Janney Montgomery Scott LLC Has $27.23 Million Position in Chipotle Mexican Grill, Inc. $CMG

Janney Montgomery Scott LLC increased its holdings in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) by 8.1% during the 2nd quarter, HoldingsChannel reports. The firm owned 485,018 shares of the restaurant operator’s stock after purchasing an additional 36,337 shares during the period. Janney Montgomery Scott LLC’s holdings in Chipotle Mexican Grill were worth $27,234,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Charles Schwab Investment Management Inc. lifted its holdings in shares of Chipotle Mexican Grill by 5.8% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 8,979,637 shares of the restaurant operator’s stock valued at $450,868,000 after purchasing an additional 491,002 shares in the last quarter. Corient IA LLC bought a new stake in Chipotle Mexican Grill in the 1st quarter valued at approximately $753,000. Advisors Asset Management Inc. lifted its stake in Chipotle Mexican Grill by 32.4% in the 1st quarter. Advisors Asset Management Inc. now owns 75,368 shares of the restaurant operator’s stock valued at $3,784,000 after acquiring an additional 18,458 shares in the last quarter. Banco Santander S.A. lifted its stake in Chipotle Mexican Grill by 47.6% in the 1st quarter. Banco Santander S.A. now owns 31,764 shares of the restaurant operator’s stock valued at $1,595,000 after acquiring an additional 10,246 shares in the last quarter. Finally, Community Trust & Investment Co. bought a new stake in Chipotle Mexican Grill in the 1st quarter valued at approximately $7,773,000. Institutional investors own 91.30% of the company’s stock.

Chipotle Mexican Grill Stock Down 0.6%

Shares of Chipotle Mexican Grill stock opened at $38.96 on Thursday. Chipotle Mexican Grill, Inc. has a 12-month low of $38.30 and a 12-month high of $66.74. The stock has a market cap of $52.23 billion, a P/E ratio of 34.78, a P/E/G ratio of 2.00 and a beta of 0.99. The business’s 50 day moving average is $41.68 and its 200-day moving average is $48.04.

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

Analysts Set New Price Targets

Several equities research analysts have commented on the company. Truist Financial cut their target price on Chipotle Mexican Grill from $64.00 to $60.00 and set a “buy” rating on the stock in a research note on Friday, July 25th. TD Securities restated a “buy” rating and issued a $57.00 target price on shares of Chipotle Mexican Grill in a research note on Wednesday, June 18th. Raymond James Financial cut their target price on Chipotle Mexican Grill from $60.00 to $56.00 and set an “outperform” rating on the stock in a research note on Friday, August 15th. Stephens restated an “equal weight” rating and issued a $60.00 target price on shares of Chipotle Mexican Grill in a research note on Monday. Finally, Melius began coverage on Chipotle Mexican Grill in a research note on Monday, July 14th. They issued a “hold” rating and a $60.00 target price on the stock. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-one have given a Buy rating and eight have given a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $59.76.

Chipotle Mexican Grill 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.