Journey Advisory Group LLC Buys 582 Shares of Chipotle Mexican Grill, Inc. $CMG

Journey Advisory Group LLC grew its stake in Chipotle Mexican Grill, Inc. (NYSE:CMG) by 3.4% in the 2nd quarter, Holdings Channel.com reports. The fund owned 17,560 shares of the restaurant operator’s stock after purchasing an additional 582 shares during the quarter. Journey Advisory Group LLC’s holdings in Chipotle Mexican Grill were worth $986,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of CMG. Charles Schwab Investment Management Inc. lifted its position in Chipotle Mexican Grill by 5.8% during the first quarter. Charles Schwab Investment Management Inc. now owns 8,979,637 shares of the restaurant operator’s stock worth $450,868,000 after acquiring an additional 491,002 shares during the last quarter. Corient IA LLC bought a new position in Chipotle Mexican Grill in the first quarter valued at approximately $753,000. Advisors Asset Management Inc. increased its stake in Chipotle Mexican Grill by 32.4% in the first quarter. Advisors Asset Management Inc. now owns 75,368 shares of the restaurant operator’s stock valued at $3,784,000 after acquiring an additional 18,458 shares during the last quarter. Hilltop National Bank bought a new stake in shares of Chipotle Mexican Grill during the second quarter worth $2,579,000. Finally, Banco Santander S.A. grew its stake in shares of Chipotle Mexican Grill by 47.6% during the first quarter. Banco Santander S.A. now owns 31,764 shares of the restaurant operator’s stock worth $1,595,000 after buying an additional 10,246 shares during the last quarter. 91.30% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

CMG has been the topic of several analyst reports. Raymond James Financial reissued an “outperform” rating and issued a $52.00 price objective (down previously from $56.00) on shares of Chipotle Mexican Grill in a research note on Thursday, October 16th. KeyCorp dropped their target price on shares of Chipotle Mexican Grill from $58.00 to $52.00 and set an “overweight” rating on the stock in a report on Monday. 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 report on Friday, October 10th. Guggenheim decreased their target price on shares of Chipotle Mexican Grill from $47.00 to $46.00 and set a “neutral” rating for the company in a research report on Friday, July 25th. Finally, Rothschild & Co Redburn raised shares of Chipotle Mexican Grill from a “neutral” rating to a “buy” rating and set a $55.00 target price for the company in a research report on Wednesday, September 3rd. Two investment analysts have rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating and nine have given a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $57.03.

Chipotle Mexican Grill Stock Down 0.5%

Chipotle Mexican Grill stock opened at $41.64 on Tuesday. Chipotle Mexican Grill, Inc. has a twelve month low of $38.30 and a twelve month high of $66.74. The firm has a 50 day moving average price of $41.11 and a 200-day moving average price of $47.25. The company has a market capitalization of $55.84 billion, a P/E ratio of 37.18, a P/E/G ratio of 2.53 and a beta of 0.99.

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, beating analysts’ consensus estimates of $0.32 by $0.01. The company had revenue of $3.06 billion for the quarter, compared to analysts’ expectations of $3.11 billion. Chipotle Mexican Grill had a net margin of 13.32% and a return on equity of 43.50%. Chipotle Mexican Grill’s revenue was up 3.0% compared to the same quarter last year. During the same period in the prior year, the company posted $0.34 EPS. Equities analysts expect that Chipotle Mexican Grill, Inc. will post 1.29 EPS for the current fiscal year.

Chipotle Mexican Grill 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.