CFM Wealth Partners LLC Sells 2,246 Shares of Chipotle Mexican Grill, Inc. $CMG

CFM Wealth Partners LLC decreased its position in Chipotle Mexican Grill, Inc. (NYSE:CMG) by 2.4% during the 2nd quarter, according to its most recent filing with the SEC. The institutional investor owned 92,282 shares of the restaurant operator’s stock after selling 2,246 shares during the period. CFM Wealth Partners LLC’s holdings in Chipotle Mexican Grill were worth $5,182,000 as of its most recent filing with the SEC.

Other institutional investors have also recently bought and sold shares of the company. Cloud Capital Management LLC bought a new stake in Chipotle Mexican Grill in the 1st quarter valued at approximately $25,000. Saudi Central Bank acquired a new position in shares of Chipotle Mexican Grill during the 1st quarter worth approximately $27,000. 1248 Management LLC acquired a new position in shares of Chipotle Mexican Grill during the 1st quarter worth approximately $27,000. Signature Resources Capital Management LLC acquired a new position in shares of Chipotle Mexican Grill during the 2nd quarter worth approximately $28,000. Finally, HighMark Wealth Management LLC grew its holdings in Chipotle Mexican Grill by 173.4% in the 1st quarter. HighMark Wealth Management LLC now owns 585 shares of the restaurant operator’s stock valued at $29,000 after buying an additional 371 shares in the last quarter. Institutional investors own 91.30% of the company’s stock.

Chipotle Mexican Grill Stock Performance

Shares of Chipotle Mexican Grill stock opened at $41.69 on Tuesday. Chipotle Mexican Grill, Inc. has a 52 week low of $38.30 and a 52 week high of $66.74. The stock has a 50 day moving average price of $41.40 and a two-hundred day moving average price of $47.87. The stock has a market capitalization of $55.90 billion, a PE ratio of 37.22, a price-to-earnings-growth ratio of 2.13 and a beta of 0.99.

Chipotle Mexican Grill (NYSE:CMG) last announced its quarterly earnings data on Wednesday, July 23rd. The restaurant operator reported $0.33 EPS for the quarter, beating analysts’ consensus estimates of $0.32 by $0.01. Chipotle Mexican Grill had a return on equity of 43.50% and a net margin of 13.32%.The firm had revenue of $3.06 billion during the quarter, compared to analysts’ expectations of $3.11 billion. During the same quarter last year, the firm posted $0.34 earnings per share. The company’s revenue for the quarter was up 3.0% compared to the same quarter last year. Research analysts forecast that Chipotle Mexican Grill, Inc. will post 1.29 EPS for the current year.

Wall Street Analyst Weigh In

A number of research analysts have commented on CMG shares. Wells Fargo & Company decreased their price objective on Chipotle Mexican Grill from $65.00 to $60.00 and set an “overweight” rating on the stock in a report on Thursday, July 24th. BTIG Research restated a “buy” rating and set a $57.00 price objective on shares of Chipotle Mexican Grill in a research report on Friday, September 5th. Rothschild Redb raised Chipotle Mexican Grill from a “hold” rating to a “strong-buy” rating in a report on Wednesday, September 3rd. Barclays lowered their price objective on Chipotle Mexican Grill from $55.00 to $53.00 and set an “equal weight” rating for the company in a research report on Thursday, July 24th. Finally, Rothschild & Co Redburn raised Chipotle Mexican Grill from a “neutral” rating to a “buy” rating and set a $55.00 target price for the company in a research note on Wednesday, September 3rd. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating and nine have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $59.41.

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.