Sterling Capital Management LLC Has $1.04 Million Stock Holdings in Chipotle Mexican Grill, Inc. $CMG

Sterling Capital Management LLC trimmed its holdings in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) by 40.9% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 32,506 shares of the restaurant operator’s stock after selling 22,505 shares during the period. Sterling Capital Management LLC’s holdings in Chipotle Mexican Grill were worth $1,041,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently bought and sold shares of the company. Financial Life Planners acquired a new stake in Chipotle Mexican Grill during the 3rd quarter worth about $25,000. Wealth Watch Advisors INC acquired a new position in shares of Chipotle Mexican Grill in the 3rd quarter valued at about $25,000. MV Capital Management Inc. purchased a new stake in shares of Chipotle Mexican Grill in the fourth quarter worth approximately $26,000. Osbon Capital Management LLC purchased a new stake in shares of Chipotle Mexican Grill in the fourth quarter worth approximately $28,000. Finally, Merkkuri Wealth Advisors LLC acquired a new stake in shares of Chipotle Mexican Grill during the first quarter worth approximately $28,000. 91.30% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on the stock. Piper Sandler lowered their price objective on shares of Chipotle Mexican Grill from $44.00 to $42.00 and set an “overweight” rating on the stock in a research report on Thursday, April 30th. DA Davidson began coverage on shares of Chipotle Mexican Grill in a research note on Friday, March 6th. They set a “buy” rating and a $51.00 target price for the company. BNP Paribas Exane boosted their price target on shares of Chipotle Mexican Grill from $37.00 to $39.00 and gave the company a “neutral” rating in a report on Thursday, April 30th. TD Cowen restated a “buy” rating and set a $44.00 price target on shares of Chipotle Mexican Grill in a report on Thursday, April 30th. Finally, Guggenheim dropped their price target on shares of Chipotle Mexican Grill from $36.00 to $35.00 and set a “neutral” rating on the stock in a research note on Friday, May 1st. Twenty-three research analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the company’s stock. According to data from MarketBeat, Chipotle Mexican Grill currently has a consensus rating of “Moderate Buy” and an average target price of $45.10.

Chipotle Mexican Grill Stock Performance

Shares of CMG opened at $34.00 on Wednesday. The firm has a market cap of $43.61 billion, a PE ratio of 31.19, a PEG ratio of 2.12 and a beta of 0.99. The firm’s 50 day moving average price is $32.30 and its 200 day moving average price is $35.08. Chipotle Mexican Grill, Inc. has a twelve month low of $28.03 and a twelve month high of $58.42.

Chipotle Mexican Grill (NYSE:CMG) last posted its earnings results on Wednesday, April 29th. The restaurant operator reported $0.24 EPS for the quarter, hitting the consensus estimate of $0.24. Chipotle Mexican Grill had a net margin of 11.96% and a return on equity of 49.64%. The company had revenue of $3.09 billion during the quarter, compared to the consensus estimate of $3.07 billion. During the same period in the previous year, the firm posted $0.29 earnings per share. The company’s revenue for the quarter was up 7.4% compared to the same quarter last year. On average, sell-side analysts anticipate that Chipotle Mexican Grill, Inc. will post 1.13 earnings per share for the current fiscal year.

Chipotle Mexican Grill Company 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.