Virtu Financial LLC Lowers Holdings in Chipotle Mexican Grill, Inc. (CMG)

Virtu Financial LLC lowered its position in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) by 73.2% in the third quarter, according to the company in its most recent filing with the SEC. The firm owned 2,226 shares of the restaurant operator’s stock after selling 6,076 shares during the quarter. Virtu Financial LLC’s holdings in Chipotle Mexican Grill were worth $1,012,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of CMG. Gideon Capital Advisors Inc. lifted its holdings in shares of Chipotle Mexican Grill by 73.4% in the 3rd quarter. Gideon Capital Advisors Inc. now owns 1,313 shares of the restaurant operator’s stock valued at $597,000 after buying an additional 556 shares during the period. D.A. Davidson & CO. lifted its holdings in shares of Chipotle Mexican Grill by 4.8% in the 3rd quarter. D.A. Davidson & CO. now owns 24,589 shares of the restaurant operator’s stock valued at $11,176,000 after buying an additional 1,125 shares during the period. Korea Investment CORP lifted its holdings in shares of Chipotle Mexican Grill by 45.4% in the 3rd quarter. Korea Investment CORP now owns 391 shares of the restaurant operator’s stock valued at $178,000 after buying an additional 122 shares during the period. Canada Pension Plan Investment Board lifted its holdings in shares of Chipotle Mexican Grill by 3,566.7% in the 3rd quarter. Canada Pension Plan Investment Board now owns 8,910 shares of the restaurant operator’s stock valued at $4,050,000 after buying an additional 8,667 shares during the period. Finally, Trexquant Investment LP acquired a new position in Chipotle Mexican Grill in the 3rd quarter worth about $4,431,000. 91.40% of the stock is owned by institutional investors.

NYSE:CMG opened at $473.21 on Monday. Chipotle Mexican Grill, Inc. has a 12 month low of $247.51 and a 12 month high of $530.68. The company has a market cap of $13.15 billion, a price-to-earnings ratio of 71.70, a PEG ratio of 3.13 and a beta of 0.23.

Chipotle Mexican Grill (NYSE:CMG) last posted its quarterly earnings results on Thursday, October 25th. The restaurant operator reported $2.16 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.00 by $0.16. The business had revenue of $1.23 billion during the quarter, compared to analyst estimates of $1.23 billion. Chipotle Mexican Grill had a return on equity of 17.14% and a net margin of 3.96%. As a group, equities analysts anticipate that Chipotle Mexican Grill, Inc. will post 8.47 earnings per share for the current year.

A number of equities analysts recently weighed in on CMG shares. Citigroup upped their price target on Chipotle Mexican Grill from $506.00 to $573.00 and gave the stock a “buy” rating in a report on Wednesday, August 15th. KeyCorp started coverage on Chipotle Mexican Grill in a report on Wednesday, October 3rd. They issued an “overweight” rating and a $500.00 price target for the company. Oppenheimer cut Chipotle Mexican Grill from a “market perform” rating to an “underperform” rating and set a $400.00 price target for the company. in a report on Monday, October 1st. They noted that the move was a valuation call. UBS Group cut Chipotle Mexican Grill from a “market perform” rating to an “underperform” rating in a report on Monday, October 1st. Finally, Wedbush cut Chipotle Mexican Grill from a “neutral” rating to an “underperform” rating and reduced their price target for the stock from $450.00 to $445.00 in a report on Monday, August 27th. Nine equities research analysts have rated the stock with a sell rating, sixteen have issued a hold rating and fourteen have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $431.72.

In other news, Director Pershing Square Capital Manage sold 118,307 shares of the company’s stock in a transaction that occurred on Tuesday, November 6th. The stock was sold at an average price of $472.05, for a total value of $55,846,819.35. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 2.19% of the stock is owned by corporate insiders.

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Chipotle Mexican Grill Profile

Chipotle Mexican Grill, Inc, together with its subsidiaries, operates Chipotle Mexican Grill restaurants. As of September 30, 2018, it operated 2,424 Chipotle restaurants in the United States, as well as 37 international Chipotle restaurants. The company was founded in 1993 and is headquartered in Newport Beach, California.

Further Reading: Cost of Capital

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Institutional Ownership by Quarter for Chipotle Mexican Grill (NYSE:CMG)

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