Vanguard Personalized Indexing Management LLC Increases Holdings in Chipotle Mexican Grill, Inc. $CMG

Vanguard Personalized Indexing Management LLC grew its holdings in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) by 22.8% in the 2nd quarter, HoldingsChannel reports. The firm owned 191,731 shares of the restaurant operator’s stock after acquiring an additional 35,586 shares during the quarter. Vanguard Personalized Indexing Management LLC’s holdings in Chipotle Mexican Grill were worth $10,766,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently made changes to their positions in the company. Vanguard Group Inc. grew its stake in shares of Chipotle Mexican Grill by 1.3% during the 1st quarter. Vanguard Group Inc. now owns 122,463,327 shares of the restaurant operator’s stock worth $6,148,884,000 after acquiring an additional 1,597,287 shares during the period. Price T Rowe Associates Inc. MD grew its stake in shares of Chipotle Mexican Grill by 7.6% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 56,827,332 shares of the restaurant operator’s stock worth $2,853,302,000 after acquiring an additional 4,027,016 shares during the period. Alliancebernstein L.P. grew its stake in shares of Chipotle Mexican Grill by 8.0% during the 1st quarter. Alliancebernstein L.P. now owns 32,505,318 shares of the restaurant operator’s stock worth $1,632,092,000 after acquiring an additional 2,404,798 shares during the period. American Century Companies Inc. grew its stake in shares of Chipotle Mexican Grill by 2.1% during the 1st quarter. American Century Companies Inc. now owns 20,662,628 shares of the restaurant operator’s stock worth $1,037,471,000 after acquiring an additional 425,648 shares during the period. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in shares of Chipotle Mexican Grill by 8.1% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 11,111,416 shares of the restaurant operator’s stock worth $557,904,000 after acquiring an additional 833,760 shares during the period. 91.30% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on CMG. UBS Group increased their price target on Chipotle Mexican Grill from $60.00 to $65.00 and gave the stock a “buy” rating in a research note on Thursday, July 17th. Weiss Ratings reiterated a “hold (c)” rating on shares of Chipotle Mexican Grill in a research note on Wednesday, October 8th. KeyCorp cut their price target on Chipotle Mexican Grill from $60.00 to $58.00 and set an “overweight” rating for the company in a research note on Thursday, July 24th. Sanford C. Bernstein cut their price target on Chipotle Mexican Grill from $65.00 to $60.00 and set an “outperform” rating for the company in a research note on Thursday, October 2nd. Finally, 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. Two investment analysts have rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating and nine have given a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $58.93.

Chipotle Mexican Grill Trading Down 2.5%

Shares of NYSE CMG opened at $39.86 on Monday. The stock has a market cap of $53.45 billion, a price-to-earnings ratio of 35.59, a P/E/G ratio of 2.04 and a beta of 0.99. Chipotle Mexican Grill, Inc. has a 1-year low of $38.30 and a 1-year high of $66.74. The stock’s 50-day moving average is $41.18 and its 200 day moving average is $47.61.

Chipotle Mexican Grill (NYSE:CMG) last announced its quarterly earnings results on Wednesday, July 23rd. The restaurant operator reported $0.33 EPS for the quarter, topping analysts’ consensus estimates of $0.32 by $0.01. The business 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 quarterly revenue was up 3.0% on a year-over-year basis. During the same period in the previous year, the firm earned $0.34 EPS. On average, analysts forecast that Chipotle Mexican Grill, Inc. will post 1.29 EPS for the current fiscal year.

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.