Chipotle Mexican Grill, Inc. (NYSE:CMG) Holdings Trimmed by Epoch Investment Partners Inc.

Epoch Investment Partners Inc. trimmed its position in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) by 41.7% during the 1st quarter, HoldingsChannel reports. The firm owned 15,888 shares of the restaurant operator’s stock after selling 11,343 shares during the quarter. Epoch Investment Partners Inc.’s holdings in Chipotle Mexican Grill were worth $46,183,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. LRI Investments LLC purchased a new position in Chipotle Mexican Grill during the 1st quarter worth approximately $168,000. Quadrature Capital Ltd acquired a new stake in shares of Chipotle Mexican Grill during the 1st quarter valued at $76,954,000. Canada Pension Plan Investment Board boosted its stake in shares of Chipotle Mexican Grill by 296.5% during the 1st quarter. Canada Pension Plan Investment Board now owns 21,144 shares of the restaurant operator’s stock valued at $61,461,000 after buying an additional 15,811 shares during the period. Westwood Holdings Group Inc. boosted its stake in shares of Chipotle Mexican Grill by 1.1% during the 1st quarter. Westwood Holdings Group Inc. now owns 13,490 shares of the restaurant operator’s stock valued at $39,212,000 after buying an additional 149 shares during the period. Finally, Sheaff Brock Investment Advisors LLC boosted its stake in shares of Chipotle Mexican Grill by 9.4% during the 1st quarter. Sheaff Brock Investment Advisors LLC now owns 186 shares of the restaurant operator’s stock valued at $541,000 after buying an additional 16 shares during the period. 91.31% of the stock is currently owned by hedge funds and other institutional investors.

Chipotle Mexican Grill Stock Performance

Shares of NYSE:CMG traded down $0.99 on Friday, hitting $49.83. 24,611,086 shares of the company were exchanged, compared to its average volume of 19,298,044. The company’s 50 day moving average price is $125.36 and its two-hundred day moving average price is $79.76. Chipotle Mexican Grill, Inc. has a one year low of $35.37 and a one year high of $69.26. The firm has a market capitalization of $68.43 billion, a price-to-earnings ratio of 53.17, a PEG ratio of 2.00 and a beta of 1.24.

Chipotle Mexican Grill (NYSE:CMG) last posted its quarterly earnings data on Wednesday, July 24th. The restaurant operator reported $0.34 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.32 by $0.02. Chipotle Mexican Grill had a net margin of 13.23% and a return on equity of 44.01%. The company had revenue of $2.97 billion for the quarter, compared to the consensus estimate of $2.94 billion. During the same quarter in the previous year, the firm posted $12.65 EPS. The business’s revenue was up 18.2% compared to the same quarter last year. Research analysts predict that Chipotle Mexican Grill, Inc. will post 1.09 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the stock. Citigroup decreased their target price on shares of Chipotle Mexican Grill from $71.00 to $69.00 and set a “buy” rating for the company in a research note on Thursday. The Goldman Sachs Group reduced their price objective on shares of Chipotle Mexican Grill from $74.60 to $67.00 and set a “buy” rating for the company in a research note on Thursday. TD Cowen reduced their price objective on shares of Chipotle Mexican Grill from $72.00 to $65.00 and set a “buy” rating for the company in a research note on Thursday. Jefferies Financial Group lifted their price objective on shares of Chipotle Mexican Grill from $47.00 to $54.00 and gave the company a “hold” rating in a research note on Tuesday, April 16th. Finally, BTIG Research lifted their price objective on shares of Chipotle Mexican Grill from $65.00 to $67.00 and gave the company a “buy” rating in a research note on Thursday, April 25th. Eleven analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Chipotle Mexican Grill has an average rating of “Moderate Buy” and a consensus target price of $62.88.

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.