Chipotle Mexican Grill, Inc. $CMG Shares Sold by Clarius Group LLC

Clarius Group LLC lowered its stake in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) by 22.7% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 9,665 shares of the restaurant operator’s stock after selling 2,834 shares during the period. Clarius Group LLC’s holdings in Chipotle Mexican Grill were worth $543,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in the company. Revolve Wealth Partners LLC boosted its stake in shares of Chipotle Mexican Grill by 4.7% during the 4th 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 during the last quarter. Bison Wealth LLC purchased a new stake in Chipotle Mexican Grill in the 4th quarter worth approximately $224,000. NBC Securities Inc. raised its holdings in Chipotle Mexican Grill by 137,000.0% in the 1st quarter. NBC Securities Inc. now owns 1,371 shares of the restaurant operator’s stock valued at $68,000 after acquiring an additional 1,370 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. lifted its stake in shares of Chipotle Mexican Grill by 312.5% during the 1st quarter. Thurston Springer Miller Herd & Titak Inc. now owns 825 shares of the restaurant operator’s stock worth $41,000 after purchasing an additional 625 shares during the period. Finally, Procyon Advisors LLC boosted its holdings in shares of Chipotle Mexican Grill by 24.5% during the first quarter. Procyon Advisors LLC now owns 7,405 shares of the restaurant operator’s stock worth $372,000 after purchasing an additional 1,455 shares during the last quarter. Institutional investors and hedge funds own 91.30% of the company’s stock.

Chipotle Mexican Grill Stock Up 3.7%

Shares of CMG stock opened at $41.78 on Monday. Chipotle Mexican Grill, Inc. has a fifty-two week low of $38.30 and a fifty-two week high of $66.74. The firm’s 50 day moving average price is $41.47 and its two-hundred day moving average price is $47.92. The stock has a market cap of $56.02 billion, a price-to-earnings ratio of 37.30, a price-to-earnings-growth ratio of 2.13 and a beta of 0.99.

Chipotle Mexican Grill (NYSE:CMG) last issued its earnings results on Wednesday, July 23rd. The restaurant operator reported $0.33 EPS for the quarter, beating analysts’ consensus estimates of $0.32 by $0.01. The business had revenue of $3.06 billion for the quarter, compared to the consensus estimate of $3.11 billion. Chipotle Mexican Grill had a net margin of 13.32% and a return on equity of 43.50%. The business’s revenue for the quarter was up 3.0% compared to the same quarter last year. During the same quarter last year, the firm posted $0.34 EPS. On average, equities analysts forecast that Chipotle Mexican Grill, Inc. will post 1.29 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on CMG shares. Redburn Atlantic assumed coverage on Chipotle Mexican Grill in a research note on Tuesday, June 10th. They issued a “neutral” rating and a $55.00 target price for the company. Stephens reiterated an “equal weight” rating and set a $60.00 price objective on shares of Chipotle Mexican Grill in a report on Monday, September 29th. TD Cowen restated a “buy” rating and issued a $58.00 target price on shares of Chipotle Mexican Grill in a report on Friday, September 19th. UBS Group upped their price target on shares of Chipotle Mexican Grill from $60.00 to $65.00 and gave the stock a “buy” rating in a research report on Thursday, July 17th. Finally, Rothschild & Co Redburn upgraded shares of Chipotle Mexican Grill from a “neutral” rating to a “buy” rating and set a $55.00 price target on the stock in a report on Wednesday, September 3rd. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating and nine have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $59.41.

About Chipotle Mexican Grill

Chipotle Mexican Grill, Inc, together with its subsidiaries, owns and operates Chipotle Mexican Grill restaurants. It sells food and beverages through offering burritos, burrito bowls, quesadillas, tacos, and salads. The company also provides delivery and related services its app and website. It has operations in the United States, Canada, France, Germany, and the United Kingdom.