Bessemer Group Inc. Trims Stake in Chipotle Mexican Grill, Inc. $CMG

Bessemer Group Inc. lowered its stake in Chipotle Mexican Grill, Inc. (NYSE:CMG) by 26.8% during the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 44,859 shares of the restaurant operator’s stock after selling 16,437 shares during the quarter. Bessemer Group Inc.’s holdings in Chipotle Mexican Grill were worth $2,518,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Revolve Wealth Partners LLC lifted its stake in shares of Chipotle Mexican Grill by 4.7% during the 4th quarter. Revolve Wealth Partners LLC now owns 4,804 shares of the restaurant operator’s stock worth $290,000 after purchasing an additional 214 shares during the period. Bison Wealth LLC purchased a new position in shares of Chipotle Mexican Grill in the 4th quarter worth $224,000. Sovran Advisors LLC purchased a new position in shares of Chipotle Mexican Grill in the 1st quarter worth $316,000. Ameritas Advisory Services LLC raised its position in Chipotle Mexican Grill by 2.0% in the first quarter. Ameritas Advisory Services LLC now owns 28,964 shares of the restaurant operator’s stock valued at $1,454,000 after purchasing an additional 556 shares during the period. Finally, Koshinski Asset Management Inc. raised its position in Chipotle Mexican Grill by 10.6% in the first quarter. Koshinski Asset Management Inc. now owns 4,188 shares of the restaurant operator’s stock valued at $210,000 after purchasing an additional 400 shares during the period. Hedge funds and other institutional investors own 91.30% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have commented on the company. Stephens reissued an “equal weight” rating and issued a $60.00 price objective on shares of Chipotle Mexican Grill in a research report on Monday, September 29th. Mizuho initiated coverage on Chipotle Mexican Grill in a research note on Tuesday. They issued a “neutral” rating and a $40.00 price target for the company. Wells Fargo & Company decreased their target price on Chipotle Mexican Grill from $60.00 to $55.00 and set an “overweight” rating for the company in a research note on Thursday, October 16th. Raymond James Financial restated an “outperform” rating and issued a $52.00 target price (down from $56.00) on shares of Chipotle Mexican Grill in a research note on Thursday, October 16th. Finally, Morgan Stanley reduced their price objective on Chipotle Mexican Grill from $65.00 to $59.00 and set an “overweight” rating for the company in a research report on Wednesday, October 15th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating and ten have given a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $56.13.

Chipotle Mexican Grill Stock Performance

NYSE CMG opened at $39.77 on Thursday. The stock has a market capitalization of $53.33 billion, a P/E ratio of 35.51, a P/E/G ratio of 2.68 and a beta of 0.99. Chipotle Mexican Grill, Inc. has a 1 year low of $38.30 and a 1 year high of $66.74. The business’s fifty day moving average is $40.81 and its two-hundred day moving average is $46.89.

Chipotle Mexican Grill (NYSE:CMG) last posted its quarterly earnings results on Wednesday, October 29th. The restaurant operator reported $0.29 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.29. Chipotle Mexican Grill had a return on equity of 43.50% and a net margin of 13.32%.Chipotle Mexican Grill’s quarterly revenue was up 7.5% compared to the same quarter last year. During the same period in the previous year, the company earned $0.27 EPS. On average, research analysts forecast that Chipotle Mexican Grill, Inc. will post 1.29 earnings per share for the current year.

About Chipotle Mexican Grill

Chipotle Mexican Grill, Inc, together with its subsidiaries, owns and operates Chipotle Mexican Grill restaurants. It sells food and beverages through offering burritos, burrito bowls, quesadillas, tacos, and salads. The company also provides delivery and related services its app and website. It has operations in the United States, Canada, France, Germany, and the United Kingdom.