SageView Advisory Group LLC Has $451,000 Stock Position in Chipotle Mexican Grill, Inc. $CMG

SageView Advisory Group LLC trimmed its position in Chipotle Mexican Grill, Inc. (NYSE:CMG) by 11.0% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 8,977 shares of the restaurant operator’s stock after selling 1,108 shares during the quarter. SageView Advisory Group LLC’s holdings in Chipotle Mexican Grill were worth $451,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Revolve Wealth Partners LLC increased its position in Chipotle Mexican Grill by 4.7% in the fourth quarter. Revolve Wealth Partners LLC now owns 4,804 shares of the restaurant operator’s stock worth $290,000 after purchasing an additional 214 shares during the period. Csenge Advisory Group increased its position in Chipotle Mexican Grill by 5.0% in the first quarter. Csenge Advisory Group now owns 4,603 shares of the restaurant operator’s stock worth $222,000 after purchasing an additional 220 shares during the period. Money Concepts Capital Corp increased its position in Chipotle Mexican Grill by 3.0% in the first quarter. Money Concepts Capital Corp now owns 7,491 shares of the restaurant operator’s stock worth $376,000 after purchasing an additional 221 shares during the period. Northwest Bank & Trust Co increased its position in Chipotle Mexican Grill by 0.5% in the fourth quarter. Northwest Bank & Trust Co now owns 45,324 shares of the restaurant operator’s stock worth $2,788,000 after purchasing an additional 236 shares during the period. Finally, Covestor Ltd increased its position in Chipotle Mexican Grill by 5.3% in the first quarter. Covestor Ltd now owns 4,782 shares of the restaurant operator’s stock worth $240,000 after purchasing an additional 242 shares during the period. 91.30% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

CMG has been the topic of a number of recent analyst reports. Redburn Atlantic initiated coverage on Chipotle Mexican Grill in a report on Tuesday, June 10th. They set a “neutral” rating and a $55.00 target price on the stock. Citigroup reduced their target price on Chipotle Mexican Grill from $68.00 to $62.00 and set a “buy” rating on the stock in a report on Thursday, July 24th. Stifel Nicolaus reduced their target price on Chipotle Mexican Grill from $65.00 to $60.00 and set a “buy” rating on the stock in a report on Tuesday. Stephens restated an “equal weight” rating and set a $60.00 target price on shares of Chipotle Mexican Grill in a report on Thursday. Finally, Barclays reduced their target price on Chipotle Mexican Grill from $55.00 to $53.00 and set an “equal weight” rating on the stock in a report on Thursday, July 24th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating and eight have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $59.76.

Chipotle Mexican Grill Stock Performance

Shares of CMG opened at $38.93 on Friday. The stock has a 50 day simple moving average of $45.91 and a 200 day simple moving average of $49.23. Chipotle Mexican Grill, Inc. has a 52-week low of $38.30 and a 52-week high of $66.74. The firm has a market capitalization of $52.20 billion, a PE ratio of 34.76, a P/E/G ratio of 1.97 and a beta of 1.02.

Chipotle Mexican Grill (NYSE:CMG) last released its earnings results on Wednesday, July 23rd. The restaurant operator reported $0.33 EPS for the quarter, beating 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 for the quarter, compared to analysts’ expectations of $3.11 billion. During the same quarter in the previous year, the business posted $0.34 EPS. The business’s quarterly revenue was up 3.0% compared to the same quarter last year. Equities research analysts predict that Chipotle Mexican Grill, Inc. will post 1.29 EPS for the current fiscal year.

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.