Tritonpoint Wealth LLC Cuts Position in Chipotle Mexican Grill, Inc. $CMG

Tritonpoint Wealth LLC decreased its holdings in Chipotle Mexican Grill, Inc. (NYSE:CMG) by 66.1% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 19,013 shares of the restaurant operator’s stock after selling 37,033 shares during the quarter. Tritonpoint Wealth LLC’s holdings in Chipotle Mexican Grill were worth $703,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of CMG. Capital World Investors increased its position in shares of Chipotle Mexican Grill by 122.7% in the third quarter. Capital World Investors now owns 87,844,788 shares of the restaurant operator’s stock valued at $3,442,645,000 after buying an additional 48,398,628 shares in the last quarter. Capital International Investors lifted its position in shares of Chipotle Mexican Grill by 42.4% during the 3rd quarter. Capital International Investors now owns 38,497,927 shares of the restaurant operator’s stock valued at $1,509,043,000 after buying an additional 11,471,658 shares in the last quarter. BlueSpruce Investments LP grew its stake in Chipotle Mexican Grill by 24,760.7% in the 2nd quarter. BlueSpruce Investments LP now owns 3,930,732 shares of the restaurant operator’s stock valued at $220,711,000 after acquiring an additional 3,914,921 shares during the period. Vanguard Group Inc. grew its stake in Chipotle Mexican Grill by 2.0% in the 3rd quarter. Vanguard Group Inc. now owns 125,927,338 shares of the restaurant operator’s stock valued at $4,935,092,000 after acquiring an additional 2,470,213 shares during the period. Finally, Arrowstreet Capital Limited Partnership increased its holdings in Chipotle Mexican Grill by 24.7% in the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 11,433,637 shares of the restaurant operator’s stock worth $448,084,000 after acquiring an additional 2,265,122 shares in the last quarter. 91.30% of the stock is owned by institutional investors and hedge funds.

Chipotle Mexican Grill Price Performance

Shares of NYSE CMG opened at $33.16 on Friday. The firm has a 50-day simple moving average of $35.92 and a 200-day simple moving average of $36.72. The stock has a market capitalization of $43.19 billion, a price-to-earnings ratio of 29.09, a price-to-earnings-growth ratio of 2.03 and a beta of 1.06. Chipotle Mexican Grill, Inc. has a 52 week low of $29.75 and a 52 week high of $58.42.

Chipotle Mexican Grill (NYSE:CMG) last posted its quarterly earnings results on Tuesday, February 3rd. The restaurant operator reported $0.25 earnings per share for the quarter, topping analysts’ consensus estimates of $0.24 by $0.01. Chipotle Mexican Grill had a net margin of 12.88% and a return on equity of 47.99%. The firm had revenue of $2.98 billion for the quarter, compared to analyst estimates of $2.96 billion. During the same period in the previous year, the business posted $0.25 earnings per share. Chipotle Mexican Grill’s quarterly revenue was up 4.9% on a year-over-year basis. As a group, equities research analysts expect that Chipotle Mexican Grill, Inc. will post 1.29 EPS for the current year.

Analyst Upgrades and Downgrades

Several research firms have issued reports on CMG. Piper Sandler decreased their price objective on shares of Chipotle Mexican Grill from $47.00 to $44.00 and set an “overweight” rating on the stock in a report on Wednesday, February 4th. BTIG Research reaffirmed a “buy” rating and issued a $45.00 price target on shares of Chipotle Mexican Grill in a research note on Wednesday, February 4th. Raymond James Financial lifted their price objective on Chipotle Mexican Grill from $40.00 to $45.00 and gave the stock an “outperform” rating in a report on Wednesday, January 21st. Telsey Advisory Group cut their price objective on Chipotle Mexican Grill from $50.00 to $48.00 and set an “outperform” rating for the company in a research note on Wednesday, February 4th. Finally, Stifel Nicolaus reissued a “buy” rating on shares of Chipotle Mexican Grill in a report on Monday, March 9th. Twenty-four equities research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Chipotle Mexican Grill has a consensus rating of “Moderate Buy” and an average price target of $47.13.

About Chipotle Mexican Grill

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.