Peloton Wealth Strategists Boosts Stake in Chipotle Mexican Grill, Inc. (CMG)

Peloton Wealth Strategists grew its stake in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) by 7.4% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 3,055 shares of the restaurant operator’s stock after acquiring an additional 210 shares during the period. Peloton Wealth Strategists’ holdings in Chipotle Mexican Grill were worth $1,271,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of the company. Raymond James Trust N.A. lifted its position in shares of Chipotle Mexican Grill by 10.1% during the 2nd quarter. Raymond James Trust N.A. now owns 545 shares of the restaurant operator’s stock valued at $227,000 after acquiring an additional 50 shares during the period. Stephens Inc. AR lifted its position in shares of Chipotle Mexican Grill by 12.8% during the 2nd quarter. Stephens Inc. AR now owns 846 shares of the restaurant operator’s stock valued at $352,000 after acquiring an additional 96 shares during the period. Oak Ridge Investments LLC lifted its position in shares of Chipotle Mexican Grill by 7.9% during the 2nd quarter. Oak Ridge Investments LLC now owns 2,855 shares of the restaurant operator’s stock valued at $1,188,000 after acquiring an additional 208 shares during the period. Financial Counselors Inc. lifted its position in shares of Chipotle Mexican Grill by 23.2% during the 2nd quarter. Financial Counselors Inc. now owns 9,597 shares of the restaurant operator’s stock valued at $3,993,000 after acquiring an additional 1,806 shares during the period. Finally, Alliancebernstein L.P. lifted its position in shares of Chipotle Mexican Grill by 1.5% during the 2nd quarter. Alliancebernstein L.P. now owns 371,270 shares of the restaurant operator’s stock valued at $154,485,000 after acquiring an additional 5,412 shares during the period. Institutional investors own 90.32% of the company’s stock.

A number of equities research analysts have recently issued reports on the stock. Cowen and Company downgraded shares of Chipotle Mexican Grill from a “market perform” rating to an “underperform” rating and reduced their price target for the company from $370.00 to $250.00 in a research report on Friday. ValuEngine downgraded shares of Chipotle Mexican Grill from a “hold” rating to a “sell” rating in a research report on Friday, September 1st. Robert W. Baird reiterated a “hold” rating and set a $385.00 price target on shares of Chipotle Mexican Grill in a research report on Friday, September 1st. Credit Suisse Group reiterated a “neutral” rating and set a $320.00 price target (down from $335.00) on shares of Chipotle Mexican Grill in a research report on Friday, August 25th. Finally, Standpoint Research upgraded shares of Chipotle Mexican Grill from an “underperform” rating to a “hold” rating in a research report on Friday, August 25th. Six equities research analysts have rated the stock with a sell rating, twenty-three have issued a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Chipotle Mexican Grill presently has a consensus rating of “Hold” and a consensus target price of $403.13.

Shares of Chipotle Mexican Grill, Inc. (CMG) traded up 0.14% during midday trading on Tuesday, hitting $305.56. 279,450 shares of the stock were exchanged. The stock’s 50 day moving average is $325.07 and its 200 day moving average is $412.85. The firm has a market cap of $8.71 billion, a P/E ratio of 65.68 and a beta of 0.64. Chipotle Mexican Grill, Inc. has a 12-month low of $296.00 and a 12-month high of $499.00.

Chipotle Mexican Grill (NYSE:CMG) last posted its earnings results on Tuesday, July 25th. The restaurant operator reported $2.32 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.16 by $0.16. Chipotle Mexican Grill had a net margin of 3.17% and a return on equity of 10.65%. The business had revenue of $1.17 billion for the quarter, compared to analyst estimates of $1.19 billion. During the same period last year, the business posted $0.87 EPS. Chipotle Mexican Grill’s revenue was up 17.1% compared to the same quarter last year. On average, equities research analysts forecast that Chipotle Mexican Grill, Inc. will post $7.60 earnings per share for the current fiscal year.

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About Chipotle Mexican Grill

Chipotle Mexican Grill, Inc (Chipotle), together with its subsidiaries, operates Chipotle Mexican Grill restaurants. The Company’s Chipotle Mexican Grill restaurants serve a menu of burritos, tacos, burrito bowls (a burrito without the tortilla) and salads. As of December 31, 2016, the Company managed its operations and restaurants based on 11 regions.

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

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