Epoch Investment Partners Inc. Sells 279,703 Shares of Chipotle Mexican Grill, Inc. $CMG

Epoch Investment Partners Inc. cut its position in Chipotle Mexican Grill, Inc. (NYSE:CMG) by 9.6% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,622,106 shares of the restaurant operator’s stock after selling 279,703 shares during the quarter. Epoch Investment Partners Inc. owned 0.20% of Chipotle Mexican Grill worth $83,934,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in CMG. Revolve Wealth Partners LLC increased its stake in Chipotle Mexican Grill by 4.7% in the fourth quarter. Revolve Wealth Partners LLC now owns 4,804 shares of the restaurant operator’s stock valued at $290,000 after acquiring an additional 214 shares during the last quarter. Bison Wealth LLC bought a new stake in Chipotle Mexican Grill during the fourth quarter worth $224,000. Empowered Funds LLC lifted its stake in Chipotle Mexican Grill by 5.5% during the first quarter. Empowered Funds LLC now owns 26,460 shares of the restaurant operator’s stock worth $1,329,000 after purchasing an additional 1,368 shares during the last quarter. Osterweis Capital Management Inc. boosted its holdings in shares of Chipotle Mexican Grill by 7,176.0% in the 2nd quarter. Osterweis Capital Management Inc. now owns 1,819 shares of the restaurant operator’s stock valued at $102,000 after purchasing an additional 1,794 shares in the last quarter. Finally, Ieq Capital LLC increased its stake in shares of Chipotle Mexican Grill by 88.8% in the 2nd quarter. Ieq Capital LLC now owns 274,375 shares of the restaurant operator’s stock valued at $15,406,000 after purchasing an additional 129,066 shares during the last quarter. Institutional investors own 91.30% of the company’s stock.

Chipotle Mexican Grill Stock Performance

Shares of CMG opened at $31.79 on Friday. Chipotle Mexican Grill, Inc. has a 52 week low of $28.03 and a 52 week high of $47.18. The stock has a market capitalization of $40.78 billion, a price-to-earnings ratio of 29.17, a PEG ratio of 2.09 and a beta of 0.97. The stock has a fifty day moving average of $32.62 and a 200-day moving average of $34.74.

Chipotle Mexican Grill (NYSE:CMG) last issued its earnings results on Wednesday, April 29th. The restaurant operator reported $0.24 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.24. The business had revenue of $3.09 billion during the quarter, compared to analysts’ expectations of $3.07 billion. Chipotle Mexican Grill had a return on equity of 49.64% and a net margin of 11.96%.The business’s revenue for the quarter was up 7.4% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.29 EPS. As a group, equities analysts forecast that Chipotle Mexican Grill, Inc. will post 1.13 EPS for the current year.

Wall Street Analyst Weigh In

CMG has been the subject of a number of research analyst reports. TD Cowen reissued a “buy” rating and set a $44.00 price target on shares of Chipotle Mexican Grill in a report on Thursday, April 30th. Argus raised Chipotle Mexican Grill from a “hold” rating to a “buy” rating and set a $40.00 price objective on the stock in a research note on Tuesday, May 5th. JPMorgan Chase & Co. upgraded Chipotle Mexican Grill from a “neutral” rating to an “overweight” rating and decreased their target price for the company from $38.00 to $35.00 in a research report on Friday, June 5th. Raymond James Financial lowered their target price on Chipotle Mexican Grill from $43.00 to $41.00 and set an “outperform” rating for the company in a research note on Tuesday, April 21st. Finally, Weiss Ratings raised shares of Chipotle Mexican Grill from a “sell (d+)” rating to a “hold (c-)” rating in a report on Thursday, June 25th. Twenty-three investment analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $43.86.

Chipotle Mexican Grill Company Profile

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.