274,375 shares of the restaurant operator’s stock worth $15,406,000 after acquiring an additional 129,066 shares during the last quarter. 91.30% of the stock is owned by institutional investors.

Chipotle Mexican Grill Stock Performance

Shares of NYSE CMG opened at $32.67 on Wednesday. The stock has a 50 day moving average price of $33.81 and a 200 day moving average price of $35.51. The firm has a market capitalization of $41.91 billion, a price-to-earnings ratio of 29.98, a PEG ratio of 2.05 and a beta of 1.03. Chipotle Mexican Grill, Inc. has a 52-week low of $29.75 and a 52-week high of $58.42.

Chipotle Mexican Grill (NYSE:CMG) last posted its earnings results on Wednesday, April 29th. The restaurant operator reported $0.24 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.24. The company had revenue of $3.09 billion during the quarter, compared to analyst estimates of $3.07 billion. Chipotle Mexican Grill had a return on equity of 49.64% and a net margin of 11.96%.Chipotle Mexican Grill’s revenue was up 7.4% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.29 earnings per share. Analysts forecast that Chipotle Mexican Grill, Inc. will post 1.13 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on CMG shares. DA Davidson started coverage on Chipotle Mexican Grill in a research note on Friday, March 6th. They set a “buy” rating and a $51.00 price objective on the stock. BTIG Research reissued a “buy” rating and set a $45.00 price objective on shares of Chipotle Mexican Grill in a research note on Thursday, April 30th. Wells Fargo & Company reduced their price objective on Chipotle Mexican Grill from $50.00 to $45.00 and set an “overweight” rating on the stock in a research note on Wednesday, February 4th. Stifel Nicolaus reissued a “buy” rating on shares of Chipotle Mexican Grill in a research note on Monday, March 9th. Finally, Wall Street Zen raised Chipotle Mexican Grill from a “sell” rating to a “hold” rating in a research note on Saturday, March 7th. Twenty-four equities research analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the company’s stock. According to data from MarketBeat, Chipotle Mexican Grill currently has an average rating of “Moderate Buy” and a consensus target price of $46.03.

Chipotle Mexican Grill Company Profile

Chipotle Mexican Grill is a fast-casual restaurant company known for its Mexican-inspired menu of burritos, bowls, tacos and salads. Founded in 1993 by Steve Ells, the chain emphasizes fresh, customizable meals made from a limited menu of core ingredients and a focus on ingredient quality. Chipotle operates primarily company-owned restaurants and offers dine-in, takeout, catering and delivery through its own digital platforms and third-party partners.

The company is headquartered in Newport Beach, California, and traces its roots to Denver, Colorado.