Bleakley Financial Group LLC Has $2.59 Million Stock Holdings in Chipotle Mexican Grill, Inc. $CMG

Bleakley Financial Group LLC raised its stake in Chipotle Mexican Grill, Inc. (NYSE:CMG) by 15.0% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 46,093 shares of the restaurant operator’s stock after acquiring an additional 5,996 shares during the period. Bleakley Financial Group LLC’s holdings in Chipotle Mexican Grill were worth $2,588,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in CMG. Cloud Capital Management LLC acquired a new position in Chipotle Mexican Grill in the 1st quarter valued at $25,000. Saudi Central Bank acquired a new position in Chipotle Mexican Grill in the 1st quarter valued at $27,000. 1248 Management LLC acquired a new position in Chipotle Mexican Grill in the 1st quarter valued at $27,000. Signature Resources Capital Management LLC acquired a new position in Chipotle Mexican Grill in the 2nd quarter valued at $28,000. Finally, HighMark Wealth Management LLC raised its holdings in Chipotle Mexican Grill by 173.4% in the 1st quarter. HighMark Wealth Management LLC now owns 585 shares of the restaurant operator’s stock valued at $29,000 after acquiring an additional 371 shares in the last quarter. 91.30% of the stock is owned by institutional investors and hedge funds.

Chipotle Mexican Grill Stock Down 1.5%

Shares of CMG opened at $41.18 on Friday. Chipotle Mexican Grill, Inc. has a 12-month low of $38.30 and a 12-month high of $66.74. The business has a 50-day simple moving average of $40.98 and a two-hundred day simple moving average of $47.12. The stock has a market cap of $55.22 billion, a PE ratio of 36.77, a PEG ratio of 2.53 and a beta of 0.99.

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 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 business had revenue of $3.06 billion during the quarter, compared to analysts’ expectations of $3.11 billion. During the same quarter in the prior year, the firm earned $0.34 EPS. The business’s revenue for the quarter was up 3.0% compared to the same quarter last year. On average, equities research analysts expect that Chipotle Mexican Grill, Inc. will post 1.29 EPS for the current year.

Analyst Ratings Changes

Several brokerages have weighed in on CMG. Rothschild & Co Redburn raised Chipotle Mexican Grill from a “neutral” rating to a “buy” rating and set a $55.00 price objective for the company in a report on Wednesday, September 3rd. Citigroup decreased their price target on Chipotle Mexican Grill from $68.00 to $62.00 and set a “buy” rating on the stock in a research note on Thursday, July 24th. Raymond James Financial reiterated an “outperform” rating and issued a $52.00 price target (down previously from $56.00) on shares of Chipotle Mexican Grill in a research note on Thursday, October 16th. Truist Financial decreased their price target on Chipotle Mexican Grill from $60.00 to $53.00 and set a “buy” rating on the stock in a research note on Tuesday, October 14th. Finally, BTIG Research reiterated a “buy” rating and issued a $57.00 price target on shares of Chipotle Mexican Grill in a research note on Friday, September 5th. Two 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’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $56.69.

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.