TFG Advisers LLC Has $346,000 Position in Chipotle Mexican Grill, Inc. $CMG

TFG Advisers LLC lessened its position in Chipotle Mexican Grill, Inc. (NYSE:CMG) by 6.8% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 6,165 shares of the restaurant operator’s stock after selling 453 shares during the quarter. TFG Advisers LLC’s holdings in Chipotle Mexican Grill were worth $346,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently bought and sold shares of CMG. CHURCHILL MANAGEMENT Corp boosted its stake in shares of Chipotle Mexican Grill by 0.8% during the 2nd quarter. CHURCHILL MANAGEMENT Corp now owns 229,286 shares of the restaurant operator’s stock worth $12,874,000 after acquiring an additional 1,819 shares during the period. NRI Wealth Management LC grew its position in Chipotle Mexican Grill by 3.1% during the 2nd quarter. NRI Wealth Management LC now owns 49,800 shares of the restaurant operator’s stock worth $2,796,000 after acquiring an additional 1,475 shares during the last quarter. SOA Wealth Advisors LLC. grew its position in shares of Chipotle Mexican Grill by 45.3% in the 2nd quarter. SOA Wealth Advisors LLC. now owns 1,961 shares of the restaurant operator’s stock valued at $110,000 after buying an additional 611 shares during the last quarter. First Pacific Financial bought a new stake in shares of Chipotle Mexican Grill in the 2nd quarter valued at about $39,000. Finally, Community Bank & Trust Waco Texas bought a new stake in shares of Chipotle Mexican Grill during the 2nd quarter valued at about $211,000. 91.30% of the stock is currently owned by institutional investors.

Chipotle Mexican Grill Stock Performance

Shares of CMG stock opened at $38.96 on Thursday. The firm has a market capitalization of $52.23 billion, a PE ratio of 34.78, a PEG ratio of 2.00 and a beta of 0.99. The stock has a fifty day simple moving average of $41.68 and a two-hundred day simple moving average of $48.04. 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 issued its quarterly earnings data on Wednesday, July 23rd. The restaurant operator reported $0.33 earnings per share 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%.The business’s quarterly revenue was up 3.0% compared to the same quarter last year. During the same quarter last year, the business posted $0.34 earnings per share. On average, sell-side analysts forecast that Chipotle Mexican Grill, Inc. will post 1.29 EPS for the current fiscal year.

Analyst Ratings Changes

Several brokerages have recently commented on CMG. Stifel Nicolaus lowered their price objective on Chipotle Mexican Grill from $65.00 to $60.00 and set a “buy” rating for the company in a research note on Tuesday, September 9th. Barclays dropped 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 note on Thursday, July 24th. Truist Financial lowered their price target on Chipotle Mexican Grill from $64.00 to $60.00 and set a “buy” rating on the stock in a research report on Friday, July 25th. Guggenheim lowered their price target on Chipotle Mexican Grill from $47.00 to $46.00 and set a “neutral” rating for the company in a research report on Friday, July 25th. Finally, BMO Capital Markets upgraded Chipotle Mexican Grill from a “market perform” rating to an “outperform” rating and upped their price target for the stock from $56.00 to $65.00 in a research note on Friday, July 18th. Two research 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 stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $59.76.

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.