111 Capital Purchases New Position in Chipotle Mexican Grill, Inc. $CMG

111 Capital acquired a new position 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 (SEC). The institutional investor acquired 6,975 shares of the restaurant operator’s stock, valued at approximately $392,000.

A number of other institutional investors also recently modified their holdings of the company. Cloud Capital Management LLC acquired a new stake in Chipotle Mexican Grill during the 1st quarter valued at $25,000. Saudi Central Bank acquired a new position in Chipotle Mexican Grill in the first quarter worth $27,000. 1248 Management LLC bought a new stake in shares of Chipotle Mexican Grill during the first quarter worth $27,000. Signature Resources Capital Management LLC acquired a new stake in shares of Chipotle Mexican Grill in the second quarter valued at $28,000. Finally, HighMark Wealth Management LLC raised its holdings in shares of Chipotle Mexican Grill by 173.4% in the first 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 last quarter. Institutional investors own 91.30% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have commented on CMG. Raymond James Financial decreased their price objective on shares of Chipotle Mexican Grill from $60.00 to $56.00 and set an “outperform” rating on the stock in a report on Friday, August 15th. UBS Group increased their price target on shares of Chipotle Mexican Grill from $60.00 to $65.00 and gave the company a “buy” rating in a research note on Thursday, July 17th. Sanford C. Bernstein lowered their price target on shares of Chipotle Mexican Grill from $65.00 to $60.00 and set an “outperform” rating for the company in a report on Thursday. TD Cowen reaffirmed a “buy” rating and set a $58.00 price objective on shares of Chipotle Mexican Grill in a report on Friday, September 19th. Finally, BTIG Research reiterated a “buy” rating and issued a $57.00 price objective on shares of Chipotle Mexican Grill in a research report on Friday, September 5th. Two analysts have rated the stock with a Strong Buy rating, twenty-one have given a Buy rating and nine have given a Hold rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $59.41.

Chipotle Mexican Grill Stock Performance

CMG opened at $41.78 on Monday. The company has a fifty day moving average price of $41.47 and a two-hundred day moving average price of $47.92. The firm has a market capitalization of $56.02 billion, a PE ratio of 37.30, a P/E/G ratio of 2.13 and a beta of 0.99. Chipotle Mexican Grill, Inc. has a 52 week low of $38.30 and a 52 week high of $66.74.

Chipotle Mexican Grill (NYSE:CMG) last posted its quarterly earnings results on Wednesday, July 23rd. The restaurant operator reported $0.33 earnings per share 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 company had revenue of $3.06 billion for the quarter, compared to the consensus estimate of $3.11 billion. During the same quarter in the prior year, the business posted $0.34 EPS. The firm’s quarterly revenue was up 3.0% on a year-over-year basis. Equities 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.