Chipotle Mexican Grill, Inc. $CMG Holdings Decreased by RDA Financial Network

Key Points

• RDA Financial Network has significantly reduced its stake in Chipotle Mexican Grill, Inc. by 69.0%, selling 14,092 shares in the second quarter.
• Chipotle's stock has seen a slight decrease of 0.8% recently, with a current market price of around $38.65 and a twelve-month high of $66.74.
• Analysts have mixed outlooks on Chipotle, with target prices ranging from $55.00 to $60.00 as various firms have upgraded or adjusted ratings on the stock.

RDA Financial Network lessened its holdings in Chipotle Mexican Grill, Inc. (NYSE:CMG - Free Report) by 69.0% during the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 6,330 shares of the restaurant operator's stock after selling 14,092 shares during the quarter. RDA Financial Network's holdings in Chipotle Mexican Grill were worth $355,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Charles Schwab Investment Management Inc. raised its position in Chipotle Mexican Grill by 5.8% in 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 bought a new stake in Chipotle Mexican Grill during the 1st quarter valued at about $753,000. Advisors Asset Management Inc. raised its holdings in shares of Chipotle Mexican Grill by 32.4% in the 1st quarter. Advisors Asset Management Inc. now owns 75,368 shares of the restaurant operator's stock valued at $3,784,000 after purchasing an additional 18,458 shares in the last quarter. Banco Santander S.A. grew its position in shares of Chipotle Mexican Grill by 47.6% in the 1st quarter. Banco Santander S.A. now owns 31,764 shares of the restaurant operator's stock worth $1,595,000 after buying an additional 10,246 shares during the last quarter. Finally, Community Trust & Investment Co. purchased a new stake in Chipotle Mexican Grill during the 1st quarter worth approximately $7,773,000. Hedge funds and other institutional investors own 91.30% of the company's stock.

Chipotle Mexican Grill Stock Up 1.7%

Shares of Chipotle Mexican Grill stock traded up $0.67 on Tuesday, hitting $39.25. The company's stock had a trading volume of 23,502,586 shares, compared to its average volume of 17,213,492. Chipotle Mexican Grill, Inc. has a 52-week low of $38.30 and a 52-week high of $66.74. The firm has a fifty day moving average price of $44.88 and a 200-day moving average price of $48.90. The company has a market capitalization of $52.63 billion, a P/E ratio of 35.04, a price-to-earnings-growth ratio of 1.96 and a beta of 1.02.

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 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 firm had revenue of $3.06 billion during the quarter, compared to the consensus estimate of $3.11 billion. During the same quarter in the previous year, the company posted $0.34 EPS. The firm's revenue for the quarter was up 3.0% on a year-over-year basis. As a group, analysts expect that Chipotle Mexican Grill, Inc. will post 1.29 earnings per share for the current year.

Analysts Set New Price Targets

A number of analysts recently issued reports on CMG shares. Piper Sandler raised shares of Chipotle Mexican Grill from a "neutral" rating to an "overweight" rating and lowered their price target for the stock from $53.00 to $50.00 in a report on Tuesday, August 12th. JPMorgan Chase & Co. cut their price objective on shares of Chipotle Mexican Grill from $58.00 to $54.00 and set a "neutral" rating for the company in a research report on Thursday, May 29th. TD Cowen lowered their target price on shares of Chipotle Mexican Grill from $61.00 to $58.00 and set a "buy" rating for the company in a research note on Wednesday, July 23rd. Melius initiated coverage on shares of Chipotle Mexican Grill in a research note on Monday, July 14th. They issued a "hold" rating and a $60.00 price objective for the company. Finally, BMO Capital Markets raised shares of Chipotle Mexican Grill from a "market perform" rating to an "outperform" rating and raised their price objective for the company from $56.00 to $65.00 in a research note on Friday, July 18th. Two analysts have rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating and eight have issued a Hold rating to the stock. According to MarketBeat.com, Chipotle Mexican Grill presently has an average rating of "Moderate Buy" and a consensus target price of $59.76.

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.