Hudson Valley Investment Advisors Inc. ADV Sells 12,527 Shares of Chipotle Mexican Grill, Inc. $CMG

Hudson Valley Investment Advisors Inc. ADV lowered its holdings in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) by 7.2% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 160,587 shares of the restaurant operator’s stock after selling 12,527 shares during the quarter. Hudson Valley Investment Advisors Inc. ADV’s holdings in Chipotle Mexican Grill were worth $9,017,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also bought and sold shares of CMG. Revolve Wealth Partners LLC lifted its holdings in shares of Chipotle Mexican Grill by 4.7% in the 4th quarter. Revolve Wealth Partners LLC now owns 4,804 shares of the restaurant operator’s stock worth $290,000 after acquiring an additional 214 shares during the last quarter. Bison Wealth LLC bought a new stake in shares of Chipotle Mexican Grill in the 4th quarter worth about $224,000. NBC Securities Inc. lifted its holdings in shares of Chipotle Mexican Grill by 137,000.0% in the 1st quarter. NBC Securities Inc. now owns 1,371 shares of the restaurant operator’s stock worth $68,000 after acquiring an additional 1,370 shares during the last quarter. RFG Advisory LLC lifted its holdings in shares of Chipotle Mexican Grill by 164.2% in the 1st quarter. RFG Advisory LLC now owns 14,985 shares of the restaurant operator’s stock worth $752,000 after acquiring an additional 9,313 shares during the last quarter. Finally, Cypress Wealth Services LLC bought a new stake in shares of Chipotle Mexican Grill in the 1st quarter worth about $269,000. Institutional investors own 91.30% of the company’s stock.

Chipotle Mexican Grill Stock Performance

NYSE CMG opened at $41.78 on Friday. The company has a market capitalization of $56.02 billion, a price-to-earnings ratio of 37.30, a price-to-earnings-growth ratio of 2.05 and a beta of 0.99. The company’s 50-day simple moving average is $41.47 and its two-hundred day simple moving average is $47.94. Chipotle Mexican Grill, Inc. has a one year low of $38.30 and a one year high of $66.74.

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

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on CMG shares. Stifel Nicolaus lowered their target price on shares of Chipotle Mexican Grill from $65.00 to $60.00 and set a “buy” rating for the company in a report on Tuesday, September 9th. Robert W. Baird lowered their target price on shares of Chipotle Mexican Grill from $62.00 to $59.00 and set an “outperform” rating for the company in a report on Thursday, July 24th. Piper Sandler upgraded shares of Chipotle Mexican Grill from a “neutral” rating to an “overweight” rating and decreased their price objective for the company 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 objective on shares of Chipotle Mexican Grill in a report on Monday, September 29th. Finally, Wells Fargo & Company decreased their price objective on shares of Chipotle Mexican Grill from $65.00 to $60.00 and set an “overweight” rating for the company in a report on Thursday, July 24th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating and nine have given a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus 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.