Chipotle Mexican Grill, Inc. $CMG Shares Sold by Broadleaf Partners LLC

Broadleaf Partners LLC cut its position in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) by 53.2% in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 68,145 shares of the restaurant operator’s stock after selling 77,597 shares during the quarter. Broadleaf Partners LLC’s holdings in Chipotle Mexican Grill were worth $3,826,000 as of its most recent filing with the SEC.

Several other large investors also recently bought and sold shares of CMG. Norges Bank acquired a new position in shares of Chipotle Mexican Grill during the 2nd quarter worth $1,001,668,000. Sustainable Growth Advisers LP acquired a new stake in Chipotle Mexican Grill in the 2nd quarter valued at about $597,031,000. Price T Rowe Associates Inc. MD increased its holdings in Chipotle Mexican Grill by 7.6% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 56,827,332 shares of the restaurant operator’s stock valued at $2,853,302,000 after acquiring an additional 4,027,016 shares in the last quarter. Alliancebernstein L.P. raised its position in Chipotle Mexican Grill by 8.0% during the first quarter. Alliancebernstein L.P. now owns 32,505,318 shares of the restaurant operator’s stock worth $1,632,092,000 after acquiring an additional 2,404,798 shares during the last quarter. Finally, Marshall Wace LLP raised its position in Chipotle Mexican Grill by 2,705.6% during the second quarter. Marshall Wace LLP now owns 2,126,682 shares of the restaurant operator’s stock worth $119,413,000 after acquiring an additional 2,050,882 shares during the last quarter. Institutional investors and hedge funds own 91.30% of the company’s stock.

Chipotle Mexican Grill Stock Down 1.0%

Shares of NYSE:CMG opened at $33.59 on Tuesday. The company has a market cap of $44.41 billion, a P/E ratio of 29.72, a P/E/G ratio of 3.47 and a beta of 0.99. The business has a fifty day simple moving average of $36.06 and a 200-day simple moving average of $43.30. Chipotle Mexican Grill, Inc. has a 52 week low of $29.75 and a 52 week high of $66.74.

Chipotle Mexican Grill (NYSE:CMG) last issued its quarterly earnings results on Wednesday, October 29th. The restaurant operator reported $0.29 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.29. The firm had revenue of $3 billion for the quarter, compared to analyst estimates of $3.06 billion. Chipotle Mexican Grill had a return on equity of 45.39% and a net margin of 13.04%.The firm’s quarterly revenue was up 7.5% on a year-over-year basis. During the same period last year, the company earned $0.27 EPS. Sell-side analysts expect that Chipotle Mexican Grill, Inc. will post 1.29 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

CMG has been the topic of several research reports. The Goldman Sachs Group reiterated a “buy” rating and issued a $45.00 price target (down from $52.00) on shares of Chipotle Mexican Grill in a research report on Thursday, October 30th. BMO Capital Markets reiterated an “outperform” rating on shares of Chipotle Mexican Grill in a report on Thursday, October 30th. Stifel Nicolaus cut their price target on Chipotle Mexican Grill from $65.00 to $60.00 and set a “buy” rating for the company in a report on Tuesday, September 9th. Zacks Research downgraded Chipotle Mexican Grill from a “hold” rating to a “strong sell” rating in a research report on Thursday, October 30th. Finally, Truist Financial dropped their price objective on Chipotle Mexican Grill from $53.00 to $45.00 and set a “buy” rating for the company in a research report on Thursday, October 30th. Two research analysts have rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating, eleven have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $49.81.

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.