Chipotle Mexican Grill, Inc. (NYSE:CMG) Shares Sold by Mackenzie Financial Corp

by · The Cerbat Gem

Mackenzie Financial Corp lessened its holdings in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG – Free Report) by 55.8% in the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 187,531 shares of the restaurant operator’s stock after selling 236,665 shares during the quarter. Mackenzie Financial Corp’s holdings in Chipotle Mexican Grill were worth $9,416,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Woodard & Co. Asset Management Group Inc. ADV increased its position in Chipotle Mexican Grill by 23.5% during the 1st quarter. Woodard & Co. Asset Management Group Inc. ADV now owns 14,643 shares of the restaurant operator’s stock worth $735,000 after purchasing an additional 2,782 shares in the last quarter. Richards Merrill & Peterson Inc. increased its position in Chipotle Mexican Grill by 39.9% during the 1st quarter. Richards Merrill & Peterson Inc. now owns 7,760 shares of the restaurant operator’s stock worth $390,000 after purchasing an additional 2,215 shares in the last quarter. TCW Group Inc. increased its position in Chipotle Mexican Grill by 5.7% during the 1st quarter. TCW Group Inc. now owns 20,071 shares of the restaurant operator’s stock worth $1,008,000 after purchasing an additional 1,077 shares in the last quarter. LPL Financial LLC increased its position in Chipotle Mexican Grill by 4.3% during the 1st quarter. LPL Financial LLC now owns 1,276,359 shares of the restaurant operator’s stock worth $64,086,000 after purchasing an additional 52,937 shares in the last quarter. Finally, Ballast Advisors LLC increased its position in Chipotle Mexican Grill by 8.3% during the 1st quarter. Ballast Advisors LLC now owns 25,372 shares of the restaurant operator’s stock worth $1,274,000 after purchasing an additional 1,947 shares in the last quarter. Institutional investors and hedge funds own 91.31% of the company’s stock.

Chipotle Mexican Grill Price Performance

Shares of CMG opened at $42.88 on Friday. The stock has a market capitalization of $57.78 billion, a PE ratio of 38.29, a price-to-earnings-growth ratio of 2.23 and a beta of 1.08. Chipotle Mexican Grill, Inc. has a 12-month low of $42.83 and a 12-month high of $66.74. The business’s fifty day moving average price is $52.16 and its 200 day moving average price is $52.26.

Chipotle Mexican Grill (NYSE:CMG – Get Free Report) last posted its earnings results on Wednesday, July 23rd. The restaurant operator reported $0.33 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.32 by $0.01. The company had revenue of $3.06 billion for the quarter, compared to analysts’ expectations of $3.11 billion. Chipotle Mexican Grill had a return on equity of 43.50% and a net margin of 13.32%. The firm’s quarterly revenue was up 3.0% compared to the same quarter last year. During the same period last year, the business posted $0.34 earnings per share. As a group, research analysts anticipate that Chipotle Mexican Grill, Inc. will post 1.29 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

CMG has been the subject of several recent research reports. BMO Capital Markets raised shares of Chipotle Mexican Grill from a “market perform” rating to an “outperform” rating and increased their price objective for the company from $56.00 to $65.00 in a research report on Friday, July 18th. Robert W. Baird lowered their price objective on shares of Chipotle Mexican Grill from $62.00 to $59.00 and set an “outperform” rating for the company in a research report on Thursday, July 24th. Evercore ISI lowered their price objective on shares of Chipotle Mexican Grill from $64.00 to $57.00 and set an “outperform” rating for the company in a research report on Thursday, April 24th. Wells Fargo & Company lowered their price objective on shares of Chipotle Mexican Grill from $65.00 to $60.00 and set an “overweight” rating for the company in a research report on Thursday, July 24th. Finally, JPMorgan Chase & Co. lowered their price objective on shares of Chipotle Mexican Grill from $58.00 to $54.00 and set a “neutral” rating for the company in a research report on Thursday, May 29th. Nine equities research analysts have rated the stock with a hold rating, nineteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $60.71.

Check Out Our Latest Analysis on Chipotle Mexican Grill

Insider Transactions at Chipotle Mexican Grill

In other Chipotle Mexican Grill news, insider Roger E. Theodoredis sold 113,875 shares of the firm’s stock in a transaction on Monday, June 2nd. The stock was sold at an average price of $49.70, for a total value of $5,659,587.50. Following the sale, the insider directly owned 109,815 shares in the company, valued at approximately $5,457,805.50. This trade represents a 50.91% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Insiders own 0.81% of the company’s stock.

Chipotle Mexican Grill Profile

(Free Report)

Chipotle Mexican Grill, Inc, together with its subsidiaries, owns and operates Chipotle Mexican Grill restaurants. It sells food and beverages through offering burritos, burrito bowls, quesadillas, tacos, and salads. The company also provides delivery and related services its app and website. It has operations in the United States, Canada, France, Germany, and the United Kingdom.

See Also

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