Chipotle Mexican Grill, Inc. $CMG Holdings Decreased by Hazlett Burt & Watson Inc.

Hazlett Burt & Watson Inc. reduced its position in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) by 45.6% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,207 shares of the restaurant operator’s stock after selling 1,011 shares during the period. Hazlett Burt & Watson Inc.’s holdings in Chipotle Mexican Grill were worth $68,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Charles Schwab Investment Management Inc. grew its holdings in Chipotle Mexican Grill by 5.8% during the first quarter. Charles Schwab Investment Management Inc. now owns 8,979,637 shares of the restaurant operator’s stock worth $450,868,000 after acquiring an additional 491,002 shares during the period. Corient IA LLC acquired a new position in Chipotle Mexican Grill during the first quarter worth about $753,000. Advisors Asset Management Inc. grew its holdings in Chipotle Mexican Grill by 32.4% during the first quarter. Advisors Asset Management Inc. now owns 75,368 shares of the restaurant operator’s stock worth $3,784,000 after acquiring an additional 18,458 shares during the period. Hilltop National Bank acquired a new position in Chipotle Mexican Grill during the second quarter worth about $2,579,000. Finally, Banco Santander S.A. grew its holdings in Chipotle Mexican Grill by 47.6% during the first quarter. Banco Santander S.A. now owns 31,764 shares of the restaurant operator’s stock worth $1,595,000 after acquiring an additional 10,246 shares during the period. 91.30% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

CMG has been the topic of a number of research analyst reports. Evercore ISI lowered their target price on Chipotle Mexican Grill from $57.00 to $53.00 and set an “outperform” rating on the stock in a report on Tuesday, October 7th. Stifel Nicolaus dropped their price target on Chipotle Mexican Grill from $65.00 to $60.00 and set a “buy” rating on the stock in a research note on Tuesday, September 9th. Robert W. Baird dropped their price target on Chipotle Mexican Grill from $59.00 to $49.00 and set an “outperform” rating on the stock in a research note on Friday. Sanford C. Bernstein dropped their price target on Chipotle Mexican Grill from $65.00 to $60.00 and set an “outperform” rating on the stock in a research note on Thursday, October 2nd. Finally, Stephens reissued an “equal weight” rating and issued a $60.00 price target on shares of Chipotle Mexican Grill in a research note on Monday, September 29th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating and nine have given a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $58.31.

Chipotle Mexican Grill Stock Performance

Shares of NYSE CMG opened at $40.91 on Tuesday. The business has a 50 day simple moving average of $41.15 and a 200 day simple moving average of $47.55. Chipotle Mexican Grill, Inc. has a 52 week low of $38.30 and a 52 week high of $66.74. The stock has a market cap of $54.85 billion, a price-to-earnings ratio of 36.52, a PEG ratio of 2.04 and a beta of 0.99.

Chipotle Mexican Grill (NYSE:CMG) last posted its earnings results on Wednesday, July 23rd. The restaurant operator reported $0.33 earnings per share for the quarter, topping the consensus estimate of $0.32 by $0.01. Chipotle Mexican Grill had a return on equity of 43.50% and a net margin of 13.32%.The firm had revenue of $3.06 billion during the quarter, compared to analyst estimates of $3.11 billion. During the same period in the previous year, the company earned $0.34 EPS. The company’s revenue for the quarter was up 3.0% on a year-over-year basis. On average, analysts predict that Chipotle Mexican Grill, Inc. will post 1.29 EPS for the current year.

Chipotle Mexican Grill Profile

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.