Stratos Wealth Partners LTD. Sells 11,003 Shares of Chipotle Mexican Grill, Inc. $CMG

Key Points

• Stratos Wealth Partners LTD. reduced its stake in Chipotle Mexican Grill by 7.6%, selling 11,003 shares and maintaining ownership of 134,034 shares, valued at approximately $7.5 million.
• Several institutional investors increased their holdings in Chipotle during the first quarter, with Vanguard Group INC. acquiring an additional 1.6 million shares, lifting its total to 122.5 million shares.
• Chipotle’s stock has seen fluctuations, opening at $41.93, with a 1-year low of $38.30 and a 1-year high of $66.74, as it also reported earnings that slightly exceeded analyst expectations.

Stratos Wealth Partners LTD. lessened its stake in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG - Free Report) by 7.6% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 134,034 shares of the restaurant operator's stock after selling 11,003 shares during the period. Stratos Wealth Partners LTD.'s holdings in Chipotle Mexican Grill were worth $7,526,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Vanguard Group Inc. boosted its holdings in shares of Chipotle Mexican Grill by 1.3% during the 1st quarter. Vanguard Group Inc. now owns 122,463,327 shares of the restaurant operator's stock valued at $6,148,884,000 after purchasing an additional 1,597,287 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its holdings in shares of Chipotle Mexican Grill by 7.6% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 56,827,332 shares of the restaurant operator's stock valued at $2,853,302,000 after purchasing an additional 4,027,016 shares during the last quarter. Alliancebernstein L.P. boosted its holdings in shares of Chipotle Mexican Grill by 8.0% during the 1st quarter. Alliancebernstein L.P. now owns 32,505,318 shares of the restaurant operator's stock valued at $1,632,092,000 after purchasing an additional 2,404,798 shares during the last quarter. American Century Companies Inc. boosted its holdings in shares of Chipotle Mexican Grill by 2.1% during the 1st quarter. American Century Companies Inc. now owns 20,662,628 shares of the restaurant operator's stock valued at $1,037,471,000 after purchasing an additional 425,648 shares during the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in shares of Chipotle Mexican Grill by 8.1% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 11,111,416 shares of the restaurant operator's stock valued at $557,904,000 after purchasing an additional 833,760 shares during the last quarter. Institutional investors own 91.30% of the company's stock.

Chipotle Mexican Grill Price Performance

Chipotle Mexican Grill stock opened at $41.93 on Friday. Chipotle Mexican Grill, Inc. has a 1-year low of $38.30 and a 1-year high of $66.74. The firm has a market capitalization of $56.22 billion, a P/E ratio of 37.43, a price-to-earnings-growth ratio of 2.52 and a beta of 0.99. The company's 50-day moving average is $41.11 and its 200 day moving average is $47.35.

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, topping analysts' consensus estimates 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 for the quarter, compared to analyst estimates of $3.11 billion. During the same period in the prior year, the company posted $0.34 EPS. The firm's revenue for the quarter was up 3.0% on a year-over-year basis. Research analysts anticipate that Chipotle Mexican Grill, Inc. will post 1.29 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research analysts have commented on CMG shares. Stifel Nicolaus dropped their price objective on shares of Chipotle Mexican Grill from $65.00 to $60.00 and set a "buy" rating for the company in a report on Tuesday, September 9th. Sanford C. Bernstein lowered their price target on shares of Chipotle Mexican Grill from $65.00 to $60.00 and set an "outperform" rating for the company in a report on Thursday, October 2nd. Rothschild Redb raised shares of Chipotle Mexican Grill from a "hold" rating to a "strong-buy" rating in a report on Wednesday, September 3rd. Piper Sandler raised shares of Chipotle Mexican Grill from a "neutral" rating to an "overweight" rating and lowered their price target for the company from $53.00 to $50.00 in a report on Tuesday, August 12th. Finally, Jefferies Financial Group lowered their price target on shares of Chipotle Mexican Grill from $48.00 to $44.00 and set a "hold" rating for the company in a report on Monday, October 13th. Two research analysts have rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating and nine have given a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $57.55.

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.

Want to see what other hedge funds are holding CMG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Chipotle Mexican Grill, Inc. (NYSE:CMG - Free Report).

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.