Chipotle Mexican Grill, Inc. $CMG Shares Sold by Commonwealth Equity Services LLC

Commonwealth Equity Services LLC trimmed its holdings in shares of Chipotle Mexican Grill, Inc. (NYSE:CMGFree Report) by 5.1% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 581,324 shares of the restaurant operator’s stock after selling 31,462 shares during the period. Commonwealth Equity Services LLC’s holdings in Chipotle Mexican Grill were worth $22,782,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also made changes to their positions in the company. Operose Advisors LLC acquired a new stake in shares of Chipotle Mexican Grill during the 2nd quarter worth about $25,000. Salomon & Ludwin LLC acquired a new position in Chipotle Mexican Grill in the third quarter valued at approximately $26,000. 1248 Management LLC purchased a new position in Chipotle Mexican Grill in the first quarter valued at approximately $27,000. Signature Resources Capital Management LLC acquired a new stake in Chipotle Mexican Grill during the second quarter worth approximately $28,000. Finally, Lavaca Capital LLC acquired a new stake in Chipotle Mexican Grill during the second quarter worth approximately $28,000. 91.30% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

CMG has been the subject of several research analyst reports. Truist Financial upped their target price on shares of Chipotle Mexican Grill from $45.00 to $50.00 and gave the company a “buy” rating in a report on Thursday. BTIG Research reduced their price target on shares of Chipotle Mexican Grill from $57.00 to $45.00 and set a “buy” rating for the company in a research report on Thursday, October 30th. KeyCorp dropped their price objective on Chipotle Mexican Grill from $52.00 to $45.00 and set an “overweight” rating on the stock in a report on Thursday, October 30th. Wells Fargo & Company cut their target price on Chipotle Mexican Grill from $55.00 to $45.00 and set an “overweight” rating on the stock in a research report on Thursday, October 30th. Finally, Weiss Ratings reissued a “hold (c-)” rating on shares of Chipotle Mexican Grill in a report on Monday, December 29th. Two analysts have rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating and twelve have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $49.93.

Read Our Latest Report on Chipotle Mexican Grill

Chipotle Mexican Grill Stock Up 0.8%

CMG opened at $39.16 on Friday. Chipotle Mexican Grill, Inc. has a 52 week low of $29.75 and a 52 week high of $59.57. The business has a 50 day moving average price of $34.40 and a two-hundred day moving average price of $41.15. The company has a market cap of $51.78 billion, a PE ratio of 34.66, a P/E/G ratio of 3.79 and a beta of 0.97.

Chipotle Mexican Grill (NYSE:CMGGet Free Report) last released its earnings results on Wednesday, October 29th. The restaurant operator reported $0.29 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.29. Chipotle Mexican Grill had a return on equity of 45.39% and a net margin of 13.04%.The business had revenue of $3 billion for the quarter, compared to analyst estimates of $3.06 billion. During the same quarter in the previous year, the company posted $0.27 earnings per share. The company’s revenue for the quarter was up 7.5% compared to the same quarter last year. As a group, sell-side analysts expect that Chipotle Mexican Grill, Inc. will post 1.29 EPS for the current fiscal year.

Trending Headlines about Chipotle Mexican Grill

Here are the key news stories impacting Chipotle Mexican Grill this week:

Chipotle Mexican Grill Profile

(Free Report)

Chipotle Mexican Grill is a fast-casual restaurant company known for its Mexican-inspired menu of burritos, bowls, tacos and salads. Founded in 1993 by Steve Ells, the chain emphasizes fresh, customizable meals made from a limited menu of core ingredients and a focus on ingredient quality. Chipotle operates primarily company-owned restaurants and offers dine-in, takeout, catering and delivery through its own digital platforms and third-party partners.

The company is headquartered in Newport Beach, California, and traces its roots to Denver, Colorado.

Featured Articles

Want to see what other hedge funds are holding CMG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Chipotle Mexican Grill, Inc. (NYSE:CMGFree Report).

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

Receive News & Ratings for Chipotle Mexican Grill Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Chipotle Mexican Grill and related companies with MarketBeat.com's FREE daily email newsletter.