Chipotle Mexican Grill, Inc. $CMG Shares Sold by GLOBALT Investments LLC GA

GLOBALT Investments LLC GA cut its stake in Chipotle Mexican Grill, Inc. (NYSE:CMG) by 44.6% in the second quarter, Holdings Channel reports. The fund owned 27,167 shares of the restaurant operator’s stock after selling 21,871 shares during the period. GLOBALT Investments LLC GA’s holdings in Chipotle Mexican Grill were worth $1,525,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of CMG. Cloud Capital Management LLC purchased a new position in shares of Chipotle Mexican Grill during the 1st quarter worth $25,000. Saudi Central Bank purchased a new position in shares of Chipotle Mexican Grill during the 1st quarter worth $27,000. 1248 Management LLC purchased a new position in shares of Chipotle Mexican Grill during the 1st quarter worth $27,000. Signature Resources Capital Management LLC purchased a new position in shares of Chipotle Mexican Grill during the 2nd quarter worth $28,000. Finally, HighMark Wealth Management LLC grew its holdings in shares of Chipotle Mexican Grill by 173.4% during the 1st quarter. HighMark Wealth Management LLC now owns 585 shares of the restaurant operator’s stock worth $29,000 after purchasing an additional 371 shares during the period. 91.30% of the stock is currently owned by hedge funds and other institutional investors.

Chipotle Mexican Grill Price Performance

Shares of Chipotle Mexican Grill stock opened at $41.18 on Friday. The business has a 50-day moving average of $40.98 and a 200 day moving average of $47.12. Chipotle Mexican Grill, Inc. has a 12 month low of $38.30 and a 12 month high of $66.74. The stock has a market capitalization of $55.22 billion, a price-to-earnings ratio of 36.77, a price-to-earnings-growth ratio of 2.53 and a beta of 0.99.

Chipotle Mexican Grill (NYSE:CMG) last announced its quarterly earnings data 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 business had revenue of $3.06 billion during the quarter, compared to analysts’ expectations 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 quarterly revenue was up 3.0% compared to the same quarter last year. During the same quarter last year, the business posted $0.34 EPS. Equities research analysts anticipate that Chipotle Mexican Grill, Inc. will post 1.29 earnings per share for the current year.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on CMG shares. Robert W. Baird lowered their price target on Chipotle Mexican Grill from $59.00 to $49.00 and set an “outperform” rating for the company in a report on Friday, October 10th. Wells Fargo & Company lowered their price target on Chipotle Mexican Grill from $60.00 to $55.00 and set an “overweight” rating for the company in a report on Thursday, October 16th. Barclays lowered their price target on Chipotle Mexican Grill from $53.00 to $43.00 and set an “equal weight” rating for the company in a report on Wednesday. Weiss Ratings restated a “hold (c)” rating on shares of Chipotle Mexican Grill in a report on Friday. Finally, Piper Sandler upgraded Chipotle Mexican Grill from a “neutral” rating to an “overweight” rating and lowered their target price for the company from $53.00 to $50.00 in a report on Tuesday, August 12th. 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 data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $56.69.

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.