Chipotle Mexican Grill, Inc. $CMG Shares Sold by Chicago Partners Investment Group LLC

Chicago Partners Investment Group LLC decreased its position in Chipotle Mexican Grill, Inc. (NYSE:CMG) by 3.3% in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 15,403 shares of the restaurant operator’s stock after selling 533 shares during the period. Chicago Partners Investment Group LLC’s holdings in Chipotle Mexican Grill were worth $813,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Cloud Capital Management LLC purchased a new position in shares of Chipotle Mexican Grill in the 1st quarter valued at about $25,000. Saudi Central Bank acquired a new stake in Chipotle Mexican Grill in the first quarter valued at approximately $27,000. 1248 Management LLC purchased a new stake in shares of Chipotle Mexican Grill in the first quarter valued at approximately $27,000. Signature Resources Capital Management LLC purchased a new stake in shares of Chipotle Mexican Grill in the second quarter valued at approximately $28,000. Finally, HighMark Wealth Management LLC raised its stake in shares of Chipotle Mexican Grill by 173.4% during the 1st quarter. HighMark Wealth Management LLC now owns 585 shares of the restaurant operator’s stock worth $29,000 after buying an additional 371 shares during the period. Institutional investors and hedge funds own 91.30% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on CMG. BMO Capital Markets raised shares of Chipotle Mexican Grill from a “market perform” rating to an “outperform” rating and lifted their price target for the company from $56.00 to $65.00 in a research note on Friday, July 18th. Guggenheim dropped their target price on shares of Chipotle Mexican Grill from $47.00 to $46.00 and set a “neutral” rating on the stock in a research report on Friday, July 25th. Truist Financial cut their target price on shares of Chipotle Mexican Grill from $60.00 to $53.00 and set a “buy” rating for the company in a research note on Tuesday, October 14th. Stifel Nicolaus decreased their price target on shares of 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. Finally, Citigroup lowered their price objective on Chipotle Mexican Grill from $68.00 to $62.00 and set a “buy” rating on the stock in a report on Thursday, July 24th. Two analysts have rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating and nine have issued a Hold rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $57.03.

Chipotle Mexican Grill Trading Up 1.8%

Shares of NYSE CMG opened at $42.37 on Wednesday. Chipotle Mexican Grill, Inc. has a 12-month low of $38.30 and a 12-month high of $66.74. The stock has a market cap of $56.81 billion, a PE ratio of 37.83, a P/E/G ratio of 2.52 and a beta of 0.99. The company has a 50-day moving average of $41.10 and a 200 day moving average of $47.22.

Chipotle Mexican Grill (NYSE:CMG) last released its earnings results 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 business had revenue of $3.06 billion for the quarter, compared to analyst estimates of $3.11 billion. Chipotle Mexican Grill had a net margin of 13.32% and a return on equity of 43.50%. The business’s revenue was up 3.0% on a year-over-year basis. During the same period last year, the company posted $0.34 EPS. On average, sell-side analysts forecast that Chipotle Mexican Grill, Inc. will post 1.29 EPS for the current fiscal 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.