RWA Wealth Partners LLC Trims Holdings in Chipotle Mexican Grill, Inc. $CMG

RWA Wealth Partners LLC lowered its holdings in Chipotle Mexican Grill, Inc. (NYSE:CMG) by 77.6% in the 2nd quarter, according to the company in its most recent filing with the SEC. The firm owned 25,925 shares of the restaurant operator’s stock after selling 89,709 shares during the quarter. RWA Wealth Partners LLC’s holdings in Chipotle Mexican Grill were worth $1,456,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. True Wealth Design LLC raised its holdings in shares of Chipotle Mexican Grill by 48.7% during the second quarter. True Wealth Design LLC now owns 922 shares of the restaurant operator’s stock valued at $52,000 after acquiring an additional 302 shares in the last quarter. AE Wealth Management LLC raised its holdings in Chipotle Mexican Grill by 5.3% in the 2nd quarter. AE Wealth Management LLC now owns 15,771 shares of the restaurant operator’s stock worth $885,000 after purchasing an additional 796 shares in the last quarter. Bryn Mawr Trust Advisors LLC purchased a new stake in shares of Chipotle Mexican Grill in the 2nd quarter worth about $457,000. Savant Capital LLC lifted its position in shares of Chipotle Mexican Grill by 50.4% in the 2nd quarter. Savant Capital LLC now owns 83,927 shares of the restaurant operator’s stock worth $4,713,000 after purchasing an additional 28,128 shares during the period. Finally, Sienna Gestion boosted its stake in shares of Chipotle Mexican Grill by 11.0% during the 2nd quarter. Sienna Gestion now owns 144,233 shares of the restaurant operator’s stock valued at $7,394,000 after purchasing an additional 14,338 shares in the last quarter. 91.30% of the stock is currently owned by institutional investors.

Chipotle Mexican Grill Stock Up 0.0%

Shares of CMG opened at $30.56 on Monday. The company has a market capitalization of $40.41 billion, a P/E ratio of 27.05, a price-to-earnings-growth ratio of 2.65 and a beta of 0.98. The firm has a 50 day moving average of $39.24 and a 200 day moving average of $46.06. Chipotle Mexican Grill, Inc. has a twelve month low of $30.02 and a twelve month high of $66.74.

Chipotle Mexican Grill (NYSE:CMG) last released its quarterly earnings data on Wednesday, October 29th. The restaurant operator reported $0.29 earnings per share (EPS) for the quarter, meeting 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 business had revenue of $3 billion for the quarter, compared to analysts’ expectations of $3.06 billion. During the same period in the prior year, the firm posted $0.27 EPS. The firm’s quarterly revenue was up 7.5% on a year-over-year basis. On average, sell-side analysts expect that Chipotle Mexican Grill, Inc. will post 1.29 EPS for the current year.

Wall Street Analysts Forecast Growth

CMG has been the subject of a number of research reports. Piper Sandler raised shares of Chipotle Mexican Grill from a “neutral” rating to an “overweight” rating and decreased their price target for the stock from $53.00 to $50.00 in a research note on Tuesday, August 12th. Royal Bank Of Canada decreased their target price on Chipotle Mexican Grill from $58.00 to $40.00 and set an “outperform” rating for the company in a research report on Thursday, October 30th. The Goldman Sachs Group restated a “buy” rating and issued a $45.00 target price (down previously from $52.00) on shares of Chipotle Mexican Grill in a research note on Thursday, October 30th. Barclays reduced their price target on Chipotle Mexican Grill from $43.00 to $38.00 and set an “equal weight” rating on the stock in a research note on Thursday, October 30th. Finally, Mizuho set a $34.00 price objective on Chipotle Mexican Grill in a report on Thursday, October 30th. Two 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 presently has a consensus rating of “Moderate Buy” and an average target price of $49.81.

About Chipotle Mexican Grill

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.