Ballentine Partners LLC Purchases 3,024 Shares of Chipotle Mexican Grill, Inc. $CMG

Ballentine Partners LLC increased its position in Chipotle Mexican Grill, Inc. (NYSE:CMG) by 19.5% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 18,512 shares of the restaurant operator’s stock after buying an additional 3,024 shares during the period. Ballentine Partners LLC’s holdings in Chipotle Mexican Grill were worth $1,039,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of the company. Compagnie Lombard Odier SCmA boosted its holdings in Chipotle Mexican Grill by 62.5% in the 2nd quarter. Compagnie Lombard Odier SCmA now owns 650 shares of the restaurant operator’s stock worth $36,000 after buying an additional 250 shares during the period. Martin Capital Advisors LLP lifted its stake in Chipotle Mexican Grill by 2.6% in the 2nd quarter. Martin Capital Advisors LLP now owns 38,897 shares of the restaurant operator’s stock worth $2,184,000 after purchasing an additional 1,000 shares in the last quarter. GSB Wealth Management LLC purchased a new stake in Chipotle Mexican Grill in the 2nd quarter worth $205,000. Occidental Asset Management LLC lifted its stake in Chipotle Mexican Grill by 2.8% in the 2nd quarter. Occidental Asset Management LLC now owns 7,257 shares of the restaurant operator’s stock worth $407,000 after purchasing an additional 195 shares in the last quarter. Finally, Gries Financial LLC lifted its stake in Chipotle Mexican Grill by 8.2% in the 2nd quarter. Gries Financial LLC now owns 6,103 shares of the restaurant operator’s stock worth $343,000 after purchasing an additional 461 shares in the last quarter. Institutional investors own 91.30% of the company’s stock.

Analyst Upgrades and Downgrades

CMG has been the topic of several research analyst reports. Citigroup decreased their price target on shares of Chipotle Mexican Grill from $68.00 to $62.00 and set a “buy” rating on the stock in a research note on Thursday, July 24th. JPMorgan Chase & Co. decreased their price target on shares of Chipotle Mexican Grill from $58.00 to $54.00 and set a “neutral” rating on the stock in a research note on Thursday, May 29th. KeyCorp decreased their price target on shares of Chipotle Mexican Grill from $60.00 to $58.00 and set an “overweight” rating on the stock in a research note on Thursday, July 24th. UBS Group boosted their price target on shares of Chipotle Mexican Grill from $60.00 to $65.00 and gave the stock a “buy” rating in a research note on Thursday, July 17th. Finally, TD Securities reiterated a “buy” rating and issued a $57.00 price target on shares of Chipotle Mexican Grill in a research note on Wednesday, June 18th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating and eight have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $59.76.

Chipotle Mexican Grill Trading Down 0.5%

Shares of NYSE CMG opened at $39.34 on Friday. The firm’s 50-day moving average price is $42.75 and its 200-day moving average price is $48.32. The stock has a market capitalization of $52.75 billion, a price-to-earnings ratio of 35.13, a P/E/G ratio of 2.01 and a beta of 1.02. Chipotle Mexican Grill, Inc. has a 12-month low of $38.30 and a 12-month high of $66.74.

Chipotle Mexican Grill (NYSE:CMG) last issued its quarterly earnings results on Wednesday, July 23rd. The restaurant operator reported $0.33 EPS for the quarter, beating the consensus estimate of $0.32 by $0.01. The company had revenue of $3.06 billion for the quarter, compared to the consensus estimate of $3.11 billion. Chipotle Mexican Grill had a net margin of 13.32% and a return on equity of 43.50%. The firm’s revenue was up 3.0% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.34 EPS. On average, equities analysts predict that Chipotle Mexican Grill, Inc. will post 1.29 EPS for the current fiscal 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.