Souders Financial Advisors Trims Stock Position in Chipotle Mexican Grill, Inc. $CMG

Souders Financial Advisors decreased its holdings in Chipotle Mexican Grill, Inc. (NYSE:CMG) by 20.8% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 10,734 shares of the restaurant operator’s stock after selling 2,819 shares during the quarter. Souders Financial Advisors’ holdings in Chipotle Mexican Grill were worth $603,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Charles Schwab Investment Management Inc. grew its stake in shares of Chipotle Mexican Grill by 5.8% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 8,979,637 shares of the restaurant operator’s stock valued at $450,868,000 after acquiring an additional 491,002 shares during the period. Corient IA LLC bought a new stake in Chipotle Mexican Grill during the 1st quarter worth approximately $753,000. Advisors Asset Management Inc. lifted its holdings in Chipotle Mexican Grill by 32.4% during the first quarter. Advisors Asset Management Inc. now owns 75,368 shares of the restaurant operator’s stock valued at $3,784,000 after purchasing an additional 18,458 shares in the last quarter. Hilltop National Bank bought a new position in shares of Chipotle Mexican Grill in the second quarter worth approximately $2,579,000. Finally, Banco Santander S.A. boosted its position in shares of Chipotle Mexican Grill by 47.6% in the first quarter. Banco Santander S.A. now owns 31,764 shares of the restaurant operator’s stock worth $1,595,000 after purchasing an additional 10,246 shares during the period. 91.30% of the stock is owned by hedge funds and other institutional investors.

Chipotle Mexican Grill Trading Down 4.3%

Shares of NYSE CMG opened at $30.58 on Friday. Chipotle Mexican Grill, Inc. has a 12-month low of $30.48 and a 12-month high of $66.74. The firm’s 50-day moving average price is $39.47 and its 200-day moving average price is $46.20. The stock has a market capitalization of $41.00 billion, a price-to-earnings ratio of 27.06, a P/E/G ratio of 2.65 and a beta of 0.98.

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

Analyst Ratings Changes

A number of research analysts recently weighed in on CMG shares. Zacks Research cut shares of Chipotle Mexican Grill from a “hold” rating to a “strong sell” rating in a research note on Thursday, October 30th. Melius initiated coverage on Chipotle Mexican Grill in a research report on Monday, July 14th. They issued a “hold” rating and a $60.00 price objective on the stock. Stifel Nicolaus dropped their price objective on Chipotle Mexican Grill from $65.00 to $60.00 and set a “buy” rating for the company in a research note on Tuesday, September 9th. Guggenheim decreased their target price on Chipotle Mexican Grill from $47.00 to $46.00 and set a “neutral” rating on the stock in a research note on Friday, July 25th. Finally, Stephens lowered their price target on Chipotle Mexican Grill from $48.00 to $35.00 and set an “equal weight” rating on the stock 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 given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, Chipotle Mexican Grill currently has an average rating of “Moderate Buy” and a consensus 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.