Westwood Holdings Group Inc. Decreases Holdings in Chipotle Mexican Grill, Inc. $CMG

Westwood Holdings Group Inc. trimmed its holdings in Chipotle Mexican Grill, Inc. (NYSE:CMG) by 3.8% in the second quarter, HoldingsChannel reports. The fund owned 458,442 shares of the restaurant operator’s stock after selling 18,117 shares during the period. Westwood Holdings Group Inc.’s holdings in Chipotle Mexican Grill were worth $25,742,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in CMG. Kestra Investment Management LLC raised its position in Chipotle Mexican Grill by 29.1% in the 2nd quarter. Kestra Investment Management LLC now owns 5,402 shares of the restaurant operator’s stock worth $303,000 after purchasing an additional 1,218 shares during the period. Caxton Associates LLP purchased a new stake in Chipotle Mexican Grill during the second quarter valued at about $384,000. CYBER HORNET ETFs LLC bought a new position in shares of Chipotle Mexican Grill during the second quarter valued at about $202,000. National Bank of Canada FI grew its stake in shares of Chipotle Mexican Grill by 42.3% during the second quarter. National Bank of Canada FI now owns 1,704,942 shares of the restaurant operator’s stock valued at $95,736,000 after buying an additional 507,058 shares during the last quarter. Finally, MUFG Securities EMEA plc purchased a new position in shares of Chipotle Mexican Grill in the second quarter worth about $224,000. Institutional investors own 91.30% of the company’s stock.

Analysts Set New Price Targets

CMG has been the subject of several analyst reports. KeyCorp dropped their target price on Chipotle Mexican Grill from $52.00 to $45.00 and set an “overweight” rating for the company in a report on Thursday, October 30th. Zacks Research downgraded Chipotle Mexican Grill from a “hold” rating to a “strong sell” rating in a research report on Thursday, October 30th. Evercore ISI dropped their price objective on Chipotle Mexican Grill from $53.00 to $45.00 and set an “outperform” rating for the company in a research note on Thursday, October 30th. The Goldman Sachs Group restated a “buy” rating and issued a $45.00 target price (down previously from $52.00) on shares of Chipotle Mexican Grill in a report on Thursday, October 30th. Finally, BMO Capital Markets reaffirmed an “outperform” rating on shares of Chipotle Mexican Grill in a research note on Thursday, October 30th. Two analysts have rated the stock with a Strong Buy rating, twenty-two have given a Buy rating, eleven have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $49.81.

Chipotle Mexican Grill Stock Performance

CMG opened at $36.13 on Monday. The stock has a market capitalization of $47.77 billion, a PE ratio of 31.97, a price-to-earnings-growth ratio of 3.69 and a beta of 0.99. The stock’s 50 day moving average price is $35.63 and its 200-day moving average price is $42.85. Chipotle Mexican Grill, Inc. has a 52-week low of $29.75 and a 52-week high of $66.43.

Chipotle Mexican Grill (NYSE:CMG) last announced its quarterly earnings results on Wednesday, October 29th. The restaurant operator reported $0.29 EPS for the quarter, hitting analysts’ consensus estimates of $0.29. The company had revenue of $3 billion during 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 revenue was up 7.5% on a year-over-year basis. During the same quarter last year, the firm posted $0.27 earnings per share. Research analysts forecast that Chipotle Mexican Grill, Inc. will post 1.29 EPS for the current fiscal year.

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.