Sowell Financial Services LLC Decreases Stock Holdings in Chipotle Mexican Grill, Inc. $CMG

Key Points

• Sowell Financial Services LLC has reduced its stake in Chipotle Mexican Grill by 43.7%, now holding 10,714 shares valued at $602,000.
• Chipotle's stock has experienced a minor decline of 0.3%, with current trading prices around $39.55, and its market capitalization stands at $53.03 billion.
• Recent earnings showed a 3.0% year-over-year revenue increase to $3.06 billion and an EPS of $0.33, beating estimates, though below the $3.11 billion revenue consensus.

Sowell Financial Services LLC lowered its stake in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG - Free Report) by 43.7% during the 2nd quarter, according to its most recent filing with the SEC. The firm owned 10,714 shares of the restaurant operator's stock after selling 8,310 shares during the period. Sowell Financial Services LLC's holdings in Chipotle Mexican Grill were worth $602,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Arthur M. Cohen & Associates LLC boosted its stake in shares of Chipotle Mexican Grill by 2.4% in the 2nd quarter. Arthur M. Cohen & Associates LLC now owns 63,103 shares of the restaurant operator's stock worth $3,543,000 after buying an additional 1,450 shares during the last quarter. Congress Park Capital LLC boosted its position in Chipotle Mexican Grill by 6.0% in the second quarter. Congress Park Capital LLC now owns 12,300 shares of the restaurant operator's stock worth $691,000 after purchasing an additional 700 shares during the last quarter. BTC Capital Management Inc. grew its stake in shares of Chipotle Mexican Grill by 21.7% during the 2nd quarter. BTC Capital Management Inc. now owns 13,284 shares of the restaurant operator's stock valued at $746,000 after purchasing an additional 2,370 shares during the period. Kaufman Rossin Wealth LLC increased its position in shares of Chipotle Mexican Grill by 10.1% during the 2nd quarter. Kaufman Rossin Wealth LLC now owns 4,627 shares of the restaurant operator's stock valued at $260,000 after purchasing an additional 425 shares during the last quarter. Finally, Farther Finance Advisors LLC lifted its stake in shares of Chipotle Mexican Grill by 14.1% in the 2nd quarter. Farther Finance Advisors LLC now owns 23,880 shares of the restaurant operator's stock worth $1,341,000 after purchasing an additional 2,959 shares during the period. 91.30% of the stock is currently owned by institutional investors.

Chipotle Mexican Grill Stock Down 0.3%

Shares of Chipotle Mexican Grill stock opened at $39.55 on Thursday. The company has a market capitalization of $53.03 billion, a price-to-earnings ratio of 35.31, a PEG ratio of 2.02 and a beta of 1.02. The stock's 50-day simple moving average is $43.03 and its 200-day simple moving average is $48.39. Chipotle Mexican Grill, Inc. has a 52 week low of $38.30 and a 52 week high of $66.74.

Chipotle Mexican Grill (NYSE:CMG - Get Free Report) last issued its earnings results on Wednesday, July 23rd. The restaurant operator reported $0.33 earnings per share (EPS) for the quarter, beating 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 company had revenue of $3.06 billion for the quarter, compared to the consensus estimate of $3.11 billion. During the same quarter last year, the company earned $0.34 EPS. The firm's quarterly revenue was up 3.0% on a year-over-year basis. On average, equities analysts expect that Chipotle Mexican Grill, Inc. will post 1.29 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on CMG shares. Stephens restated an "equal weight" rating and set a $60.00 target price on shares of Chipotle Mexican Grill in a research report on Thursday, September 11th. Citigroup cut their price objective on shares of Chipotle Mexican Grill from $68.00 to $62.00 and set a "buy" rating for the company in a research report on Thursday, July 24th. Raymond James Financial reduced their price objective on Chipotle Mexican Grill from $60.00 to $56.00 and set an "outperform" rating for the company in a research note on Friday, August 15th. Robert W. Baird lowered their target price on Chipotle Mexican Grill from $62.00 to $59.00 and set an "outperform" rating on the stock in a research report on Thursday, July 24th. Finally, Rothschild Redb raised Chipotle Mexican Grill from a "hold" rating to a "strong-buy" rating in a report on Wednesday, September 3rd. Two investment analysts have rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating and eight have assigned a Hold rating to the company's stock. According to MarketBeat, Chipotle Mexican Grill presently has a consensus rating of "Moderate Buy" and an average 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.

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