Kingswood Wealth Advisors LLC Lowers Stock Holdings in Chipotle Mexican Grill, Inc. $CMG

Kingswood Wealth Advisors LLC lowered its stake in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) by 58.8% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 3,747 shares of the restaurant operator’s stock after selling 5,351 shares during the quarter. Kingswood Wealth Advisors LLC’s holdings in Chipotle Mexican Grill were worth $210,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in CMG. Revolve Wealth Partners LLC grew its holdings 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 worth $290,000 after buying an additional 214 shares during the last quarter. Bison Wealth LLC purchased a new stake in Chipotle Mexican Grill in the 4th quarter valued at approximately $224,000. CX Institutional boosted its holdings in Chipotle Mexican Grill by 9.3% in the 1st quarter. CX Institutional now owns 8,037 shares of the restaurant operator’s stock valued at $404,000 after purchasing an additional 685 shares in the last quarter. NorthCrest Asset Manangement LLC boosted its holdings in Chipotle Mexican Grill by 0.9% in the 1st quarter. NorthCrest Asset Manangement LLC now owns 26,569 shares of the restaurant operator’s stock valued at $1,334,000 after purchasing an additional 246 shares in the last quarter. Finally, Azzad Asset Management Inc. ADV purchased a new stake in Chipotle Mexican Grill in the 1st quarter valued at approximately $2,953,000. Hedge funds and other institutional investors own 91.30% of the company’s stock.

Chipotle Mexican Grill Price Performance

Shares of NYSE:CMG opened at $39.86 on Friday. The business’s 50 day simple moving average is $41.18 and its 200-day simple moving average is $47.63. The firm has a market capitalization of $53.45 billion, a price-to-earnings ratio of 35.59, a price-to-earnings-growth ratio of 2.03 and a beta of 0.99. Chipotle Mexican Grill, Inc. has a 12 month low of $38.30 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 earnings per share (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 firm had revenue of $3.06 billion during the quarter, compared to the consensus estimate of $3.11 billion. During the same period in the previous year, the firm posted $0.34 EPS. The company’s quarterly revenue was up 3.0% compared to the same quarter last year. On average, equities analysts anticipate 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 a number of analyst reports. Rothschild & Co Redburn raised Chipotle Mexican Grill from a “neutral” rating to a “buy” rating and set a $55.00 price objective on the stock in a report on Wednesday, September 3rd. TD Securities reaffirmed a “buy” rating and issued a $57.00 price objective on shares of Chipotle Mexican Grill in a report on Wednesday, June 18th. Guggenheim lowered their price objective on Chipotle Mexican Grill from $47.00 to $46.00 and set a “neutral” rating on the stock in a report on Friday, July 25th. BTIG Research reaffirmed a “buy” rating and issued a $57.00 price objective on shares of Chipotle Mexican Grill in a report on Friday, September 5th. Finally, Truist Financial decreased their price target on Chipotle Mexican Grill from $64.00 to $60.00 and set a “buy” rating on the stock in a research note on Friday, July 25th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating and nine have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $58.93.

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.