HB Wealth Management LLC Sells 6,062 Shares of Chipotle Mexican Grill, Inc. $CMG

HB Wealth Management LLC trimmed its position in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) by 11.8% during the 2nd quarter, HoldingsChannel reports. The fund owned 45,239 shares of the restaurant operator’s stock after selling 6,062 shares during the quarter. HB Wealth Management LLC’s holdings in Chipotle Mexican Grill were worth $2,540,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently modified their holdings of the company. Charles Schwab Investment Management Inc. grew its stake in shares of Chipotle Mexican Grill by 5.8% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 8,979,637 shares of the restaurant operator’s stock valued at $450,868,000 after purchasing an additional 491,002 shares during the period. Corient IA LLC bought a new stake in shares of Chipotle Mexican Grill in the 1st quarter valued at approximately $753,000. Advisors Asset Management Inc. grew its stake in shares of Chipotle Mexican Grill by 32.4% in the 1st quarter. Advisors Asset Management Inc. now owns 75,368 shares of the restaurant operator’s stock valued at $3,784,000 after purchasing an additional 18,458 shares during the period. Banco Santander S.A. grew its stake in shares of Chipotle Mexican Grill by 47.6% in the 1st quarter. Banco Santander S.A. now owns 31,764 shares of the restaurant operator’s stock valued at $1,595,000 after purchasing an additional 10,246 shares during the period. Finally, Community Trust & Investment Co. bought a new stake in shares of Chipotle Mexican Grill in the 1st quarter valued at approximately $7,773,000. 91.30% of the stock is currently owned by institutional investors.

Chipotle Mexican Grill Stock Performance

NYSE:CMG opened at $38.96 on Thursday. The stock’s fifty day moving average price is $41.68 and its two-hundred day moving average price is $48.04. Chipotle Mexican Grill, Inc. has a 52-week low of $38.30 and a 52-week high of $66.74. The company has a market cap of $52.23 billion, a price-to-earnings ratio of 34.78, a P/E/G ratio of 2.00 and a beta of 0.99.

Chipotle Mexican Grill (NYSE:CMG) last posted its quarterly earnings data on Wednesday, July 23rd. The restaurant operator reported $0.33 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.32 by $0.01. Chipotle Mexican Grill had a return on equity of 43.50% and a net margin of 13.32%.The firm had revenue of $3.06 billion for the quarter, compared to the consensus estimate of $3.11 billion. During the same quarter in the prior year, the business earned $0.34 EPS. The business’s revenue for the quarter was up 3.0% compared to the same quarter last year. On average, equities analysts predict that Chipotle Mexican Grill, Inc. will post 1.29 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on CMG shares. Stifel Nicolaus lowered their price objective on Chipotle Mexican Grill from $65.00 to $60.00 and set a “buy” rating on the stock in a research note on Tuesday, September 9th. Redburn Atlantic began coverage on Chipotle Mexican Grill in a research report on Tuesday, June 10th. They set a “neutral” rating and a $55.00 price target on the stock. Robert W. Baird decreased their price target on Chipotle Mexican Grill from $62.00 to $59.00 and set an “outperform” rating on the stock in a research report on Thursday, July 24th. UBS Group increased their price target on Chipotle Mexican Grill from $60.00 to $65.00 and gave the stock a “buy” rating in a research report on Thursday, July 17th. Finally, KeyCorp decreased their price target on Chipotle Mexican Grill from $60.00 to $58.00 and set an “overweight” rating on the stock in a research report on Thursday, July 24th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-one have given a Buy rating and eight have assigned a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $59.76.

Chipotle Mexican Grill Company Profile

Chipotle Mexican Grill, Inc, together with its subsidiaries, owns and operates Chipotle Mexican Grill restaurants. It sells food and beverages through offering burritos, burrito bowls, quesadillas, tacos, and salads. The company also provides delivery and related services its app and website. It has operations in the United States, Canada, France, Germany, and the United Kingdom.