Reliance Trust Co. of Delaware Sells 183 Shares of Chipotle Mexican Grill, Inc. (CMG)

Reliance Trust Co. of Delaware reduced its position in Chipotle Mexican Grill, Inc. (NYSE:CMG) by 17.6% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 859 shares of the restaurant operator’s stock after selling 183 shares during the quarter. Reliance Trust Co. of Delaware’s holdings in Chipotle Mexican Grill were worth $390,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in CMG. Dimensional Fund Advisors LP raised its holdings in shares of Chipotle Mexican Grill by 28.8% in the first quarter. Dimensional Fund Advisors LP now owns 77,958 shares of the restaurant operator’s stock valued at $25,189,000 after acquiring an additional 17,425 shares in the last quarter. Millennium Management LLC raised its holdings in shares of Chipotle Mexican Grill by 107.5% in the first quarter. Millennium Management LLC now owns 5,562 shares of the restaurant operator’s stock valued at $1,797,000 after acquiring an additional 2,881 shares in the last quarter. Principal Financial Group Inc. raised its holdings in shares of Chipotle Mexican Grill by 15.4% in the first quarter. Principal Financial Group Inc. now owns 78,406 shares of the restaurant operator’s stock valued at $25,333,000 after acquiring an additional 10,436 shares in the last quarter. Clinton Group Inc. bought a new stake in shares of Chipotle Mexican Grill in the second quarter valued at about $820,000. Finally, XR Securities LLC bought a new stake in shares of Chipotle Mexican Grill in the second quarter valued at about $690,000. Hedge funds and other institutional investors own 88.24% of the company’s stock.

In other news, Director Pershing Square Capital Manage sold 823,357 shares of the company’s stock in a transaction dated Tuesday, August 28th. The shares were sold at an average price of $487.29, for a total transaction of $401,213,632.53. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 2.19% of the company’s stock.

CMG opened at $472.62 on Friday. Chipotle Mexican Grill, Inc. has a 52-week low of $247.51 and a 52-week high of $530.68. The stock has a market cap of $12.83 billion, a PE ratio of 71.61, a P/E/G ratio of 3.05 and a beta of 0.44.

Chipotle Mexican Grill (NYSE:CMG) last posted its quarterly earnings data on Thursday, October 25th. The restaurant operator reported $2.16 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $2.00 by $0.16. Chipotle Mexican Grill had a net margin of 3.96% and a return on equity of 17.14%. The firm had revenue of $1.23 billion for the quarter, compared to the consensus estimate of $1.23 billion. Sell-side analysts forecast that Chipotle Mexican Grill, Inc. will post 8.47 EPS for the current year.

CMG has been the subject of several recent research reports. ValuEngine upgraded Chipotle Mexican Grill from a “hold” rating to a “buy” rating in a report on Tuesday, July 10th. Mizuho downgraded shares of Chipotle Mexican Grill from a “neutral” rating to an “underperform” rating and boosted their target price for the stock from $300.00 to $330.00 in a report on Tuesday, July 10th. Jefferies Financial Group boosted their target price on shares of Chipotle Mexican Grill to $400.00 and gave the stock a “hold” rating in a report on Thursday, July 12th. Morgan Stanley boosted their target price on shares of Chipotle Mexican Grill from $372.00 to $398.00 and gave the stock an “equal weight” rating in a report on Monday, July 16th. Finally, Zacks Investment Research upgraded shares of Chipotle Mexican Grill from a “hold” rating to a “buy” rating and set a $512.00 target price for the company in a report on Monday, July 16th. Nine equities research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and fifteen have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $431.72.

Chipotle Mexican Grill Company Profile

Chipotle Mexican Grill, Inc, together with its subsidiaries, operates Chipotle Mexican Grill restaurants. As of December 31, 2017, it operated 2,363 Chipotle restaurants throughout the United States, as well as 37 international Chipotle restaurants; and 8 non-Chipotle restaurants. The company was founded in 1993 and is based in Denver, Colorado.

Further Reading: What are retained earnings?

Institutional Ownership by Quarter for Chipotle Mexican Grill (NYSE:CMG)

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