Chipotle Mexican Grill, Inc. $CMG Shares Sold by Mission Wealth Management LP

Mission Wealth Management LP decreased its holdings in Chipotle Mexican Grill, Inc. (NYSE:CMG) by 19.3% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 7,493 shares of the restaurant operator’s stock after selling 1,793 shares during the quarter. Mission Wealth Management LP’s holdings in Chipotle Mexican Grill were worth $421,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Saudi Central Bank acquired a new position in Chipotle Mexican Grill in the first quarter worth approximately $27,000. 1248 Management LLC acquired a new position in Chipotle Mexican Grill in the first quarter worth approximately $27,000. Signature Resources Capital Management LLC acquired a new position in Chipotle Mexican Grill in the second quarter worth approximately $28,000. Oliver Lagore Vanvalin Investment Group acquired a new position in Chipotle Mexican Grill in the second quarter worth approximately $29,000. Finally, Activest Wealth Management grew its position in Chipotle Mexican Grill by 109.3% in the second quarter. Activest Wealth Management now owns 517 shares of the restaurant operator’s stock worth $29,000 after buying an additional 270 shares during the last quarter. Institutional investors and hedge funds own 91.30% of the company’s stock.

Analyst Upgrades and Downgrades

CMG has been the topic of several recent research reports. Melius assumed coverage on shares of Chipotle Mexican Grill in a research report on Monday, July 14th. They issued a “hold” rating and a $60.00 price target on the stock. Sanford C. Bernstein reiterated an “outperform” rating and set a $40.00 price objective (down from $60.00) on shares of Chipotle Mexican Grill in a research report on Thursday, October 30th. Piper Sandler upgraded shares of Chipotle Mexican Grill from a “neutral” rating to an “overweight” rating and lowered their price objective for the stock from $53.00 to $50.00 in a research report on Tuesday, August 12th. Zacks Research cut shares of Chipotle Mexican Grill from a “hold” rating to a “strong sell” rating in a research report on Thursday, October 30th. Finally, Truist Financial lowered their price objective on shares of Chipotle Mexican Grill from $53.00 to $45.00 and set a “buy” rating on the stock in a research report on Thursday, October 30th. Two research analysts have rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating, eleven have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $49.81.

Chipotle Mexican Grill Stock Up 0.7%

Shares of NYSE:CMG opened at $31.74 on Wednesday. The firm has a fifty day moving average of $39.92 and a two-hundred day moving average of $46.41. The firm has a market capitalization of $42.56 billion, a P/E ratio of 28.09, a price-to-earnings-growth ratio of 2.65 and a beta of 0.99. Chipotle Mexican Grill, Inc. has a 12-month low of $31.01 and a 12-month high of $66.74.

Chipotle Mexican Grill (NYSE:CMG) last issued its earnings results on Wednesday, October 29th. The restaurant operator reported $0.29 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.29. The company had revenue of $3 billion during the quarter, compared to analyst estimates of $3.06 billion. Chipotle Mexican Grill had a net margin of 13.04% and a return on equity of 44.32%. The company’s revenue for the quarter was up 7.5% on a year-over-year basis. During the same quarter last year, the business posted $0.27 EPS. Equities research analysts expect 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.