Chipotle Mexican Grill, Inc. $CMG Shares Sold by Arax Advisory Partners

Arax Advisory Partners trimmed its holdings in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) by 57.1% in the fourth quarter, Holdings Channel reports. The firm owned 38,554 shares of the restaurant operator’s stock after selling 51,308 shares during the period. Arax Advisory Partners’ holdings in Chipotle Mexican Grill were worth $1,427,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Financial Life Planners purchased a new position in shares of Chipotle Mexican Grill in the 3rd quarter valued at about $25,000. Wealth Watch Advisors INC acquired a new position in Chipotle Mexican Grill during the third quarter worth approximately $25,000. Winthrop Capital Management LLC acquired a new position in Chipotle Mexican Grill during the third quarter worth approximately $31,000. Ankerstar Wealth LLC acquired a new position in shares of Chipotle Mexican Grill in the fourth quarter valued at approximately $33,000. Finally, Itau Unibanco Holding S.A. acquired a new position in shares of Chipotle Mexican Grill in the fourth quarter valued at approximately $34,000. 91.30% of the stock is owned by institutional investors and hedge funds.

Chipotle Mexican Grill Stock Performance

Shares of CMG opened at $32.70 on Tuesday. The company has a market capitalization of $41.95 billion, a P/E ratio of 30.00, a P/E/G ratio of 2.07 and a beta of 0.99. Chipotle Mexican Grill, Inc. has a one year low of $28.03 and a one year high of $58.42. The stock has a 50-day moving average price of $32.74 and a 200 day moving average price of $35.21.

Chipotle Mexican Grill (NYSE:CMG) last released its earnings results on Wednesday, April 29th. The restaurant operator reported $0.24 EPS for the quarter, hitting analysts’ consensus estimates of $0.24. Chipotle Mexican Grill had a return on equity of 49.64% and a net margin of 11.96%.The company had revenue of $3.09 billion for the quarter, compared to the consensus estimate of $3.07 billion. During the same quarter last year, the business posted $0.29 EPS. Chipotle Mexican Grill’s quarterly revenue was up 7.4% compared to the same quarter last year. As a group, equities research analysts forecast that Chipotle Mexican Grill, Inc. will post 1.13 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on CMG. TD Cowen reissued a “buy” rating and issued a $44.00 target price on shares of Chipotle Mexican Grill in a report on Thursday, April 30th. Stephens boosted their target price on Chipotle Mexican Grill from $38.00 to $39.00 and gave the stock an “equal weight” rating in a research report on Thursday, April 30th. BNP Paribas Exane upped their price objective on Chipotle Mexican Grill from $37.00 to $39.00 and gave the company a “neutral” rating in a research report on Thursday, April 30th. Morgan Stanley set a $37.00 price objective on Chipotle Mexican Grill and gave the company an “equal weight” rating in a research report on Wednesday, June 3rd. Finally, Citigroup increased their target price on Chipotle Mexican Grill from $44.00 to $46.00 and gave the stock a “buy” rating in a research report on Thursday, April 30th. Twenty-four research analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $45.48.

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.