Thrivent Financial for Lutherans Has $3.63 Million Stake in Chipotle Mexican Grill, Inc. $CMG

Thrivent Financial for Lutherans lessened its stake in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) by 64.5% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 92,512 shares of the restaurant operator’s stock after selling 167,998 shares during the period. Thrivent Financial for Lutherans’ holdings in Chipotle Mexican Grill were worth $3,626,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of CMG. Operose Advisors LLC acquired a new position in shares of Chipotle Mexican Grill during the second quarter valued at about $25,000. Lavaca Capital LLC acquired a new position in Chipotle Mexican Grill during the 2nd quarter worth approximately $28,000. Activest Wealth Management raised its stake in Chipotle Mexican Grill by 109.3% during the 2nd quarter. Activest Wealth Management now owns 517 shares of the restaurant operator’s stock worth $29,000 after buying an additional 270 shares during the period. Twin Peaks Wealth Advisors LLC bought a new position in Chipotle Mexican Grill in the second quarter worth approximately $34,000. Finally, Evolution Wealth Management Inc. acquired a new stake in Chipotle Mexican Grill in the second quarter valued at approximately $34,000. 91.30% of the stock is owned by institutional investors.

Analyst Ratings Changes

CMG has been the topic of a number of research reports. Royal Bank Of Canada lowered their target price on Chipotle Mexican Grill from $58.00 to $40.00 and set an “outperform” rating on the stock in a research report on Thursday, October 30th. Wells Fargo & Company lowered their price objective on shares of Chipotle Mexican Grill from $50.00 to $45.00 and set an “overweight” rating on the stock in a report on Wednesday, February 4th. Evercore reaffirmed an “outperform” rating and issued a $45.00 price objective on shares of Chipotle Mexican Grill in a research note on Friday, December 19th. Jefferies Financial Group lowered their target price on shares of Chipotle Mexican Grill from $48.00 to $44.00 and set a “hold” rating on the stock in a report on Monday, October 13th. Finally, Sanford C. Bernstein lifted their price target on Chipotle Mexican Grill from $40.00 to $50.00 and gave the company an “outperform” rating in a research note on Monday, January 5th. Twenty-two research analysts have rated the stock with a Buy rating and twelve have given a Hold rating to the stock. According to data from MarketBeat.com, Chipotle Mexican Grill has a consensus rating of “Moderate Buy” and a consensus price target of $47.24.

Chipotle Mexican Grill Trading Up 2.5%

CMG stock opened at $39.42 on Monday. The stock has a market cap of $51.34 billion, a P/E ratio of 34.58, a P/E/G ratio of 2.41 and a beta of 0.99. The stock’s fifty day simple moving average is $37.79 and its two-hundred day simple moving average is $38.69. Chipotle Mexican Grill, Inc. has a 1-year low of $29.75 and a 1-year high of $59.09.

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

About Chipotle Mexican Grill

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.