Sagespring Wealth Partners LLC Has $1.70 Million Holdings in Chipotle Mexican Grill, Inc. $CMG

Sagespring Wealth Partners LLC increased its stake in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) by 14.1% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 30,204 shares of the restaurant operator’s stock after purchasing an additional 3,732 shares during the period. Sagespring Wealth Partners LLC’s holdings in Chipotle Mexican Grill were worth $1,696,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Charles Schwab Investment Management Inc. grew its stake in shares of Chipotle Mexican Grill by 5.8% during the first quarter. Charles Schwab Investment Management Inc. now owns 8,979,637 shares of the restaurant operator’s stock worth $450,868,000 after purchasing an additional 491,002 shares during the period. Corient IA LLC acquired a new stake in shares of Chipotle Mexican Grill during the first quarter worth $753,000. Advisors Asset Management Inc. grew its stake in shares of Chipotle Mexican Grill by 32.4% during the first quarter. Advisors Asset Management Inc. now owns 75,368 shares of the restaurant operator’s stock worth $3,784,000 after purchasing an additional 18,458 shares during the period. Hilltop National Bank bought a new position in Chipotle Mexican Grill during the second quarter worth about $2,579,000. Finally, Banco Santander S.A. lifted its holdings in Chipotle Mexican Grill by 47.6% during the first quarter. Banco Santander S.A. now owns 31,764 shares of the restaurant operator’s stock worth $1,595,000 after acquiring an additional 10,246 shares in the last quarter. 91.30% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the company. Evercore ISI reduced their target price on Chipotle Mexican Grill from $57.00 to $53.00 and set an “outperform” rating on the stock in a report on Tuesday, October 7th. Wells Fargo & Company reduced their target price on Chipotle Mexican Grill from $65.00 to $60.00 and set an “overweight” rating on the stock in a report on Thursday, July 24th. Truist Financial reduced their target price on Chipotle Mexican Grill from $60.00 to $53.00 and set a “buy” rating on the stock in a report on Tuesday. TD Securities reiterated a “buy” rating and set a $57.00 target price on shares of Chipotle Mexican Grill in a report on Wednesday, June 18th. Finally, Rothschild & Co Redburn upgraded Chipotle Mexican Grill from a “neutral” rating to a “buy” rating and set a $55.00 target price on the stock in a report on Wednesday, September 3rd. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating and nine have issued a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $58.07.

Chipotle Mexican Grill Stock Performance

NYSE:CMG opened at $42.08 on Wednesday. The stock’s 50-day simple moving average is $41.14 and its 200 day simple moving average is $47.51. The company has a market cap of $56.42 billion, a P/E ratio of 37.57, a P/E/G ratio of 2.46 and a beta of 0.99. Chipotle Mexican Grill, Inc. has a 52-week low of $38.30 and a 52-week high of $66.74.

Chipotle Mexican Grill (NYSE:CMG) last released its earnings results on Wednesday, July 23rd. The restaurant operator reported $0.33 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.32 by $0.01. The business had revenue of $3.06 billion for the quarter, compared to the consensus estimate 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 quarterly revenue was up 3.0% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.34 earnings per share. As a group, equities analysts predict that Chipotle Mexican Grill, Inc. will post 1.29 earnings per share for the current fiscal year.

Chipotle Mexican Grill 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.