B. Riley Wealth Advisors Inc. Has $1.35 Million Holdings in Chipotle Mexican Grill, Inc. $CMG

B. Riley Wealth Advisors Inc. lessened its stake in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) by 67.9% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 34,525 shares of the restaurant operator’s stock after selling 73,142 shares during the quarter. B. Riley Wealth Advisors Inc.’s holdings in Chipotle Mexican Grill were worth $1,353,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in the stock. Revolve Wealth Partners LLC raised its position in shares of Chipotle Mexican Grill by 4.7% in the fourth quarter. Revolve Wealth Partners LLC now owns 4,804 shares of the restaurant operator’s stock valued at $290,000 after purchasing an additional 214 shares during the period. Bison Wealth LLC bought a new stake in shares of Chipotle Mexican Grill during the 4th quarter worth $224,000. Empowered Funds LLC grew its stake in Chipotle Mexican Grill by 5.5% in the 1st quarter. Empowered Funds LLC now owns 26,460 shares of the restaurant operator’s stock valued at $1,329,000 after buying an additional 1,368 shares during the last quarter. Patton Fund Management Inc. bought a new position in Chipotle Mexican Grill in the 2nd quarter worth $239,000. Finally, Signaturefd LLC raised its holdings in Chipotle Mexican Grill by 9.3% in the 2nd quarter. Signaturefd LLC now owns 24,286 shares of the restaurant operator’s stock worth $1,364,000 after acquiring an additional 2,058 shares during the period. 91.30% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on CMG. Mizuho upped their price target on shares of Chipotle Mexican Grill from $36.00 to $38.00 and gave the company a “neutral” rating in a report on Friday, January 9th. BTIG Research cut their price objective on 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. Raymond James Financial increased their target price on Chipotle Mexican Grill from $40.00 to $45.00 and gave the company an “outperform” rating in a research note on Wednesday, January 21st. Jefferies Financial Group lowered their target price on Chipotle Mexican Grill from $48.00 to $44.00 and set a “hold” rating on the stock in a report on Monday, October 13th. Finally, TD Cowen reiterated a “buy” rating on shares of Chipotle Mexican Grill in a report on Monday, January 5th. Two analysts have rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating and thirteen have given a Hold rating to the stock. According to MarketBeat.com, Chipotle Mexican Grill presently has an average rating of “Moderate Buy” and a consensus target price of $50.23.

Chipotle Mexican Grill Stock Down 2.8%

Chipotle Mexican Grill stock opened at $39.72 on Tuesday. The business has a 50 day moving average price of $36.57 and a two-hundred day moving average price of $39.62. Chipotle Mexican Grill, Inc. has a 12 month low of $29.75 and a 12 month high of $59.57. The stock has a market cap of $52.52 billion, a price-to-earnings ratio of 35.15, a price-to-earnings-growth ratio of 3.85 and a beta of 0.97.

Chipotle Mexican Grill (NYSE:CMG) last announced its quarterly earnings data on Wednesday, October 29th. The restaurant operator reported $0.29 earnings per share for the quarter, hitting the consensus estimate of $0.29. The company had revenue of $3 billion for the quarter, compared to analyst estimates of $3.06 billion. Chipotle Mexican Grill had a return on equity of 45.39% and a net margin of 13.04%.Chipotle Mexican Grill’s revenue for the quarter was up 7.5% compared to the same quarter last year. During the same quarter last year, the firm earned $0.27 EPS. On average, analysts expect that Chipotle Mexican Grill, Inc. will post 1.29 earnings per share for the current fiscal year.

Chipotle Mexican Grill Company Profile

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.