Traders Sell Shares of Chipotle Mexican Grill (CMG) on Strength (CMG)

Investors sold shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) on strength during trading hours on Wednesday. $85.24 million flowed into the stock on the tick-up and $103.55 million flowed out of the stock on the tick-down, for a money net flow of $18.31 million out of the stock. Of all stocks tracked, Chipotle Mexican Grill had the 29th highest net out-flow for the day. Chipotle Mexican Grill traded up $2.43 for the day and closed at $321.80

Several research analysts recently weighed in on the stock. ValuEngine downgraded shares of Chipotle Mexican Grill from a “hold” rating to a “sell” rating in a research note on Sunday, December 31st. Canaccord Genuity reissued a “hold” rating and issued a $325.00 target price on shares of Chipotle Mexican Grill in a research note on Wednesday, November 29th. Credit Suisse Group reissued a “neutral” rating and issued a $263.00 target price (down previously from $301.99) on shares of Chipotle Mexican Grill in a research note on Thursday, November 30th. Wedbush reissued a “hold” rating and issued a $290.00 target price on shares of Chipotle Mexican Grill in a research note on Wednesday, November 29th. Finally, William Blair downgraded shares of Chipotle Mexican Grill from an “outperform” rating to a “market perform” rating in a research note on Wednesday, November 29th. Six investment analysts have rated the stock with a sell rating, twenty-four have issued a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Chipotle Mexican Grill currently has a consensus rating of “Hold” and a consensus price target of $357.00.

The firm has a market capitalization of $9,090.00, a P/E ratio of 62.36, a P/E/G ratio of 1.92 and a beta of 0.50.

Chipotle Mexican Grill (NYSE:CMG) last posted its earnings results on Tuesday, October 24th. The restaurant operator reported $1.33 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $2.24 by ($0.91). The business had revenue of $1.13 billion for the quarter, compared to analyst estimates of $1.14 billion. Chipotle Mexican Grill had a return on equity of 11.80% and a net margin of 3.37%. The firm’s revenue for the quarter was up 8.8% compared to the same quarter last year. During the same period last year, the company posted $0.56 EPS. sell-side analysts expect that Chipotle Mexican Grill, Inc. will post 6.58 EPS for the current fiscal year.

A number of institutional investors and hedge funds have recently bought and sold shares of CMG. Schwab Charles Investment Management Inc. increased its position in Chipotle Mexican Grill by 2.0% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 90,138 shares of the restaurant operator’s stock worth $37,507,000 after purchasing an additional 1,749 shares in the last quarter. Federated Investors Inc. PA increased its position in Chipotle Mexican Grill by 3,344.6% during the 2nd quarter. Federated Investors Inc. PA now owns 2,549 shares of the restaurant operator’s stock worth $1,061,000 after purchasing an additional 2,475 shares in the last quarter. Pacer Advisors Inc. increased its position in Chipotle Mexican Grill by 6.2% during the 2nd quarter. Pacer Advisors Inc. now owns 498 shares of the restaurant operator’s stock worth $207,000 after purchasing an additional 29 shares in the last quarter. Chicago Equity Partners LLC acquired a new stake in Chipotle Mexican Grill during the 2nd quarter worth approximately $345,000. Finally, Tredje AP fonden increased its position in Chipotle Mexican Grill by 12.8% during the 2nd quarter. Tredje AP fonden now owns 4,045 shares of the restaurant operator’s stock worth $1,683,000 after purchasing an additional 460 shares in the last quarter. 88.43% of the stock is owned by hedge funds and other institutional investors.

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Chipotle Mexican Grill Company Profile

Chipotle Mexican Grill, Inc (Chipotle), together with its subsidiaries, operates Chipotle Mexican Grill restaurants. The Company’s Chipotle Mexican Grill restaurants serve a menu of burritos, tacos, burrito bowls (a burrito without the tortilla) and salads. As of December 31, 2016, the Company managed its operations and restaurants based on 11 regions.

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