William Blair Investment Management LLC Sells 1,710,662 Shares of Chipotle Mexican Grill, Inc. $CMG

by · The Cerbat Gem

William Blair Investment Management LLC reduced its stake in Chipotle Mexican Grill, Inc. (NYSE:CMG – Free Report) by 34.1% during the 4th quarter, Holdings Channel reports. The fund owned 3,313,041 shares of the restaurant operator’s stock after selling 1,710,662 shares during the period. William Blair Investment Management LLC’s holdings in Chipotle Mexican Grill were worth $122,583,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also recently bought and sold shares of the stock. EverSource Wealth Advisors LLC raised its holdings in Chipotle Mexican Grill by 109.2% in the 4th quarter. EverSource Wealth Advisors LLC now owns 24,907 shares of the restaurant operator’s stock valued at $922,000 after acquiring an additional 12,999 shares during the period. RD Lewis Holdings Inc. bought a new position in shares of Chipotle Mexican Grill during the fourth quarter worth approximately $245,000. Ferguson Johnson Wealth Management Inc bought a new position in shares of Chipotle Mexican Grill during the fourth quarter worth approximately $222,000. Advisory Alpha LLC increased its holdings in shares of Chipotle Mexican Grill by 30.8% during the fourth quarter. Advisory Alpha LLC now owns 12,344 shares of the restaurant operator’s stock worth $457,000 after purchasing an additional 2,908 shares during the period. Finally, Evoke Wealth LLC bought a new position in shares of Chipotle Mexican Grill during the fourth quarter worth approximately $542,000. 91.30% of the stock is owned by institutional investors.

Chipotle Mexican Grill Trading Up 0.1%

NYSE CMG opened at $32.84 on Friday. The firm has a market capitalization of $42.13 billion, a price-to-earnings ratio of 30.13, a P/E/G ratio of 2.12 and a beta of 1.03. The firm’s 50 day simple moving average is $33.32 and its 200 day simple moving average is $35.22. Chipotle Mexican Grill, Inc. has a 1 year low of $29.75 and a 1 year high of $58.42.

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

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on CMG. BTIG Research reaffirmed a “buy” rating and set a $45.00 target price on shares of Chipotle Mexican Grill in a report on Thursday, April 30th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a $48.00 target price on shares of Chipotle Mexican Grill in a report on Wednesday, February 4th. Citigroup raised their target price on shares of Chipotle Mexican Grill from $44.00 to $46.00 and gave the stock a “buy” rating in a report on Thursday, April 30th. Telsey Advisory Group lowered their target price on shares of Chipotle Mexican Grill from $50.00 to $48.00 and set an “outperform” rating on the stock in a report on Wednesday, February 4th. Finally, Mizuho raised shares of Chipotle Mexican Grill from a “neutral” rating to an “outperform” rating and raised their target price for the stock from $37.00 to $40.00 in a report on Friday, March 20th. Twenty-four research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $46.03.

Read Our Latest Analysis on CMG

Chipotle Mexican Grill Company Profile

(Free Report)

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.

Read More

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 – Free Report).