Chipotle Mexican Grill, Inc. $CMG Shares Sold by Marks Group Wealth Management Inc

Marks Group Wealth Management Inc trimmed its holdings in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) by 90.8% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 9,740 shares of the restaurant operator’s stock after selling 95,981 shares during the period. Marks Group Wealth Management Inc’s holdings in Chipotle Mexican Grill were worth $360,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Financial Life Planners acquired a new position in Chipotle Mexican Grill in the 3rd quarter valued at $25,000. Wealth Watch Advisors INC acquired a new stake in shares of Chipotle Mexican Grill in the 3rd quarter worth $25,000. Murphy & Mullick Capital Management Corp increased its stake in shares of Chipotle Mexican Grill by 106.7% in the 3rd quarter. Murphy & Mullick Capital Management Corp now owns 775 shares of the restaurant operator’s stock worth $30,000 after acquiring an additional 400 shares during the last quarter. Winthrop Capital Management LLC acquired a new stake in shares of Chipotle Mexican Grill in the 3rd quarter worth $31,000. Finally, Ameriflex Group Inc. increased its stake in shares of Chipotle Mexican Grill by 109.4% in the 3rd quarter. Ameriflex Group Inc. now owns 890 shares of the restaurant operator’s stock worth $35,000 after acquiring an additional 465 shares during the last quarter. 91.30% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on CMG. Citigroup increased their price target on Chipotle Mexican Grill from $44.00 to $46.00 and gave the stock a “buy” rating in a report on Thursday, April 30th. Stifel Nicolaus reiterated a “buy” rating on shares of Chipotle Mexican Grill in a research note on Monday, March 9th. Argus upgraded Chipotle Mexican Grill from a “hold” rating to a “buy” rating and set a $40.00 price objective for the company in a research note on Tuesday, May 5th. Wall Street Zen raised Chipotle Mexican Grill from a “sell” rating to a “hold” rating in a research report on Saturday, March 7th. Finally, BNP Paribas Exane raised their target price on Chipotle Mexican Grill from $37.00 to $39.00 and gave the stock a “neutral” rating in a research report on Thursday, April 30th. Twenty-four equities research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Chipotle Mexican Grill currently has an average rating of “Moderate Buy” and an average price target of $45.48.

Key Chipotle Mexican Grill News

Here are the key news stories impacting Chipotle Mexican Grill this week:

• Positive Sentiment: Chipotle launched its first-ever Matchday BOGO promotion for fans wearing soccer jerseys in the U.S., Canada and U.K., along with a limited-edition jersey and Rewards badge, which may help drive customer visits and brand engagement. Article Title
• Positive Sentiment: Chipotle’s ongoing loyalty and community efforts, including fundraising tied to “No Kid Hungry,” reinforce the brand and may support customer goodwill. Article Title
• Neutral Sentiment: Some commentary suggests CMG may be a “hold” after its recent slump, indicating investors are waiting for clearer signs of a turnaround. Article Title
• Neutral Sentiment: Articles focused on Chipotle’s valuation and recent share-performance softness highlight fading momentum and weaker year-to-date returns, keeping investor sentiment cautious. Article Title
• Negative Sentiment: Bearish takes arguing that CMG is too expensive given weak comps growth and macro headwinds add pressure to the stock. Article Title
• Negative Sentiment: Another Seeking Alpha piece argued the recent plunge still hasn’t made Chipotle attractive enough, reinforcing concerns that the shares remain under pressure. Article Title

Chipotle Mexican Grill Price Performance

Chipotle Mexican Grill stock opened at $29.87 on Wednesday. Chipotle Mexican Grill, Inc. has a 1-year low of $28.03 and a 1-year high of $58.42. The company has a market cap of $38.31 billion, a PE ratio of 27.40, a price-to-earnings-growth ratio of 1.88 and a beta of 0.99. The stock’s 50 day moving average price is $32.79 and its 200 day moving average price is $35.21.

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

Chipotle Mexican Grill Company 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.