Peloton Wealth Strategists Has $629,000 Holdings in Chipotle Mexican Grill, Inc. $CMG

Peloton Wealth Strategists decreased its stake in Chipotle Mexican Grill, Inc. (NYSE:CMG) by 70.2% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 17,000 shares of the restaurant operator’s stock after selling 40,115 shares during the quarter. Peloton Wealth Strategists’ holdings in Chipotle Mexican Grill were worth $629,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Revolve Wealth Partners LLC grew its holdings in shares of Chipotle Mexican Grill by 4.7% in the 4th quarter. Revolve Wealth Partners LLC now owns 4,804 shares of the restaurant operator’s stock worth $290,000 after purchasing an additional 214 shares during the last quarter. Bison Wealth LLC bought a new position in Chipotle Mexican Grill during the 4th quarter valued at about $224,000. Empowered Funds LLC boosted its position in Chipotle Mexican Grill by 5.5% in the first quarter. Empowered Funds LLC now owns 26,460 shares of the restaurant operator’s stock valued at $1,329,000 after buying an additional 1,368 shares in the last quarter. Osterweis Capital Management Inc. boosted its position in Chipotle Mexican Grill by 7,176.0% in the second quarter. Osterweis Capital Management Inc. now owns 1,819 shares of the restaurant operator’s stock valued at $102,000 after buying an additional 1,794 shares in the last quarter. Finally, Ieq Capital LLC grew its stake in Chipotle Mexican Grill by 88.8% during the second quarter. Ieq Capital LLC now owns 274,375 shares of the restaurant operator’s stock worth $15,406,000 after buying an additional 129,066 shares during the last quarter. 91.30% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on CMG. Barclays dropped their price objective on shares of Chipotle Mexican Grill from $40.00 to $38.00 and set an “equal weight” rating for the company in a report on Thursday, April 30th. Royal Bank Of Canada restated an “outperform” rating and set a $45.00 price target on shares of Chipotle Mexican Grill in a research report on Thursday, April 30th. JPMorgan Chase & Co. raised Chipotle Mexican Grill from a “neutral” rating to an “overweight” rating and dropped their price target for the company from $38.00 to $35.00 in a report on Friday, June 5th. BNP Paribas Exane boosted their price objective on Chipotle Mexican Grill from $37.00 to $39.00 and gave the stock a “neutral” rating in a research note on Thursday, April 30th. Finally, Wall Street Zen upgraded Chipotle Mexican Grill from a “sell” rating to a “hold” rating in a report on Saturday, March 7th. Twenty-four investment analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, Chipotle Mexican Grill presently has a consensus rating of “Moderate Buy” and an average target price of $45.48.

Chipotle Mexican Grill Price Performance

Shares of Chipotle Mexican Grill stock opened at $32.66 on Wednesday. The firm has a 50 day simple moving average of $32.73 and a 200 day simple moving average of $35.20. Chipotle Mexican Grill, Inc. has a fifty-two week low of $28.03 and a fifty-two week high of $58.42. The firm has a market cap of $41.90 billion, a P/E ratio of 29.97, a P/E/G ratio of 2.11 and a beta of 0.99.

Chipotle Mexican Grill (NYSE:CMG) last posted its quarterly earnings data on Wednesday, April 29th. The restaurant operator reported $0.24 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.24. The firm had revenue of $3.09 billion for the quarter, compared to the consensus estimate of $3.07 billion. Chipotle Mexican Grill had a return on equity of 49.64% and a net margin of 11.96%.The business’s revenue for the quarter was up 7.4% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.29 EPS. On average, sell-side analysts expect that Chipotle Mexican Grill, Inc. will post 1.13 EPS for the current year.

About Chipotle Mexican Grill

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.