Chipotle Mexican Grill, Inc. $CMG Shares Sold by Spire Wealth Management

Spire Wealth Management lowered its position in Chipotle Mexican Grill, Inc. (NYSE:CMG) by 57.7% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 28,195 shares of the restaurant operator’s stock after selling 38,447 shares during the quarter. Spire Wealth Management’s holdings in Chipotle Mexican Grill were worth $1,583,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of CMG. Arkadios Wealth Advisors raised its stake in shares of Chipotle Mexican Grill by 5.7% in the 2nd quarter. Arkadios Wealth Advisors now owns 37,811 shares of the restaurant operator’s stock valued at $2,123,000 after purchasing an additional 2,045 shares in the last quarter. World Investment Advisors raised its stake in shares of Chipotle Mexican Grill by 4.2% in the 2nd quarter. World Investment Advisors now owns 156,646 shares of the restaurant operator’s stock valued at $8,796,000 after purchasing an additional 6,301 shares in the last quarter. Econ Financial Services Corp raised its stake in shares of Chipotle Mexican Grill by 0.9% in the 2nd quarter. Econ Financial Services Corp now owns 39,216 shares of the restaurant operator’s stock valued at $2,202,000 after purchasing an additional 336 shares in the last quarter. Whalen Wealth Management Inc. acquired a new stake in shares of Chipotle Mexican Grill in the 2nd quarter valued at about $1,062,000. Finally, Motco raised its stake in shares of Chipotle Mexican Grill by 4.9% in the 2nd quarter. Motco now owns 196,756 shares of the restaurant operator’s stock valued at $11,048,000 after purchasing an additional 9,168 shares in the last quarter. Institutional investors own 91.30% of the company’s stock.

Chipotle Mexican Grill Stock Down 2.6%

Shares of NYSE:CMG opened at $31.67 on Friday. Chipotle Mexican Grill, Inc. has a fifty-two week low of $31.01 and a fifty-two week high of $66.74. The firm has a 50-day simple moving average of $40.37 and a 200 day simple moving average of $46.67. The company has a market cap of $42.47 billion, a PE ratio of 28.03, a P/E/G ratio of 2.65 and a beta of 0.99.

Chipotle Mexican Grill (NYSE:CMG) last announced its quarterly earnings data on Wednesday, October 29th. The restaurant operator reported $0.29 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.29. The business had revenue of $3 billion during the quarter, compared to the consensus estimate of $3.06 billion. Chipotle Mexican Grill had a net margin of 13.04% and a return on equity of 44.32%. The company’s revenue for the quarter was up 7.5% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.27 EPS. As a group, research analysts forecast that Chipotle Mexican Grill, Inc. will post 1.29 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

CMG has been the topic of a number of recent analyst reports. Royal Bank Of Canada cut their target price on shares of Chipotle Mexican Grill from $58.00 to $40.00 and set an “outperform” rating on the stock in a research note on Thursday. Robert W. Baird cut their target price on shares of Chipotle Mexican Grill from $59.00 to $49.00 and set an “outperform” rating on the stock in a research note on Friday, October 10th. Northcoast Research lowered shares of Chipotle Mexican Grill from a “buy” rating to a “neutral” rating in a research note on Friday. Sanford C. Bernstein restated an “outperform” rating and issued a $40.00 target price (down previously from $60.00) on shares of Chipotle Mexican Grill in a research note on Thursday. Finally, KeyCorp lowered their price objective on shares of Chipotle Mexican Grill from $52.00 to $45.00 and set an “overweight” rating for the company in a research report on Thursday. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating and eleven have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $49.81.

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.