Chipotle Mexican Grill, Inc. $CMG Position Lowered by Sentry Investment Management LLC

Sentry Investment Management LLC trimmed its position in Chipotle Mexican Grill, Inc. (NYSE:CMG) by 60.4% in the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 3,953 shares of the restaurant operator’s stock after selling 6,021 shares during the period. Sentry Investment Management LLC’s holdings in Chipotle Mexican Grill were worth $219,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of CMG. Ascent Group LLC grew its position in shares of Chipotle Mexican Grill by 3.5% in the 2nd quarter. Ascent Group LLC now owns 5,752 shares of the restaurant operator’s stock worth $323,000 after acquiring an additional 193 shares in the last quarter. E. Ohman J or Asset Management AB lifted its stake in Chipotle Mexican Grill by 0.3% during the second quarter. E. Ohman J or Asset Management AB now owns 59,234 shares of the restaurant operator’s stock worth $3,326,000 after purchasing an additional 194 shares during the last quarter. Occidental Asset Management LLC boosted its holdings in Chipotle Mexican Grill by 2.8% in the second quarter. Occidental Asset Management LLC now owns 7,257 shares of the restaurant operator’s stock worth $407,000 after purchasing an additional 195 shares during the period. Perennial Advisors LLC increased its stake in Chipotle Mexican Grill by 3.1% during the second quarter. Perennial Advisors LLC now owns 6,667 shares of the restaurant operator’s stock valued at $374,000 after purchasing an additional 200 shares during the last quarter. Finally, Quent Capital LLC raised its holdings in shares of Chipotle Mexican Grill by 2.0% during the second quarter. Quent Capital LLC now owns 10,555 shares of the restaurant operator’s stock worth $593,000 after purchasing an additional 208 shares during the period. Institutional investors and hedge funds own 91.30% of the company’s stock.

Analyst Ratings Changes

CMG has been the subject of several research reports. Wells Fargo & Company decreased their price target on shares of Chipotle Mexican Grill from $60.00 to $55.00 and set an “overweight” rating for the company in a report on Thursday. Truist Financial decreased their target price on Chipotle Mexican Grill from $60.00 to $53.00 and set a “buy” rating for the company in a research note on Tuesday, October 14th. KeyCorp lowered their target price on Chipotle Mexican Grill from $60.00 to $58.00 and set an “overweight” rating for the company in a report on Thursday, July 24th. UBS Group raised their price target on Chipotle Mexican Grill from $60.00 to $65.00 and gave the stock a “buy” rating in a report on Thursday, July 17th. Finally, BTIG Research restated a “buy” rating and set a $57.00 price objective on shares of Chipotle Mexican Grill in a research note on Friday, September 5th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating and nine have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Chipotle Mexican Grill currently has a consensus rating of “Moderate Buy” and a consensus price target of $57.55.

Chipotle Mexican Grill Trading Up 0.4%

Shares of NYSE CMG opened at $41.93 on Monday. Chipotle Mexican Grill, Inc. has a 12-month low of $38.30 and a 12-month high of $66.74. The company has a market cap of $56.22 billion, a PE ratio of 37.43, a P/E/G ratio of 2.53 and a beta of 0.99. The stock has a 50 day simple moving average of $41.11 and a 200-day simple moving average of $47.29.

Chipotle Mexican Grill (NYSE:CMG) last announced 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. The company had revenue of $3.06 billion during the quarter, compared to analyst estimates of $3.11 billion. Chipotle Mexican Grill had a return on equity of 43.50% and a net margin of 13.32%.The firm’s quarterly revenue was up 3.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.34 EPS. Sell-side analysts forecast that Chipotle Mexican Grill, Inc. will post 1.29 earnings per share 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.