Chipotle Mexican Grill, Inc. $CMG Position Trimmed by Dillon & Associates Inc.

Dillon & Associates Inc. trimmed its holdings in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) by 6.8% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 290,449 shares of the restaurant operator’s stock after selling 21,321 shares during the quarter. Chipotle Mexican Grill accounts for about 1.4% of Dillon & Associates Inc.’s portfolio, making the stock its 22nd largest holding. Dillon & Associates Inc.’s holdings in Chipotle Mexican Grill were worth $10,747,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Wealth Watch Advisors INC bought a new stake in Chipotle Mexican Grill during the third quarter worth approximately $25,000. Financial Life Planners bought a new stake in Chipotle Mexican Grill during the third quarter worth approximately $25,000. Murphy & Mullick Capital Management Corp boosted its holdings in Chipotle Mexican Grill by 106.7% during the third quarter. Murphy & Mullick Capital Management Corp now owns 775 shares of the restaurant operator’s stock worth $30,000 after buying an additional 400 shares in the last quarter. Winthrop Capital Management LLC bought a new stake in Chipotle Mexican Grill during the third quarter worth approximately $31,000. Finally, Ameriflex Group Inc. boosted its holdings in Chipotle Mexican Grill by 109.4% during the third quarter. Ameriflex Group Inc. now owns 890 shares of the restaurant operator’s stock worth $35,000 after buying an additional 465 shares in the last quarter. 91.30% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of analysts recently weighed in on the stock. Guggenheim reduced their target price on shares of Chipotle Mexican Grill from $36.00 to $35.00 and set a “neutral” rating for the company in a report on Friday, May 1st. Stifel Nicolaus reaffirmed a “buy” rating on shares of Chipotle Mexican Grill in a research note on Monday, March 9th. Citigroup raised their price objective on shares of Chipotle Mexican Grill from $44.00 to $46.00 and gave the stock a “buy” rating in a research note on Thursday, April 30th. Weiss Ratings lowered shares of Chipotle Mexican Grill from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Wednesday, May 20th. Finally, Barclays decreased their price objective on shares of Chipotle Mexican Grill from $40.00 to $38.00 and set an “equal weight” rating for the company in a research note on Thursday, April 30th. Twenty-four analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $46.03.

Chipotle Mexican Grill Stock Down 0.1%

Shares of NYSE:CMG opened at $32.84 on Tuesday. The firm has a fifty day moving average of $33.33 and a two-hundred day moving average of $35.25. The firm has a market capitalization of $42.13 billion, a P/E ratio of 30.13, a price-to-earnings-growth ratio of 2.12 and a beta of 1.03. Chipotle Mexican Grill, Inc. has a 12-month low of $29.75 and a 12-month high of $58.42.

Chipotle Mexican Grill (NYSE:CMG) last issued its earnings results on Wednesday, April 29th. The restaurant operator reported $0.24 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.24. The company had revenue of $3.09 billion during 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 company’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. Equities research analysts expect that Chipotle Mexican Grill, Inc. will post 1.13 earnings per share for the current fiscal year.

Chipotle Mexican Grill Profile

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.