Capital Management Associates Inc Sells 3,418 Shares of Chipotle Mexican Grill, Inc. $CMG

Capital Management Associates Inc reduced its stake in Chipotle Mexican Grill, Inc. (NYSE:CMG) by 46.4% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,944 shares of the restaurant operator’s stock after selling 3,418 shares during the period. Capital Management Associates Inc’s holdings in Chipotle Mexican Grill were worth $221,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of the stock. Ascent Group LLC increased its position in shares of Chipotle Mexican Grill by 3.5% during the second quarter. Ascent Group LLC now owns 5,752 shares of the restaurant operator’s stock valued at $323,000 after acquiring an additional 193 shares in the last quarter. E. Ohman J or Asset Management AB increased its position in shares of Chipotle Mexican Grill by 0.3% during the second quarter. E. Ohman J or Asset Management AB now owns 59,234 shares of the restaurant operator’s stock valued at $3,326,000 after acquiring an additional 194 shares in the last quarter. Occidental Asset Management LLC increased its position in shares of Chipotle Mexican Grill by 2.8% during the second quarter. Occidental Asset Management LLC now owns 7,257 shares of the restaurant operator’s stock valued at $407,000 after acquiring an additional 195 shares in the last quarter. Perennial Advisors LLC increased its position in shares of Chipotle Mexican Grill by 3.1% during the second quarter. Perennial Advisors LLC now owns 6,667 shares of the restaurant operator’s stock valued at $374,000 after acquiring an additional 200 shares in the last quarter. Finally, Quent Capital LLC increased its position in shares of Chipotle Mexican Grill by 2.0% during the second quarter. Quent Capital LLC now owns 10,555 shares of the restaurant operator’s stock valued at $593,000 after acquiring an additional 208 shares in the last quarter. 91.30% of the stock is owned by institutional investors.

Chipotle Mexican Grill Price Performance

Shares of Chipotle Mexican Grill stock opened at $41.00 on Thursday. The company’s fifty day simple moving average is $41.28 and its 200-day simple moving average is $47.78. The stock has a market capitalization of $54.98 billion, a PE ratio of 36.61, a P/E/G ratio of 2.09 and a beta of 0.99. 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 issued its quarterly earnings results on Wednesday, July 23rd. The restaurant operator reported $0.33 earnings per share for the quarter, topping the consensus estimate of $0.32 by $0.01. The business had revenue of $3.06 billion for the quarter, compared to analysts’ expectations of $3.11 billion. Chipotle Mexican Grill had a net margin of 13.32% and a return on equity of 43.50%. The company’s revenue was up 3.0% compared to the same quarter last year. During the same quarter last year, the company posted $0.34 EPS. As a group, research analysts anticipate that Chipotle Mexican Grill, Inc. will post 1.29 EPS for the current year.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on CMG shares. Robert W. Baird reduced their price target on shares of Chipotle Mexican Grill from $62.00 to $59.00 and set an “outperform” rating for the company in a research report on Thursday, July 24th. Piper Sandler raised shares of Chipotle Mexican Grill from a “neutral” rating to an “overweight” rating and reduced their price target for the company from $53.00 to $50.00 in a research report on Tuesday, August 12th. KeyCorp reduced their price target on shares of Chipotle Mexican Grill from $60.00 to $58.00 and set an “overweight” rating for the company in a research report on Thursday, July 24th. BTIG Research reaffirmed a “buy” rating and issued a $57.00 target price on shares of Chipotle Mexican Grill in a research report on Friday, September 5th. Finally, Wells Fargo & Company cut their target price on shares of 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. Two analysts have rated the stock with a Strong Buy rating, twenty-one have given a Buy rating and nine have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $59.28.

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.