Lockheed Martin Investment Management Co. Sells 14,730 Shares of Chipotle Mexican Grill, Inc. $CMG

Lockheed Martin Investment Management Co. lowered its position in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) by 6.3% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 217,930 shares of the restaurant operator’s stock after selling 14,730 shares during the quarter. Lockheed Martin Investment Management Co.’s holdings in Chipotle Mexican Grill were worth $12,237,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in CMG. Revolve Wealth Partners LLC increased its holdings in Chipotle Mexican Grill by 4.7% in the fourth quarter. Revolve Wealth Partners LLC now owns 4,804 shares of the restaurant operator’s stock valued at $290,000 after purchasing an additional 214 shares during the last quarter. Bison Wealth LLC bought a new stake in Chipotle Mexican Grill in the fourth quarter valued at about $224,000. Koshinski Asset Management Inc. increased its holdings in Chipotle Mexican Grill by 10.6% in the first quarter. Koshinski Asset Management Inc. now owns 4,188 shares of the restaurant operator’s stock valued at $210,000 after purchasing an additional 400 shares during the last quarter. Clear Creek Financial Management LLC bought a new stake in Chipotle Mexican Grill in the first quarter valued at about $242,000. Finally, Physician Wealth Advisors Inc. increased its holdings in Chipotle Mexican Grill by 116.1% in the first quarter. Physician Wealth Advisors Inc. now owns 834 shares of the restaurant operator’s stock valued at $42,000 after purchasing an additional 448 shares during the last quarter. Institutional investors own 91.30% of the company’s stock.

Chipotle Mexican Grill Price Performance

Shares of Chipotle Mexican Grill stock opened at $32.61 on Friday. Chipotle Mexican Grill, Inc. has a 1 year low of $31.01 and a 1 year high of $66.74. The business has a 50-day moving average of $40.60 and a two-hundred day moving average of $46.79. The company has a market capitalization of $43.73 billion, a P/E ratio of 28.86, a price-to-earnings-growth ratio of 2.65 and a beta of 0.99.

Chipotle Mexican Grill (NYSE:CMG) last announced its quarterly earnings results on Wednesday, October 29th. The restaurant operator reported $0.29 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.29. Chipotle Mexican Grill had a return on equity of 44.32% and a net margin of 13.04%.The company had revenue of $3 billion during the quarter, compared to the consensus estimate of $3.06 billion. During the same period in the prior year, the company earned $0.27 earnings per share. The company’s revenue for the quarter was up 7.5% compared to the same quarter last year. On average, equities analysts anticipate that Chipotle Mexican Grill, Inc. will post 1.29 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research firms recently commented on CMG. Sanford C. Bernstein reiterated an “outperform” rating and issued a $40.00 price objective (down previously from $60.00) on shares of Chipotle Mexican Grill in a report on Thursday. Rothschild & Co Redburn upgraded Chipotle Mexican Grill from a “neutral” rating to a “buy” rating and set a $55.00 price objective for the company in a report on Wednesday, September 3rd. Barclays dropped their price objective on Chipotle Mexican Grill from $43.00 to $38.00 and set an “equal weight” rating for the company in a report on Thursday. Guggenheim dropped their price objective on Chipotle Mexican Grill from $47.00 to $46.00 and set a “neutral” rating for the company in a report on Friday, July 25th. Finally, The Goldman Sachs Group reiterated a “buy” rating and issued a $45.00 price objective (down previously from $52.00) on shares of Chipotle Mexican Grill in a report on Thursday. Two analysts have rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating and ten have given a Hold rating to the company’s stock. According to data from MarketBeat.com, Chipotle Mexican Grill currently has a consensus rating of “Moderate Buy” and an average price target of $50.97.

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.