Chipotle Mexican Grill, Inc. (NYSE:CMG) Shares Sold by Jacobs Levy Equity Management Inc.

Jacobs Levy Equity Management Inc. cut its holdings in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) by 5.0% during the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 38,947 shares of the restaurant operator’s stock after selling 2,067 shares during the quarter. Jacobs Levy Equity Management Inc.’s holdings in Chipotle Mexican Grill were worth $27,664,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Piedmont Investment Advisors Inc. increased its stake in shares of Chipotle Mexican Grill by 5.8% during the fourth quarter. Piedmont Investment Advisors Inc. now owns 2,126 shares of the restaurant operator’s stock valued at $918,000 after buying an additional 117 shares during the period. Massachusetts Financial Services Co. MA increased its stake in shares of Chipotle Mexican Grill by 101.1% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 307,230 shares of the restaurant operator’s stock valued at $132,659,000 after buying an additional 154,428 shares during the period. Columbus Circle Investors increased its stake in shares of Chipotle Mexican Grill by 10.5% during the first quarter. Columbus Circle Investors now owns 90,220 shares of the restaurant operator’s stock valued at $64,084,000 after buying an additional 8,573 shares during the period. Trillium Asset Management LLC increased its stake in shares of Chipotle Mexican Grill by 6.8% during the fourth quarter. Trillium Asset Management LLC now owns 5,348 shares of the restaurant operator’s stock valued at $2,309,000 after buying an additional 339 shares during the period. Finally, Capital Wealth Management LLC purchased a new position in shares of Chipotle Mexican Grill during the first quarter valued at approximately $234,000. 95.08% of the stock is currently owned by hedge funds and other institutional investors.

In other news, CFO Jack Hartung sold 1,188 shares of the stock in a transaction on Tuesday, March 26th. The stock was sold at an average price of $680.00, for a total value of $807,840.00. Following the sale, the chief financial officer now directly owns 37,472 shares of the company’s stock, valued at $25,480,960. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Over the last three months, insiders sold 7,751 shares of company stock worth $5,112,797. Insiders own 2.21% of the company’s stock.

Several equities analysts have recently issued reports on the company. Maxim Group boosted their target price on Chipotle Mexican Grill from $540.00 to $620.00 and gave the company a “hold” rating in a research note on Wednesday, April 17th. Jefferies Financial Group cut Chipotle Mexican Grill from a “buy” rating to a “hold” rating and upped their price target for the stock from $600.00 to $700.00 in a research note on Thursday, April 11th. Oppenheimer upped their price target on Chipotle Mexican Grill from $400.00 to $525.00 and gave the stock an “underperform” rating in a research note on Thursday, April 25th. Stifel Nicolaus upped their price target on Chipotle Mexican Grill from $500.00 to $700.00 and gave the stock an “underperform” rating in a research note on Friday, April 5th. Finally, Citigroup upped their price target on Chipotle Mexican Grill from $695.00 to $797.00 and gave the stock a “buy” rating in a research note on Thursday, June 6th. Six equities research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $648.66.

Shares of NYSE CMG traded up $0.93 during trading on Thursday, reaching $738.67. The company had a trading volume of 9,185 shares, compared to its average volume of 574,981. Chipotle Mexican Grill, Inc. has a 12-month low of $383.20 and a 12-month high of $743.43. The stock has a market cap of $20.21 billion, a P/E ratio of 81.52, a P/E/G ratio of 2.92 and a beta of 0.63. The company has a current ratio of 1.44, a quick ratio of 1.41 and a debt-to-equity ratio of 1.69.

Chipotle Mexican Grill (NYSE:CMG) last released its earnings results on Wednesday, April 24th. The restaurant operator reported $3.40 EPS for the quarter, topping analysts’ consensus estimates of $3.01 by $0.39. Chipotle Mexican Grill had a return on equity of 19.78% and a net margin of 4.08%. The firm had revenue of $1.31 billion for the quarter, compared to analysts’ expectations of $1.27 billion. During the same period in the prior year, the firm posted $2.13 earnings per share. The company’s quarterly revenue was up 13.9% on a year-over-year basis. As a group, analysts forecast that Chipotle Mexican Grill, Inc. will post 13 earnings per share for the current fiscal year.

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Chipotle Mexican Grill Profile

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.

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

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