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Franklin Resources cut Chipotle stock holdings, but the company still got a "Moderate Buy" rating.
Franklin Resources reduced its Chipotle Mexican Grill stock holdings by 1.6%, now owning 13.4 million shares.
Chipotle reported a $0.25 EPS, slightly beating analysts' estimates.
Despite Franklin's sale, other firms like Clearbridge Investments and Brown Brothers Harriman increased their holdings in Chipotle.
The company has a "Moderate Buy" rating and a $66.67 target price, with analysts expecting a 1.29 EPS for the year.
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Franklin Resources cortó las acciones de Chipotle, pero la compañía todavía tiene una calificación de "Compra Moderada".