Chipotle Mexican Grill, Inc. $CMG Shares Sold by Hager Investment Management Services LLC

Hager Investment Management Services LLC decreased its position in Chipotle Mexican Grill, Inc. (NYSE:CMG) by 57.9% during the 2nd quarter, Holdings Channel reports. The firm owned 3,777 shares of the restaurant operator’s stock after selling 5,205 shares during the quarter. Hager Investment Management Services LLC’s holdings in Chipotle Mexican Grill were worth $212,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Signature Resources Capital Management LLC acquired a new stake in Chipotle Mexican Grill in the second quarter valued at $28,000. Cloud Capital Management LLC acquired a new stake in shares of Chipotle Mexican Grill during the first quarter valued at $25,000. Oliver Lagore Vanvalin Investment Group acquired a new stake in shares of Chipotle Mexican Grill during the second quarter valued at $29,000. 1248 Management LLC acquired a new stake in shares of Chipotle Mexican Grill during the first quarter valued at $27,000. Finally, Saudi Central Bank acquired a new stake in shares of Chipotle Mexican Grill during the first quarter valued at $27,000. Institutional investors and hedge funds own 91.30% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms recently commented on CMG. BMO Capital Markets raised Chipotle Mexican Grill from a “market perform” rating to an “outperform” rating and increased their price objective for the company from $56.00 to $65.00 in a research note on Friday, July 18th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Chipotle Mexican Grill in a research note on Wednesday. Rothschild Redb raised Chipotle Mexican Grill from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, September 3rd. Truist Financial decreased their price objective on Chipotle Mexican Grill from $64.00 to $60.00 and set a “buy” rating on the stock in a research note on Friday, July 25th. Finally, Melius began coverage on Chipotle Mexican Grill in a research note on Monday, July 14th. They issued a “hold” rating and a $60.00 price target on the stock. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating and nine have given a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $59.28.

Chipotle Mexican Grill Price Performance

NYSE CMG opened at $41.00 on Thursday. The firm has a market capitalization of $54.98 billion, a P/E ratio of 36.61, a P/E/G ratio of 2.09 and a beta of 0.99. Chipotle Mexican Grill, Inc. has a 1-year low of $38.30 and a 1-year high of $66.74. The business’s 50-day simple moving average is $41.28 and its 200-day simple moving average is $47.78.

Chipotle Mexican Grill (NYSE:CMG) last announced its earnings results on Wednesday, July 23rd. The restaurant operator reported $0.33 EPS for the quarter, beating 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 return on equity of 43.50% and a net margin of 13.32%.The company’s revenue was up 3.0% on a year-over-year basis. During the same period last year, the business posted $0.34 EPS. On average, equities research analysts expect that Chipotle Mexican Grill, Inc. will post 1.29 EPS for the current fiscal year.

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.