Bfsg LLC Sells 12,949 Shares of Chipotle Mexican Grill, Inc. $CMG

Bfsg LLC lowered its position in Chipotle Mexican Grill, Inc. (NYSE:CMG) by 20.7% in the 2nd quarter, Holdings Channel reports. The fund owned 49,477 shares of the restaurant operator’s stock after selling 12,949 shares during the quarter. Bfsg LLC’s holdings in Chipotle Mexican Grill were worth $2,778,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in CMG. Nuveen LLC bought a new position in Chipotle Mexican Grill during the 1st quarter valued at approximately $535,023,000. Goldman Sachs Group Inc. increased its position in Chipotle Mexican Grill by 98.1% during the 1st quarter. Goldman Sachs Group Inc. now owns 9,900,521 shares of the restaurant operator’s stock valued at $497,105,000 after buying an additional 4,903,969 shares in the last quarter. Montrusco Bolton Investments Inc. increased its position in Chipotle Mexican Grill by 5,319.7% during the 1st quarter. Montrusco Bolton Investments Inc. now owns 4,848,990 shares of the restaurant operator’s stock valued at $235,580,000 after buying an additional 4,759,520 shares in the last quarter. Price T Rowe Associates Inc. MD increased its position in Chipotle Mexican Grill by 7.6% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 56,827,332 shares of the restaurant operator’s stock valued at $2,853,302,000 after buying an additional 4,027,016 shares in the last quarter. Finally, Manning & Napier Advisors LLC bought a new position in Chipotle Mexican Grill during the 1st quarter valued at approximately $127,892,000. Institutional investors own 91.30% of the company’s stock.

Chipotle Mexican Grill Price Performance

Shares of NYSE:CMG opened at $40.20 on Tuesday. The firm has a market capitalization of $53.90 billion, a PE ratio of 35.89, a price-to-earnings-growth ratio of 2.00 and a beta of 1.02. The business has a 50 day simple moving average of $43.59 and a two-hundred day simple moving average of $48.52. Chipotle Mexican Grill, Inc. has a 1 year low of $38.30 and a 1 year high of $66.74.

Chipotle Mexican Grill (NYSE:CMG) last announced its quarterly 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 firm had revenue of $3.06 billion during the quarter, compared to analyst estimates 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. Equities research analysts expect that Chipotle Mexican Grill, Inc. will post 1.29 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the company. Wells Fargo & Company reduced their price objective on Chipotle Mexican Grill from $65.00 to $60.00 and set an “overweight” rating for the company in a research report on Thursday, July 24th. Rothschild & Co Redburn raised Chipotle Mexican Grill from a “neutral” rating to a “buy” rating and set a $55.00 price objective for the company in a research report on Wednesday, September 3rd. Barclays reduced their price objective on Chipotle Mexican Grill from $55.00 to $53.00 and set an “equal weight” rating for the company in a research report on Thursday, July 24th. Raymond James Financial reduced their target price on Chipotle Mexican Grill from $60.00 to $56.00 and set an “outperform” rating for the company in a report on Friday, August 15th. Finally, Piper Sandler raised Chipotle Mexican Grill from a “neutral” rating to an “overweight” rating and reduced their target price for the stock from $53.00 to $50.00 in a report on Tuesday, August 12th. Two analysts have rated the stock with a Strong Buy rating, twenty-one have given a Buy rating and eight have assigned a Hold rating to the company. According to data from MarketBeat, the company presently 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.