Brookwood Investment Group LLC Invests $235,000 in Chipotle Mexican Grill, Inc. $CMG

Brookwood Investment Group LLC acquired a new position in Chipotle Mexican Grill, Inc. (NYSE:CMG) in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 4,181 shares of the restaurant operator’s stock, valued at approximately $235,000.

A number of other hedge funds have also recently made changes to their positions in the business. Ashton Thomas Private Wealth LLC boosted its stake in shares of Chipotle Mexican Grill by 21.4% in the second quarter. Ashton Thomas Private Wealth LLC now owns 10,945 shares of the restaurant operator’s stock worth $615,000 after acquiring an additional 1,929 shares during the period. Envestnet Asset Management Inc. raised its holdings in shares of Chipotle Mexican Grill by 4.0% in the second quarter. Envestnet Asset Management Inc. now owns 4,316,414 shares of the restaurant operator’s stock worth $242,367,000 after buying an additional 165,470 shares during the period. Nisa Investment Advisors LLC raised its holdings in shares of Chipotle Mexican Grill by 0.6% in the second quarter. Nisa Investment Advisors LLC now owns 401,141 shares of the restaurant operator’s stock worth $22,524,000 after buying an additional 2,474 shares during the period. Resonant Capital Advisors LLC purchased a new stake in shares of Chipotle Mexican Grill in the second quarter worth approximately $297,000. Finally, New Hampshire Trust raised its holdings in shares of Chipotle Mexican Grill by 11.0% in the second quarter. New Hampshire Trust now owns 6,212 shares of the restaurant operator’s stock worth $349,000 after buying an additional 616 shares during the period. Institutional investors own 91.30% of the company’s stock.

Chipotle Mexican Grill Trading Down 1.8%

Chipotle Mexican Grill stock opened at $40.34 on Wednesday. Chipotle Mexican Grill, Inc. has a twelve month low of $38.30 and a twelve month high of $66.74. The stock’s fifty day simple moving average is $40.88 and its 200-day simple moving average is $46.96. The firm has a market capitalization of $54.09 billion, a P/E ratio of 36.01, a P/E/G ratio of 2.74 and a beta of 0.99.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the company. KeyCorp reduced their price objective on Chipotle Mexican Grill from $58.00 to $52.00 and set an “overweight” rating for the company in a research note on Monday, October 20th. Morgan Stanley reduced their price objective on Chipotle Mexican Grill from $65.00 to $59.00 and set an “overweight” rating for the company in a research note on Wednesday, October 15th. Piper Sandler upgraded Chipotle Mexican Grill from a “neutral” rating to an “overweight” rating and reduced their price objective for the company from $53.00 to $50.00 in a research note on Tuesday, August 12th. Truist Financial cut their price target on Chipotle Mexican Grill from $60.00 to $53.00 and set a “buy” rating for the company in a research note on Tuesday, October 14th. Finally, UBS Group restated a “buy” rating and issued a $56.00 price target (down previously from $65.00) on shares of Chipotle Mexican Grill in a research note on Monday, October 20th. Two research analysts have rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating and ten have issued a Hold rating to the stock. According to MarketBeat.com, Chipotle Mexican Grill presently has a consensus rating of “Moderate Buy” and an average target price of $56.13.

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.