Sienna Gestion Reduces Stock Holdings in Chipotle Mexican Grill, Inc. $CMG

Sienna Gestion trimmed its position in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) by 17.5% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 119,032 shares of the restaurant operator’s stock after selling 25,201 shares during the period. Sienna Gestion’s holdings in Chipotle Mexican Grill were worth $4,253,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also bought and sold shares of the company. Operose Advisors LLC purchased a new position in shares of Chipotle Mexican Grill during the 2nd quarter valued at $25,000. Salomon & Ludwin LLC purchased a new stake in Chipotle Mexican Grill in the 3rd quarter worth about $26,000. Lavaca Capital LLC purchased a new stake in Chipotle Mexican Grill in the 2nd quarter worth about $28,000. Steigerwald Gordon & Koch Inc. bought a new stake in Chipotle Mexican Grill in the 3rd quarter valued at about $29,000. Finally, Murphy & Mullick Capital Management Corp raised its stake in Chipotle Mexican Grill by 106.7% in the 3rd quarter. Murphy & Mullick Capital Management Corp now owns 775 shares of the restaurant operator’s stock valued at $30,000 after acquiring an additional 400 shares during the period. 91.30% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

CMG has been the topic of a number of recent research reports. TD Cowen restated a “buy” rating and set a $44.00 price target on shares of Chipotle Mexican Grill in a research note on Wednesday, February 4th. Truist Financial lifted their price objective on shares of Chipotle Mexican Grill from $45.00 to $50.00 and gave the company a “buy” rating in a research note on Thursday, January 8th. Piper Sandler dropped their target price on Chipotle Mexican Grill from $47.00 to $44.00 and set an “overweight” rating on the stock in a research report on Wednesday, February 4th. Gordon Haskett downgraded Chipotle Mexican Grill from a “strong-buy” rating to a “hold” rating in a research report on Thursday, January 8th. Finally, Wall Street Zen raised Chipotle Mexican Grill from a “sell” rating to a “hold” rating in a report on Saturday. Twenty-three research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $47.37.

Chipotle Mexican Grill Stock Performance

NYSE:CMG opened at $35.42 on Monday. Chipotle Mexican Grill, Inc. has a 52-week low of $29.75 and a 52-week high of $58.42. The stock has a fifty day moving average of $38.37 and a 200 day moving average of $37.82. The firm has a market capitalization of $46.13 billion, a price-to-earnings ratio of 31.07, a P/E/G ratio of 2.18 and a beta of 1.00.

Chipotle Mexican Grill (NYSE:CMG) last announced its earnings results on Tuesday, February 3rd. The restaurant operator reported $0.25 earnings per share for the quarter, topping analysts’ consensus estimates of $0.24 by $0.01. The business had revenue of $2.98 billion for the quarter, compared to analyst estimates of $2.96 billion. Chipotle Mexican Grill had a return on equity of 47.99% and a net margin of 12.88%.The company’s quarterly revenue was up 4.9% compared to the same quarter last year. During the same period in the prior year, the company earned $0.25 EPS. Equities analysts forecast that Chipotle Mexican Grill, Inc. will post 1.29 earnings per share for the current fiscal year.

Chipotle Mexican Grill Profile

Chipotle Mexican Grill is a fast-casual restaurant company known for its Mexican-inspired menu of burritos, bowls, tacos and salads. Founded in 1993 by Steve Ells, the chain emphasizes fresh, customizable meals made from a limited menu of core ingredients and a focus on ingredient quality. Chipotle operates primarily company-owned restaurants and offers dine-in, takeout, catering and delivery through its own digital platforms and third-party partners.

The company is headquartered in Newport Beach, California, and traces its roots to Denver, Colorado.