Jupiter Wealth Management LLC Sells 1,979 Shares of Chipotle Mexican Grill, Inc. $CMG

Jupiter Wealth Management LLC decreased its holdings in Chipotle Mexican Grill, Inc. (NYSE:CMG) by 8.4% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 21,600 shares of the restaurant operator’s stock after selling 1,979 shares during the quarter. Jupiter Wealth Management LLC’s holdings in Chipotle Mexican Grill were worth $1,129,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in CMG. Cloud Capital Management LLC purchased a new position in shares of Chipotle Mexican Grill during the first quarter valued at about $25,000. Saudi Central Bank bought a new stake in Chipotle Mexican Grill during the 1st quarter valued at approximately $27,000. HighMark Wealth Management LLC grew its holdings 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 acquiring an additional 371 shares during the period. North Capital Inc. purchased a new position in shares of Chipotle Mexican Grill during the 1st quarter worth approximately $30,000. Finally, ORG Wealth Partners LLC bought a new position in shares of Chipotle Mexican Grill in the 1st quarter worth approximately $31,000. 91.30% of the stock is owned by hedge funds and other institutional investors.

Chipotle Mexican Grill Trading Down 0.5%

NYSE:CMG opened at $39.47 on Wednesday. The company has a market cap of $52.92 billion, a PE ratio of 35.24, a price-to-earnings-growth ratio of 2.02 and a beta of 1.02. The company has a 50 day simple moving average of $46.64 and a two-hundred day simple moving average of $49.39. Chipotle Mexican Grill, Inc. has a 12 month low of $39.23 and a 12 month high of $66.74.

Chipotle Mexican Grill (NYSE:CMG) last issued its quarterly earnings data on Wednesday, July 23rd. The restaurant operator reported $0.33 EPS for the quarter, topping the consensus estimate 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 analyst estimates of $3.11 billion. During the same quarter in the previous year, the company posted $0.34 earnings per share. Chipotle Mexican Grill’s revenue was up 3.0% compared to the same quarter last year. Research analysts forecast that Chipotle Mexican Grill, Inc. will post 1.29 earnings per share for the current year.

Wall Street Analysts Forecast Growth

CMG has been the topic of several research reports. Rothschild & Co Redburn upgraded Chipotle Mexican Grill from a “neutral” rating to a “buy” rating and set a $55.00 price target on the stock in a research report on Wednesday, September 3rd. Barclays dropped their target price on Chipotle Mexican Grill from $55.00 to $53.00 and set an “equal weight” rating on the stock in a report on Thursday, July 24th. Redburn Atlantic assumed coverage on shares of Chipotle Mexican Grill in a research note on Tuesday, June 10th. They set a “neutral” rating and a $55.00 price objective for the company. Rothschild Redb upgraded shares of Chipotle Mexican Grill from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, September 3rd. Finally, TD Securities reiterated a “buy” rating and set a $57.00 price target on shares of Chipotle Mexican Grill in a report on Wednesday, June 18th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-one have given a Buy rating and eight have given a Hold rating to the company’s stock. According to MarketBeat, Chipotle Mexican Grill has an average rating of “Moderate Buy” and a consensus target price of $59.76.

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.