Equitable Trust Co. Sells 1,400 Shares of Chipotle Mexican Grill, Inc. $CMG

Equitable Trust Co. cut its stake in Chipotle Mexican Grill, Inc. (NYSE:CMG) by 9.6% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 13,200 shares of the restaurant operator’s stock after selling 1,400 shares during the period. Equitable Trust Co.’s holdings in Chipotle Mexican Grill were worth $741,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of CMG. Revolve Wealth Partners LLC lifted its holdings in shares of Chipotle Mexican Grill by 4.7% during the 4th quarter. Revolve Wealth Partners LLC now owns 4,804 shares of the restaurant operator’s stock worth $290,000 after acquiring an additional 214 shares during the period. Bison Wealth LLC acquired a new stake in shares of Chipotle Mexican Grill during the 4th quarter worth about $224,000. Wealth Enhancement Advisory Services LLC increased its position in shares of Chipotle Mexican Grill by 13.8% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 373,432 shares of the restaurant operator’s stock worth $18,750,000 after purchasing an additional 45,296 shares in the last quarter. Dynamic Advisor Solutions LLC increased its position in shares of Chipotle Mexican Grill by 11.7% during the 1st quarter. Dynamic Advisor Solutions LLC now owns 15,394 shares of the restaurant operator’s stock worth $773,000 after purchasing an additional 1,614 shares in the last quarter. Finally, Ritholtz Wealth Management increased its position in shares of Chipotle Mexican Grill by 20.1% during the 1st quarter. Ritholtz Wealth Management now owns 9,934 shares of the restaurant operator’s stock worth $499,000 after purchasing an additional 1,660 shares in the last quarter. 91.30% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of brokerages recently issued reports on CMG. Barclays dropped their target price on shares of 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. Citigroup lowered their price objective on shares of Chipotle Mexican Grill from $68.00 to $62.00 and set a “buy” rating for the company in a research report on Thursday, July 24th. Jefferies Financial Group lowered their price target on shares of Chipotle Mexican Grill from $48.00 to $44.00 and set a “hold” rating for the company in a research report on Monday. Piper Sandler upgraded shares of Chipotle Mexican Grill from a “neutral” rating to an “overweight” rating and lowered their price target for the stock from $53.00 to $50.00 in a research report on Tuesday, August 12th. Finally, KeyCorp lowered 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. Two analysts have rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating and nine have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $57.86.

Chipotle Mexican Grill Stock Performance

Shares of NYSE CMG opened at $41.77 on Thursday. The stock has a market cap of $56.00 billion, a P/E ratio of 37.29, a P/E/G ratio of 2.54 and a beta of 0.99. The firm has a 50 day moving average price of $41.12 and a 200 day moving average price of $47.47. 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 (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 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 business’s revenue for the quarter was up 3.0% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.34 earnings per share. Analysts predict that Chipotle Mexican Grill, Inc. will post 1.29 earnings per share for the current fiscal year.

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.