Robeco Institutional Asset Management B.V. Sells 58,145 Shares of Chipotle Mexican Grill, Inc. $CMG

Robeco Institutional Asset Management B.V. decreased its position in Chipotle Mexican Grill, Inc. (NYSE:CMG) by 4.4% during the 2nd quarter, Holdings Channel reports. The firm owned 1,263,565 shares of the restaurant operator’s stock after selling 58,145 shares during the quarter. Robeco Institutional Asset Management B.V.’s holdings in Chipotle Mexican Grill were worth $70,949,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in CMG. Revolve Wealth Partners LLC grew its holdings in 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 acquiring an additional 214 shares during the last quarter. Bison Wealth LLC acquired a new position in Chipotle Mexican Grill during the 4th quarter valued at about $224,000. NBC Securities Inc. lifted its position in Chipotle Mexican Grill by 137,000.0% during the 1st quarter. NBC Securities Inc. now owns 1,371 shares of the restaurant operator’s stock valued at $68,000 after purchasing an additional 1,370 shares during the period. Merit Financial Group LLC raised its position in shares of Chipotle Mexican Grill by 31.6% in the 1st quarter. Merit Financial Group LLC now owns 59,194 shares of the restaurant operator’s stock valued at $2,972,000 after acquiring an additional 14,198 shares during the period. Finally, RFG Advisory LLC raised its position in shares of Chipotle Mexican Grill by 164.2% in the 1st quarter. RFG Advisory LLC now owns 14,985 shares of the restaurant operator’s stock valued at $752,000 after acquiring an additional 9,313 shares during the period. Institutional investors own 91.30% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently weighed in on CMG shares. Piper Sandler upgraded shares of Chipotle Mexican Grill from a “neutral” rating to an “overweight” rating and cut their price target for the company from $53.00 to $50.00 in a research report on Tuesday, August 12th. Truist Financial cut their price target on shares of Chipotle Mexican Grill from $64.00 to $60.00 and set a “buy” rating on the stock in a research report on Friday, July 25th. Wells Fargo & Company cut their price target on shares of Chipotle Mexican Grill from $65.00 to $60.00 and set an “overweight” rating on the stock in a research report on Thursday, July 24th. Citigroup cut their price target on shares of Chipotle Mexican Grill from $68.00 to $62.00 and set a “buy” rating on the stock in a research report on Thursday, July 24th. Finally, Raymond James Financial cut their price target on shares of Chipotle Mexican Grill from $60.00 to $56.00 and set an “outperform” rating on the stock in a research report on Friday, August 15th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-one have given a Buy rating and eight have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $59.41.

Chipotle Mexican Grill Stock Performance

Shares of CMG stock opened at $40.25 on Friday. The company has a market capitalization of $53.97 billion, a P/E ratio of 35.94, a price-to-earnings-growth ratio of 1.98 and a beta of 0.99. The company’s 50 day moving average price is $41.57 and its two-hundred day moving average price is $47.98. Chipotle Mexican Grill, Inc. has a 52 week low of $38.30 and a 52 week high of $66.74.

Chipotle Mexican Grill (NYSE:CMG) last issued its quarterly earnings results on Wednesday, July 23rd. The restaurant operator reported $0.33 earnings per share for the quarter, topping the consensus estimate of $0.32 by $0.01. The company had revenue of $3.06 billion during the quarter, compared to analysts’ expectations of $3.11 billion. Chipotle Mexican Grill had a net margin of 13.32% and a return on equity of 43.50%. The business’s quarterly revenue was up 3.0% on a year-over-year basis. During the same period last year, the business earned $0.34 EPS. Analysts forecast that Chipotle Mexican Grill, Inc. will post 1.29 earnings per share for the current year.

Chipotle Mexican Grill 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.