KMG Fiduciary Partners LLC Trims Stock Holdings in Chipotle Mexican Grill, Inc. $CMG

KMG Fiduciary Partners LLC lowered its stake in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) by 39.7% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 40,820 shares of the restaurant operator’s stock after selling 26,903 shares during the quarter. KMG Fiduciary Partners LLC’s holdings in Chipotle Mexican Grill were worth $1,388,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also bought and sold shares of the company. Wealthcare Advisory Partners LLC lifted its holdings in Chipotle Mexican Grill by 7.3% during the 2nd quarter. Wealthcare Advisory Partners LLC now owns 9,921 shares of the restaurant operator’s stock worth $337,000 after buying an additional 671 shares during the last quarter. Allied Private Wealth LLC bought a new stake in shares of Chipotle Mexican Grill in the 2nd quarter valued at approximately $44,000. Everhart Financial Group Inc. raised its position in shares of Chipotle Mexican Grill by 10.3% during the 2nd quarter. Everhart Financial Group Inc. now owns 14,011 shares of the restaurant operator’s stock valued at $476,000 after acquiring an additional 1,306 shares in the last quarter. Jacobs & Co. CA raised its position in shares of Chipotle Mexican Grill by 8.5% during the 2nd quarter. Jacobs & Co. CA now owns 273,055 shares of the restaurant operator’s stock valued at $9,283,000 after acquiring an additional 21,406 shares in the last quarter. Finally, Gradient Investments LLC lifted its stake in Chipotle Mexican Grill by 4.4% during the second quarter. Gradient Investments LLC now owns 35,349 shares of the restaurant operator’s stock worth $1,202,000 after purchasing an additional 1,483 shares during the last quarter. 91.30% of the stock is currently owned by institutional investors and hedge funds.

Chipotle Mexican Grill Stock Performance

CMG opened at $32.15 on Tuesday. The company has a market capitalization of $40.68 billion, a PE ratio of 29.50, a P/E/G ratio of 2.09 and a beta of 0.94. The stock’s fifty day moving average is $33.09 and its 200-day moving average is $34.33. Chipotle Mexican Grill, Inc. has a one year low of $28.03 and a one year high of $44.27.

Chipotle Mexican Grill (NYSE:CMG) last released its earnings results on Wednesday, July 29th. The restaurant operator reported $0.33 EPS for the quarter, topping analysts’ consensus estimates of $0.32 by $0.01. The business had revenue of $3.35 billion for the quarter, compared to the consensus estimate of $3.33 billion. Chipotle Mexican Grill had a net margin of 11.43% and a return on equity of 54.65%. The business’s revenue for the quarter was up 9.3% on a year-over-year basis. During the same period in the previous year, the firm earned $0.33 EPS. On average, equities research analysts forecast that Chipotle Mexican Grill, Inc. will post 1.14 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts have recently commented on the stock. Evercore reaffirmed an “outperform” rating and issued a $47.00 price target on shares of Chipotle Mexican Grill in a report on Thursday, July 30th. Piper Sandler decreased their target price on Chipotle Mexican Grill from $42.00 to $39.00 and set an “overweight” rating for the company in a research note on Thursday, July 30th. TD Cowen reaffirmed a “buy” rating and set a $44.00 target price on shares of Chipotle Mexican Grill in a report on Thursday, July 30th. BTIG Research reissued a “buy” rating and issued a $45.00 price target on shares of Chipotle Mexican Grill in a report on Wednesday, August 5th. Finally, Guggenheim restated a “neutral” rating and set a $36.00 price objective (up from $35.00) on shares of Chipotle Mexican Grill in a research note on Friday, July 31st. Twenty-four research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $44.16.

About Chipotle Mexican Grill

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.