Chipotle Mexican Grill, Inc. $CMG Shares Sold by Hager Investment Management Services LLC

Hager Investment Management Services LLC trimmed its holdings in Chipotle Mexican Grill, Inc. (NYSE:CMG) by 57.9% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 3,777 shares of the restaurant operator’s stock after selling 5,205 shares during the quarter. Hager Investment Management Services LLC’s holdings in Chipotle Mexican Grill were worth $212,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Charles Schwab Investment Management Inc. lifted its stake in Chipotle Mexican Grill by 5.8% in the first quarter. Charles Schwab Investment Management Inc. now owns 8,979,637 shares of the restaurant operator’s stock valued at $450,868,000 after buying an additional 491,002 shares during the last quarter. Corient IA LLC purchased a new stake in Chipotle Mexican Grill in the first quarter valued at approximately $753,000. Advisors Asset Management Inc. lifted its stake in Chipotle Mexican Grill by 32.4% in the first quarter. Advisors Asset Management Inc. now owns 75,368 shares of the restaurant operator’s stock valued at $3,784,000 after buying an additional 18,458 shares during the last quarter. Hilltop National Bank purchased a new stake in Chipotle Mexican Grill in the second quarter valued at approximately $2,579,000. Finally, Banco Santander S.A. lifted its stake in Chipotle Mexican Grill by 47.6% in the first quarter. Banco Santander S.A. now owns 31,764 shares of the restaurant operator’s stock valued at $1,595,000 after buying an additional 10,246 shares during the last quarter. 91.30% of the stock is owned by institutional investors and hedge funds.

Chipotle Mexican Grill Stock Performance

NYSE:CMG opened at $41.00 on Thursday. The stock has a fifty day moving average price of $41.28 and a two-hundred day moving average price of $47.78. The stock has a market capitalization of $54.98 billion, a price-to-earnings ratio of 36.61, a PEG 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 released its quarterly earnings data on Wednesday, July 23rd. The restaurant operator reported $0.33 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.32 by $0.01. The firm had revenue of $3.06 billion during the quarter, compared to analysts’ expectations 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 revenue was up 3.0% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.34 earnings per share. On average, analysts predict that Chipotle Mexican Grill, Inc. will post 1.29 EPS for the current year.

Analysts Set New Price Targets

A number of brokerages have weighed in on CMG. Piper Sandler upgraded Chipotle Mexican Grill from a “neutral” rating to an “overweight” rating and reduced their price objective for the company from $53.00 to $50.00 in a research note on Tuesday, August 12th. 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 note on Thursday, July 24th. Sanford C. Bernstein reduced their price objective 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. Truist Financial reduced their price objective on Chipotle Mexican Grill from $64.00 to $60.00 and set a “buy” rating for the company in a research note on Friday, July 25th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Chipotle Mexican Grill in a research note on Wednesday. Two investment 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. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target 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.