Chipotle Mexican Grill, Inc. (CMG) Shares Sold by First Manhattan Co.

First Manhattan Co. reduced its stake in Chipotle Mexican Grill, Inc. (NYSE:CMG) by 8.2% during the second quarter, Holdings Channel reports. The firm owned 730 shares of the restaurant operator’s stock after selling 65 shares during the period. First Manhattan Co.’s holdings in Chipotle Mexican Grill were worth $303,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. FNY Managed Accounts LLC bought a new position in Chipotle Mexican Grill during the first quarter valued at $107,000. Harbour Capital Advisors LLC bought a new position in Chipotle Mexican Grill during the first quarter valued at $121,000. OLD Mutual Customised Solutions Proprietary Ltd. boosted its position in Chipotle Mexican Grill by 84.5% in the first quarter. OLD Mutual Customised Solutions Proprietary Ltd. now owns 369 shares of the restaurant operator’s stock valued at $164,000 after buying an additional 169 shares during the period. Van ECK Associates Corp boosted its position in Chipotle Mexican Grill by 6.7% in the first quarter. Van ECK Associates Corp now owns 398 shares of the restaurant operator’s stock valued at $177,000 after buying an additional 25 shares during the period. Finally, Sphera Funds Management LTD. bought a new position in Chipotle Mexican Grill during the first quarter valued at $178,000. Institutional investors own 97.27% of the company’s stock.

Shares of Chipotle Mexican Grill, Inc. (NYSE CMG) opened at 334.61 on Thursday. Chipotle Mexican Grill, Inc. has a 52-week low of $328.88 and a 52-week high of $499.00. The stock has a market capitalization of $9.54 billion, a PE ratio of 71.93 and a beta of 0.62. The company’s 50 day moving average price is $379.94 and its 200 day moving average price is $428.51.

Chipotle Mexican Grill (NYSE:CMG) last announced its earnings results on Tuesday, July 25th. The restaurant operator reported $2.32 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $2.16 by $0.16. Chipotle Mexican Grill had a return on equity of 10.65% and a net margin of 3.17%. The company had revenue of $1.17 billion for the quarter, compared to analyst estimates of $1.19 billion. During the same period in the prior year, the company posted $0.87 EPS. The firm’s quarterly revenue was up 17.1% compared to the same quarter last year. On average, equities research analysts anticipate that Chipotle Mexican Grill, Inc. will post $7.73 EPS for the current year.

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Several brokerages have issued reports on CMG. Goldman Sachs Group, Inc. (The) cut their target price on Chipotle Mexican Grill from $440.00 to $375.00 and set a “neutral” rating for the company in a research note on Tuesday, July 25th. Maxim Group reaffirmed a “buy” rating and issued a $435.00 target price (down previously from $470.00) on shares of Chipotle Mexican Grill in a research note on Wednesday, July 26th. Cowen and Company reaffirmed a “market perform” rating and issued a $440.00 target price on shares of Chipotle Mexican Grill in a research note on Friday, July 21st. Vetr raised Chipotle Mexican Grill from a “sell” rating to a “hold” rating and set a $460.94 target price for the company in a research note on Monday, May 1st. Finally, Barclays PLC upped their target price on Chipotle Mexican Grill from $395.00 to $415.00 and gave the stock an “equal weight” rating in a research note on Wednesday, April 26th. Seven equities research analysts have rated the stock with a sell rating, twenty-three have issued a hold rating, ten have given a buy rating and one has given a strong buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $405.15.

About Chipotle Mexican Grill

Chipotle Mexican Grill, Inc (Chipotle), together with its subsidiaries, operates Chipotle Mexican Grill restaurants. The Company’s Chipotle Mexican Grill restaurants serve a menu of burritos, tacos, burrito bowls (a burrito without the tortilla) and salads. As of December 31, 2016, the Company managed its operations and restaurants based on 11 regions.

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Institutional Ownership by Quarter for Chipotle Mexican Grill (NYSE:CMG)

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