Chipotle Mexican Grill, Inc. $CMG Shares Sold by KMG Fiduciary Partners LLC

KMG Fiduciary Partners LLC trimmed its position in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) by 39.7% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 40,820 shares of the restaurant operator’s stock after selling 26,903 shares during the quarter. KMG Fiduciary Partners LLC’s holdings in Chipotle Mexican Grill were worth $1,388,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the company. Wealthcare Advisory Partners LLC boosted its position in shares of Chipotle Mexican Grill by 7.3% in the 2nd quarter. Wealthcare Advisory Partners LLC now owns 9,921 shares of the restaurant operator’s stock worth $337,000 after buying an additional 671 shares in the last quarter. Allied Private Wealth LLC purchased a new position in Chipotle Mexican Grill during the 2nd quarter valued at about $44,000. Everhart Financial Group Inc. increased its holdings in Chipotle Mexican Grill by 10.3% during the 2nd quarter. Everhart Financial Group Inc. now owns 14,011 shares of the restaurant operator’s stock valued at $476,000 after acquiring an additional 1,306 shares in the last quarter. Jacobs & Co. CA lifted its holdings in shares of Chipotle Mexican Grill by 8.5% in the second quarter. Jacobs & Co. CA now owns 273,055 shares of the restaurant operator’s stock valued at $9,283,000 after purchasing an additional 21,406 shares in the last quarter. Finally, Gradient Investments LLC lifted its holdings in shares of Chipotle Mexican Grill by 4.4% in the second quarter. Gradient Investments LLC now owns 35,349 shares of the restaurant operator’s stock valued at $1,202,000 after purchasing an additional 1,483 shares in the last quarter. Institutional investors and hedge funds own 91.30% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on the stock. Sanford C. Bernstein reissued an “outperform” rating on shares of Chipotle Mexican Grill in a research note on Friday, July 31st. DA Davidson upped their target price on Chipotle Mexican Grill from $45.00 to $50.00 and gave the company a “buy” rating in a research note on Thursday, July 30th. Barclays lowered their target price on Chipotle Mexican Grill from $40.00 to $38.00 and set an “equal weight” rating on the stock in a report on Thursday, April 30th. Argus raised their price target on Chipotle Mexican Grill from $40.00 to $45.00 and gave the stock a “buy” rating in a research report on Tuesday, August 4th. Finally, JPMorgan Chase & Co. raised Chipotle Mexican Grill from a “neutral” rating to an “overweight” rating and cut their price target for the stock from $38.00 to $35.00 in a report on Friday, June 5th. Twenty-four equities research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $44.16.

Chipotle Mexican Grill Trading Down 2.0%

NYSE CMG opened at $32.15 on Tuesday. The business’s 50-day moving average price is $33.09 and its 200 day moving average price is $34.33. Chipotle Mexican Grill, Inc. has a twelve month low of $28.03 and a twelve month high of $44.27. The company has a market capitalization of $40.68 billion, a PE ratio of 29.50, a price-to-earnings-growth ratio of 2.09 and a beta of 0.94.

Chipotle Mexican Grill (NYSE:CMG) last announced its quarterly earnings data on Wednesday, July 29th. The restaurant operator reported $0.33 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.32 by $0.01. Chipotle Mexican Grill had a net margin of 11.43% and a return on equity of 54.65%. The company had revenue of $3.35 billion during the quarter, compared to analysts’ expectations of $3.33 billion. During the same period in the previous year, the company earned $0.33 EPS. The business’s quarterly revenue was up 9.3% compared to the same quarter last year. Equities analysts predict that Chipotle Mexican Grill, Inc. will post 1.14 EPS for the current year.

Chipotle Mexican Grill Company 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.