Peloton Wealth Strategists Sells 40,115 Shares of Chipotle Mexican Grill, Inc. $CMG

Peloton Wealth Strategists cut its holdings in Chipotle Mexican Grill, Inc. (NYSE:CMG) by 70.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 17,000 shares of the restaurant operator’s stock after selling 40,115 shares during the quarter. Peloton Wealth Strategists’ holdings in Chipotle Mexican Grill were worth $629,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the business. Vanguard Group Inc. lifted its stake in shares of Chipotle Mexican Grill by 14.8% in the 4th quarter. Vanguard Group Inc. now owns 144,588,220 shares of the restaurant operator’s stock valued at $5,349,764,000 after purchasing an additional 18,660,882 shares during the period. Capital World Investors grew its stake in shares of Chipotle Mexican Grill by 15.8% during the fourth quarter. Capital World Investors now owns 101,688,010 shares of the restaurant operator’s stock worth $3,762,457,000 after purchasing an additional 13,843,222 shares during the period. Capital International Investors grew its stake in shares of Chipotle Mexican Grill by 17.7% during the fourth quarter. Capital International Investors now owns 45,294,212 shares of the restaurant operator’s stock worth $1,675,895,000 after purchasing an additional 6,796,285 shares during the period. Norges Bank bought a new stake in Chipotle Mexican Grill in the fourth quarter valued at about $711,837,000. Finally, Clearbridge Investments LLC lifted its stake in Chipotle Mexican Grill by 206.4% in the fourth quarter. Clearbridge Investments LLC now owns 14,062,158 shares of the restaurant operator’s stock valued at $520,300,000 after buying an additional 9,473,120 shares during the period. Institutional investors and hedge funds own 91.30% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have issued reports on CMG shares. Stifel Nicolaus restated a “buy” rating on shares of Chipotle Mexican Grill in a report on Monday, March 9th. Guggenheim lowered their price target on Chipotle Mexican Grill from $36.00 to $35.00 and set a “neutral” rating for the company in a research note on Friday, May 1st. Weiss Ratings downgraded shares of Chipotle Mexican Grill from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Wednesday, May 20th. Piper Sandler reduced their price objective on shares of Chipotle Mexican Grill from $44.00 to $42.00 and set an “overweight” rating on the stock in a research note on Thursday, April 30th. Finally, TD Cowen restated a “buy” rating and set a $44.00 price objective on shares of Chipotle Mexican Grill in a report on Thursday, April 30th. Twenty-four research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, Chipotle Mexican Grill currently has a consensus rating of “Moderate Buy” and an average target price of $45.48.

Chipotle Mexican Grill Trading Down 0.2%

Shares of NYSE CMG opened at $32.66 on Wednesday. The company has a fifty day moving average price of $32.73 and a 200 day moving average price of $35.20. The firm has a market cap of $41.90 billion, a PE ratio of 29.97, a PEG ratio of 2.11 and a beta of 0.99. Chipotle Mexican Grill, Inc. has a 1-year low of $28.03 and a 1-year high of $58.42.

Chipotle Mexican Grill (NYSE:CMG) last released its quarterly earnings results on Wednesday, April 29th. The restaurant operator reported $0.24 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.24. The firm had revenue of $3.09 billion for the quarter, compared to the consensus estimate of $3.07 billion. Chipotle Mexican Grill had a return on equity of 49.64% and a net margin of 11.96%.The company’s revenue for the quarter was up 7.4% on a year-over-year basis. During the same quarter last year, the business posted $0.29 EPS. Equities research analysts forecast that Chipotle Mexican Grill, Inc. will post 1.13 EPS for the current year.

Chipotle Mexican Grill Profile

Chipotle Mexican Grill is a fast-casual restaurant company known for its Mexican-inspired menu of burritos, bowls, tacos and salads. Founded in 1993 by Steve Ells, the chain emphasizes fresh, customizable meals made from a limited menu of core ingredients and a focus on ingredient quality. Chipotle operates primarily company-owned restaurants and offers dine-in, takeout, catering and delivery through its own digital platforms and third-party partners.

The company is headquartered in Newport Beach, California, and traces its roots to Denver, Colorado.