Chipotle Mexican Grill, Inc. (NYSE:CMG) Stock Position Decreased by Alkeon Capital Management LLC

Alkeon Capital Management LLC trimmed its stake in Chipotle Mexican Grill, Inc. (NYSE:CMG) by 65.2% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 1,001,250 shares of the restaurant operator’s stock after selling 1,875,000 shares during the quarter. Alkeon Capital Management LLC owned approximately 0.07% of Chipotle Mexican Grill worth $57,692,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Cetera Investment Advisers lifted its stake in Chipotle Mexican Grill by 155.1% during the first quarter. Cetera Investment Advisers now owns 4,585 shares of the restaurant operator’s stock valued at $13,328,000 after buying an additional 2,788 shares in the last quarter. Cetera Advisors LLC lifted its position in shares of Chipotle Mexican Grill by 166.4% in the 1st quarter. Cetera Advisors LLC now owns 1,055 shares of the restaurant operator’s stock valued at $3,067,000 after acquiring an additional 659 shares in the last quarter. DekaBank Deutsche Girozentrale boosted its stake in Chipotle Mexican Grill by 6.1% in the 1st quarter. DekaBank Deutsche Girozentrale now owns 8,082 shares of the restaurant operator’s stock worth $23,864,000 after purchasing an additional 464 shares during the period. Westwood Holdings Group Inc. grew its position in 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 worth $39,212,000 after purchasing an additional 149 shares in the last quarter. Finally, Railway Pension Investments Ltd purchased a new position in Chipotle Mexican Grill during the 1st quarter worth approximately $1,163,000. 91.31% of the stock is owned by institutional investors and hedge funds.

Chipotle Mexican Grill Trading Down 1.1 %

NYSE:CMG opened at $62.05 on Friday. The firm has a market capitalization of $84.55 billion, a PE ratio of 57.99, a PEG ratio of 2.49 and a beta of 1.26. Chipotle Mexican Grill, Inc. has a 1 year low of $43.66 and a 1 year high of $69.26. The firm’s fifty day simple moving average is $58.81 and its 200 day simple moving average is $80.88.

Chipotle Mexican Grill (NYSE:CMG) last posted its quarterly earnings data on Tuesday, October 29th. The restaurant operator reported $0.27 EPS for the quarter, topping analysts’ consensus estimates of $0.25 by $0.02. Chipotle Mexican Grill had a return on equity of 43.20% and a net margin of 13.51%. The business had revenue of $2.79 billion for the quarter, compared to analyst estimates of $2.82 billion. During the same period in the previous year, the company posted $0.23 earnings per share. The firm’s revenue for the quarter was up 13.0% on a year-over-year basis. As a group, analysts anticipate that Chipotle Mexican Grill, Inc. will post 1.11 EPS for the current fiscal year.

Insider Transactions at Chipotle Mexican Grill

In other news, Director Robin S. Hickenlooper sold 1,790 shares of the business’s stock in a transaction dated Thursday, September 12th. The shares were sold at an average price of $56.38, for a total transaction of $100,920.20. Following the transaction, the director now owns 41,510 shares in the company, valued at approximately $2,340,333.80. The trade was a 4.13 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Curtis E. Garner sold 15,750 shares of the stock in a transaction dated Wednesday, September 11th. The shares were sold at an average price of $55.02, for a total transaction of $866,565.00. Following the completion of the sale, the insider now owns 473,514 shares of the company’s stock, valued at approximately $26,052,740.28. The trade was a 3.22 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 33,290 shares of company stock worth $1,866,023 over the last three months. 1.02% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several analysts have recently commented on CMG shares. Oppenheimer reaffirmed an “outperform” rating and issued a $65.00 target price on shares of Chipotle Mexican Grill in a research report on Monday, September 30th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a $67.00 target price on shares of Chipotle Mexican Grill in a research note on Wednesday, August 14th. Stephens reissued an “equal weight” rating and issued a $65.00 price target on shares of Chipotle Mexican Grill in a research report on Tuesday, November 12th. TD Cowen boosted their price objective on shares of Chipotle Mexican Grill from $65.00 to $68.00 and gave the company a “buy” rating in a research report on Wednesday, October 30th. Finally, BMO Capital Markets upped their price objective on shares of Chipotle Mexican Grill from $55.00 to $56.00 and gave the company a “market perform” rating in a research note on Wednesday, October 30th. Ten research analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $65.27.

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.