Cypress Capital Group Acquires New Shares in Chipotle Mexican Grill, Inc. $CMG

Cypress Capital Group bought a new position in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 4,703 shares of the restaurant operator’s stock, valued at approximately $264,000.

A number of other large investors have also recently made changes to their positions in the stock. Signature Resources Capital Management LLC purchased a new stake in Chipotle Mexican Grill during the 2nd quarter worth about $28,000. Cloud Capital Management LLC bought a new stake in shares of Chipotle Mexican Grill during the first quarter valued at about $25,000. Oliver Lagore Vanvalin Investment Group bought a new stake in shares of Chipotle Mexican Grill during the second quarter valued at about $29,000. 1248 Management LLC purchased a new stake in shares of Chipotle Mexican Grill in the first quarter worth about $27,000. Finally, Saudi Central Bank bought a new position in shares of Chipotle Mexican Grill in the first quarter valued at approximately $27,000. 91.30% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the stock. Citigroup decreased their target price on shares of Chipotle Mexican Grill from $68.00 to $62.00 and set a “buy” rating on the stock in a report on Thursday, July 24th. Wells Fargo & Company decreased their price target on shares of Chipotle Mexican Grill from $65.00 to $60.00 and set an “overweight” rating on the stock in a report on Thursday, July 24th. Barclays lowered their price objective on Chipotle Mexican Grill from $55.00 to $53.00 and set an “equal weight” rating on the stock in a research report on Thursday, July 24th. UBS Group boosted their target price on Chipotle Mexican Grill from $60.00 to $65.00 and gave the stock a “buy” rating in a research report on Thursday, July 17th. Finally, Stifel Nicolaus lowered their price target on Chipotle Mexican Grill from $65.00 to $60.00 and set a “buy” rating on the stock in a report on Tuesday, September 9th. 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 stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $58.31.

Chipotle Mexican Grill Stock Up 2.7%

Shares of NYSE CMG opened at $40.91 on Tuesday. The firm’s 50-day moving average price is $41.15 and its 200-day moving average price is $47.55. Chipotle Mexican Grill, Inc. has a 52-week low of $38.30 and a 52-week high of $66.74. The company has a market cap of $54.85 billion, a PE ratio of 36.52, a PEG ratio of 2.04 and a beta of 0.99.

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