First Trust Advisors LP Sells 6,488 Shares of Chipotle Mexican Grill, Inc. (NYSE:CMG)

First Trust Advisors LP cut its holdings in Chipotle Mexican Grill, Inc. (NYSE:CMG) by 20.3% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 25,457 shares of the restaurant operator’s stock after selling 6,488 shares during the period. First Trust Advisors LP’s holdings in Chipotle Mexican Grill were worth $21,396,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also bought and sold shares of the company. Commonwealth Bank of Australia boosted its holdings in Chipotle Mexican Grill by 77.3% during the second quarter. Commonwealth Bank of Australia now owns 39 shares of the restaurant operator’s stock worth $26,000 after buying an additional 17 shares in the last quarter. FNY Investment Advisers LLC bought a new position in Chipotle Mexican Grill during the second quarter worth $36,000. Griffin Asset Management Inc. bought a new position in Chipotle Mexican Grill during the second quarter worth $41,000. Horan Capital Advisors LLC. bought a new position in Chipotle Mexican Grill during the third quarter worth $42,000. Finally, Usca Ria LLC bought a new position in Chipotle Mexican Grill during the third quarter worth $42,000. 91.96% of the stock is owned by hedge funds and other institutional investors.

Shares of CMG traded up $1.52 during mid-day trading on Friday, hitting $750.73. The company’s stock had a trading volume of 52,261 shares, compared to its average volume of 660,239. The company’s 50-day moving average is $797.80 and its 200-day moving average is $765.99. Chipotle Mexican Grill, Inc. has a 52-week low of $383.20 and a 52-week high of $857.90. The firm has a market capitalization of $21.05 billion, a price-to-earnings ratio of 82.86, a PEG ratio of 2.81 and a beta of 0.70. The company has a current ratio of 1.51, a quick ratio of 1.47 and a debt-to-equity ratio of 1.63.

Chipotle Mexican Grill (NYSE:CMG) last announced its quarterly earnings results on Tuesday, October 22nd. The restaurant operator reported $3.82 earnings per share for the quarter, topping the consensus estimate of $3.13 by $0.69. Chipotle Mexican Grill had a net margin of 5.77% and a return on equity of 23.97%. The firm had revenue of $1.40 billion during the quarter, compared to analysts’ expectations of $1.38 billion. During the same quarter in the prior year, the company earned $2.16 EPS. The company’s revenue was up 14.6% compared to the same quarter last year. As a group, sell-side analysts predict that Chipotle Mexican Grill, Inc. will post 13.74 earnings per share for the current fiscal year.

Several equities analysts recently issued reports on the company. Goldman Sachs Group set a $1,000.00 price objective on Chipotle Mexican Grill and gave the stock a “buy” rating in a research note on Friday, August 30th. BMO Capital Markets increased their target price on Chipotle Mexican Grill from $640.00 to $650.00 and gave the stock an “underperform” rating in a research report on Wednesday, October 23rd. Maxim Group increased their target price on Chipotle Mexican Grill from $825.00 to $875.00 and gave the stock a “hold” rating in a research report on Wednesday, October 23rd. Mizuho increased their target price on Chipotle Mexican Grill from $420.00 to $500.00 and gave the stock an “underperform” rating in a research report on Wednesday, July 24th. Finally, JPMorgan Chase & Co. raised their price objective on shares of Chipotle Mexican Grill from $705.00 to $845.00 and gave the company a “neutral” rating in a research report on Wednesday, October 23rd. Five research analysts have rated the stock with a sell rating, fifteen have issued a hold rating and fifteen have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $779.03.

In related news, CEO Brian R. Niccol sold 716 shares of the business’s stock in a transaction that occurred on Friday, November 1st. The shares were sold at an average price of $778.26, for a total transaction of $557,234.16. Following the completion of the transaction, the chief executive officer now owns 26,634 shares in the company, valued at approximately $20,728,176.84. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Brian R. Niccol sold 1,938 shares of the business’s stock in a transaction that occurred on Monday, August 19th. The stock was sold at an average price of $824.90, for a total transaction of $1,598,656.20. Following the transaction, the chief executive officer now owns 28,542 shares of the company’s stock, valued at approximately $23,544,295.80. The disclosure for this sale can be found here. Insiders sold a total of 47,526 shares of company stock valued at $39,109,343 in the last ninety days. Corporate insiders own 2.21% of the company’s stock.

About Chipotle Mexican Grill

Chipotle Mexican Grill, Inc, together with its subsidiaries, operates Chipotle Mexican Grill restaurants. As of December 31, 2018, it operated 2,491 restaurants, including 2,452 Chipotle restaurants in the United States, 37 Chipotle restaurants internationally, and two non-Chipotle restaurants. The company was founded in 1993 and is headquartered in Newport Beach, California.

Featured Article: How to identify percentage decliners

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.