Oppenheimer Asset Management Inc. Boosts Stake in Chipotle Mexican Grill, Inc. $CMG

Oppenheimer Asset Management Inc. lifted its holdings in Chipotle Mexican Grill, Inc. (NYSE:CMG) by 7.1% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 382,541 shares of the restaurant operator’s stock after buying an additional 25,294 shares during the quarter. Oppenheimer Asset Management Inc.’s holdings in Chipotle Mexican Grill were worth $21,480,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of CMG. Cloud Capital Management LLC purchased a new stake in shares of Chipotle Mexican Grill in the first quarter valued at approximately $25,000. Saudi Central Bank acquired a new position in Chipotle Mexican Grill during the first quarter worth $27,000. 1248 Management LLC acquired a new position in Chipotle Mexican Grill during the first quarter worth $27,000. Signature Resources Capital Management LLC acquired a new position in Chipotle Mexican Grill during the second quarter worth $28,000. Finally, Oliver Lagore Vanvalin Investment Group acquired a new position in shares of Chipotle Mexican Grill in the second quarter worth $29,000. 91.30% of the stock is currently owned by hedge funds and other institutional investors.

Chipotle Mexican Grill Price Performance

Shares of NYSE:CMG opened at $41.18 on Friday. The firm has a market capitalization of $55.22 billion, a PE ratio of 36.77, a P/E/G ratio of 2.49 and a beta of 0.99. The business has a 50-day moving average of $40.98 and a two-hundred day moving average of $47.12. Chipotle Mexican Grill, Inc. has a 12 month low of $38.30 and a 12 month high of $66.74.

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 the consensus estimate of $0.32 by $0.01. The company had revenue of $3.06 billion during the quarter, compared to analyst estimates of $3.11 billion. Chipotle Mexican Grill had a return on equity of 43.50% and a net margin of 13.32%.The firm’s revenue was up 3.0% on a year-over-year basis. During the same period in the prior year, the firm posted $0.34 earnings per share. As a group, research analysts anticipate that Chipotle Mexican Grill, Inc. will post 1.29 earnings per share for the current year.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on the company. Guggenheim cut their price target on Chipotle Mexican Grill from $47.00 to $46.00 and set a “neutral” rating for the company in a report on Friday, July 25th. Wells Fargo & Company cut their price target on Chipotle Mexican Grill from $60.00 to $55.00 and set an “overweight” rating for the company in a report on Thursday, October 16th. Rothschild Redb raised Chipotle Mexican Grill from a “hold” rating to a “strong-buy” rating in a report on Wednesday, September 3rd. Stifel Nicolaus cut their price target on Chipotle Mexican Grill from $65.00 to $60.00 and set a “buy” rating for the company in a report on Tuesday, September 9th. Finally, Rothschild & Co Redburn raised Chipotle Mexican Grill from a “neutral” rating to a “buy” rating and set a $55.00 price target for the company in a report on Wednesday, September 3rd. 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 company’s stock. Based on data from MarketBeat.com, Chipotle Mexican Grill has a consensus rating of “Moderate Buy” and a consensus target price of $56.69.

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.