Bensler LLC Sells 50,107 Shares of Chipotle Mexican Grill, Inc. $CMG

Bensler LLC reduced its position in Chipotle Mexican Grill, Inc. (NYSE:CMG) by 79.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 12,717 shares of the restaurant operator’s stock after selling 50,107 shares during the quarter. Bensler LLC’s holdings in Chipotle Mexican Grill were worth $471,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Wealth Watch Advisors INC bought a new stake in shares of Chipotle Mexican Grill in the third quarter valued at about $25,000. Financial Life Planners purchased a new position in Chipotle Mexican Grill in the third quarter valued at about $25,000. Steigerwald Gordon & Koch Inc. purchased a new position in Chipotle Mexican Grill in the third quarter valued at about $29,000. Murphy & Mullick Capital Management Corp grew its stake in Chipotle Mexican Grill by 106.7% in the third quarter. Murphy & Mullick Capital Management Corp now owns 775 shares of the restaurant operator’s stock valued at $30,000 after purchasing an additional 400 shares during the last quarter. Finally, Winthrop Capital Management LLC purchased a new position in Chipotle Mexican Grill in the third quarter valued at about $31,000. 91.30% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on the company. Barclays cut their target price on Chipotle Mexican Grill from $40.00 to $38.00 and set an “equal weight” rating on the stock in a research note on Thursday, April 30th. Stifel Nicolaus reiterated a “buy” rating on shares of Chipotle Mexican Grill in a research note on Monday, March 9th. Wall Street Zen upgraded Chipotle Mexican Grill from a “sell” rating to a “hold” rating in a research note on Saturday, March 7th. Wells Fargo & Company cut their target price on Chipotle Mexican Grill from $50.00 to $45.00 and set an “overweight” rating on the stock in a research note on Wednesday, February 4th. Finally, Argus upgraded Chipotle Mexican Grill from a “hold” rating to a “buy” rating and set a $40.00 target price on the stock in a research note on Tuesday, May 5th. Twenty-four analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Chipotle Mexican Grill has an average rating of “Moderate Buy” and a consensus price target of $46.03.

Chipotle Mexican Grill Stock Performance

Shares of CMG stock opened at $32.43 on Friday. Chipotle Mexican Grill, Inc. has a fifty-two week low of $29.75 and a fifty-two week high of $58.42. The firm has a market capitalization of $41.60 billion, a price-to-earnings ratio of 29.75, a PEG ratio of 2.09 and a beta of 1.03. The stock’s 50-day simple moving average is $34.13 and its 200-day simple moving average is $35.71.

Chipotle Mexican Grill (NYSE:CMG) last issued its quarterly earnings results on Wednesday, April 29th. The restaurant operator reported $0.24 earnings per share for the quarter, hitting 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 business had revenue of $3.09 billion for the quarter, compared to analyst estimates of $3.07 billion. During the same quarter in the previous year, the firm earned $0.29 earnings per share. The company’s revenue was up 7.4% on a year-over-year basis. As a group, equities analysts forecast that Chipotle Mexican Grill, Inc. will post 1.13 earnings per share 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.