Warther Private Wealth LLC Sells 210,109 Shares of Chipotle Mexican Grill, Inc. $CMG

Warther Private Wealth LLC reduced its position in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) by 94.5% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 12,235 shares of the restaurant operator’s stock after selling 210,109 shares during the quarter. Warther Private Wealth LLC’s holdings in Chipotle Mexican Grill were worth $687,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in CMG. Cloud Capital Management LLC bought a new stake in Chipotle Mexican Grill during the 1st quarter worth about $25,000. Saudi Central Bank bought a new stake in shares of Chipotle Mexican Grill in the 1st quarter valued at about $27,000. 1248 Management LLC bought a new stake in shares of Chipotle Mexican Grill in the 1st quarter valued at about $27,000. Signature Resources Capital Management LLC bought a new stake in shares of Chipotle Mexican Grill in the 2nd quarter valued at about $28,000. Finally, HighMark Wealth Management LLC increased its stake in shares of Chipotle Mexican Grill by 173.4% in the 1st quarter. HighMark Wealth Management LLC now owns 585 shares of the restaurant operator’s stock valued at $29,000 after acquiring an additional 371 shares during the last quarter. 91.30% of the stock is owned by institutional investors.

Chipotle Mexican Grill Stock Down 1.7%

Shares of Chipotle Mexican Grill stock opened at $41.64 on Thursday. Chipotle Mexican Grill, Inc. has a 12-month low of $38.30 and a 12-month high of $66.74. The stock has a market cap of $55.83 billion, a P/E ratio of 37.18, a P/E/G ratio of 2.56 and a beta of 0.99. The business’s 50 day moving average is $41.06 and its 200-day moving average is $47.18.

Chipotle Mexican Grill (NYSE:CMG) last released its quarterly earnings data on Wednesday, July 23rd. The restaurant operator reported $0.33 EPS for the quarter, beating the consensus estimate of $0.32 by $0.01. Chipotle Mexican Grill had a net margin of 13.32% and a return on equity of 43.50%. The firm had revenue of $3.06 billion for the quarter, compared to the consensus estimate of $3.11 billion. During the same period in the previous year, the company earned $0.34 earnings per share. The company’s quarterly revenue was up 3.0% on a year-over-year basis. On average, sell-side analysts expect that Chipotle Mexican Grill, Inc. will post 1.29 EPS for the current year.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on the company. KeyCorp lowered their price target on Chipotle Mexican Grill from $58.00 to $52.00 and set an “overweight” rating for the company in a research note on Monday. Sanford C. Bernstein lowered their price target on Chipotle Mexican Grill from $65.00 to $60.00 and set an “outperform” rating for the company in a research note on Thursday, October 2nd. BTIG Research reaffirmed a “buy” rating and issued a $57.00 price target on shares of Chipotle Mexican Grill in a research note on Friday, September 5th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Chipotle Mexican Grill in a research note on Wednesday, October 8th. Finally, Rothschild Redb upgraded Chipotle Mexican Grill from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, September 3rd. Two 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 company. Based on data from MarketBeat, Chipotle Mexican Grill currently has a consensus rating of “Moderate Buy” and an average price target of $56.69.

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.