B. Riley Wealth Advisors Inc. Has $1.35 Million Holdings in Chipotle Mexican Grill, Inc. $CMG

B. Riley Wealth Advisors Inc. trimmed its position in Chipotle Mexican Grill, Inc. (NYSE:CMG) by 67.9% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 34,525 shares of the restaurant operator’s stock after selling 73,142 shares during the quarter. B. Riley Wealth Advisors Inc.’s holdings in Chipotle Mexican Grill were worth $1,353,000 at the end of the most recent quarter.

Several other institutional investors have also made changes to their positions in CMG. Ascent Group LLC boosted its stake in Chipotle Mexican Grill by 3.5% in the 2nd 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. Quent Capital LLC raised its stake in 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 during the period. Revolve Wealth Partners LLC lifted its holdings in shares of Chipotle Mexican Grill by 4.7% in the fourth quarter. Revolve Wealth Partners LLC now owns 4,804 shares of the restaurant operator’s stock valued at $290,000 after purchasing an additional 214 shares in the last quarter. Trueblood Wealth Management LLC lifted its holdings in shares of Chipotle Mexican Grill by 4.6% in the third quarter. Trueblood Wealth Management LLC now owns 5,703 shares of the restaurant operator’s stock valued at $224,000 after purchasing an additional 253 shares in the last quarter. Finally, Capital Advisors Ltd. LLC boosted its position in shares of Chipotle Mexican Grill by 7.9% in the second quarter. Capital Advisors Ltd. LLC now owns 3,454 shares of the restaurant operator’s stock worth $194,000 after buying an additional 254 shares during the period. 91.30% of the stock is owned by hedge funds and other institutional investors.

Chipotle Mexican Grill Stock Performance

NYSE:CMG opened at $39.72 on Tuesday. The stock’s 50 day moving average price is $36.57 and its 200 day moving average price is $39.62. Chipotle Mexican Grill, Inc. has a 52 week low of $29.75 and a 52 week high of $59.57. The company has a market capitalization of $52.52 billion, a P/E ratio of 35.15, a P/E/G ratio of 3.85 and a beta of 0.97.

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

Analyst Ratings Changes

Several research analysts recently weighed in on CMG shares. Robert W. Baird dropped their price target on Chipotle Mexican Grill from $59.00 to $49.00 and set an “outperform” rating on the stock in a research report on Friday, October 10th. TD Cowen restated a “buy” rating on shares of Chipotle Mexican Grill in a research report on Monday, January 5th. Royal Bank Of Canada dropped their target price on Chipotle Mexican Grill from $58.00 to $40.00 and set an “outperform” rating on the stock in a report on Thursday, October 30th. BTIG Research reduced their price target on shares of Chipotle Mexican Grill from $57.00 to $45.00 and set a “buy” rating for the company in a research report on Thursday, October 30th. Finally, Zacks Research upgraded shares of Chipotle Mexican Grill from a “strong sell” rating to a “hold” rating in a report on Monday, December 29th. Two research analysts have rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating and thirteen have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $50.23.

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.