Strategic Blueprint LLC Sells 31,752 Shares of Chipotle Mexican Grill, Inc. $CMG

Key Points

• Strategic Blueprint LLC reduced its stake in Chipotle Mexican Grill by 55.3%, selling 31,752 shares and retaining a total of 25,653 shares valued at $1,440,000.
• Several hedge funds have either acquired new stakes or increased their holdings in Chipotle, with institutional investors now owning 91.30% of the company's stock.
• Analyst ratings for Chipotle show a consensus of Moderate Buy, with an average target price of $56.69, despite recent adjustments in target prices by various analysts.

Strategic Blueprint LLC lessened its stake in Chipotle Mexican Grill, Inc. (NYSE:CMG - Free Report) by 55.3% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 25,653 shares of the restaurant operator's stock after selling 31,752 shares during the quarter. Strategic Blueprint LLC's holdings in Chipotle Mexican Grill were worth $1,440,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Signature Resources Capital Management LLC bought a new stake in Chipotle Mexican Grill during the 2nd quarter valued at $28,000. Cloud Capital Management LLC bought a new stake in Chipotle Mexican Grill during the 1st quarter valued at $25,000. Activest Wealth Management raised its holdings in Chipotle Mexican Grill by 109.3% during the 2nd quarter. Activest Wealth Management now owns 517 shares of the restaurant operator's stock valued at $29,000 after acquiring an additional 270 shares during the period. Oliver Lagore Vanvalin Investment Group bought a new stake in Chipotle Mexican Grill during the 2nd quarter valued at $29,000. Finally, 1248 Management LLC bought a new stake in Chipotle Mexican Grill during the 1st quarter valued at $27,000. Institutional investors own 91.30% of the company's stock.

Analyst Upgrades and Downgrades

CMG has been the topic of a number of analyst reports. Robert W. Baird lowered their target price on shares of Chipotle Mexican Grill from $59.00 to $49.00 and set an "outperform" rating on the stock in a report on Friday, October 10th. Rothschild Redb upgraded shares of Chipotle Mexican Grill from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, September 3rd. Stifel Nicolaus cut their target price on shares of Chipotle Mexican Grill from $65.00 to $60.00 and set a "buy" rating for the company in a research report on Tuesday, September 9th. 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 research note on Tuesday, August 12th. Finally, KeyCorp lowered their price objective on shares of Chipotle Mexican Grill from $58.00 to $52.00 and set an "overweight" rating for the company in a research note on Monday, October 20th. Two research analysts have rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating and nine have assigned a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $56.69.

Chipotle Mexican Grill Trading Down 1.5%

Shares of CMG stock opened at $41.18 on Friday. Chipotle Mexican Grill, Inc. has a 12-month low of $38.30 and a 12-month high of $66.74. The firm's 50 day moving average is $40.98 and its 200 day moving average is $47.12. The stock has a market capitalization of $55.22 billion, a P/E ratio of 36.77, a P/E/G ratio of 2.53 and a beta of 0.99.

Chipotle Mexican Grill (NYSE:CMG - Get Free Report) last released its quarterly earnings results on Wednesday, July 23rd. The restaurant operator reported $0.33 earnings per share for the quarter, topping the consensus estimate of $0.32 by $0.01. The business had revenue of $3.06 billion for the quarter, compared to the consensus estimate of $3.11 billion. Chipotle Mexican Grill had a net margin of 13.32% and a return on equity of 43.50%. The company's quarterly revenue was up 3.0% on a year-over-year basis. During the same period last year, the firm earned $0.34 earnings per share. As a group, equities analysts predict that Chipotle Mexican Grill, Inc. will post 1.29 earnings per share for the current year.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.