Chipotle Mexican Grill, Inc. $CMG Shares Sold by Janney Montgomery Scott LLC

Janney Montgomery Scott LLC decreased its holdings in Chipotle Mexican Grill, Inc. (NYSE:CMG) by 9.3% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 192,210 shares of the restaurant operator’s stock after selling 19,749 shares during the quarter. Janney Montgomery Scott LLC’s holdings in Chipotle Mexican Grill were worth $6,153,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the business. Revolve Wealth Partners LLC grew its stake 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 worth $290,000 after acquiring an additional 214 shares in the last quarter. Bison Wealth LLC acquired a new stake in shares of Chipotle Mexican Grill in the fourth quarter valued at $224,000. Empowered Funds LLC boosted its holdings in Chipotle Mexican Grill by 5.5% in the first quarter. Empowered Funds LLC now owns 26,460 shares of the restaurant operator’s stock valued at $1,329,000 after purchasing an additional 1,368 shares during the period. Osterweis Capital Management Inc. boosted its holdings in Chipotle Mexican Grill by 7,176.0% in the second quarter. Osterweis Capital Management Inc. now owns 1,819 shares of the restaurant operator’s stock valued at $102,000 after purchasing an additional 1,794 shares during the period. Finally, Ieq Capital LLC grew its stake in Chipotle Mexican Grill by 88.8% during the 2nd quarter. Ieq Capital LLC now owns 274,375 shares of the restaurant operator’s stock worth $15,406,000 after purchasing an additional 129,066 shares in the last quarter. Institutional investors and hedge funds own 91.30% of the company’s stock.

Chipotle Mexican Grill Stock Down 0.1%

Shares of Chipotle Mexican Grill stock opened at $35.37 on Friday. The firm has a market capitalization of $45.37 billion, a P/E ratio of 32.45, a P/E/G ratio of 2.29 and a beta of 0.97. Chipotle Mexican Grill, Inc. has a 52 week low of $28.03 and a 52 week high of $57.25. The firm’s 50 day moving average is $32.28 and its two-hundred day moving average is $35.08.

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

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on CMG shares. BTIG Research restated a “buy” rating and set a $45.00 price target on shares of Chipotle Mexican Grill in a report on Thursday, April 30th. Argus upgraded Chipotle Mexican Grill from a “hold” rating to a “buy” rating and set a $40.00 price objective for the company in a research note on Tuesday, May 5th. Stephens upped their target price on shares of Chipotle Mexican Grill from $38.00 to $39.00 and gave the stock an “equal weight” rating in a research note on Thursday, April 30th. JPMorgan Chase & Co. raised shares of Chipotle Mexican Grill from a “neutral” rating to an “overweight” rating and reduced their target price for the company from $38.00 to $35.00 in a report on Friday, June 5th. Finally, Guggenheim decreased their price target on shares of Chipotle Mexican Grill from $36.00 to $35.00 and set a “neutral” rating for the company in a research note on Friday, May 1st. Twenty-three analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the stock. Based on data from MarketBeat, Chipotle Mexican Grill has an average rating of “Moderate Buy” and an average price target of $45.10.

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.