BSW Wealth Partners Lowers Holdings in Chipotle Mexican Grill, Inc. $CMG

BSW Wealth Partners reduced its position in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) by 15.5% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 5,191 shares of the restaurant operator’s stock after selling 949 shares during the quarter. BSW Wealth Partners’ holdings in Chipotle Mexican Grill were worth $291,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also bought and sold shares of CMG. Cloud Capital Management LLC bought a new stake in shares of Chipotle Mexican Grill in the first quarter valued at about $25,000. Saudi Central Bank purchased a new position in Chipotle Mexican Grill during the 1st quarter valued at about $27,000. 1248 Management LLC bought a new stake in shares of Chipotle Mexican Grill in the 1st quarter valued at about $27,000. Signature Resources Capital Management LLC purchased a new stake in shares of Chipotle Mexican Grill in the 2nd quarter worth approximately $28,000. Finally, HighMark Wealth Management LLC boosted its stake in shares of Chipotle Mexican Grill by 173.4% during the first quarter. HighMark Wealth Management LLC now owns 585 shares of the restaurant operator’s stock valued at $29,000 after purchasing an additional 371 shares in the last quarter. 91.30% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

CMG has been the subject of a number of recent research reports. BMO Capital Markets raised shares of Chipotle Mexican Grill from a “market perform” rating to an “outperform” rating and boosted their price objective for the stock from $56.00 to $65.00 in a research note on Friday, July 18th. Raymond James Financial cut their price target on Chipotle Mexican Grill from $60.00 to $56.00 and set an “outperform” rating on the stock in a report on Friday, August 15th. Piper Sandler raised Chipotle Mexican Grill from a “neutral” rating to an “overweight” rating and reduced their price target for the stock from $53.00 to $50.00 in a research report on Tuesday, August 12th. KeyCorp dropped their price objective 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, Stifel Nicolaus reduced their target price on shares of Chipotle Mexican Grill from $65.00 to $60.00 and set a “buy” rating for the company in a report on Tuesday, September 9th. Two research analysts have rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating and eight have given a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $59.41.

Chipotle Mexican Grill Price Performance

Shares of CMG stock opened at $40.25 on Friday. The stock’s fifty day moving average price is $41.57 and its 200 day moving average price is $47.98. Chipotle Mexican Grill, Inc. has a 1-year low of $38.30 and a 1-year high of $66.74. The company has a market cap of $53.97 billion, a price-to-earnings ratio of 35.94, a price-to-earnings-growth ratio of 1.98 and a beta of 0.99.

Chipotle Mexican Grill (NYSE:CMG) last released its quarterly earnings results on Wednesday, July 23rd. The restaurant operator reported $0.33 EPS for the quarter, beating analysts’ consensus estimates 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 company had revenue of $3.06 billion during the quarter, compared to analysts’ expectations of $3.11 billion. During the same period last year, the business posted $0.34 earnings per share. The firm’s revenue was up 3.0% compared to the same quarter last year. As a group, equities research analysts anticipate that Chipotle Mexican Grill, Inc. will post 1.29 earnings per share for the current year.

About Chipotle Mexican Grill

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.