Exxonmobil Investment Management Inc. TX lessened its stake in Chipotle Mexican Grill, Inc. (NYSE:CMG) by 13.8% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 3,950 shares of the restaurant operator’s stock after selling 632 shares during the quarter. Exxonmobil Investment Management Inc. TX’s holdings in Chipotle Mexican Grill were worth $1,142,000 as of its most recent filing with the SEC.
Several other institutional investors and hedge funds also recently made changes to their positions in the company. First Interstate Bank lifted its stake in Chipotle Mexican Grill by 111.1% during the third quarter. First Interstate Bank now owns 475 shares of the restaurant operator’s stock worth $146,000 after purchasing an additional 250 shares during the last quarter. Mercer Capital Advisers Inc. purchased a new stake in Chipotle Mexican Grill during the third quarter worth approximately $183,000. CIBC World Markets Inc. purchased a new stake in Chipotle Mexican Grill during the second quarter worth approximately $205,000. Pacer Advisors Inc. lifted its stake in Chipotle Mexican Grill by 43.2% during the third quarter. Pacer Advisors Inc. now owns 713 shares of the restaurant operator’s stock worth $219,000 after purchasing an additional 215 shares during the last quarter. Finally, Raymond James Trust N.A. lifted its stake in Chipotle Mexican Grill by 10.1% during the second quarter. Raymond James Trust N.A. now owns 545 shares of the restaurant operator’s stock worth $227,000 after purchasing an additional 50 shares during the last quarter. Institutional investors and hedge funds own 88.43% of the company’s stock.
CMG has been the subject of several recent analyst reports. Zacks Investment Research upgraded Chipotle Mexican Grill from a “strong sell” rating to a “hold” rating in a research note on Thursday, November 16th. Wells Fargo & Co restated a “hold” rating on shares of Chipotle Mexican Grill in a research note on Friday, October 13th. Mizuho restated a “buy” rating and set a $450.00 target price on shares of Chipotle Mexican Grill in a research note on Saturday, September 23rd. Bank of America cut Chipotle Mexican Grill from a “neutral” rating to an “underperform” rating and decreased their target price for the stock from $390.00 to $285.00 in a research note on Wednesday, October 18th. Finally, UBS Group set a $345.00 target price on Chipotle Mexican Grill and gave the stock a “hold” rating in a research note on Thursday, October 26th. Six equities research analysts have rated the stock with a sell rating, twenty-four have assigned a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $359.26.
Shares of Chipotle Mexican Grill, Inc. (CMG) opened at $337.53 on Friday. The firm has a market capitalization of $9,447.58, a P/E ratio of 65.41, a price-to-earnings-growth ratio of 2.00 and a beta of 0.50. Chipotle Mexican Grill, Inc. has a 52 week low of $263.00 and a 52 week high of $499.00.
Chipotle Mexican Grill (NYSE:CMG) last released its earnings results on Tuesday, October 24th. The restaurant operator reported $1.33 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $2.24 by ($0.91). The company had revenue of $1.13 billion during the quarter, compared to analyst estimates of $1.14 billion. Chipotle Mexican Grill had a net margin of 3.37% and a return on equity of 11.80%. The company’s revenue for the quarter was up 8.8% on a year-over-year basis. During the same period in the previous year, the firm posted $0.56 EPS. analysts expect that Chipotle Mexican Grill, Inc. will post 6.58 earnings per share for the current fiscal year.
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Chipotle Mexican Grill Profile
Chipotle Mexican Grill, Inc (Chipotle), together with its subsidiaries, operates Chipotle Mexican Grill restaurants. The Company’s Chipotle Mexican Grill restaurants serve a menu of burritos, tacos, burrito bowls (a burrito without the tortilla) and salads. As of December 31, 2016, the Company managed its operations and restaurants based on 11 regions.
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