United Asset Strategies Inc. Makes New Investment in Chipotle Mexican Grill, Inc. $CMG

United Asset Strategies Inc. bought a new stake in Chipotle Mexican Grill, Inc. (NYSE:CMG) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 18,730 shares of the restaurant operator’s stock, valued at approximately $1,052,000.

Several other hedge funds and other institutional investors have also modified their holdings of the business. KBC Group NV lifted its stake in Chipotle Mexican Grill by 5.7% in the 2nd quarter. KBC Group NV now owns 673,442 shares of the restaurant operator’s stock worth $37,813,000 after acquiring an additional 36,570 shares in the last quarter. National Pension Service increased its holdings in shares of Chipotle Mexican Grill by 3.4% in the 2nd quarter. National Pension Service now owns 3,287,832 shares of the restaurant operator’s stock valued at $184,612,000 after purchasing an additional 108,330 shares during the period. Davidson Capital Management Inc. lifted its position in shares of Chipotle Mexican Grill by 9.1% in the second quarter. Davidson Capital Management Inc. now owns 56,164 shares of the restaurant operator’s stock worth $3,154,000 after purchasing an additional 4,662 shares in the last quarter. Montag A & Associates Inc. boosted its holdings in shares of Chipotle Mexican Grill by 8.7% during the second quarter. Montag A & Associates Inc. now owns 5,285 shares of the restaurant operator’s stock worth $297,000 after purchasing an additional 425 shares during the period. Finally, Vise Technologies Inc. acquired a new stake in shares of Chipotle Mexican Grill during the second quarter worth approximately $982,000. Institutional investors and hedge funds own 91.30% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on CMG. Barclays dropped their price objective on shares of Chipotle Mexican Grill from $43.00 to $38.00 and set an “equal weight” rating on the stock in a research note on Thursday, October 30th. Robert W. Baird dropped 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. Stephens reduced their price objective on Chipotle Mexican Grill from $48.00 to $35.00 and set an “equal weight” rating for the company in a research report on Thursday, October 30th. Weiss Ratings restated a “hold (c)” rating on shares of Chipotle Mexican Grill in a research note on Wednesday, October 8th. Finally, BMO Capital Markets reaffirmed an “outperform” rating on shares of Chipotle Mexican Grill in a research report on Thursday, October 30th. Two analysts have rated the stock with a Strong Buy rating, twenty-two have given a Buy rating, eleven have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, Chipotle Mexican Grill currently has a consensus rating of “Moderate Buy” and a consensus price target of $49.81.

Chipotle Mexican Grill Stock Performance

Shares of CMG stock opened at $31.30 on Thursday. The stock’s 50 day simple moving average is $38.56 and its 200 day simple moving average is $45.67. Chipotle Mexican Grill, Inc. has a twelve month low of $29.75 and a twelve month high of $66.74. The company has a market capitalization of $41.39 billion, a price-to-earnings ratio of 27.70, a PEG ratio of 2.65 and a beta of 0.98.

Chipotle Mexican Grill (NYSE:CMG) last announced its quarterly earnings results on Wednesday, October 29th. The restaurant operator reported $0.29 EPS for the quarter, meeting the consensus estimate of $0.29. The company had revenue of $3 billion for the quarter, compared to the consensus estimate of $3.06 billion. Chipotle Mexican Grill had a return on equity of 44.32% and a net margin of 13.04%.The company’s revenue for the quarter was up 7.5% compared to the same quarter last year. During the same quarter last year, the company posted $0.27 earnings per share. On average, analysts forecast that Chipotle Mexican Grill, Inc. will post 1.29 EPS for the current fiscal year.

Chipotle Mexican Grill 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.