First Pacific Financial Buys New Position in Chipotle Mexican Grill, Inc. $CMG

First Pacific Financial bought a new stake in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 700 shares of the restaurant operator’s stock, valued at approximately $39,000.

Several other hedge funds also recently added to or reduced their stakes in CMG. Cloud Capital Management LLC acquired a new position in Chipotle Mexican Grill during the 1st quarter valued at about $25,000. Saudi Central Bank purchased a new stake in Chipotle Mexican Grill during the 1st quarter valued at about $27,000. 1248 Management LLC purchased a new stake in Chipotle Mexican Grill during the 1st quarter valued at about $27,000. Signature Resources Capital Management LLC acquired a new position in shares of Chipotle Mexican Grill in the 2nd quarter valued at about $28,000. Finally, HighMark Wealth Management LLC lifted its holdings in shares of Chipotle Mexican Grill by 173.4% in the 1st quarter. HighMark Wealth Management LLC now owns 585 shares of the restaurant operator’s stock valued at $29,000 after buying an additional 371 shares during the period. 91.30% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on CMG shares. Rothschild Redb raised Chipotle Mexican Grill from a “hold” rating to a “strong-buy” rating in a report on Wednesday, September 3rd. BMO Capital Markets raised Chipotle Mexican Grill from a “market perform” rating to an “outperform” rating and increased their target price for the company from $56.00 to $65.00 in a report on Friday, July 18th. Guggenheim reduced their target price on Chipotle Mexican Grill from $47.00 to $46.00 and set a “neutral” rating for the company in a report on Friday, July 25th. BTIG Research restated a “buy” rating and issued a $57.00 price target on shares of Chipotle Mexican Grill in a research report on Friday, September 5th. Finally, Stifel Nicolaus dropped their price target on Chipotle Mexican Grill from $65.00 to $60.00 and set a “buy” rating for the company in a research report on Tuesday, September 9th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-one have given a Buy rating and eight have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Chipotle Mexican Grill currently has an average rating of “Moderate Buy” and an average price target of $59.76.

Chipotle Mexican Grill Stock Performance

Shares of Chipotle Mexican Grill stock opened at $38.96 on Thursday. The firm has a market capitalization of $52.23 billion, a price-to-earnings ratio of 34.78, a PEG ratio of 2.00 and a beta of 0.99. Chipotle Mexican Grill, Inc. has a fifty-two week low of $38.30 and a fifty-two week high of $66.74. The stock has a 50 day moving average of $41.68 and a 200 day moving average of $48.04.

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