Exchange Traded Concepts LLC Has $620,000 Holdings in Chipotle Mexican Grill, Inc. $CMG

Exchange Traded Concepts LLC lessened its position in Chipotle Mexican Grill, Inc. (NYSE:CMG) by 67.0% in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 16,765 shares of the restaurant operator’s stock after selling 34,024 shares during the quarter. Exchange Traded Concepts LLC’s holdings in Chipotle Mexican Grill were worth $620,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Operose Advisors LLC purchased a new position in Chipotle Mexican Grill during the 2nd quarter worth approximately $25,000. Financial Life Planners purchased a new stake in shares of Chipotle Mexican Grill in the third quarter valued at $25,000. Wealth Watch Advisors INC acquired a new stake in shares of Chipotle Mexican Grill in the third quarter worth $25,000. Salomon & Ludwin LLC acquired a new stake in shares of Chipotle Mexican Grill in the third quarter worth $26,000. Finally, Lavaca Capital LLC purchased a new position in shares of Chipotle Mexican Grill during the second quarter valued at $28,000. Institutional investors and hedge funds own 91.30% of the company’s stock.

Chipotle Mexican Grill Price Performance

Shares of NYSE CMG opened at $33.16 on Friday. Chipotle Mexican Grill, Inc. has a one year low of $29.75 and a one year high of $58.42. The business’s 50-day moving average price is $35.92 and its two-hundred day moving average price is $36.72. The company has a market capitalization of $43.19 billion, a P/E ratio of 29.09, a price-to-earnings-growth ratio of 2.03 and a beta of 1.06.

Chipotle Mexican Grill (NYSE:CMG) last posted its quarterly earnings results on Tuesday, February 3rd. The restaurant operator reported $0.25 earnings per share for the quarter, topping analysts’ consensus estimates of $0.24 by $0.01. The company had revenue of $2.98 billion during the quarter, compared to the consensus estimate of $2.96 billion. Chipotle Mexican Grill had a return on equity of 47.99% and a net margin of 12.88%.The business’s quarterly revenue was up 4.9% on a year-over-year basis. During the same period last year, the business earned $0.25 EPS. On average, equities analysts anticipate that Chipotle Mexican Grill, Inc. will post 1.29 EPS for the current year.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the company. Barclays dropped their price target on Chipotle Mexican Grill from $44.00 to $40.00 and set an “equal weight” rating on the stock in a research report on Wednesday, February 4th. Truist Financial lifted their target price on Chipotle Mexican Grill from $45.00 to $50.00 and gave the company a “buy” rating in a research note on Thursday, January 8th. Evercore reiterated an “outperform” rating and issued a $45.00 target price on shares of Chipotle Mexican Grill in a report on Friday, December 19th. DA Davidson began coverage on shares of Chipotle Mexican Grill in a report on Friday, March 6th. They set a “buy” rating and a $51.00 price target for the company. Finally, KeyCorp lowered their price objective on shares of Chipotle Mexican Grill from $45.00 to $42.00 and set an “overweight” rating on the stock in a research report on Wednesday, February 4th. Twenty-four equities research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $47.13.

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.