Advisory Alpha LLC Invests $269,000 in Chipotle Mexican Grill, Inc. $CMG

Advisory Alpha LLC acquired a new position in Chipotle Mexican Grill, Inc. (NYSE:CMG) in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 4,787 shares of the restaurant operator’s stock, valued at approximately $269,000.

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

Wall Street Analyst Weigh In

Several analysts have commented on CMG shares. Robert W. Baird decreased their price target 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. Sanford C. Bernstein reaffirmed an “outperform” rating and issued a $40.00 target price (down from $60.00) on shares of Chipotle Mexican Grill in a report on Thursday. 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. Stephens reiterated an “equal weight” rating and set a $60.00 target price on shares of Chipotle Mexican Grill in a research report on Monday, September 29th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Chipotle Mexican Grill in a research report on Wednesday, October 8th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-two have given a Buy rating and ten have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $50.97.

Chipotle Mexican Grill Stock Down 18.0%

Shares of Chipotle Mexican Grill stock opened at $32.61 on Friday. The stock’s fifty day moving average is $40.60 and its two-hundred day moving average is $46.79. The company has a market capitalization of $43.73 billion, a PE ratio of 28.86, a price-to-earnings-growth ratio of 2.65 and a beta of 0.99. Chipotle Mexican Grill, Inc. has a 52 week low of $31.01 and a 52 week high of $66.74.

Chipotle Mexican Grill (NYSE:CMG) last issued its earnings results on Wednesday, October 29th. The restaurant operator reported $0.29 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.29. Chipotle Mexican Grill had a net margin of 13.04% and a return on equity of 44.32%. The firm had revenue of $3 billion during the quarter, compared to analyst estimates of $3.06 billion. During the same period in the previous year, the firm earned $0.27 earnings per share. The business’s revenue was up 7.5% on a year-over-year basis. As a group, research analysts anticipate that Chipotle Mexican Grill, Inc. will post 1.29 earnings per share for the current year.

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.