The Trillium Asset Management LLC Sold shares of Chipotle Mexican Grill Inc. (CMG)

The Trillium Asset Management LLC Sold shares of Chipotle Mexican Grill Inc. (CMG)

Trillium Asset Management LLC reduced its stake in Chipotle Mexican Grill Inc. (NYSE:CMG) by 2.8% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 4,943 shares of the company’s stock after selling 142 shares during the period. Trillium Asset Management LLC’s holdings in Chipotle Mexican Grill were worth $1,991,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the company. Miles Capital Inc. acquired a new position in shares of Chipotle Mexican Grill during the first quarter valued at $426,000. Mirae Asset Global Investments Co. Ltd. raised its position in shares of Chipotle Mexican Grill by 859.2% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 36,228 shares of the company’s stock valued at $17,063,000 after buying an additional 32,451 shares during the last quarter. BB&T Securities LLC raised its position in shares of Chipotle Mexican Grill by 16.0% in the first quarter. BB&T Securities LLC now owns 1,052 shares of the company’s stock valued at $495,000 after buying an additional 145 shares during the last quarter. Bernicke & Associates LTD raised its position in shares of Chipotle Mexican Grill by 8.5% in the first quarter. Bernicke & Associates LTD now owns 1,346 shares of the company’s stock valued at $634,000 after buying an additional 105 shares during the last quarter. Finally, Alpine Partners VI LLC acquired a new position in shares of Chipotle Mexican Grill during the first quarter valued at $7,242,000. Institutional investors own 96.66% of the company’s stock.

Shares of Chipotle Mexican Grill Inc. (NYSE:CMG) traded up 1.28% during mid-day trading on Friday, hitting $429.91. 980,473 shares of the stock traded hands. The stock has a 50-day moving average of $416.14 and a 200-day moving average of $425.45. Chipotle Mexican Grill Inc. has a 52 week low of $384.77 and a 52 week high of $757.00. The company has a market cap of $12.52 billion, a price-to-earnings ratio of 61.94 and a beta of 0.60.

Chipotle Mexican Grill (NYSE:CMG) last released its earnings results on Thursday, July 21st. The company reported $0.87 EPS for the quarter, missing the consensus estimate of $0.93 by $0.06. Chipotle Mexican Grill had a net margin of 5.24% and a return on equity of 11.22%. The business had revenue of $998.40 million for the quarter, compared to analyst estimates of $1.06 billion. Analysts anticipate that Chipotle Mexican Grill Inc. will post $0.24 EPS for the current year.

A number of research analysts have commented on CMG shares. Vetr upgraded Chipotle Mexican Grill from a “buy” rating to a “strong-buy” rating and set a $446.39 price target on the stock in a research note on Tuesday, August 9th. Goldman Sachs Group Inc. restated a “neutral” rating and set a $490.00 price target (down from $500.00) on shares of Chipotle Mexican Grill in a research note on Thursday, June 23rd. Morgan Stanley restated a “hold” rating and set a $405.00 price target on shares of Chipotle Mexican Grill in a research note on Thursday, August 18th. BTIG Research restated a “neutral” rating on shares of Chipotle Mexican Grill in a research note on Sunday, July 24th. Finally, Credit Suisse Group AG restated a “buy” rating and set a $500.00 price target on shares of Chipotle Mexican Grill in a research note on Tuesday, June 21st. Seven equities research analysts have rated the stock with a sell rating, twenty have assigned a hold rating and fourteen have given a buy rating to the stock. Chipotle Mexican Grill presently has a consensus rating of “Hold” and an average target price of $479.94.

About Chipotle Mexican Grill

Chipotle Mexican Grill, Inc, 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. The Company operates approximately 1,970 Chipotle restaurants throughout the United States, over 10 in Canada, seven in England, four in France and one in Germany.

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