Atria Wealth Solutions Inc. Sells 34,868 Shares of Chipotle Mexican Grill, Inc. $CMG

Atria Wealth Solutions Inc. reduced its stake in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) by 65.8% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 18,086 shares of the restaurant operator’s stock after selling 34,868 shares during the period. Atria Wealth Solutions Inc.’s holdings in Chipotle Mexican Grill were worth $1,017,000 at the end of the most recent quarter.

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

Chipotle Mexican Grill Trading Up 0.4%

NYSE CMG opened at $41.93 on Friday. The stock’s 50 day moving average is $41.11 and its two-hundred day moving average is $47.35. The company has a market capitalization of $56.22 billion, a price-to-earnings ratio of 37.43, a PEG ratio of 2.52 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 for the quarter, beating analysts’ consensus estimates of $0.32 by $0.01. The company had revenue of $3.06 billion for the quarter, compared to the consensus estimate of $3.11 billion. Chipotle Mexican Grill had a return on equity of 43.50% and a net margin of 13.32%.The company’s quarterly revenue was up 3.0% on a year-over-year basis. During the same period in the previous year, the business earned $0.34 earnings per share. On average, analysts predict that Chipotle Mexican Grill, Inc. will post 1.29 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on CMG. KeyCorp dropped their price objective on Chipotle Mexican Grill from $60.00 to $58.00 and set an “overweight” rating on the stock in a research note on Thursday, July 24th. Weiss Ratings reiterated a “hold (c)” rating on shares of Chipotle Mexican Grill in a research note on Wednesday, October 8th. Rothschild Redb raised Chipotle Mexican Grill from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, September 3rd. BMO Capital Markets raised Chipotle Mexican Grill from a “market perform” rating to an “outperform” rating and lifted their target price for the stock from $56.00 to $65.00 in a research report on Friday, July 18th. Finally, UBS Group lifted their target price on Chipotle Mexican Grill from $60.00 to $65.00 and gave the stock a “buy” rating in a research report on Thursday, July 17th. Two equities research 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 has an average rating of “Moderate Buy” and an average target price of $57.55.

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.