Crestwood Advisors Group LLC Purchases 2,246 Shares of Chipotle Mexican Grill, Inc. $CMG

Crestwood Advisors Group LLC boosted its position in Chipotle Mexican Grill, Inc. (NYSE:CMG) by 40.1% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 7,852 shares of the restaurant operator’s stock after purchasing an additional 2,246 shares during the period. Crestwood Advisors Group LLC’s holdings in Chipotle Mexican Grill were worth $441,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also modified their holdings of CMG. Signature Resources Capital Management LLC bought a new stake in shares of Chipotle Mexican Grill during the 2nd quarter worth approximately $28,000. Activest Wealth Management increased its stake in Chipotle Mexican Grill by 109.3% in the second quarter. Activest Wealth Management now owns 517 shares of the restaurant operator’s stock worth $29,000 after purchasing an additional 270 shares during the period. Oliver Lagore Vanvalin Investment Group bought a new stake in shares of Chipotle Mexican Grill during the second quarter worth $29,000. 1248 Management LLC purchased a new stake in shares of Chipotle Mexican Grill during the first quarter valued at $27,000. Finally, Saudi Central Bank bought a new position in shares of Chipotle Mexican Grill in the first quarter worth about $27,000. Hedge funds and other institutional investors own 91.30% of the company’s stock.

Analyst Ratings Changes

CMG has been the subject of a number of research analyst reports. Zacks Research lowered shares of Chipotle Mexican Grill from a “hold” rating to a “strong sell” rating in a report on Thursday, October 30th. Truist Financial reduced their target price on shares of Chipotle Mexican Grill from $53.00 to $45.00 and set a “buy” rating on the stock in a research report on Thursday, October 30th. BMO Capital Markets reaffirmed an “outperform” rating on shares of Chipotle Mexican Grill in a research note on Thursday, October 30th. JPMorgan Chase & Co. dropped their price objective on Chipotle Mexican Grill from $44.00 to $40.00 and set a “neutral” rating on the stock in a research note on Thursday, October 30th. Finally, Guggenheim reduced their price objective on Chipotle Mexican Grill from $47.00 to $46.00 and set a “neutral” rating on the stock in a report on Friday, July 25th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating, eleven have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $49.81.

Chipotle Mexican Grill Trading Down 4.3%

Shares of NYSE CMG opened at $30.58 on Friday. Chipotle Mexican Grill, Inc. has a 12-month low of $30.48 and a 12-month high of $66.74. The stock’s fifty day simple moving average is $39.47 and its two-hundred day simple moving average is $46.20. The stock has a market capitalization of $41.00 billion, a PE ratio of 27.06, a price-to-earnings-growth ratio of 2.65 and a beta of 0.98.

Chipotle Mexican Grill (NYSE:CMG) last released its quarterly earnings results on Wednesday, October 29th. The restaurant operator reported $0.29 EPS for the quarter, hitting the consensus estimate of $0.29. Chipotle Mexican Grill had a return on equity of 44.32% and a net margin of 13.04%.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 company posted $0.27 EPS. The business’s revenue for the quarter was up 7.5% compared to the same quarter last year. On average, equities analysts predict that Chipotle Mexican Grill, Inc. will post 1.29 earnings per share for the current fiscal 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.