Chipotle Mexican Grill, Inc. $CMG Shares Sold by Orange Investment Advisors Inc.

Orange Investment Advisors Inc. lessened its holdings in Chipotle Mexican Grill, Inc. (NYSE:CMG) by 21.3% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 141,260 shares of the restaurant operator’s stock after selling 38,211 shares during the period. Orange Investment Advisors Inc.’s holdings in Chipotle Mexican Grill were worth $4,522,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Bank of Nova Scotia increased its stake in Chipotle Mexican Grill by 11.0% during the 3rd quarter. Bank of Nova Scotia now owns 475,672 shares of the restaurant operator’s stock worth $18,642,000 after buying an additional 47,241 shares in the last quarter. Klein Pavlis & Peasley Financial Inc. acquired a new stake in shares of Chipotle Mexican Grill in the fourth quarter worth approximately $1,597,000. Norges Bank purchased a new stake in shares of Chipotle Mexican Grill during the fourth quarter worth approximately $711,837,000. Crescent Park Management L.P. purchased a new stake in shares of Chipotle Mexican Grill during the third quarter worth approximately $5,911,000. Finally, Focus Partners Advisor Solutions LLC raised its stake in Chipotle Mexican Grill by 156.9% in the 4th quarter. Focus Partners Advisor Solutions LLC now owns 58,269 shares of the restaurant operator’s stock valued at $2,156,000 after purchasing an additional 35,589 shares during the last quarter. Hedge funds and other institutional investors own 91.30% of the company’s stock.

Chipotle Mexican Grill Stock Performance

NYSE CMG opened at $33.37 on Monday. The stock’s fifty day moving average is $32.37 and its two-hundred day moving average is $35.09. The firm has a market capitalization of $42.80 billion, a P/E ratio of 30.61, a price-to-earnings-growth ratio of 2.15 and a beta of 0.99. Chipotle Mexican Grill, Inc. has a fifty-two week low of $28.03 and a fifty-two week 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 the consensus estimate of $0.24. Chipotle Mexican Grill had a return on equity of 49.64% and a net margin of 11.96%.The company had revenue of $3.09 billion during the quarter, compared to analysts’ expectations of $3.07 billion. During the same period in the prior year, the business earned $0.29 EPS. The firm’s quarterly revenue was up 7.4% on a year-over-year basis. As a group, sell-side analysts forecast that Chipotle Mexican Grill, Inc. will post 1.13 EPS for the current year.

Analyst Ratings Changes

CMG has been the topic of a number of research reports. Argus upgraded Chipotle Mexican Grill from a “hold” rating to a “buy” rating and set a $40.00 price objective on the stock in a report on Tuesday, May 5th. Morgan Stanley set a $37.00 target price on shares of Chipotle Mexican Grill and gave the stock an “equal weight” rating in a report on Wednesday, June 3rd. Weiss Ratings upgraded shares of Chipotle Mexican Grill from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Thursday. DA Davidson began coverage on shares of Chipotle Mexican Grill in a research report on Friday, March 6th. They set a “buy” rating and a $51.00 price target on the stock. Finally, BNP Paribas Exane boosted their price target on shares of Chipotle Mexican Grill from $37.00 to $39.00 and gave the stock a “neutral” rating in a research report on Thursday, April 30th. Twenty-three analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $45.10.

About Chipotle Mexican Grill

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.