RFG Advisory LLC Increases Stake in Chipotle Mexican Grill, Inc. $CMG

RFG Advisory LLC lifted its stake in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) by 28.2% during the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 19,208 shares of the restaurant operator’s stock after buying an additional 4,223 shares during the period. RFG Advisory LLC’s holdings in Chipotle Mexican Grill were worth $1,079,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of CMG. Nuveen LLC purchased a new position in shares of Chipotle Mexican Grill during the first quarter valued at about $535,023,000. Goldman Sachs Group Inc. increased its position in shares of Chipotle Mexican Grill by 98.1% during the first quarter. Goldman Sachs Group Inc. now owns 9,900,521 shares of the restaurant operator’s stock valued at $497,105,000 after buying an additional 4,903,969 shares during the period. Montrusco Bolton Investments Inc. increased its position in shares of Chipotle Mexican Grill by 5,319.7% during the first quarter. Montrusco Bolton Investments Inc. now owns 4,848,990 shares of the restaurant operator’s stock valued at $235,580,000 after buying an additional 4,759,520 shares during the period. Price T Rowe Associates Inc. MD increased its position in shares of Chipotle Mexican Grill by 7.6% during the first quarter. Price T Rowe Associates Inc. MD now owns 56,827,332 shares of the restaurant operator’s stock valued at $2,853,302,000 after buying an additional 4,027,016 shares during the period. Finally, Manning & Napier Advisors LLC purchased a new position in shares of Chipotle Mexican Grill during the first quarter valued at about $127,892,000. Hedge funds and other institutional investors own 91.30% of the company’s stock.

Analysts Set New Price Targets

CMG has been the topic of several research reports. Robert W. Baird dropped their price objective on shares of Chipotle Mexican Grill from $59.00 to $49.00 and set an “outperform” rating on the stock in a research note on Friday, October 10th. BTIG Research reissued a “buy” rating and set a $57.00 price objective on shares of Chipotle Mexican Grill in a research note on Friday, September 5th. Barclays dropped their price objective on shares of Chipotle Mexican Grill from $55.00 to $53.00 and set an “equal weight” rating on the stock in a research note on Thursday, July 24th. Jefferies Financial Group dropped their price objective on shares of Chipotle Mexican Grill from $48.00 to $44.00 and set a “hold” rating on the stock in a research note on Monday. Finally, UBS Group boosted their price objective on shares of Chipotle Mexican Grill from $60.00 to $65.00 and gave the stock a “buy” rating in a research note on Thursday, July 17th. Two research analysts have rated the stock with a Strong Buy rating, twenty-one have given a Buy rating and nine have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $57.55.

Chipotle Mexican Grill Stock Performance

Shares of NYSE CMG opened at $41.73 on Friday. The firm’s 50 day moving average price is $41.10 and its 200-day moving average price is $47.41. The company has a market cap of $55.96 billion, a PE ratio of 37.26, a P/E/G ratio of 2.52 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 issued its earnings results on Wednesday, July 23rd. The restaurant operator reported $0.33 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.32 by $0.01. The firm had revenue of $3.06 billion for the quarter, compared to the consensus estimate of $3.11 billion. Chipotle Mexican Grill had a net margin of 13.32% and a return on equity of 43.50%. The business’s revenue was up 3.0% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.34 earnings per share. On average, analysts forecast that Chipotle Mexican Grill, Inc. will post 1.29 earnings per share 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.