Hussman Strategic Advisors Inc. Sells 2,300 Shares of Chipotle Mexican Grill, Inc. (CMG)
Hussman Strategic Advisors Inc. lessened its holdings in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) by 30.7% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 5,200 shares of the restaurant operator’s stock after selling 2,300 shares during the quarter. Hussman Strategic Advisors Inc.’s holdings in Chipotle Mexican Grill were worth $1,601,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also modified their holdings of the company. Andra AP fonden raised its stake in Chipotle Mexican Grill by 67.9% during the 2nd quarter. Andra AP fonden now owns 4,700 shares of the restaurant operator’s stock valued at $1,956,000 after purchasing an additional 1,900 shares during the period. Chilton Investment Co. LLC bought a new stake in Chipotle Mexican Grill during the 2nd quarter valued at approximately $10,040,000. Birinyi Associates Inc. raised its stake in Chipotle Mexican Grill by 70.0% during the 2nd quarter. Birinyi Associates Inc. now owns 3,400 shares of the restaurant operator’s stock valued at $1,415,000 after purchasing an additional 1,400 shares during the period. Allen Investment Management LLC bought a new stake in Chipotle Mexican Grill during the 2nd quarter valued at approximately $493,000. Finally, Sustainable Growth Advisers LP raised its stake in Chipotle Mexican Grill by 5.6% during the 2nd quarter. Sustainable Growth Advisers LP now owns 357,539 shares of the restaurant operator’s stock valued at $148,772,000 after purchasing an additional 18,856 shares during the period. 89.51% of the stock is currently owned by institutional investors.
Several analysts recently issued reports on the company. Jefferies Group LLC decreased their target price on Chipotle Mexican Grill to $300.00 and set a “positive” rating on the stock in a research note on Wednesday, October 25th. BMO Capital Markets restated a “market perform” rating and set a $275.00 price target (down previously from $330.00) on shares of Chipotle Mexican Grill in a report on Wednesday, October 25th. Wedbush restated a “hold” rating and set a $290.00 price target on shares of Chipotle Mexican Grill in a report on Wednesday, October 25th. Stifel Nicolaus cut their price target on Chipotle Mexican Grill from $345.00 to $310.00 and set a “hold” rating for the company in a report on Wednesday, October 25th. Finally, Morgan Stanley cut their price target on Chipotle Mexican Grill from $350.00 to $310.00 and set an “equal weight” rating for the company in a report on Wednesday, October 25th. They noted that the move was a valuation call. Eight analysts have rated the stock with a sell rating, twenty-two have given a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $356.06.
Chipotle Mexican Grill (NYSE:CMG) last released its quarterly earnings results on Tuesday, October 24th. The restaurant operator reported $1.33 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $2.24 by ($0.91). Chipotle Mexican Grill had a return on equity of 11.80% and a net margin of 3.37%. The company had revenue of $1.13 billion for the quarter, compared to analysts’ expectations of $1.14 billion. During the same period in the prior year, the business earned $0.56 EPS. The business’s quarterly revenue was up 8.8% compared to the same quarter last year.
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Chipotle Mexican Grill Company Profile
Chipotle Mexican Grill, Inc (Chipotle), together with its subsidiaries, operates Chipotle Mexican Grill restaurants. The Company’s Chipotle Mexican Grill restaurants serve a menu of burritos, tacos, burrito bowls (a burrito without the tortilla) and salads. As of December 31, 2016, the Company managed its operations and restaurants based on 11 regions.
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