Chipotle Mexican Grill, Inc. $CMG Shares Sold by Thrivent Financial for Lutherans

Thrivent Financial for Lutherans reduced its stake in Chipotle Mexican Grill, Inc. (NYSE:CMG) by 29.7% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 260,510 shares of the restaurant operator’s stock after selling 109,865 shares during the period. Thrivent Financial for Lutherans’ holdings in Chipotle Mexican Grill were worth $14,619,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of CMG. Operose Advisors LLC purchased a new stake in shares of Chipotle Mexican Grill in the 2nd quarter valued at approximately $25,000. Signature Resources Capital Management LLC acquired a new position in Chipotle Mexican Grill during the second quarter worth $28,000. Lavaca Capital LLC purchased a new position in shares of Chipotle Mexican Grill during the second quarter worth $28,000. Activest Wealth Management grew its stake in shares of Chipotle Mexican Grill by 109.3% in the second quarter. Activest Wealth Management now owns 517 shares of the restaurant operator’s stock valued at $29,000 after buying an additional 270 shares in the last quarter. Finally, Oliver Lagore Vanvalin Investment Group acquired a new stake in shares of Chipotle Mexican Grill in the second quarter valued at $29,000. Hedge funds and other institutional investors own 91.30% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the company. Stifel Nicolaus decreased their target price on Chipotle Mexican Grill from $65.00 to $60.00 and set a “buy” rating on the stock in a research note on Tuesday, September 9th. KeyCorp reduced their price target on shares of Chipotle Mexican Grill from $52.00 to $45.00 and set an “overweight” rating on the stock in a research report on Thursday, October 30th. Royal Bank Of Canada dropped their price objective on shares of Chipotle Mexican Grill from $58.00 to $40.00 and set an “outperform” rating for the company in a report on Thursday, October 30th. Barclays reduced their target price on shares of Chipotle Mexican Grill from $43.00 to $38.00 and set an “equal weight” rating on the stock in a report on Thursday, October 30th. Finally, Truist Financial decreased their price target on shares of Chipotle Mexican Grill from $53.00 to $45.00 and set a “buy” rating for the company in a research report on Thursday, October 30th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-two have given a Buy rating, eleven have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $49.81.

Chipotle Mexican Grill Stock Down 0.8%

Shares of NYSE:CMG opened at $35.67 on Wednesday. Chipotle Mexican Grill, Inc. has a fifty-two week low of $29.75 and a fifty-two week high of $64.87. The firm’s 50 day moving average price is $35.41 and its 200 day moving average price is $42.65. The stock has a market cap of $47.16 billion, a price-to-earnings ratio of 31.56, a price-to-earnings-growth ratio of 3.67 and a beta of 0.99.

Chipotle Mexican Grill (NYSE:CMG) last posted its quarterly earnings results on Wednesday, October 29th. The restaurant operator reported $0.29 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.29. The company had revenue of $3 billion for the quarter, compared to analysts’ expectations of $3.06 billion. Chipotle Mexican Grill had a return on equity of 45.39% and a net margin of 13.04%.Chipotle Mexican Grill’s quarterly revenue was up 7.5% on a year-over-year basis. During the same period last year, the firm earned $0.27 earnings per share. On average, equities analysts anticipate that Chipotle Mexican Grill, Inc. will post 1.29 EPS for the current year.

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.