Sentry Investment Management LLC Sells 2,979 Shares of Chipotle Mexican Grill, Inc. (NYSE:CMG)

Sentry Investment Management LLC trimmed its holdings in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) by 23.0% during the 1st quarter, HoldingsChannel.com reports. The firm owned 9,974 shares of the restaurant operator’s stock after selling 2,979 shares during the quarter. Sentry Investment Management LLC’s holdings in Chipotle Mexican Grill were worth $465,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Ethos Financial Group LLC bought a new position in shares of Chipotle Mexican Grill during the fourth quarter valued at $31,000. Murphy & Mullick Capital Management Corp bought a new stake in Chipotle Mexican Grill in the 4th quarter worth about $38,000. Global Financial Private Client LLC raised its position in Chipotle Mexican Grill by 136.2% in the 1st quarter. Global Financial Private Client LLC now owns 867 shares of the restaurant operator’s stock worth $44,000 after buying an additional 500 shares during the last quarter. Financial Life Planners bought a new position in Chipotle Mexican Grill during the 4th quarter valued at about $45,000. Finally, Mascagni Wealth Management Inc. bought a new position in Chipotle Mexican Grill during the 4th quarter valued at about $45,000. Institutional investors own 91.31% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently commented on CMG. Royal Bank of Canada reduced their price target on shares of Chipotle Mexican Grill from $65.00 to $60.00 and set an “outperform” rating for the company in a research note on Thursday, April 24th. Robert W. Baird cut their target price on shares of Chipotle Mexican Grill from $62.00 to $56.00 and set an “outperform” rating for the company in a research report on Thursday, April 24th. Barclays decreased their target price on shares of Chipotle Mexican Grill from $60.00 to $56.00 and set an “equal weight” rating for the company in a research note on Tuesday, April 22nd. JPMorgan Chase & Co. dropped their price target on Chipotle Mexican Grill from $58.00 to $54.00 and set a “neutral” rating on the stock in a research note on Thursday, May 29th. Finally, Piper Sandler cut their price objective on Chipotle Mexican Grill from $59.00 to $52.00 and set a “neutral” rating for the company in a report on Thursday, April 24th. Nine equities research analysts have rated the stock with a hold rating, nineteen have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $61.60.

Chipotle Mexican Grill Stock Performance

Shares of Chipotle Mexican Grill stock opened at $49.81 on Tuesday. Chipotle Mexican Grill, Inc. has a fifty-two week low of $44.46 and a fifty-two week high of $69.26. The company has a market capitalization of $67.11 billion, a P/E ratio of 44.87, a P/E/G ratio of 2.04 and a beta of 1.11. The company has a fifty day moving average of $50.03 and a 200 day moving average of $54.82.

Chipotle Mexican Grill (NYSE:CMG) last released its quarterly earnings data on Wednesday, April 23rd. The restaurant operator reported $0.29 earnings per share for the quarter, topping analysts’ consensus estimates of $0.28 by $0.01. Chipotle Mexican Grill had a return on equity of 42.92% and a net margin of 13.56%. The firm had revenue of $2.88 billion during the quarter, compared to analyst estimates of $2.98 billion. During the same quarter in the prior year, the company posted $13.37 earnings per share. The business’s quarterly revenue was up 6.4% compared to the same quarter last year. Analysts forecast that Chipotle Mexican Grill, Inc. will post 1.29 EPS for the current 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.