Savant Capital LLC Has $1.11 Million Stock Holdings in Chipotle Mexican Grill, Inc. $CMG

Savant Capital LLC decreased its position in Chipotle Mexican Grill, Inc. (NYSE:CMG) by 66.2% during the 3rd quarter, Holdings Channel reports. The firm owned 28,354 shares of the restaurant operator’s stock after selling 55,573 shares during the quarter. Savant Capital LLC’s holdings in Chipotle Mexican Grill were worth $1,111,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in the company. Operose Advisors LLC bought a new stake in Chipotle Mexican Grill during the second quarter worth about $25,000. Lavaca Capital LLC acquired a new position in shares of Chipotle Mexican Grill in the 2nd quarter worth approximately $28,000. Activest Wealth Management grew its position in Chipotle Mexican Grill by 109.3% during the 2nd quarter. Activest Wealth Management now owns 517 shares of the restaurant operator’s stock worth $29,000 after acquiring an additional 270 shares during the last quarter. Twin Peaks Wealth Advisors LLC acquired a new stake in Chipotle Mexican Grill during the 2nd quarter valued at $34,000. Finally, Evolution Wealth Management Inc. bought a new position in Chipotle Mexican Grill in the 2nd quarter valued at $34,000. 91.30% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several brokerages have recently commented on CMG. Citigroup increased their target price on Chipotle Mexican Grill from $48.00 to $49.00 and gave the stock a “buy” rating in a report on Wednesday, February 4th. Weiss Ratings reissued a “hold (c-)” rating on shares of Chipotle Mexican Grill in a report on Monday, December 29th. KeyCorp dropped their target price on shares of Chipotle Mexican Grill from $45.00 to $42.00 and set an “overweight” rating for the company in a research note on Wednesday, February 4th. Wells Fargo & Company reduced their target price on shares of Chipotle Mexican Grill from $50.00 to $45.00 and set an “overweight” rating on the stock in a research report on Wednesday, February 4th. Finally, Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a $48.00 price target on shares of Chipotle Mexican Grill in a report on Wednesday, February 4th. Twenty-two analysts have rated the stock with a Buy rating, eleven have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $47.24.

Chipotle Mexican Grill Stock Down 2.9%

Shares of CMG stock opened at $38.43 on Wednesday. The firm has a market capitalization of $50.05 billion, a price-to-earnings ratio of 33.71, a price-to-earnings-growth ratio of 2.42 and a beta of 0.99. The firm has a fifty day moving average of $37.98 and a 200-day moving average of $38.59. Chipotle Mexican Grill, Inc. has a 12-month low of $29.75 and a 12-month high of $58.42.

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