Chipotle Mexican Grill, Inc. $CMG Shares Sold by Cetera Investment Advisers

Cetera Investment Advisers cut its stake in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) by 2.5% in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 383,795 shares of the restaurant operator’s stock after selling 9,716 shares during the quarter. Cetera Investment Advisers’ holdings in Chipotle Mexican Grill were worth $21,550,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Charles Schwab Investment Management Inc. raised its stake in Chipotle Mexican Grill by 5.8% in the first quarter. Charles Schwab Investment Management Inc. now owns 8,979,637 shares of the restaurant operator’s stock valued at $450,868,000 after buying an additional 491,002 shares in the last quarter. Corient IA LLC acquired a new position in shares of Chipotle Mexican Grill during the 1st quarter worth about $753,000. Advisors Asset Management Inc. increased its holdings in shares of Chipotle Mexican Grill by 32.4% in the 1st quarter. Advisors Asset Management Inc. now owns 75,368 shares of the restaurant operator’s stock valued at $3,784,000 after acquiring an additional 18,458 shares during the last quarter. Hilltop National Bank acquired a new stake in shares of Chipotle Mexican Grill during the 2nd quarter worth about $2,579,000. Finally, Banco Santander S.A. lifted its stake in Chipotle Mexican Grill by 47.6% during the first quarter. Banco Santander S.A. now owns 31,764 shares of the restaurant operator’s stock worth $1,595,000 after purchasing an additional 10,246 shares during the last quarter. 91.30% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

CMG has been the topic of several recent analyst reports. Guggenheim dropped their price target on shares of Chipotle Mexican Grill from $47.00 to $46.00 and set a “neutral” rating on the stock in a research note on Friday, July 25th. Rothschild & Co Redburn raised shares of 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. Morgan Stanley cut their price target on shares of Chipotle Mexican Grill from $59.00 to $50.00 and set an “overweight” rating on the stock in a research note on Thursday, October 30th. Sanford C. Bernstein restated an “outperform” rating and issued a $40.00 price objective (down previously from $60.00) on shares of Chipotle Mexican Grill in a research note on Thursday, October 30th. Finally, UBS Group set a $45.00 target price on Chipotle Mexican Grill in a research report on Friday, October 31st. Two research analysts have rated the stock with a Strong Buy rating, twenty-two have given a Buy rating, eleven have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, Chipotle Mexican Grill currently has a consensus rating of “Moderate Buy” and a consensus target price of $49.81.

Chipotle Mexican Grill Stock Performance

Shares of Chipotle Mexican Grill stock opened at $30.79 on Wednesday. The company has a market capitalization of $40.71 billion, a P/E ratio of 27.25, a PEG ratio of 2.65 and a beta of 0.98. Chipotle Mexican Grill, Inc. has a 1 year low of $29.75 and a 1 year high of $66.74. The company’s fifty day moving average is $37.81 and its two-hundred day moving average is $45.08.

Chipotle Mexican Grill (NYSE:CMG) last announced its earnings results on Wednesday, October 29th. The restaurant operator reported $0.29 earnings per share for the quarter, hitting the consensus estimate of $0.29. Chipotle Mexican Grill had a net margin of 13.04% and a return on equity of 44.32%. The business had revenue of $3 billion during the quarter, compared to the consensus estimate of $3.06 billion. During the same quarter in the prior year, the firm earned $0.27 earnings per share. The business’s quarterly revenue was up 7.5% compared to the same quarter last year. As a group, equities analysts expect that Chipotle Mexican Grill, Inc. will post 1.29 earnings per share for the current year.

Chipotle Mexican Grill Company 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.