Chipotle Mexican Grill, Inc. $CMG Shares Sold by Brookstone Capital Management

Brookstone Capital Management lowered its stake in Chipotle Mexican Grill, Inc. (NYSE:CMG) by 8.2% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 9,320 shares of the restaurant operator’s stock after selling 835 shares during the quarter. Brookstone Capital Management’s holdings in Chipotle Mexican Grill were worth $523,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of the stock. Ascent Group LLC lifted its holdings in Chipotle Mexican Grill by 3.5% in the second quarter. Ascent Group LLC now owns 5,752 shares of the restaurant operator’s stock worth $323,000 after purchasing an additional 193 shares during the period. E. Ohman J or Asset Management AB lifted its holdings in Chipotle Mexican Grill by 0.3% in the second quarter. E. Ohman J or Asset Management AB now owns 59,234 shares of the restaurant operator’s stock worth $3,326,000 after purchasing an additional 194 shares during the period. Occidental Asset Management LLC lifted its holdings in Chipotle Mexican Grill by 2.8% in the second quarter. Occidental Asset Management LLC now owns 7,257 shares of the restaurant operator’s stock worth $407,000 after purchasing an additional 195 shares during the period. Perennial Advisors LLC lifted its holdings in Chipotle Mexican Grill by 3.1% in the second quarter. Perennial Advisors LLC now owns 6,667 shares of the restaurant operator’s stock worth $374,000 after purchasing an additional 200 shares during the period. Finally, Quent Capital LLC boosted its position in shares of Chipotle Mexican Grill by 2.0% during the 2nd quarter. Quent Capital LLC now owns 10,555 shares of the restaurant operator’s stock valued at $593,000 after purchasing an additional 208 shares in the last quarter. Institutional investors and hedge funds own 91.30% of the company’s stock.

Chipotle Mexican Grill Price Performance

NYSE CMG opened at $41.18 on Monday. The company has a 50 day simple moving average of $40.98 and a 200-day simple moving average of $47.10. The firm has a market capitalization of $55.22 billion, a price-to-earnings ratio of 36.77, a price-to-earnings-growth ratio of 2.50 and a beta of 0.99. Chipotle Mexican Grill, Inc. has a 52-week low of $38.30 and a 52-week high of $66.74.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on CMG. Melius began coverage on shares of Chipotle Mexican Grill in a research note on Monday, July 14th. They issued a “hold” rating and a $60.00 price objective on the stock. Barclays lowered their price objective on shares of Chipotle Mexican Grill from $53.00 to $43.00 and set an “equal weight” rating on the stock in a research note on Wednesday, October 22nd. Citigroup lowered their price objective on shares of Chipotle Mexican Grill from $68.00 to $62.00 and set a “buy” rating on the stock in a research note on Thursday, July 24th. BMO Capital Markets raised shares of Chipotle Mexican Grill from a “market perform” rating to an “outperform” rating and lifted their price objective for the stock from $56.00 to $65.00 in a research note on Friday, July 18th. Finally, Stephens reaffirmed an “equal weight” rating and issued a $60.00 price objective on shares of Chipotle Mexican Grill in a research note on Monday, September 29th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating and nine have assigned a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target 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.