Atria Wealth Solutions Inc. Has $1.02 Million Holdings in Chipotle Mexican Grill, Inc. $CMG

Atria Wealth Solutions Inc. reduced its holdings in Chipotle Mexican Grill, Inc. (NYSE:CMG) by 65.8% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 18,086 shares of the restaurant operator’s stock after selling 34,868 shares during the quarter. Atria Wealth Solutions Inc.’s holdings in Chipotle Mexican Grill were worth $1,017,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of the business. Sequoia Financial Advisors LLC boosted its holdings in shares of Chipotle Mexican Grill by 35.2% in the 2nd quarter. Sequoia Financial Advisors LLC now owns 40,801 shares of the restaurant operator’s stock worth $2,291,000 after acquiring an additional 10,620 shares in the last quarter. Montrusco Bolton Investments Inc. boosted its holdings in shares of Chipotle Mexican Grill by 5.5% in the 2nd quarter. Montrusco Bolton Investments Inc. now owns 5,116,087 shares of the restaurant operator’s stock worth $279,343,000 after acquiring an additional 267,097 shares in the last quarter. Cypress Capital Group acquired a new position in shares of Chipotle Mexican Grill in the 2nd quarter worth approximately $264,000. CWM LLC boosted its holdings in shares of Chipotle Mexican Grill by 25.7% in the 2nd quarter. CWM LLC now owns 73,591 shares of the restaurant operator’s stock worth $4,132,000 after acquiring an additional 15,062 shares in the last quarter. Finally, OFI Invest Asset Management boosted its holdings in shares of Chipotle Mexican Grill by 3.3% in the 2nd quarter. OFI Invest Asset Management now owns 637,711 shares of the restaurant operator’s stock worth $35,807,000 after acquiring an additional 20,402 shares in the last quarter. 91.30% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts have recently commented on CMG shares. Piper Sandler raised Chipotle Mexican Grill from a “neutral” rating to an “overweight” rating and reduced their target price for the stock from $53.00 to $50.00 in a report on Tuesday, August 12th. Raymond James Financial restated an “outperform” rating and issued a $52.00 price objective (down previously from $56.00) on shares of Chipotle Mexican Grill in a research report on Thursday. 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. Robert W. Baird dropped their price objective on shares of Chipotle Mexican Grill from $59.00 to $49.00 and set an “outperform” rating for the company in a research report on Friday, October 10th. Finally, Jefferies Financial Group dropped their price objective on shares of Chipotle Mexican Grill from $48.00 to $44.00 and set a “hold” rating for the company in a research report on Monday, October 13th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-one have given a Buy rating and nine have assigned a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $57.55.

Chipotle Mexican Grill Stock Performance

Shares of Chipotle Mexican Grill stock opened at $41.93 on Friday. The firm has a fifty day moving average of $41.11 and a two-hundred day moving average of $47.35. The stock has a market capitalization of $56.22 billion, a price-to-earnings ratio of 37.43, a PEG ratio of 2.52 and a beta of 0.99. 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) last issued 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 company had revenue of $3.06 billion during the quarter, compared to analysts’ expectations of $3.11 billion. Chipotle Mexican Grill had a net margin of 13.32% and a return on equity of 43.50%. The business’s revenue for the quarter was up 3.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.34 EPS. As a group, research analysts forecast that Chipotle Mexican Grill, Inc. will post 1.29 EPS for the current fiscal 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.