CFM Wealth Partners LLC Sells 2,246 Shares of Chipotle Mexican Grill, Inc. $CMG

CFM Wealth Partners LLC lessened its stake in Chipotle Mexican Grill, Inc. (NYSE:CMG) by 2.4% during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 92,282 shares of the restaurant operator’s stock after selling 2,246 shares during the quarter. CFM Wealth Partners LLC’s holdings in Chipotle Mexican Grill were worth $5,182,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the stock. KLP Kapitalforvaltning AS lifted its holdings in shares of Chipotle Mexican Grill by 2.8% in the second quarter. KLP Kapitalforvaltning AS now owns 481,100 shares of the restaurant operator’s stock valued at $27,014,000 after purchasing an additional 13,200 shares in the last quarter. Comprehensive Financial Consultants Institutional Inc. bought a new position in shares of Chipotle Mexican Grill in the second quarter valued at approximately $2,038,000. Vantage Investment Partners LLC lifted its holdings in shares of Chipotle Mexican Grill by 13.2% in the second quarter. Vantage Investment Partners LLC now owns 817,032 shares of the restaurant operator’s stock valued at $45,876,000 after purchasing an additional 95,548 shares in the last quarter. Marks Group Wealth Management Inc lifted its holdings in shares of Chipotle Mexican Grill by 1.3% in the second quarter. Marks Group Wealth Management Inc now owns 110,241 shares of the restaurant operator’s stock valued at $6,190,000 after purchasing an additional 1,427 shares in the last quarter. Finally, Merit Financial Group LLC lifted its holdings in shares of Chipotle Mexican Grill by 17.8% in the second quarter. Merit Financial Group LLC now owns 69,727 shares of the restaurant operator’s stock valued at $3,915,000 after purchasing an additional 10,533 shares in the last quarter. Institutional investors own 91.30% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently commented on the company. Barclays dropped their price target 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. KeyCorp dropped their price target on Chipotle Mexican Grill from $60.00 to $58.00 and set an “overweight” rating on the stock in a report on Thursday, July 24th. Piper Sandler upgraded Chipotle Mexican Grill from a “neutral” rating to an “overweight” rating and dropped their price target for the stock from $53.00 to $50.00 in a report on Tuesday, August 12th. Robert W. Baird dropped their price target on Chipotle Mexican Grill from $62.00 to $59.00 and set an “outperform” rating on the stock in a report on Thursday, July 24th. Finally, Stifel Nicolaus dropped their price target on Chipotle Mexican Grill from $65.00 to $60.00 and set a “buy” rating on the stock in a report on Tuesday, September 9th. Two research analysts have rated the stock with a Strong Buy rating, twenty-one have given a Buy rating and nine have issued a Hold rating to the stock. According to data from MarketBeat, Chipotle Mexican Grill presently has a consensus rating of “Moderate Buy” and a consensus price target of $59.41.

Chipotle Mexican Grill Price Performance

Shares of CMG opened at $41.69 on Tuesday. The firm has a market cap of $55.90 billion, a PE ratio of 37.22, a PEG ratio of 2.13 and a beta of 0.99. The stock’s fifty day moving average price is $41.40 and its two-hundred day moving average price is $47.87. 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 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 firm had revenue of $3.06 billion for the quarter, compared to analyst estimates of $3.11 billion. Chipotle Mexican Grill had a return on equity of 43.50% and a net margin of 13.32%.The business’s revenue was up 3.0% on a year-over-year basis. During the same period in the previous year, the company posted $0.34 earnings per share. Sell-side analysts anticipate that Chipotle Mexican Grill, Inc. will post 1.29 earnings per share for the current fiscal year.

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.