NewEdge Advisors LLC Has $3.93 Million Stock Position in Chipotle Mexican Grill, Inc. $CMG

Key Points

• NewEdge Advisors LLC has reduced its stake in Chipotle Mexican Grill by 41%, now holding about 78,291 shares worth approximately $3.93 million.
• The stock of Chipotle Mexican Grill is currently trading down 0.5% at $39.47, with a market capitalization of $52.92 billion.
• Chipotle's recent earnings report showed an EPS of $0.33, surpassing estimates, although its revenue of $3.06 billion fell short of projections.

NewEdge Advisors LLC trimmed its holdings in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG - Free Report) by 41.0% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 78,291 shares of the restaurant operator's stock after selling 54,433 shares during the period. NewEdge Advisors LLC's holdings in Chipotle Mexican Grill were worth $3,931,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. Revolve Wealth Partners LLC increased its holdings in shares of Chipotle Mexican Grill by 4.7% in the 4th quarter. Revolve Wealth Partners LLC now owns 4,804 shares of the restaurant operator's stock worth $290,000 after acquiring an additional 214 shares during the period. Csenge Advisory Group increased its holdings in shares of Chipotle Mexican Grill by 5.0% in the 1st quarter. Csenge Advisory Group now owns 4,603 shares of the restaurant operator's stock worth $222,000 after acquiring an additional 220 shares during the period. Money Concepts Capital Corp increased its holdings in shares of Chipotle Mexican Grill by 3.0% in the 1st quarter. Money Concepts Capital Corp now owns 7,491 shares of the restaurant operator's stock worth $376,000 after acquiring an additional 221 shares during the period. Northwest Bank & Trust Co increased its holdings in shares of Chipotle Mexican Grill by 0.5% in the 4th quarter. Northwest Bank & Trust Co now owns 45,324 shares of the restaurant operator's stock worth $2,788,000 after acquiring an additional 236 shares during the period. Finally, Covestor Ltd increased its holdings in shares of Chipotle Mexican Grill by 5.3% in the 1st quarter. Covestor Ltd now owns 4,782 shares of the restaurant operator's stock worth $240,000 after acquiring an additional 242 shares during the period. 91.30% of the stock is owned by institutional investors and hedge funds.

Chipotle Mexican Grill Stock Performance

Shares of NYSE:CMG traded down $0.31 during trading hours on Friday, hitting $38.65. 22,287,567 shares of the company's stock traded hands, compared to its average volume of 16,994,430. Chipotle Mexican Grill, Inc. has a 52 week low of $38.30 and a 52 week high of $66.74. The company's fifty day simple moving average is $45.91 and its two-hundred day simple moving average is $49.23. The company has a market cap of $51.83 billion, a price-to-earnings ratio of 34.51, a price-to-earnings-growth ratio of 1.98 and a beta of 1.02.

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

Analyst Ratings Changes

A number of analysts recently weighed in on the stock. UBS Group increased their price objective on shares of Chipotle Mexican Grill from $60.00 to $65.00 and gave the stock a "buy" rating in a report on Thursday, July 17th. Robert W. Baird dropped their price objective on shares of Chipotle Mexican Grill from $62.00 to $59.00 and set an "outperform" rating on the stock in a report on Thursday, July 24th. TD Securities reissued a "buy" rating and set a $57.00 target price on shares of Chipotle Mexican Grill in a research note on Wednesday, June 18th. Rothschild Redb raised shares of Chipotle Mexican Grill from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, September 3rd. Finally, Guggenheim lowered their target price on shares of Chipotle Mexican Grill from $47.00 to $46.00 and set a "neutral" rating on the stock in a research note on Friday, July 25th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating and eight have given a Hold rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $59.76.

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.