Hsbc Holdings PLC Has $89.72 Million Holdings in Chipotle Mexican Grill, Inc. $CMG

Hsbc Holdings PLC lessened its position in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) by 23.4% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,423,321 shares of the restaurant operator’s stock after selling 738,840 shares during the period. Hsbc Holdings PLC’s holdings in Chipotle Mexican Grill were worth $89,716,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. lifted its holdings in Chipotle Mexican Grill by 14.8% during the 4th quarter. Vanguard Group Inc. now owns 144,588,220 shares of the restaurant operator’s stock worth $5,349,764,000 after purchasing an additional 18,660,882 shares during the last quarter. Capital World Investors grew its holdings in Chipotle Mexican Grill by 15.8% in the 4th quarter. Capital World Investors now owns 101,688,010 shares of the restaurant operator’s stock valued at $3,762,457,000 after buying an additional 13,843,222 shares in the last quarter. Price T Rowe Associates Inc. MD grew its holdings in Chipotle Mexican Grill by 18.8% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 58,447,867 shares of the restaurant operator’s stock valued at $2,162,572,000 after buying an additional 9,237,720 shares in the last quarter. Capital International Investors increased its position in Chipotle Mexican Grill by 17.7% during the 4th quarter. Capital International Investors now owns 45,294,212 shares of the restaurant operator’s stock worth $1,675,895,000 after buying an additional 6,796,285 shares during the period. Finally, Norges Bank bought a new position in Chipotle Mexican Grill during the 4th quarter worth $711,837,000. Institutional investors and hedge funds own 91.30% of the company’s stock.

Chipotle Mexican Grill Stock Performance

NYSE:CMG opened at $32.43 on Monday. The stock has a fifty day moving average price of $32.66 and a 200-day moving average price of $35.16. The company has a market cap of $41.60 billion, a price-to-earnings ratio of 29.76, a PEG ratio of 2.09 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 quarterly earnings results on Wednesday, April 29th. The restaurant operator reported $0.24 EPS for the quarter, hitting analysts’ consensus estimates 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 for the quarter, compared to analysts’ expectations of $3.07 billion. During the same quarter last year, the business earned $0.29 earnings per share. Chipotle Mexican Grill’s revenue was up 7.4% on a year-over-year basis. Research analysts predict that Chipotle Mexican Grill, Inc. will post 1.13 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

CMG has been the subject of a number of research reports. Zacks Research raised Chipotle Mexican Grill from a “strong sell” rating to a “hold” rating in a report on Friday, April 17th. Guggenheim lowered 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 report on Friday, May 1st. Morgan Stanley set a $37.00 price target on shares of Chipotle Mexican Grill and gave the stock an “equal weight” rating in a research report on Wednesday, June 3rd. Royal Bank Of Canada reiterated an “outperform” rating and issued a $45.00 price objective on shares of Chipotle Mexican Grill in a research note on Thursday, April 30th. Finally, JPMorgan Chase & Co. raised shares of Chipotle Mexican Grill from a “neutral” rating to an “overweight” rating and cut their price objective for the company from $38.00 to $35.00 in a report on Friday, June 5th. Twenty-three analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, 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.