Chipotle Mexican Grill, Inc. $CMG Stake Lessened by Montrusco Bolton Investments Inc.

Montrusco Bolton Investments Inc. lessened its stake in shares of Chipotle Mexican Grill, Inc. (NYSE:CMGFree Report) by 10.0% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 4,758,522 shares of the restaurant operator’s stock after selling 530,748 shares during the quarter. Chipotle Mexican Grill comprises about 2.2% of Montrusco Bolton Investments Inc.’s investment portfolio, making the stock its 19th biggest holding. Montrusco Bolton Investments Inc. owned 0.37% of Chipotle Mexican Grill worth $148,160,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Wealth Watch Advisors INC bought a new stake in shares of Chipotle Mexican Grill in the 3rd quarter worth $25,000. Financial Life Planners bought a new position in Chipotle Mexican Grill during the third quarter valued at about $25,000. MV Capital Management Inc. bought a new position in Chipotle Mexican Grill during the fourth quarter valued at about $26,000. Osbon Capital Management LLC acquired a new position in Chipotle Mexican Grill during the fourth quarter worth about $28,000. Finally, Winthrop Capital Management LLC acquired a new position in Chipotle Mexican Grill during the third quarter worth about $31,000. 91.30% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts have weighed in on CMG shares. Mizuho raised shares of Chipotle Mexican Grill from a “neutral” rating to an “outperform” rating and upped their price target for the company from $37.00 to $40.00 in a report on Friday, March 20th. Piper Sandler lowered their price objective on shares of Chipotle Mexican Grill from $44.00 to $42.00 and set an “overweight” rating on the stock in a research note on Thursday, April 30th. Stephens boosted their target price on shares of Chipotle Mexican Grill from $38.00 to $39.00 and gave the stock an “equal weight” rating in a report on Thursday, April 30th. Royal Bank Of Canada reissued an “outperform” rating and set a $45.00 target price on shares of Chipotle Mexican Grill in a research note on Thursday, April 30th. Finally, Argus upgraded shares of Chipotle Mexican Grill from a “hold” rating to a “buy” rating and set a $40.00 target price for the company in a report on Tuesday, May 5th. Twenty-three research analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $45.10.

Check Out Our Latest Research Report on CMG

Chipotle Mexican Grill Stock Down 0.1%

NYSE:CMG opened at $35.37 on Friday. Chipotle Mexican Grill, Inc. has a 1-year low of $28.03 and a 1-year high of $57.25. The firm has a market capitalization of $45.37 billion, a price-to-earnings ratio of 32.45, a price-to-earnings-growth ratio of 2.29 and a beta of 0.97. The stock has a fifty day simple moving average of $32.28 and a 200 day simple moving average of $35.08.

Chipotle Mexican Grill (NYSE:CMGGet Free Report) last released its quarterly earnings results on Wednesday, April 29th. The restaurant operator reported $0.24 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.24. The business had revenue of $3.09 billion for the quarter, compared to analyst estimates of $3.07 billion. Chipotle Mexican Grill had a net margin of 11.96% and a return on equity of 49.64%. The firm’s revenue was up 7.4% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.29 earnings per share. Equities analysts predict that Chipotle Mexican Grill, Inc. will post 1.13 earnings per share for the current year.

Chipotle Mexican Grill Company Profile

(Free Report)

Chipotle Mexican Grill is a fast-casual restaurant company known for its Mexican-inspired menu of burritos, bowls, tacos and salads. Founded in 1993 by Steve Ells, the chain emphasizes fresh, customizable meals made from a limited menu of core ingredients and a focus on ingredient quality. Chipotle operates primarily company-owned restaurants and offers dine-in, takeout, catering and delivery through its own digital platforms and third-party partners.

The company is headquartered in Newport Beach, California, and traces its roots to Denver, Colorado.

Recommended Stories

Want to see what other hedge funds are holding CMG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Chipotle Mexican Grill, Inc. (NYSE:CMGFree Report).

Institutional Ownership by Quarter for Chipotle Mexican Grill (NYSE:CMG)

Receive News & Ratings for Chipotle Mexican Grill Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Chipotle Mexican Grill and related companies with MarketBeat.com's FREE daily email newsletter.