Chipotle Mexican Grill, Inc. $CMG Shares Sold by Voya Investment Management LLC

Voya Investment Management LLC lowered its stake in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) by 31.4% in the third quarter, HoldingsChannel.com reports. The firm owned 3,488,677 shares of the restaurant operator’s stock after selling 1,598,636 shares during the period. Voya Investment Management LLC’s holdings in Chipotle Mexican Grill were worth $136,721,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the stock. First Financial Corp IN raised its position in Chipotle Mexican Grill by 19.4% in the third quarter. First Financial Corp IN now owns 21,188 shares of the restaurant operator’s stock valued at $830,000 after purchasing an additional 3,440 shares during the period. YHB Investment Advisors Inc. grew its stake in shares of Chipotle Mexican Grill by 5.0% in the third quarter. YHB Investment Advisors Inc. now owns 66,251 shares of the restaurant operator’s stock valued at $2,596,000 after buying an additional 3,132 shares in the last quarter. Bennett Selby Investments LP raised its holdings in shares of Chipotle Mexican Grill by 20.0% in the 3rd quarter. Bennett Selby Investments LP now owns 8,867 shares of the restaurant operator’s stock valued at $347,000 after buying an additional 1,475 shares during the period. Czech National Bank raised its holdings in shares of Chipotle Mexican Grill by 3.4% in the 3rd quarter. Czech National Bank now owns 340,557 shares of the restaurant operator’s stock valued at $13,346,000 after buying an additional 11,214 shares during the period. Finally, Carr Financial Group Corp lifted its stake in Chipotle Mexican Grill by 10.5% during the 3rd quarter. Carr Financial Group Corp now owns 5,621 shares of the restaurant operator’s stock worth $220,000 after acquiring an additional 535 shares in the last quarter. Institutional investors and hedge funds own 91.30% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have weighed in on CMG. Stephens dropped their target price on Chipotle Mexican Grill from $48.00 to $35.00 and set an “equal weight” rating for the company in a research report on Thursday, October 30th. Stifel Nicolaus lowered their price objective on shares of Chipotle Mexican Grill from $65.00 to $60.00 and set a “buy” rating for the company in a research note on Tuesday, September 9th. Wells Fargo & Company dropped their price objective on shares of Chipotle Mexican Grill from $55.00 to $45.00 and set an “overweight” rating for the company in a report on Thursday, October 30th. Jefferies Financial Group cut their target price on shares of Chipotle Mexican Grill from $48.00 to $44.00 and set a “hold” rating on the stock in a research note on Monday, October 13th. Finally, Royal Bank Of Canada decreased their price target on shares of Chipotle Mexican Grill from $58.00 to $40.00 and set an “outperform” rating for the company in a research report on Thursday, October 30th. Two analysts have rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating, eleven have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $49.81.

Chipotle Mexican Grill Stock Performance

CMG stock opened at $37.66 on Friday. The company’s 50 day moving average price is $35.26 and its 200 day moving average price is $42.58. The firm has a market capitalization of $49.79 billion, a price-to-earnings ratio of 33.32, a PEG ratio of 3.78 and a beta of 0.99. Chipotle Mexican Grill, Inc. has a fifty-two week low of $29.75 and a fifty-two week high of $62.88.

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. Chipotle Mexican Grill had a net margin of 13.04% and a return on equity of 45.39%. The company had revenue of $3 billion during the quarter, compared to the consensus estimate of $3.06 billion. During the same quarter in the previous year, the firm earned $0.27 earnings per share. The firm’s quarterly revenue was up 7.5% on a year-over-year basis. Equities analysts forecast that Chipotle Mexican Grill, Inc. will post 1.29 EPS for the current fiscal year.

Chipotle Mexican Grill Company Profile

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.