Chipotle Mexican Grill, Inc. $CMG Shares Bought by Marietta Wealth Management LLC

Marietta Wealth Management LLC grew its position in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) by 4.4% during the 2nd quarter, according to the company in its most recent filing with the SEC. The firm owned 69,648 shares of the restaurant operator’s stock after purchasing an additional 2,961 shares during the quarter. Marietta Wealth Management LLC’s holdings in Chipotle Mexican Grill were worth $3,911,000 as of its most recent filing with the SEC.

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

Chipotle Mexican Grill Trading Up 3.7%

CMG opened at $41.78 on Friday. The stock has a fifty day moving average price of $41.47 and a 200 day moving average price of $47.93. Chipotle Mexican Grill, Inc. has a 1 year low of $38.30 and a 1 year high of $66.74. The stock has a market cap of $56.02 billion, a price-to-earnings ratio of 37.30, a PEG ratio of 2.13 and a beta of 0.99.

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

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the company. Piper Sandler upgraded Chipotle Mexican Grill from a “neutral” rating to an “overweight” rating and decreased their target price for the stock from $53.00 to $50.00 in a report on Tuesday, August 12th. BTIG Research restated a “buy” rating and issued a $57.00 target price on shares of Chipotle Mexican Grill in a report on Friday, September 5th. Rothschild & Co Redburn upgraded Chipotle Mexican Grill from a “neutral” rating to a “buy” rating and set a $55.00 target price on the stock in a report on Wednesday, September 3rd. Sanford C. Bernstein decreased their target price on Chipotle Mexican Grill from $65.00 to $60.00 and set an “outperform” rating on the stock in a report on Thursday. Finally, Citigroup decreased their target price on Chipotle Mexican Grill from $68.00 to $62.00 and set a “buy” rating on the stock in a report on Thursday, July 24th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating and nine have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $59.41.

About Chipotle Mexican Grill

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.