U.S. Capital Wealth Advisors LLC Has $427,000 Stock Position in Chipotle Mexican Grill, Inc. $CMG

Key Points

• U.S. Capital Wealth Advisors LLC reduced its stake in Chipotle Mexican Grill by 49.4%, holding 7,598 shares valued at approximately $427,000 as of the end of the second quarter.
• Wall Street analysts have mixed ratings on Chipotle, with two analysts giving it a Strong Buy rating and the average target price set at $59.76.
• Chipotle's latest earnings report indicated a 3.0% year-over-year revenue increase despite missing consensus estimates, with earnings per share reaching $0.33.

U.S. Capital Wealth Advisors LLC lessened its holdings in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG - Free Report) by 49.4% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 7,598 shares of the restaurant operator's stock after selling 7,430 shares during the period. U.S. Capital Wealth Advisors LLC's holdings in Chipotle Mexican Grill were worth $427,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Cloud Capital Management LLC acquired a new position in Chipotle Mexican Grill in the first quarter valued at about $25,000. Saudi Central Bank acquired a new position in shares of Chipotle Mexican Grill in the 1st quarter valued at approximately $27,000. 1248 Management LLC bought a new stake in shares of Chipotle Mexican Grill during the 1st quarter worth approximately $27,000. HighMark Wealth Management LLC boosted its position in shares of Chipotle Mexican Grill by 173.4% during the 1st quarter. HighMark Wealth Management LLC now owns 585 shares of the restaurant operator's stock worth $29,000 after acquiring an additional 371 shares in the last quarter. Finally, Oliver Lagore Vanvalin Investment Group bought a new position in Chipotle Mexican Grill in the second quarter valued at approximately $29,000. Institutional investors own 91.30% of the company's stock.

Wall Street Analysts Forecast Growth

CMG has been the topic of a number of research analyst reports. Citigroup reduced their target price on Chipotle Mexican Grill from $68.00 to $62.00 and set a "buy" rating on the stock in a report on Thursday, July 24th. Rothschild & Co Redburn upgraded Chipotle Mexican Grill from a "neutral" rating to a "buy" rating and set a $55.00 target price on the stock in a research report on Wednesday, September 3rd. Truist Financial dropped their target price on shares of Chipotle Mexican Grill from $64.00 to $60.00 and set a "buy" rating for the company in a report on Friday, July 25th. JPMorgan Chase & Co. decreased their price target on shares of Chipotle Mexican Grill from $58.00 to $54.00 and set a "neutral" rating on the stock in a report on Thursday, May 29th. Finally, Stifel Nicolaus cut their target price on shares of Chipotle Mexican Grill from $65.00 to $60.00 and set a "buy" rating on the stock in a research report on Tuesday, September 9th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-one have given a Buy rating and eight have assigned a Hold rating to the company's stock. According to MarketBeat, Chipotle Mexican Grill presently has an average rating of "Moderate Buy" and a consensus target price of $59.76.

Chipotle Mexican Grill Trading Down 0.5%

NYSE:CMG opened at $39.34 on Friday. The company has a market cap of $52.75 billion, a PE ratio of 35.13, a price-to-earnings-growth ratio of 2.01 and a beta of 1.02. The company has a 50 day simple moving average of $42.75 and a two-hundred day simple moving average of $48.32. Chipotle Mexican Grill, Inc. has a 12 month low of $38.30 and a 12 month high of $66.74.

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 (EPS) for the quarter, topping analysts' consensus estimates 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 firm had revenue of $3.06 billion for the quarter, compared to the consensus estimate of $3.11 billion. During the same period last year, the business posted $0.34 EPS. The company's revenue for the quarter was up 3.0% on a year-over-year basis. Research analysts forecast 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.

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