IMA Wealth Inc. Has $2.55 Million Stake in Chipotle Mexican Grill, Inc. (CMG)

IMA Wealth Inc. reduced its stake in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) by 20.7% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 5,606 shares of the restaurant operator’s stock after selling 1,462 shares during the quarter. IMA Wealth Inc.’s holdings in Chipotle Mexican Grill were worth $2,548,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in CMG. FMR LLC boosted its stake in Chipotle Mexican Grill by 10.2% in the second quarter. FMR LLC now owns 1,620,408 shares of the restaurant operator’s stock valued at $698,995,000 after buying an additional 149,725 shares in the last quarter. Jennison Associates LLC acquired a new stake in Chipotle Mexican Grill in the second quarter valued at about $156,768,000. Bank of New York Mellon Corp boosted its stake in Chipotle Mexican Grill by 15.8% in the second quarter. Bank of New York Mellon Corp now owns 336,486 shares of the restaurant operator’s stock valued at $145,149,000 after buying an additional 45,936 shares in the last quarter. American Century Companies Inc. boosted its stake in Chipotle Mexican Grill by 31.2% in the second quarter. American Century Companies Inc. now owns 243,913 shares of the restaurant operator’s stock valued at $105,217,000 after buying an additional 58,067 shares in the last quarter. Finally, Renaissance Technologies LLC boosted its stake in shares of Chipotle Mexican Grill by 92.3% during the second quarter. Renaissance Technologies LLC now owns 223,100 shares of the restaurant operator’s stock valued at $96,239,000 after purchasing an additional 107,100 shares in the last quarter. 88.07% of the stock is currently owned by institutional investors.

A number of brokerages have recently commented on CMG. Maxim Group lifted their price target on Chipotle Mexican Grill from $420.00 to $430.00 and gave the company a “hold” rating in a research note on Friday, July 27th. Jefferies Financial Group raised Chipotle Mexican Grill from a “hold” rating to a “buy” rating in a research note on Tuesday, July 31st. William Blair reissued a “hold” rating on shares of Chipotle Mexican Grill in a research note on Thursday, August 23rd. Mizuho lowered Chipotle Mexican Grill from a “neutral” rating to an “underperform” rating and lifted their price target for the company from $300.00 to $330.00 in a research note on Tuesday, July 10th. Finally, Raymond James reissued a “hold” rating on shares of Chipotle Mexican Grill in a research note on Friday, June 29th. Eight analysts have rated the stock with a sell rating, seventeen have issued a hold rating and twelve have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $425.37.

Shares of CMG traded down $4.54 during mid-day trading on Thursday, reaching $425.31. 9,902 shares of the company were exchanged, compared to its average volume of 955,633. Chipotle Mexican Grill, Inc. has a 52 week low of $247.51 and a 52 week high of $530.68. The company has a market capitalization of $12.64 billion, a price-to-earnings ratio of 65.13, a price-to-earnings-growth ratio of 2.97 and a beta of 0.44.

Chipotle Mexican Grill (NYSE:CMG) last issued its quarterly earnings data on Thursday, July 26th. The restaurant operator reported $2.87 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $2.78 by $0.09. Chipotle Mexican Grill had a return on equity of 15.64% and a net margin of 3.65%. The company had revenue of $1.27 billion during the quarter, compared to the consensus estimate of $1.26 billion. On average, research analysts predict that Chipotle Mexican Grill, Inc. will post 8.59 EPS for the current fiscal year.

In other news, Director Pershing Square Capital Manage sold 823,357 shares of the firm’s stock in a transaction dated Tuesday, August 28th. The stock was sold at an average price of $487.29, for a total transaction of $401,213,632.53. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 2.19% of the stock is owned by company insiders.

Chipotle Mexican Grill Company Profile

Chipotle Mexican Grill, Inc, together with its subsidiaries, operates Chipotle Mexican Grill restaurants. As of December 31, 2017, it operated 2,363 Chipotle restaurants throughout the United States, as well as 37 international Chipotle restaurants; and 8 non-Chipotle restaurants. The company was founded in 1993 and is based in Denver, Colorado.

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

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