Bfsg LLC Trims Stake in Chipotle Mexican Grill, Inc. $CMG

Key Points

• Bfsg LLC has reduced its stake in Chipotle Mexican Grill, Inc. by 20.7%, holding 49,477 shares worth approximately $2.78 million as of the latest filing.
• Multiple institutional investors have either increased or decreased their positions in Chipotle, with 91.30% of shares currently owned by such investors.
• Barclays and other analysts have recently adjusted their price targets for Chipotle, with an average target of $59.76 and a consensus rating of "Moderate Buy."

Bfsg LLC trimmed its holdings in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG - Free Report) by 20.7% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 49,477 shares of the restaurant operator's stock after selling 12,949 shares during the quarter. Bfsg LLC's holdings in Chipotle Mexican Grill were worth $2,778,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Occidental Asset Management LLC grew its position in Chipotle Mexican Grill by 2.8% during the second quarter. Occidental Asset Management LLC now owns 7,257 shares of the restaurant operator's stock worth $407,000 after buying an additional 195 shares in the last quarter. Gries Financial LLC grew its position in Chipotle Mexican Grill by 8.2% during the second quarter. Gries Financial LLC now owns 6,103 shares of the restaurant operator's stock worth $343,000 after buying an additional 461 shares in the last quarter. GAMMA Investing LLC grew its position in Chipotle Mexican Grill by 22.1% during the second quarter. GAMMA Investing LLC now owns 29,458 shares of the restaurant operator's stock worth $1,654,000 after buying an additional 5,323 shares in the last quarter. Lewis Asset Management LLC purchased a new position in Chipotle Mexican Grill during the second quarter worth about $403,000. Finally, Park Avenue Securities LLC boosted its holdings in shares of Chipotle Mexican Grill by 10.0% in the 2nd quarter. Park Avenue Securities LLC now owns 46,171 shares of the restaurant operator's stock worth $2,592,000 after purchasing an additional 4,191 shares in the last quarter. 91.30% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on CMG. Barclays cut their price objective on Chipotle Mexican Grill from $55.00 to $53.00 and set an "equal weight" rating for the company in a report on Thursday, July 24th. Redburn Atlantic began coverage on Chipotle Mexican Grill in a report on Tuesday, June 10th. They issued a "neutral" rating and a $55.00 price objective for the company. TD Securities reiterated a "buy" rating and issued a $57.00 price objective on shares of Chipotle Mexican Grill in a report on Wednesday, June 18th. KeyCorp cut their price objective on Chipotle Mexican Grill from $60.00 to $58.00 and set an "overweight" rating for the company in a report on Thursday, July 24th. Finally, Rothschild & Co Redburn upgraded Chipotle Mexican Grill from a "neutral" rating to a "buy" rating and set a $55.00 price objective for the company in a report on Wednesday, September 3rd. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating and eight have issued a Hold rating to the stock. Based on data from MarketBeat.com, Chipotle Mexican Grill has an average rating of "Moderate Buy" and an average target price of $59.76.

Chipotle Mexican Grill Stock Performance

Shares of NYSE:CMG opened at $40.20 on Tuesday. Chipotle Mexican Grill, Inc. has a 52-week low of $38.30 and a 52-week high of $66.74. The firm has a market capitalization of $53.90 billion, a P/E ratio of 35.89, a P/E/G ratio of 2.00 and a beta of 1.02. The stock has a 50 day moving average price of $43.59 and a 200-day moving average price of $48.52.

Chipotle Mexican Grill (NYSE:CMG - Get Free Report) last announced its earnings results on Wednesday, July 23rd. The restaurant operator reported $0.33 earnings per share (EPS) 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 quarter in the prior year, the company earned $0.34 EPS. The business's revenue was up 3.0% compared to the same quarter last year. On average, equities analysts forecast that Chipotle Mexican Grill, Inc. will post 1.29 EPS for the current fiscal year.

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.

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