Fifth Third Wealth Advisors LLC Sells 37,793 Shares of Chipotle Mexican Grill, Inc. $CMG

Fifth Third Wealth Advisors LLC reduced its stake in Chipotle Mexican Grill, Inc. (NYSE:CMG) by 68.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 17,105 shares of the restaurant operator’s stock after selling 37,793 shares during the period. Fifth Third Wealth Advisors LLC’s holdings in Chipotle Mexican Grill were worth $633,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in CMG. Operose Advisors LLC acquired a new stake in shares of Chipotle Mexican Grill in the 2nd quarter valued at about $25,000. Financial Life Planners acquired a new position in Chipotle Mexican Grill during the 3rd quarter worth approximately $25,000. Wealth Watch Advisors INC bought a new position in Chipotle Mexican Grill in the third quarter worth approximately $25,000. Salomon & Ludwin LLC acquired a new stake in Chipotle Mexican Grill in the third quarter valued at approximately $26,000. Finally, Lavaca Capital LLC acquired a new stake in Chipotle Mexican Grill in the second quarter valued at approximately $28,000. Institutional investors and hedge funds own 91.30% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on CMG shares. Stephens reaffirmed an “equal weight” rating and set a $35.00 target price on shares of Chipotle Mexican Grill in a research report on Wednesday, February 4th. Mizuho upgraded shares of Chipotle Mexican Grill from a “neutral” rating to an “outperform” rating and boosted their price target for the company from $37.00 to $40.00 in a research note on Friday, March 20th. The Goldman Sachs Group reaffirmed a “buy” rating on shares of Chipotle Mexican Grill in a research note on Thursday, December 18th. Piper Sandler reduced their price objective on shares of Chipotle Mexican Grill from $47.00 to $44.00 and set an “overweight” rating for the company in a report on Wednesday, February 4th. Finally, UBS Group restated a “buy” rating on shares of Chipotle Mexican Grill in a report on Monday, January 26th. Twenty-four research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $47.13.

Chipotle Mexican Grill Price Performance

CMG opened at $33.16 on Friday. Chipotle Mexican Grill, Inc. has a 1 year low of $29.75 and a 1 year high of $58.42. The company has a market capitalization of $43.19 billion, a price-to-earnings ratio of 29.09, a P/E/G ratio of 2.00 and a beta of 1.06. The firm’s fifty day moving average price is $36.07 and its two-hundred day moving average price is $36.77.

Chipotle Mexican Grill (NYSE:CMG) last announced its earnings results on Tuesday, February 3rd. The restaurant operator reported $0.25 EPS for the quarter, beating the consensus estimate of $0.24 by $0.01. Chipotle Mexican Grill had a net margin of 12.88% and a return on equity of 47.99%. The company had revenue of $2.98 billion during the quarter, compared to the consensus estimate of $2.96 billion. During the same quarter in the prior year, the company posted $0.25 earnings per share. The firm’s revenue for the quarter was up 4.9% on a year-over-year basis. As a group, equities analysts anticipate that Chipotle Mexican Grill, Inc. will post 1.29 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.