Chipotle Mexican Grill, Inc. $CMG Holdings Decreased by Arete Wealth Advisors LLC

Arete Wealth Advisors LLC trimmed its holdings in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) by 24.0% during the 1st quarter, Holdings Channel reports. The institutional investor owned 7,246 shares of the restaurant operator’s stock after selling 2,288 shares during the period. Arete Wealth Advisors LLC’s holdings in Chipotle Mexican Grill were worth $364,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Cloud Capital Management LLC acquired a new position in shares of Chipotle Mexican Grill in the 1st quarter valued at about $25,000. Saudi Central Bank purchased a new position in Chipotle Mexican Grill during the first quarter valued at approximately $27,000. HighMark Wealth Management LLC increased its stake 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 during the period. North Capital Inc. purchased a new stake in Chipotle Mexican Grill in the 1st quarter worth approximately $30,000. Finally, ORG Wealth Partners LLC acquired a new stake in shares of Chipotle Mexican Grill during the 1st quarter valued at $31,000. 91.30% of the stock is currently owned by institutional investors and hedge funds.

Chipotle Mexican Grill Stock Performance

Shares of NYSE CMG opened at $38.73 on Thursday. The business’s 50-day simple moving average is $46.28 and its 200-day simple moving average is $49.31. Chipotle Mexican Grill, Inc. has a 52 week low of $38.50 and a 52 week high of $66.74. The firm has a market cap of $51.93 billion, a price-to-earnings ratio of 34.58, a P/E/G ratio of 2.01 and a beta of 1.02.

Chipotle Mexican Grill (NYSE:CMG) last posted its earnings results on Wednesday, July 23rd. The restaurant operator reported $0.33 earnings per share for the quarter, topping the consensus estimate 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 analyst estimates of $3.11 billion. During the same period in the previous year, the company earned $0.34 EPS. The company’s revenue for the quarter was up 3.0% on a year-over-year basis. As a group, equities research analysts forecast that Chipotle Mexican Grill, Inc. will post 1.29 earnings per share for the current year.

Analyst Ratings Changes

A number of research firms have recently weighed in on CMG. Guggenheim dropped their price target on shares of 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. Wells Fargo & Company dropped their target price on Chipotle Mexican Grill from $65.00 to $60.00 and set an “overweight” rating on the stock in a research report on Thursday, July 24th. Robert W. Baird cut their price target on Chipotle Mexican Grill from $62.00 to $59.00 and set an “outperform” rating for the company in a research note on Thursday, July 24th. Stifel Nicolaus lowered their price target on Chipotle Mexican Grill from $65.00 to $60.00 and set a “buy” rating for the company in a research note on Tuesday. Finally, Citigroup cut their price objective on shares of Chipotle Mexican Grill from $68.00 to $62.00 and set a “buy” rating on the stock in a research report on Thursday, July 24th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-one have given a Buy rating and eight have issued a Hold rating to the stock. According to MarketBeat, Chipotle Mexican Grill has an average rating of “Moderate Buy” and a consensus price target of $59.76.

Chipotle Mexican Grill Profile

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.