Strategic Blueprint LLC Sells 31,752 Shares of Chipotle Mexican Grill, Inc. $CMG

Strategic Blueprint LLC decreased its stake in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) by 55.3% in the second quarter, HoldingsChannel reports. The institutional investor owned 25,653 shares of the restaurant operator’s stock after selling 31,752 shares during the period. Strategic Blueprint LLC’s holdings in Chipotle Mexican Grill were worth $1,440,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in CMG. Nuveen LLC bought a new stake in Chipotle Mexican Grill during the 1st quarter valued at about $535,023,000. Goldman Sachs Group Inc. raised its holdings in shares of Chipotle Mexican Grill by 98.1% in the 1st quarter. Goldman Sachs Group Inc. now owns 9,900,521 shares of the restaurant operator’s stock valued at $497,105,000 after purchasing an additional 4,903,969 shares in the last quarter. Montrusco Bolton Investments Inc. raised its holdings in shares of Chipotle Mexican Grill by 5,319.7% in the 1st quarter. Montrusco Bolton Investments Inc. now owns 4,848,990 shares of the restaurant operator’s stock valued at $235,580,000 after purchasing an additional 4,759,520 shares in the last quarter. Price T Rowe Associates Inc. MD raised its holdings in shares of Chipotle Mexican Grill by 7.6% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 56,827,332 shares of the restaurant operator’s stock valued at $2,853,302,000 after purchasing an additional 4,027,016 shares in the last quarter. Finally, Alliancebernstein L.P. raised its holdings in shares of Chipotle Mexican Grill by 8.0% in the 1st quarter. Alliancebernstein L.P. now owns 32,505,318 shares of the restaurant operator’s stock valued at $1,632,092,000 after purchasing an additional 2,404,798 shares in the last quarter. Institutional investors own 91.30% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on CMG shares. Evercore ISI reduced their price target on shares of Chipotle Mexican Grill from $57.00 to $53.00 and set an “outperform” rating for the company in a report on Tuesday, October 7th. UBS Group restated a “buy” rating and issued a $56.00 price target (down previously from $65.00) on shares of Chipotle Mexican Grill in a report on Monday. TD Cowen restated a “buy” rating and issued a $58.00 price target on shares of Chipotle Mexican Grill in a report on Friday, September 19th. Melius started coverage on shares of Chipotle Mexican Grill in a report on Monday, July 14th. They issued a “hold” rating and a $60.00 price target for the company. Finally, Robert W. Baird reduced their price target on shares of Chipotle Mexican Grill from $59.00 to $49.00 and set an “outperform” rating for the company in a report on Friday, October 10th. Two research analysts have rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating and nine have assigned a Hold rating to the stock. Based on data from MarketBeat, Chipotle Mexican Grill presently has an average rating of “Moderate Buy” and a consensus price target of $56.69.

Chipotle Mexican Grill Stock Performance

Shares of NYSE CMG opened at $41.18 on Friday. The company has a market cap of $55.22 billion, a PE ratio of 36.77, a P/E/G ratio of 2.53 and a beta of 0.99. The business has a 50-day simple moving average of $40.98 and a two-hundred day simple moving average of $47.12. Chipotle Mexican Grill, Inc. has a fifty-two week low of $38.30 and a fifty-two week high of $66.74.

Chipotle Mexican Grill (NYSE:CMG) last released its 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 for the quarter, compared to the consensus estimate of $3.11 billion. Chipotle Mexican Grill had a net margin of 13.32% and a return on equity of 43.50%. Chipotle Mexican Grill’s revenue was up 3.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.34 EPS. On average, sell-side analysts predict that Chipotle Mexican Grill, Inc. will post 1.29 earnings per share 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.