Moran Wealth Management LLC Sells 253,042 Shares of Chipotle Mexican Grill, Inc. $CMG

Moran Wealth Management LLC cut its holdings in shares of Chipotle Mexican Grill, Inc. (NYSE:CMGFree Report) by 53.8% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 217,172 shares of the restaurant operator’s stock after selling 253,042 shares during the period. Moran Wealth Management LLC’s holdings in Chipotle Mexican Grill were worth $6,952,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of CMG. Capital World Investors raised its position in Chipotle Mexican Grill by 122.7% in the 3rd quarter. Capital World Investors now owns 87,844,788 shares of the restaurant operator’s stock worth $3,442,645,000 after buying an additional 48,398,628 shares during the last quarter. Norges Bank purchased a new position in shares of Chipotle Mexican Grill during the fourth quarter valued at approximately $711,837,000. Vanguard Group Inc. lifted its position in Chipotle Mexican Grill by 14.8% during the fourth quarter. Vanguard Group Inc. now owns 144,588,220 shares of the restaurant operator’s stock valued at $5,349,764,000 after purchasing an additional 18,660,882 shares during the period. Capital International Investors lifted its position in Chipotle Mexican Grill by 42.4% during the third quarter. Capital International Investors now owns 38,497,927 shares of the restaurant operator’s stock valued at $1,509,043,000 after purchasing an additional 11,471,658 shares during the period. Finally, Clearbridge Investments LLC boosted its holdings in Chipotle Mexican Grill by 206.4% in the fourth quarter. Clearbridge Investments LLC now owns 14,062,158 shares of the restaurant operator’s stock worth $520,300,000 after purchasing an additional 9,473,120 shares during the last quarter. 91.30% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on the stock. Stephens lifted their target price on shares of Chipotle Mexican Grill from $38.00 to $39.00 and gave the stock an “equal weight” rating in a research report on Thursday, April 30th. Citigroup raised their price target on Chipotle Mexican Grill from $44.00 to $46.00 and gave the stock a “buy” rating in a research note on Thursday, April 30th. TD Cowen reaffirmed a “buy” rating and issued a $44.00 price objective on shares of Chipotle Mexican Grill in a report on Thursday, April 30th. Stifel Nicolaus reiterated a “buy” rating on shares of Chipotle Mexican Grill in a research report on Monday, March 9th. Finally, Piper Sandler lowered their target price on Chipotle Mexican Grill from $44.00 to $42.00 and set an “overweight” rating on the stock in a report on Thursday, April 30th. Twenty-three analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $45.10.

Get Our Latest Report on CMG

Chipotle Mexican Grill Price Performance

Shares of Chipotle Mexican Grill stock opened at $35.37 on Friday. The company’s fifty day simple moving average is $32.28 and its 200-day simple moving average is $35.08. The stock has a market capitalization of $45.37 billion, a PE ratio of 32.45, a P/E/G ratio of 2.29 and a beta of 0.97. Chipotle Mexican Grill, Inc. has a 1-year low of $28.03 and a 1-year high of $57.25.

Chipotle Mexican Grill (NYSE:CMGGet Free Report) last announced its earnings results on Wednesday, April 29th. The restaurant operator reported $0.24 EPS for the quarter, hitting analysts’ consensus estimates of $0.24. Chipotle Mexican Grill had a return on equity of 49.64% and a net margin of 11.96%.The company had revenue of $3.09 billion for the quarter, compared to analysts’ expectations of $3.07 billion. During the same period last year, the firm earned $0.29 EPS. Chipotle Mexican Grill’s revenue for the quarter was up 7.4% compared to the same quarter last year. As a group, research analysts anticipate that Chipotle Mexican Grill, Inc. will post 1.13 EPS for the current year.

Chipotle Mexican Grill Profile

(Free Report)

Chipotle Mexican Grill is a fast-casual restaurant company known for its Mexican-inspired menu of burritos, bowls, tacos and salads. Founded in 1993 by Steve Ells, the chain emphasizes fresh, customizable meals made from a limited menu of core ingredients and a focus on ingredient quality. Chipotle operates primarily company-owned restaurants and offers dine-in, takeout, catering and delivery through its own digital platforms and third-party partners.

The company is headquartered in Newport Beach, California, and traces its roots to Denver, Colorado.

Further Reading

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Institutional Ownership by Quarter for Chipotle Mexican Grill (NYSE:CMG)

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