Souders Financial Advisors Lowers Stock Holdings in Chipotle Mexican Grill, Inc. $CMG

Souders Financial Advisors reduced its position in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) by 20.8% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 10,734 shares of the restaurant operator’s stock after selling 2,819 shares during the quarter. Souders Financial Advisors’ holdings in Chipotle Mexican Grill were worth $603,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Signature Resources Capital Management LLC purchased a new stake in Chipotle Mexican Grill in the second quarter worth about $28,000. Activest Wealth Management increased its position in Chipotle Mexican Grill by 109.3% during the 2nd quarter. Activest Wealth Management now owns 517 shares of the restaurant operator’s stock valued at $29,000 after purchasing an additional 270 shares during the period. Oliver Lagore Vanvalin Investment Group bought a new stake in shares of Chipotle Mexican Grill in the 2nd quarter valued at about $29,000. 1248 Management LLC purchased a new stake in shares of Chipotle Mexican Grill in the 1st quarter worth approximately $27,000. Finally, Saudi Central Bank bought a new position in shares of Chipotle Mexican Grill during the first quarter valued at approximately $27,000. Institutional investors own 91.30% of the company’s stock.

Analyst Upgrades and Downgrades

CMG has been the subject of a number of recent research reports. TD Cowen reduced their price objective on shares of Chipotle Mexican Grill from $45.00 to $40.00 and set a “buy” rating for the company in a research note on Thursday, October 30th. Barclays decreased their price objective on Chipotle Mexican Grill from $43.00 to $38.00 and set an “equal weight” rating for the company in a research note on Thursday, October 30th. Sanford C. Bernstein restated an “outperform” rating and issued a $40.00 price target (down from $60.00) on shares of Chipotle Mexican Grill in a report on Thursday, October 30th. Mizuho set a $34.00 target price on shares of Chipotle Mexican Grill in a research report on Thursday, October 30th. Finally, JPMorgan Chase & Co. lowered their target price on shares of Chipotle Mexican Grill from $44.00 to $40.00 and set a “neutral” rating for the company in a research note on Thursday, October 30th. Two analysts have rated the stock with a Strong Buy rating, twenty-two have given a Buy rating, eleven have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $49.81.

Chipotle Mexican Grill Price Performance

CMG opened at $30.58 on Friday. The firm has a fifty day moving average price of $39.47 and a 200 day moving average price of $46.20. Chipotle Mexican Grill, Inc. has a 1 year low of $30.48 and a 1 year high of $66.74. The stock has a market cap of $41.00 billion, a P/E ratio of 27.06, a P/E/G ratio of 2.65 and a beta of 0.98.

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