Thrivent Financial for Lutherans Sells 22,413 Shares of Chipotle Mexican Grill, Inc. $CMG

Thrivent Financial for Lutherans trimmed its position in Chipotle Mexican Grill, Inc. (NYSE:CMG) by 24.2% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 70,099 shares of the restaurant operator’s stock after selling 22,413 shares during the period. Thrivent Financial for Lutherans’ holdings in Chipotle Mexican Grill were worth $2,594,000 as of its most recent filing with the SEC.

Other large investors also recently modified their holdings of the company. Wealth Watch Advisors INC bought a new position in shares of Chipotle Mexican Grill in the 3rd quarter valued at $25,000. Financial Life Planners bought a new position in shares of Chipotle Mexican Grill in the 3rd quarter valued at $25,000. Murphy & Mullick Capital Management Corp raised its position in Chipotle Mexican Grill by 106.7% during the 3rd quarter. Murphy & Mullick Capital Management Corp now owns 775 shares of the restaurant operator’s stock worth $30,000 after purchasing an additional 400 shares during the last quarter. Winthrop Capital Management LLC bought a new position in Chipotle Mexican Grill during the 3rd quarter worth $31,000. Finally, Ameriflex Group Inc. raised its position in Chipotle Mexican Grill by 109.4% during the 3rd quarter. Ameriflex Group Inc. now owns 890 shares of the restaurant operator’s stock worth $35,000 after purchasing an additional 465 shares during the last quarter. 91.30% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on CMG. Telsey Advisory Group decreased their target price on Chipotle Mexican Grill from $50.00 to $48.00 and set an “outperform” rating for the company in a research report on Wednesday, February 4th. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $45.00 target price on shares of Chipotle Mexican Grill in a report on Thursday, April 30th. Weiss Ratings lowered Chipotle Mexican Grill from a “hold (c-)” rating to a “sell (d+)” rating in a report on Wednesday. Barclays reduced their target price on Chipotle Mexican Grill from $40.00 to $38.00 and set an “equal weight” rating for the company in a report on Thursday, April 30th. Finally, BNP Paribas Exane upped their target price on Chipotle Mexican Grill from $37.00 to $39.00 and gave the company a “neutral” rating in a report on Thursday, April 30th. Twenty-four analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, Chipotle Mexican Grill has an average rating of “Moderate Buy” and an average price target of $46.03.

Chipotle Mexican Grill Price Performance

Shares of CMG stock opened at $32.84 on Monday. The company’s fifty day simple moving average is $33.32 and its two-hundred day simple moving average is $35.24. Chipotle Mexican Grill, Inc. has a 1 year low of $29.75 and a 1 year high of $58.42. The stock has a market capitalization of $42.13 billion, a price-to-earnings ratio of 30.13, a PEG ratio of 2.12 and a beta of 1.03.

Chipotle Mexican Grill (NYSE:CMG) last released its quarterly earnings results on Wednesday, April 29th. The restaurant operator reported $0.24 earnings per share for the quarter, hitting the consensus estimate of $0.24. The firm had revenue of $3.09 billion for the quarter, compared to analysts’ expectations of $3.07 billion. Chipotle Mexican Grill had a net margin of 11.96% and a return on equity of 49.64%. The business’s quarterly revenue was up 7.4% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.29 earnings per share. Equities research analysts anticipate that Chipotle Mexican Grill, Inc. will post 1.13 EPS for the current year.

About Chipotle Mexican Grill

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.