Game Plan Financial Advisors LLC Sells 506 Shares of Chipotle Mexican Grill, Inc. $CMG

Game Plan Financial Advisors LLC cut its position in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) by 10.1% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 4,500 shares of the restaurant operator’s stock after selling 506 shares during the quarter. Game Plan Financial Advisors LLC’s holdings in Chipotle Mexican Grill were worth $226,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently made changes to their positions in CMG. Revolve Wealth Partners LLC boosted its position in shares of Chipotle Mexican Grill by 4.7% during the fourth quarter. Revolve Wealth Partners LLC now owns 4,804 shares of the restaurant operator’s stock valued at $290,000 after purchasing an additional 214 shares in the last quarter. Bank Pictet & Cie Europe AG boosted its holdings in Chipotle Mexican Grill by 22.5% in the fourth quarter. Bank Pictet & Cie Europe AG now owns 1,518,593 shares of the restaurant operator’s stock worth $91,571,000 after acquiring an additional 279,267 shares in the last quarter. Bison Wealth LLC bought a new stake in Chipotle Mexican Grill in the fourth quarter worth $224,000. Ensign Peak Advisors Inc boosted its holdings in Chipotle Mexican Grill by 7.1% in the fourth quarter. Ensign Peak Advisors Inc now owns 339,759 shares of the restaurant operator’s stock worth $20,487,000 after acquiring an additional 22,589 shares in the last quarter. Finally, Focus Partners Wealth boosted its holdings in Chipotle Mexican Grill by 192.2% in the fourth quarter. Focus Partners Wealth now owns 223,821 shares of the restaurant operator’s stock worth $13,505,000 after acquiring an additional 147,215 shares in the last quarter. 91.30% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts have commented on the company. Citigroup dropped their target price 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. Truist Financial dropped their target price on Chipotle Mexican Grill from $64.00 to $60.00 and set a “buy” rating on the stock in a report on Friday, July 25th. Melius assumed coverage on Chipotle Mexican Grill in a report on Monday, July 14th. They issued a “hold” rating and a $60.00 target price on the stock. Redburn Atlantic assumed coverage on Chipotle Mexican Grill in a report on Tuesday, June 10th. They issued a “neutral” rating and a $55.00 target price on the stock. Finally, JPMorgan Chase & Co. dropped their target price on Chipotle Mexican Grill from $58.00 to $54.00 and set a “neutral” rating on the stock in a report on Thursday, May 29th. Two research analysts have rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating and eight have assigned a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $59.93.

Chipotle Mexican Grill Price Performance

CMG stock opened at $39.56 on Tuesday. Chipotle Mexican Grill, Inc. has a 1-year low of $39.23 and a 1-year high of $66.74. The business has a fifty day moving average price of $47.01 and a 200-day moving average price of $49.45. The stock has a market capitalization of $53.04 billion, a P/E ratio of 35.32, a P/E/G ratio of 2.09 and a beta of 1.02.

Chipotle Mexican Grill (NYSE:CMG) last posted its quarterly earnings data on Wednesday, July 23rd. The restaurant operator reported $0.33 EPS for the quarter, beating analysts’ consensus estimates of $0.32 by $0.01. The company 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%.Chipotle Mexican Grill’s revenue for the quarter was up 3.0% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.34 earnings per share. As a group, analysts anticipate that Chipotle Mexican Grill, Inc. will post 1.29 earnings per share for the current year.

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.