Chipotle Mexican Grill, Inc. $CMG Shares Sold by Prasad Wealth Partners LLC

Prasad Wealth Partners LLC trimmed its position in Chipotle Mexican Grill, Inc. (NYSE:CMG) by 8.4% in the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 12,178 shares of the restaurant operator’s stock after selling 1,113 shares during the period. Prasad Wealth Partners LLC’s holdings in Chipotle Mexican Grill were worth $684,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of the company. KLP Kapitalforvaltning AS grew its stake in Chipotle Mexican Grill by 2.8% in the second quarter. KLP Kapitalforvaltning AS now owns 481,100 shares of the restaurant operator’s stock worth $27,014,000 after purchasing an additional 13,200 shares in the last quarter. Comprehensive Financial Consultants Institutional Inc. acquired a new position in Chipotle Mexican Grill in the second quarter worth about $2,038,000. Vantage Investment Partners LLC grew its stake in 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 worth $45,876,000 after purchasing an additional 95,548 shares in the last quarter. Marks Group Wealth Management Inc grew its stake in 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 worth $6,190,000 after purchasing an additional 1,427 shares in the last quarter. Finally, Merit Financial Group LLC grew its stake in 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 worth $3,915,000 after purchasing an additional 10,533 shares in the last quarter. 91.30% of the stock is currently owned by institutional investors and hedge funds.

Chipotle Mexican Grill Trading Down 0.2%

CMG opened at $41.69 on Tuesday. Chipotle Mexican Grill, Inc. has a twelve month low of $38.30 and a twelve month high of $66.74. The stock has a market cap of $55.90 billion, a PE ratio of 37.22, a price-to-earnings-growth ratio of 2.13 and a beta of 0.99. The business’s 50 day moving average is $41.40 and its 200-day moving average is $47.87.

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

Analyst Upgrades and Downgrades

A number of research firms recently commented on CMG. UBS Group lifted their price target on Chipotle Mexican Grill from $60.00 to $65.00 and gave the stock a “buy” rating in a research note on Thursday, July 17th. Guggenheim cut their target price on shares of Chipotle Mexican Grill from $47.00 to $46.00 and set a “neutral” rating on the stock in a report on Friday, July 25th. Melius began coverage on shares of Chipotle Mexican Grill in a report on Monday, July 14th. They issued a “hold” rating and a $60.00 target price on the stock. Rothschild & Co Redburn raised shares of Chipotle Mexican Grill from a “neutral” rating to a “buy” rating and set a $55.00 target price on the stock in a report on Wednesday, September 3rd. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Chipotle Mexican Grill in a report on Saturday, September 27th. Two research analysts have rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating and nine have assigned a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $59.41.

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.