FAS Wealth Partners Inc. Sells 35,326 Shares of Chipotle Mexican Grill, Inc. $CMG

FAS Wealth Partners Inc. cut its stake in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) by 82.4% in the 1st quarter, Holdings Channel reports. The institutional investor owned 7,563 shares of the restaurant operator’s stock after selling 35,326 shares during the quarter. FAS Wealth Partners Inc.’s holdings in Chipotle Mexican Grill were worth $242,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. NewEdge Advisors LLC increased its holdings in Chipotle Mexican Grill by 28.9% in the 1st quarter. NewEdge Advisors LLC now owns 150,217 shares of the restaurant operator’s stock worth $4,808,000 after purchasing an additional 33,689 shares in the last quarter. First Nebraska Trust Co bought a new stake in shares of Chipotle Mexican Grill during the first quarter worth about $2,888,000. Glenmede Trust Co. NA grew its holdings in shares of Chipotle Mexican Grill by 12.3% during the first quarter. Glenmede Trust Co. NA now owns 42,514 shares of the restaurant operator’s stock worth $1,361,000 after purchasing an additional 4,652 shares during the last quarter. GKV Capital Management Co. Inc. acquired a new position in shares of Chipotle Mexican Grill in the first quarter valued at approximately $32,000. Finally, CTC Alternative Strategies Ltd. increased its stake in shares of Chipotle Mexican Grill by 50.5% in the first quarter. CTC Alternative Strategies Ltd. now owns 12,600 shares of the restaurant operator’s stock valued at $403,000 after buying an additional 4,230 shares during the period. 91.30% of the stock is currently owned by institutional investors.

Chipotle Mexican Grill Stock Performance

NYSE:CMG opened at $33.86 on Wednesday. Chipotle Mexican Grill, Inc. has a 52 week low of $28.03 and a 52 week high of $44.27. The firm’s fifty day moving average is $32.97 and its 200-day moving average is $34.52. The firm has a market cap of $42.84 billion, a P/E ratio of 31.06, a P/E/G ratio of 2.39 and a beta of 0.94.

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

Chipotle Mexican Grill News Roundup

Here are the key news stories impacting Chipotle Mexican Grill this week:

• Positive Sentiment: Strong second-quarter performance: Chipotle reported revenue of $3.35 billion, up 9.3% year over year, and non-GAAP earnings of $0.33 per share, slightly exceeding analyst expectations. Menu innovation, digital investments and transaction growth supported results. CMG Q2 Deep Dive: Menu Innovation and Digital Investments Drive Transaction Gains
• Positive Sentiment: Argus raised its price target: Argus increased its target for CMG from $40 to $45 and maintained a “buy” rating, indicating confidence in the company’s longer-term growth prospects. Benzinga analyst price-target report
• Neutral Sentiment: Limited regional exposure identified: Chipotle removed jalapeños from multiple Minnesota locations and cooperated with health officials. Authorities reportedly said they were no longer concerned about continued exposure, which may limit the immediate operational impact, although the investigation remains a reputational risk. Chipotle Pulled Jalapeños Tied to Minnesota Salmonella Cases
• Negative Sentiment: Salmonella concerns pressured the stock: Minnesota officials reported more than 100 illnesses, with jalapeños at Chipotle restaurants identified as a possible source. Investors fear potential customer traffic disruption, regulatory scrutiny, legal costs and renewed damage to Chipotle’s food-safety reputation. Chipotle Shares Hammered as Minnesota Salmonella Outbreak Triggers Jalapeño Removal
• Negative Sentiment: Potential legal overhang: A law firm announced a fraud investigation and invited CMG investors to participate, adding another source of litigation and reputational risk. The announcement does not establish wrongdoing. CMG Investors Have Opportunity to Join Chipotle Mexican Grill, Inc. Fraud Investigation with SBS Law

Analyst Ratings Changes

Several equities research analysts recently commented on CMG shares. Royal Bank Of Canada reiterated an “outperform” rating and set a $45.00 target price on shares of Chipotle Mexican Grill in a research report on Thursday, April 30th. Mizuho upped their price target on shares of Chipotle Mexican Grill from $40.00 to $41.00 and gave the company an “outperform” rating in a research report on Monday, July 13th. Weiss Ratings downgraded shares of Chipotle Mexican Grill from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Friday, July 24th. Argus lifted their price target on shares of Chipotle Mexican Grill from $40.00 to $45.00 and gave the stock a “buy” rating in a report on Tuesday. Finally, TD Cowen reissued a “buy” rating and issued a $44.00 price objective on shares of Chipotle Mexican Grill in a research note on Thursday, July 30th. Twenty-four investment analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $44.16.

Chipotle Mexican Grill Company Profile

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.