Apollon Wealth Management LLC Sells 670 Shares of Chipotle Mexican Grill, Inc. $CMG

Apollon Wealth Management LLC lessened its holdings in Chipotle Mexican Grill, Inc. (NYSE:CMG) by 1.4% during the 2nd quarter, HoldingsChannel.com reports. The fund owned 48,912 shares of the restaurant operator’s stock after selling 670 shares during the period. Apollon Wealth Management LLC’s holdings in Chipotle Mexican Grill were worth $2,746,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of CMG. Nuveen LLC bought a new position in Chipotle Mexican Grill in the 1st quarter valued at $535,023,000. Goldman Sachs Group Inc. grew its position in Chipotle Mexican Grill by 98.1% in the 1st quarter. Goldman Sachs Group Inc. now owns 9,900,521 shares of the restaurant operator’s stock valued at $497,105,000 after acquiring an additional 4,903,969 shares during the last quarter. Montrusco Bolton Investments Inc. grew its position in Chipotle Mexican Grill by 5,319.7% in the 1st quarter. Montrusco Bolton Investments Inc. now owns 4,848,990 shares of the restaurant operator’s stock valued at $235,580,000 after acquiring an additional 4,759,520 shares during the last quarter. Price T Rowe Associates Inc. MD grew its position in Chipotle Mexican Grill by 7.6% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 56,827,332 shares of the restaurant operator’s stock valued at $2,853,302,000 after acquiring an additional 4,027,016 shares during the last quarter. Finally, Manning & Napier Advisors LLC bought a new position in Chipotle Mexican Grill in the 1st quarter valued at $127,892,000. Institutional investors own 91.30% of the company’s stock.

Chipotle Mexican Grill Price Performance

Shares of NYSE CMG opened at $39.86 on Monday. The stock has a market capitalization of $53.45 billion, a P/E ratio of 35.59, a price-to-earnings-growth ratio of 2.04 and a beta of 0.99. Chipotle Mexican Grill, Inc. has a 1-year low of $38.30 and a 1-year high of $66.74. The business has a fifty day moving average price of $41.18 and a 200 day moving average price of $47.61.

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

Analysts Set New Price Targets

Several equities analysts have commented on CMG shares. Truist Financial cut their price objective on Chipotle Mexican Grill from $64.00 to $60.00 and set a “buy” rating on the stock in a research report on Friday, July 25th. Evercore ISI dropped their price target on Chipotle Mexican Grill from $57.00 to $53.00 and set an “outperform” rating on the stock in a research report on Tuesday, October 7th. BTIG Research reissued a “buy” rating and set a $57.00 price target on shares of Chipotle Mexican Grill in a research report on Friday, September 5th. KeyCorp dropped 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. Finally, Piper Sandler raised Chipotle Mexican Grill from a “neutral” rating to an “overweight” rating and dropped their price target for the stock from $53.00 to $50.00 in a research report on Tuesday, August 12th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating and nine have issued a Hold rating to the stock. Based on data from MarketBeat, Chipotle Mexican Grill presently has a consensus rating of “Moderate Buy” and an average price target of $58.93.

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.