Pendal Group Ltd Lowers Holdings in Chipotle Mexican Grill, Inc. (NYSE:CMG)

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Pendal Group Ltd decreased its position in Chipotle Mexican Grill, Inc. (NYSE:CMG) by 5.3% in the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 268 shares of the restaurant operator’s stock after selling 15 shares during the period. Pendal Group Ltd’s holdings in Chipotle Mexican Grill were worth $196,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in CMG. Bremer Bank National Association purchased a new stake in shares of Chipotle Mexican Grill in the first quarter valued at approximately $33,000. Horan Capital Advisors LLC. purchased a new stake in Chipotle Mexican Grill during the first quarter worth $36,000. CWM LLC purchased a new stake in Chipotle Mexican Grill during the first quarter worth $36,000. FNY Investment Advisers LLC purchased a new stake in Chipotle Mexican Grill during the second quarter worth $36,000. Finally, Motco purchased a new stake in Chipotle Mexican Grill during the first quarter worth $47,000. Hedge funds and other institutional investors own 95.45% of the company’s stock.

Shares of CMG opened at $817.20 on Friday. Chipotle Mexican Grill, Inc. has a 12 month low of $383.20 and a 12 month high of $822.88. The stock has a fifty day moving average price of $768.59 and a 200-day moving average price of $693.60. The company has a current ratio of 1.52, a quick ratio of 1.48 and a debt-to-equity ratio of 1.65. The firm has a market cap of $22.65 billion, a PE ratio of 90.20, a P/E/G ratio of 3.22 and a beta of 0.72.

Chipotle Mexican Grill (NYSE:CMG) last issued its quarterly earnings data on Tuesday, July 23rd. The restaurant operator reported $3.99 EPS for the quarter, beating the consensus estimate of $3.68 by $0.31. Chipotle Mexican Grill had a return on equity of 21.50% and a net margin of 4.80%. The firm had revenue of $1.43 billion during the quarter, compared to analyst estimates of $1.41 billion. During the same quarter in the prior year, the business posted $2.87 EPS. The business’s revenue for the quarter was up 13.2% compared to the same quarter last year. As a group, research analysts forecast that Chipotle Mexican Grill, Inc. will post 13.2 EPS for the current year.

In related news, insider Scott Boatwright sold 1,805 shares of the company’s stock in a transaction on Thursday, June 13th. The stock was sold at an average price of $740.22, for a total value of $1,336,097.10. Following the transaction, the insider now directly owns 8,869 shares of the company’s stock, valued at approximately $6,565,011.18. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Albert S. Baldocchi sold 1,164 shares of the company’s stock in a transaction on Thursday, July 25th. The shares were sold at an average price of $775.00, for a total value of $902,100.00. Following the completion of the transaction, the director now directly owns 72,756 shares in the company, valued at $56,385,900. The disclosure for this sale can be found here. In the last quarter, insiders have sold 157,802 shares of company stock valued at $119,632,226. Company insiders own 2.21% of the company’s stock.

A number of analysts have weighed in on CMG shares. TheStreet upgraded Chipotle Mexican Grill from a “c+” rating to a “b” rating in a report on Wednesday, April 24th. Telsey Advisory Group restated a “market perform” rating and set a $750.00 target price (up previously from $700.00) on shares of Chipotle Mexican Grill in a report on Wednesday, July 24th. Argus upped their target price on Chipotle Mexican Grill from $770.00 to $840.00 in a report on Thursday, April 25th. UBS Group set a $797.00 target price on Chipotle Mexican Grill and gave the stock a “buy” rating in a report on Wednesday, May 8th. Finally, JPMorgan Chase & Co. upped their target price on Chipotle Mexican Grill from $650.00 to $705.00 and gave the stock a “neutral” rating in a report on Wednesday, July 24th. Seven investment analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and fifteen have given a buy rating to the company’s stock. Chipotle Mexican Grill currently has an average rating of “Hold” and an average price target of $700.26.

Chipotle Mexican Grill Profile

Chipotle Mexican Grill, Inc, together with its subsidiaries, operates Chipotle Mexican Grill restaurants. As of December 31, 2018, it operated 2,491 restaurants, including 2,452 Chipotle restaurants in the United States, 37 Chipotle restaurants internationally, and two non-Chipotle restaurants. The company was founded in 1993 and is headquartered in Newport Beach, California.

Further Reading: Holder of Record

Want to see what other hedge funds are holding CMG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Chipotle Mexican Grill, Inc. (NYSE:CMG).

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

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