DSM Capital Partners LLC Sells 31,103 Shares of Chipotle Mexican Grill, Inc. (NYSE:CMG)

DSM Capital Partners LLC trimmed its holdings in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) by 96.3% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,200 shares of the restaurant operator’s stock after selling 31,103 shares during the period. DSM Capital Partners LLC’s holdings in Chipotle Mexican Grill were worth $75,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of CMG. Swedbank AB acquired a new position in Chipotle Mexican Grill during the first quarter valued at approximately $53,979,000. Transform Wealth LLC grew its stake in shares of Chipotle Mexican Grill by 4,760.7% in the second quarter. Transform Wealth LLC now owns 9,527 shares of the restaurant operator’s stock valued at $597,000 after buying an additional 9,331 shares in the last quarter. First Hawaiian Bank increased its holdings in Chipotle Mexican Grill by 4,731.0% during the second quarter. First Hawaiian Bank now owns 17,150 shares of the restaurant operator’s stock worth $1,074,000 after buying an additional 16,795 shares during the last quarter. Valeo Financial Advisors LLC raised its position in Chipotle Mexican Grill by 4,747.7% during the second quarter. Valeo Financial Advisors LLC now owns 20,409 shares of the restaurant operator’s stock worth $1,279,000 after acquiring an additional 19,988 shares in the last quarter. Finally, MJP Associates Inc. ADV lifted its stake in Chipotle Mexican Grill by 5,588.0% in the second quarter. MJP Associates Inc. ADV now owns 12,798 shares of the restaurant operator’s stock valued at $802,000 after acquiring an additional 12,573 shares during the last quarter. Institutional investors own 91.31% of the company’s stock.

Insider Activity

In related news, Director Robin S. Hickenlooper sold 1,790 shares of the company’s stock in a transaction that occurred on Thursday, September 12th. The shares were sold at an average price of $56.38, for a total transaction of $100,920.20. Following the completion of the transaction, the director now directly owns 41,510 shares in the company, valued at approximately $2,340,333.80. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In other Chipotle Mexican Grill news, insider Curtis E. Garner sold 17,394 shares of the stock in a transaction dated Tuesday, August 6th. The stock was sold at an average price of $54.68, for a total value of $951,103.92. Following the completion of the transaction, the insider now directly owns 358,300 shares in the company, valued at $19,591,844. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Robin S. Hickenlooper sold 1,790 shares of the business’s stock in a transaction dated Thursday, September 12th. The stock was sold at an average price of $56.38, for a total value of $100,920.20. Following the sale, the director now owns 41,510 shares in the company, valued at $2,340,333.80. The disclosure for this sale can be found here. In the last three months, insiders have sold 34,934 shares of company stock worth $1,918,589. Corporate insiders own 1.02% of the company’s stock.

Chipotle Mexican Grill Price Performance

NYSE CMG opened at $58.40 on Thursday. Chipotle Mexican Grill, Inc. has a fifty-two week low of $35.37 and a fifty-two week high of $69.26. The business has a fifty day moving average price of $54.30 and a two-hundred day moving average price of $81.28. The stock has a market capitalization of $79.97 billion, a PE ratio of 62.31, a PEG ratio of 2.43 and a beta of 1.25.

Chipotle Mexican Grill (NYSE:CMG) last released its quarterly earnings data on Wednesday, July 24th. The restaurant operator reported $0.34 earnings per share for the quarter, beating the consensus estimate of $0.32 by $0.02. The business had revenue of $2.97 billion for the quarter, compared to analyst estimates of $2.94 billion. Chipotle Mexican Grill had a return on equity of 44.01% and a net margin of 13.23%. Chipotle Mexican Grill’s revenue was up 18.2% compared to the same quarter last year. During the same period last year, the firm posted $12.65 earnings per share. As a group, sell-side analysts expect that Chipotle Mexican Grill, Inc. will post 1.08 earnings per share for the current year.

Analysts Set New Price Targets

CMG has been the topic of a number of research analyst reports. Robert W. Baird dropped their target price on shares of Chipotle Mexican Grill from $74.00 to $62.00 and set an “outperform” rating on the stock in a report on Wednesday, August 14th. Guggenheim lifted their price objective on shares of Chipotle Mexican Grill from $54.50 to $55.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 24th. The Goldman Sachs Group decreased their price target on shares of Chipotle Mexican Grill from $74.60 to $67.00 and set a “buy” rating on the stock in a research note on Thursday, July 25th. Barclays cut their price objective on shares of Chipotle Mexican Grill from $58.00 to $55.00 and set an “equal weight” rating for the company in a research report on Thursday, July 25th. Finally, Loop Capital decreased their target price on Chipotle Mexican Grill from $58.00 to $53.00 and set a “hold” rating on the stock in a research report on Thursday, July 25th. Ten research analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $62.36.

Chipotle Mexican Grill Company 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.