U.S. Capital Wealth Advisors LLC Cuts Stock Holdings in Chipotle Mexican Grill, Inc. $CMG

U.S. Capital Wealth Advisors LLC reduced its stake in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) by 88.4% during the fourth quarter, Holdings Channel reports. The institutional investor owned 5,713 shares of the restaurant operator’s stock after selling 43,493 shares during the quarter. U.S. Capital Wealth Advisors LLC’s holdings in Chipotle Mexican Grill were worth $211,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of the stock. Revolve Wealth Partners LLC boosted its holdings in Chipotle Mexican Grill by 4.7% during the 4th quarter. Revolve Wealth Partners LLC now owns 4,804 shares of the restaurant operator’s stock valued at $290,000 after acquiring an additional 214 shares during the period. Trueblood Wealth Management LLC grew its position in Chipotle Mexican Grill by 4.6% during the 3rd quarter. Trueblood Wealth Management LLC now owns 5,703 shares of the restaurant operator’s stock worth $224,000 after acquiring an additional 253 shares during the last quarter. Centurion Wealth Management LLC increased its stake in Chipotle Mexican Grill by 3.1% in the 4th quarter. Centurion Wealth Management LLC now owns 8,713 shares of the restaurant operator’s stock worth $322,000 after purchasing an additional 260 shares during the period. Lakeshore Capital Group Inc. increased its stake in Chipotle Mexican Grill by 1.9% in the 3rd quarter. Lakeshore Capital Group Inc. now owns 14,632 shares of the restaurant operator’s stock worth $573,000 after purchasing an additional 272 shares during the period. Finally, Pine Haven Investment Counsel Inc lifted its position in Chipotle Mexican Grill by 0.8% in the third quarter. Pine Haven Investment Counsel Inc now owns 37,391 shares of the restaurant operator’s stock valued at $1,465,000 after purchasing an additional 280 shares during the last quarter. Hedge funds and other institutional investors own 91.30% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on CMG. DA Davidson initiated coverage on Chipotle Mexican Grill in a research note on Friday, March 6th. They set a “buy” rating and a $51.00 price objective for the company. Barclays lowered their price target on shares of Chipotle Mexican Grill from $44.00 to $40.00 and set an “equal weight” rating for the company in a report on Wednesday, February 4th. Morgan Stanley dropped their price target on shares of Chipotle Mexican Grill from $50.00 to $49.00 and set an “overweight” rating for the company in a research report on Wednesday, February 4th. Evercore reissued an “outperform” rating and issued a $45.00 price target on shares of Chipotle Mexican Grill in a report on Friday, December 19th. Finally, Argus restated a “hold” rating on shares of Chipotle Mexican Grill in a research report on Thursday, February 5th. Twenty-four investment analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $47.13.

Chipotle Mexican Grill Stock Up 1.8%

Shares of Chipotle Mexican Grill stock opened at $35.71 on Friday. The business has a 50 day moving average of $34.97 and a 200 day moving average of $36.37. Chipotle Mexican Grill, Inc. has a 52 week low of $29.75 and a 52 week high of $58.42. The company has a market cap of $46.51 billion, a PE ratio of 31.32, a P/E/G ratio of 2.15 and a beta of 1.06.

Chipotle Mexican Grill (NYSE:CMG) last released its quarterly earnings results on Tuesday, February 3rd. The restaurant operator reported $0.25 earnings per share for the quarter, beating the consensus estimate of $0.24 by $0.01. The business had revenue of $2.98 billion for the quarter, compared to analysts’ expectations of $2.96 billion. Chipotle Mexican Grill had a net margin of 12.88% and a return on equity of 47.99%. The firm’s revenue for the quarter was up 4.9% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.25 earnings per share. On average, research analysts anticipate that Chipotle Mexican Grill, Inc. will post 1.29 earnings per share for the current year.

Chipotle Mexican Grill Profile

Chipotle Mexican Grill is a fast-casual restaurant company known for its Mexican-inspired menu of burritos, bowls, tacos and salads. Founded in 1993 by Steve Ells, the chain emphasizes fresh, customizable meals made from a limited menu of core ingredients and a focus on ingredient quality. Chipotle operates primarily company-owned restaurants and offers dine-in, takeout, catering and delivery through its own digital platforms and third-party partners.

The company is headquartered in Newport Beach, California, and traces its roots to Denver, Colorado.