Thrivent Financial for Lutherans Decreases Position in Chipotle Mexican Grill, Inc. $CMG

Thrivent Financial for Lutherans decreased its position in Chipotle Mexican Grill, Inc. (NYSE:CMG) by 64.5% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 92,512 shares of the restaurant operator’s stock after selling 167,998 shares during the period. Thrivent Financial for Lutherans’ holdings in Chipotle Mexican Grill were worth $3,626,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in CMG. Operose Advisors LLC bought a new position in shares of Chipotle Mexican Grill during the 2nd quarter worth $25,000. Lavaca Capital LLC bought a new stake in shares of Chipotle Mexican Grill in the second quarter valued at approximately $28,000. Activest Wealth Management lifted its stake in shares of Chipotle Mexican Grill by 109.3% during the 2nd quarter. Activest Wealth Management now owns 517 shares of the restaurant operator’s stock valued at $29,000 after buying an additional 270 shares in the last quarter. Twin Peaks Wealth Advisors LLC bought a new position in Chipotle Mexican Grill in the 2nd quarter worth approximately $34,000. Finally, Evolution Wealth Management Inc. bought a new position in Chipotle Mexican Grill in the 2nd quarter worth approximately $34,000. 91.30% of the stock is currently owned by institutional investors.

Chipotle Mexican Grill Trading Up 2.5%

Chipotle Mexican Grill stock opened at $39.42 on Monday. The firm has a market cap of $51.34 billion, a P/E ratio of 34.58, a P/E/G ratio of 2.41 and a beta of 0.99. Chipotle Mexican Grill, Inc. has a 1-year low of $29.75 and a 1-year high of $59.09. The firm has a 50-day moving average of $37.79 and a 200-day moving average of $38.69.

Chipotle Mexican Grill (NYSE:CMG) last released its quarterly earnings results on Tuesday, February 3rd. The restaurant operator reported $0.25 EPS for the quarter, beating analysts’ consensus estimates of $0.24 by $0.01. Chipotle Mexican Grill had a return on equity of 47.99% and a net margin of 12.88%.The business had revenue of $2.98 billion during the quarter, compared to analyst estimates of $2.96 billion. During the same quarter in the prior year, the company posted $0.25 EPS. Chipotle Mexican Grill’s quarterly revenue was up 4.9% compared to the same quarter last year. Research analysts forecast that Chipotle Mexican Grill, Inc. will post 1.29 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the company. Raymond James Financial lifted their price target on Chipotle Mexican Grill from $40.00 to $45.00 and gave the company an “outperform” rating in a research report on Wednesday, January 21st. Zacks Research upgraded Chipotle Mexican Grill from a “strong sell” rating to a “hold” rating in a research report on Monday, December 29th. Gordon Haskett cut Chipotle Mexican Grill from a “strong-buy” rating to a “hold” rating in a report on Thursday, January 8th. Sanford C. Bernstein raised their price objective on Chipotle Mexican Grill from $40.00 to $50.00 and gave the company an “outperform” rating in a report on Monday, January 5th. Finally, Royal Bank Of Canada cut their price objective on shares of Chipotle Mexican Grill from $58.00 to $40.00 and set an “outperform” rating for the company in a research note on Thursday, October 30th. Twenty-two investment analysts have rated the stock with a Buy rating and twelve have issued a Hold rating to the stock. According to data from MarketBeat.com, Chipotle Mexican Grill has a consensus rating of “Moderate Buy” and an average price target of $47.24.

Chipotle Mexican Grill 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.