Chipotle Mexican Grill, Inc. $CMG Stock Holdings Lowered by Exchange Traded Concepts LLC

Exchange Traded Concepts LLC cut its position in Chipotle Mexican Grill, Inc. (NYSE:CMG) by 67.0% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 16,765 shares of the restaurant operator’s stock after selling 34,024 shares during the quarter. Exchange Traded Concepts LLC’s holdings in Chipotle Mexican Grill were worth $620,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Operose Advisors LLC acquired a new stake in shares of Chipotle Mexican Grill in the second quarter valued at approximately $25,000. Financial Life Planners acquired a new position in shares of Chipotle Mexican Grill during the third quarter worth approximately $25,000. Wealth Watch Advisors INC bought a new position in Chipotle Mexican Grill in the 3rd quarter worth approximately $25,000. Salomon & Ludwin LLC bought a new position in Chipotle Mexican Grill in the 3rd quarter worth approximately $26,000. Finally, Lavaca Capital LLC acquired a new stake in Chipotle Mexican Grill in the 2nd quarter valued at approximately $28,000. 91.30% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts have issued reports on the company. Raymond James Financial boosted their price target on Chipotle Mexican Grill from $40.00 to $45.00 and gave the stock an “outperform” rating in a research report on Wednesday, January 21st. Zacks Research lowered Chipotle Mexican Grill from a “hold” rating to a “strong sell” rating in a report on Friday, February 6th. Stifel Nicolaus restated a “buy” rating on shares of Chipotle Mexican Grill in a research note on Monday, March 9th. TD Cowen reissued a “buy” rating and issued a $44.00 price target on shares of Chipotle Mexican Grill in a report on Friday, March 20th. Finally, Truist Financial raised their price objective on shares of Chipotle Mexican Grill from $45.00 to $50.00 and gave the company a “buy” rating in a research report on Thursday, January 8th. Twenty-four research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, Chipotle Mexican Grill presently has a consensus rating of “Moderate Buy” and a consensus price target of $47.13.

Chipotle Mexican Grill Price Performance

CMG opened at $33.16 on Friday. The firm has a market cap of $43.19 billion, a PE ratio of 29.09, a P/E/G ratio of 2.03 and a beta of 1.06. The business has a fifty day simple moving average of $35.92 and a 200-day simple moving average of $36.72. Chipotle Mexican Grill, Inc. has a fifty-two week low of $29.75 and a fifty-two week high of $58.42.

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