Chipotle Mexican Grill, Inc. $CMG Shares Sold by F m Investments LLC

F m Investments LLC lessened its stake in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) by 16.0% during the fourth quarter, HoldingsChannel reports. The firm owned 157,566 shares of the restaurant operator’s stock after selling 30,017 shares during the period. F m Investments LLC’s holdings in Chipotle Mexican Grill were worth $5,830,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Revolve Wealth Partners LLC lifted its stake in shares of Chipotle Mexican Grill by 4.7% during the fourth quarter. Revolve Wealth Partners LLC now owns 4,804 shares of the restaurant operator’s stock worth $290,000 after purchasing an additional 214 shares in the last quarter. Trueblood Wealth Management LLC lifted its stake in shares of Chipotle Mexican Grill by 4.6% during the third quarter. Trueblood Wealth Management LLC now owns 5,703 shares of the restaurant operator’s stock worth $224,000 after purchasing an additional 253 shares in the last quarter. Centurion Wealth Management LLC lifted its stake in shares of Chipotle Mexican Grill by 3.1% during the fourth quarter. Centurion Wealth Management LLC now owns 8,713 shares of the restaurant operator’s stock worth $322,000 after purchasing an additional 260 shares in the last quarter. City State Bank lifted its stake in shares of Chipotle Mexican Grill by 13.4% during the fourth quarter. City State Bank now owns 2,330 shares of the restaurant operator’s stock worth $86,000 after purchasing an additional 275 shares in the last quarter. Finally, Cromwell Holdings LLC lifted its stake in shares of Chipotle Mexican Grill by 7.4% during the fourth quarter. Cromwell Holdings LLC now owns 4,295 shares of the restaurant operator’s stock worth $159,000 after purchasing an additional 295 shares in the last quarter. Institutional investors and hedge funds own 91.30% of the company’s stock.

Chipotle Mexican Grill Stock Down 2.5%

Shares of Chipotle Mexican Grill stock opened at $32.43 on Friday. The firm has a market cap of $41.60 billion, a P/E ratio of 29.75, a P/E/G ratio of 2.14 and a beta of 1.03. Chipotle Mexican Grill, Inc. has a fifty-two week low of $29.75 and a fifty-two week high of $58.42. The business has a 50-day moving average price of $34.13 and a 200 day moving average price of $35.71.

Chipotle Mexican Grill (NYSE:CMG) last announced its quarterly earnings data on Wednesday, April 29th. The restaurant operator reported $0.24 earnings per share for the quarter, meeting the consensus estimate of $0.24. The firm had revenue of $3.09 billion during the quarter, compared to analyst estimates of $3.07 billion. Chipotle Mexican Grill had a return on equity of 49.64% and a net margin of 11.96%.Chipotle Mexican Grill’s quarterly revenue was up 7.4% on a year-over-year basis. During the same period in the previous year, the company earned $0.29 earnings per share. As a group, equities research analysts anticipate that Chipotle Mexican Grill, Inc. will post 1.13 earnings per share for the current year.

Analysts Set New Price Targets

A number of research analysts have commented on the company. Piper Sandler reduced their price objective on Chipotle Mexican Grill from $44.00 to $42.00 and set an “overweight” rating on the stock in a research note on Thursday, April 30th. Guggenheim reduced their price objective on Chipotle Mexican Grill from $36.00 to $35.00 and set a “neutral” rating on the stock in a research note on Friday, May 1st. Barclays reduced their price objective on Chipotle Mexican Grill from $40.00 to $38.00 and set an “equal weight” rating on the stock in a research note on Thursday, April 30th. DA Davidson began coverage on Chipotle Mexican Grill in a research note on Friday, March 6th. They set a “buy” rating and a $51.00 price objective on the stock. Finally, BTIG Research reiterated a “buy” rating and issued a $45.00 price target on shares of Chipotle Mexican Grill in a research note on Thursday, April 30th. Twenty-four research analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $46.03.

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.