Cypress Wealth Services LLC Has $320,000 Stock Holdings in Chipotle Mexican Grill, Inc. $CMG

Cypress Wealth Services LLC boosted its stake in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) by 6.3% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 5,701 shares of the restaurant operator’s stock after purchasing an additional 336 shares during the period. Cypress Wealth Services LLC’s holdings in Chipotle Mexican Grill were worth $320,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of CMG. Revolve Wealth Partners LLC boosted its position in Chipotle Mexican Grill by 4.7% during the fourth quarter. Revolve Wealth Partners LLC now owns 4,804 shares of the restaurant operator’s stock valued at $290,000 after purchasing an additional 214 shares during the last quarter. Bison Wealth LLC bought a new position in Chipotle Mexican Grill during the fourth quarter worth about $224,000. Wealth Enhancement Advisory Services LLC grew its holdings in Chipotle Mexican Grill by 13.8% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 373,432 shares of the restaurant operator’s stock worth $18,750,000 after purchasing an additional 45,296 shares during the period. Dynamic Advisor Solutions LLC grew its holdings in Chipotle Mexican Grill by 11.7% during the first quarter. Dynamic Advisor Solutions LLC now owns 15,394 shares of the restaurant operator’s stock worth $773,000 after purchasing an additional 1,614 shares during the period. Finally, Ritholtz Wealth Management grew its holdings in Chipotle Mexican Grill by 20.1% during the first quarter. Ritholtz Wealth Management now owns 9,934 shares of the restaurant operator’s stock worth $499,000 after purchasing an additional 1,660 shares during the period. 91.30% of the stock is owned by institutional investors and hedge funds.

Chipotle Mexican Grill Trading Up 2.9%

Shares of CMG stock opened at $42.08 on Wednesday. The stock has a market cap of $56.42 billion, a P/E ratio of 37.57, a price-to-earnings-growth ratio of 2.46 and a beta of 0.99. The stock has a 50 day simple moving average of $41.14 and a 200 day simple moving average of $47.51. Chipotle Mexican Grill, Inc. has a 1 year low of $38.30 and a 1 year high of $66.74.

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

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the company. Robert W. Baird reduced their price target on Chipotle Mexican Grill from $59.00 to $49.00 and set an “outperform” rating for the company in a report on Friday, October 10th. Piper Sandler upgraded Chipotle Mexican Grill from a “neutral” rating to an “overweight” rating and reduced their price target for the stock from $53.00 to $50.00 in a report on Tuesday, August 12th. Stephens reiterated an “equal weight” rating and set a $60.00 price target on shares of Chipotle Mexican Grill in a report on Monday, September 29th. Barclays reduced their price target on Chipotle Mexican Grill from $55.00 to $53.00 and set an “equal weight” rating for the company in a report on Thursday, July 24th. Finally, Jefferies Financial Group reduced their price objective on Chipotle Mexican Grill from $48.00 to $44.00 and set a “hold” rating for the company in a report on Monday. Two 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 company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $58.07.

Chipotle Mexican Grill Company 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.