Baird Financial Group Inc. Has $3.60 Million Stake in Chipotle Mexican Grill, Inc. (CMG)

Share on StockTwits

Baird Financial Group Inc. trimmed its holdings in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) by 18.8% in the third quarter, HoldingsChannel.com reports. The fund owned 8,050 shares of the restaurant operator’s stock after selling 1,869 shares during the quarter. Baird Financial Group Inc.’s holdings in Chipotle Mexican Grill were worth $3,598,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in CMG. DekaBank Deutsche Girozentrale lifted its holdings in Chipotle Mexican Grill by 6.9% during the 3rd quarter. DekaBank Deutsche Girozentrale now owns 1,802 shares of the restaurant operator’s stock valued at $918,000 after purchasing an additional 116 shares during the last quarter. Korea Investment CORP lifted its holdings in Chipotle Mexican Grill by 45.4% during the 3rd quarter. Korea Investment CORP now owns 391 shares of the restaurant operator’s stock valued at $178,000 after purchasing an additional 122 shares during the last quarter. Carnegie Capital Asset Management LLC lifted its holdings in Chipotle Mexican Grill by 7.1% during the 2nd quarter. Carnegie Capital Asset Management LLC now owns 2,252 shares of the restaurant operator’s stock valued at $1,111,000 after purchasing an additional 150 shares during the last quarter. IFM Investors Pty Ltd lifted its holdings in Chipotle Mexican Grill by 12.6% during the 3rd quarter. IFM Investors Pty Ltd now owns 1,387 shares of the restaurant operator’s stock valued at $630,000 after purchasing an additional 155 shares during the last quarter. Finally, Commerce Bank lifted its holdings in Chipotle Mexican Grill by 31.5% during the 3rd quarter. Commerce Bank now owns 681 shares of the restaurant operator’s stock valued at $309,000 after purchasing an additional 163 shares during the last quarter. 91.40% of the stock is owned by institutional investors.

In other news, Director Pershing Square Capital Manage sold 118,307 shares of Chipotle Mexican Grill stock in a transaction that occurred on Tuesday, November 6th. The shares were sold at an average price of $472.05, for a total transaction of $55,846,819.35. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 2.19% of the stock is owned by insiders.

Shares of NYSE:CMG opened at $467.43 on Friday. Chipotle Mexican Grill, Inc. has a one year low of $247.51 and a one year high of $530.68. The company has a market cap of $13.01 billion, a PE ratio of 70.82, a price-to-earnings-growth ratio of 3.10 and a beta of 0.23.

Chipotle Mexican Grill (NYSE:CMG) last issued its quarterly earnings results on Thursday, October 25th. The restaurant operator reported $2.16 EPS for the quarter, topping the consensus estimate of $2.00 by $0.16. Chipotle Mexican Grill had a net margin of 3.96% and a return on equity of 17.14%. The company had revenue of $1.23 billion during the quarter, compared to analysts’ expectations of $1.23 billion. Research analysts expect that Chipotle Mexican Grill, Inc. will post 8.47 earnings per share for the current year.

Several equities analysts recently issued reports on the stock. Canaccord Genuity reissued a “hold” rating on shares of Chipotle Mexican Grill in a report on Wednesday, November 14th. Citigroup cut their price target on shares of Chipotle Mexican Grill from $573.00 to $527.00 and set a “buy” rating for the company in a report on Tuesday, October 30th. TheStreet downgraded shares of Chipotle Mexican Grill from a “b-” rating to a “c” rating in a report on Thursday, October 25th. Wells Fargo & Co lifted their price target on shares of Chipotle Mexican Grill from $415.00 to $420.00 and gave the company a “market perform” rating in a report on Friday, October 26th. Finally, Barclays lifted their price target on shares of Chipotle Mexican Grill from $360.00 to $400.00 and gave the company an “equal weight” rating in a report on Friday, October 26th. Nine analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and fourteen have issued a buy rating to the company. The company has an average rating of “Hold” and an average target price of $431.72.

COPYRIGHT VIOLATION WARNING: This article was originally reported by BBNS and is the sole property of of BBNS. If you are accessing this article on another website, it was illegally copied and reposted in violation of United States and international trademark and copyright law. The legal version of this article can be read at https://baseballnewssource.com/2018/12/08/baird-financial-group-inc-has-3-60-million-stake-in-chipotle-mexican-grill-inc-cmg/3063791.html.

Chipotle Mexican Grill Profile

Chipotle Mexican Grill, Inc, together with its subsidiaries, operates Chipotle Mexican Grill restaurants. As of September 30, 2018, it operated 2,424 Chipotle restaurants in the United States, as well as 37 international Chipotle restaurants. The company was founded in 1993 and is headquartered in Newport Beach, California.

Featured Article: What is a bull market?

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)

Receive News & Ratings for Chipotle Mexican Grill Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Chipotle Mexican Grill and related companies with MarketBeat.com's FREE daily email newsletter.

 


Latest News

Yu Darvish Receives Cortisone Shot for Elbow Impingement
Yu Darvish Receives Cortisone Shot for Elbow Impingement
Red Sox and Brandon Phillips Agree to Minor League Deal
Red Sox and Brandon Phillips Agree to Minor League Deal
Chris Sale Proves He is 2018 AL Cy Young Candidate
Chris Sale Proves He is 2018 AL Cy Young Candidate
Strong Results by Clint Frazier Could Keep Him with Yankees
Strong Results by Clint Frazier Could Keep Him with Yankees
Giants Closer Breaks Hand Punching Door Following Poor Outing
Giants Closer Breaks Hand Punching Door Following Poor Outing
Evan Longoria Out Six to Eight Weeks With Broken Hand
Evan Longoria Out Six to Eight Weeks With Broken Hand


Leave a Reply

 
© 2006-2018 BBNS.