Man Group plc Cuts Stock Position in Chipotle Mexican Grill, Inc. (NYSE:CMG)

Man Group plc lowered its holdings in Chipotle Mexican Grill, Inc. (NYSE:CMG) by 26.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,509,341 shares of the restaurant operator’s stock after selling 921,189 shares during the period. Chipotle Mexican Grill comprises 0.4% of Man Group plc’s holdings, making the stock its 26th largest position. Man Group plc owned approximately 0.18% of Chipotle Mexican Grill worth $151,313,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Alliancebernstein L.P. lifted its position in shares of Chipotle Mexican Grill by 29.5% during the 4th quarter. Alliancebernstein L.P. now owns 30,100,520 shares of the restaurant operator’s stock valued at $1,815,061,000 after buying an additional 6,853,470 shares during the last quarter. Geode Capital Management LLC lifted its position in shares of Chipotle Mexican Grill by 1.4% during the 4th quarter. Geode Capital Management LLC now owns 28,476,031 shares of the restaurant operator’s stock valued at $1,712,238,000 after buying an additional 395,053 shares during the last quarter. American Century Companies Inc. lifted its position in shares of Chipotle Mexican Grill by 0.8% during the 4th quarter. American Century Companies Inc. now owns 20,236,980 shares of the restaurant operator’s stock valued at $1,220,290,000 after buying an additional 166,767 shares during the last quarter. Norges Bank purchased a new position in shares of Chipotle Mexican Grill during the 4th quarter valued at $1,093,345,000. Finally, Northern Trust Corp lifted its position in shares of Chipotle Mexican Grill by 11.1% during the 4th quarter. Northern Trust Corp now owns 14,443,085 shares of the restaurant operator’s stock valued at $870,918,000 after buying an additional 1,438,860 shares during the last quarter. Hedge funds and other institutional investors own 91.31% of the company’s stock.

Chipotle Mexican Grill Stock Performance

NYSE CMG opened at $50.66 on Wednesday. Chipotle Mexican Grill, Inc. has a fifty-two week low of $44.46 and a fifty-two week high of $69.26. The stock has a 50 day simple moving average of $49.59 and a two-hundred day simple moving average of $55.57. The stock has a market cap of $68.26 billion, a P/E ratio of 45.63, a price-to-earnings-growth ratio of 2.04 and a beta of 1.11.

Chipotle Mexican Grill (NYSE:CMG) last released its quarterly earnings data on Wednesday, April 23rd. The restaurant operator reported $0.29 earnings per share for the quarter, topping the consensus estimate of $0.28 by $0.01. Chipotle Mexican Grill had a return on equity of 42.92% and a net margin of 13.56%. The business had revenue of $2.88 billion during the quarter, compared to analysts’ expectations of $2.98 billion. During the same quarter last year, the business posted $13.37 EPS. The business’s revenue was up 6.4% on a year-over-year basis. Sell-side analysts predict that Chipotle Mexican Grill, Inc. will post 1.29 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the company. Royal Bank of Canada dropped their price target on Chipotle Mexican Grill from $65.00 to $60.00 and set an “outperform” rating on the stock in a research report on Thursday, April 24th. Guggenheim set a $47.00 price objective on Chipotle Mexican Grill in a report on Friday, April 25th. Stephens reissued an “equal weight” rating and set a $49.00 price objective on shares of Chipotle Mexican Grill in a report on Wednesday, May 7th. Raymond James dropped their price objective on Chipotle Mexican Grill from $72.00 to $69.00 and set an “outperform” rating on the stock in a report on Tuesday, January 28th. Finally, Sanford C. Bernstein reissued an “outperform” rating and set a $70.00 price objective on shares of Chipotle Mexican Grill in a report on Tuesday, January 28th. Nine equities research analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $61.74.

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.