Prospera Financial Services Inc Decreases Stock Holdings in Chipotle Mexican Grill, Inc. $CMG

Prospera Financial Services Inc decreased its holdings in Chipotle Mexican Grill, Inc. (NYSE:CMGFree Report) by 66.2% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 13,596 shares of the restaurant operator’s stock after selling 26,670 shares during the quarter. Prospera Financial Services Inc’s holdings in Chipotle Mexican Grill were worth $503,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of CMG. Financial Life Planners purchased a new position in Chipotle Mexican Grill in the 3rd quarter worth about $25,000. Wealth Watch Advisors INC purchased a new position in Chipotle Mexican Grill in the 3rd quarter worth about $25,000. Murphy & Mullick Capital Management Corp raised its position in Chipotle Mexican Grill by 106.7% in the 3rd quarter. Murphy & Mullick Capital Management Corp now owns 775 shares of the restaurant operator’s stock worth $30,000 after buying an additional 400 shares during the last quarter. Winthrop Capital Management LLC purchased a new position in Chipotle Mexican Grill in the 3rd quarter worth about $31,000. Finally, Ameriflex Group Inc. raised its position in Chipotle Mexican Grill by 109.4% in the 3rd quarter. Ameriflex Group Inc. now owns 890 shares of the restaurant operator’s stock worth $35,000 after buying an additional 465 shares during the last quarter. Hedge funds and other institutional investors own 91.30% of the company’s stock.

Key Stories Impacting Chipotle Mexican Grill

Here are the key news stories impacting Chipotle Mexican Grill this week:

Analyst Ratings Changes

A number of equities research analysts have issued reports on the company. Raymond James Financial cut their price target on Chipotle Mexican Grill from $43.00 to $41.00 and set an “outperform” rating for the company in a research note on Tuesday, April 21st. Morgan Stanley cut their price target on Chipotle Mexican Grill from $50.00 to $49.00 and set an “overweight” rating for the company in a research note on Wednesday, February 4th. Wells Fargo & Company cut their price target on Chipotle Mexican Grill from $50.00 to $45.00 and set an “overweight” rating for the company in a research note on Wednesday, February 4th. Piper Sandler cut their price target on Chipotle Mexican Grill from $44.00 to $42.00 and set an “overweight” rating for the company in a research note on Thursday, April 30th. Finally, Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a $48.00 price target on shares of Chipotle Mexican Grill in a research note on Wednesday, February 4th. Twenty-four investment analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, Chipotle Mexican Grill presently has a consensus rating of “Moderate Buy” and a consensus target price of $46.03.

Get Our Latest Stock Analysis on CMG

Chipotle Mexican Grill Trading Down 1.6%

Shares of NYSE:CMG opened at $31.90 on Friday. The stock has a 50 day moving average of $33.24 and a 200 day moving average of $35.26. The company has a market cap of $40.92 billion, a PE ratio of 29.27, a price-to-earnings-growth ratio of 2.05 and a beta of 1.03. Chipotle Mexican Grill, Inc. has a 12-month low of $29.75 and a 12-month high of $58.42.

Chipotle Mexican Grill (NYSE:CMGGet Free Report) last announced its quarterly earnings data on Wednesday, April 29th. The restaurant operator reported $0.24 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.24. The company had revenue of $3.09 billion during the quarter, compared to the consensus estimate of $3.07 billion. Chipotle Mexican Grill had a return on equity of 49.64% and a net margin of 11.96%.The firm’s revenue was up 7.4% on a year-over-year basis. During the same period in the previous year, the company posted $0.29 EPS. Equities research analysts predict that Chipotle Mexican Grill, Inc. will post 1.13 earnings per share for the current fiscal year.

Chipotle Mexican Grill Profile

(Free Report)

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.

See Also

Institutional Ownership by Quarter for Chipotle Mexican Grill (NYSE:CMG)

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