Quantbot Technologies LP acquired a new stake in Chipotle Mexican Grill, Inc. (NYSE:CMG – Free Report) in the second quarter, Holdings Channel reports. The firm acquired 262,860 shares of the restaurant operator’s stock, valued at approximately $8,937,000.
Other large investors have also recently added to or reduced their stakes in the company. Wealth Watch Advisors INC acquired a new stake in Chipotle Mexican Grill during the 3rd quarter worth approximately $25,000. MV Capital Management Inc. acquired a new position in shares of Chipotle Mexican Grill in the fourth quarter worth $26,000. Meeder Asset Management Inc. acquired a new position in shares of Chipotle Mexican Grill in the second quarter worth $27,000. Osbon Capital Management LLC purchased a new stake in shares of Chipotle Mexican Grill during the fourth quarter worth $28,000. Finally, Merkkuri Wealth Advisors LLC purchased a new stake in shares of Chipotle Mexican Grill during the first quarter worth $28,000. 91.30% of the stock is owned by hedge funds and other institutional investors.
Analysts Set New Price Targets
A number of research analysts recently issued reports on CMG shares. Mizuho lifted their target price on Chipotle Mexican Grill from $40.00 to $41.00 and gave the company an “outperform” rating in a report on Monday, July 13th. Piper Sandler cut their price target on Chipotle Mexican Grill from $42.00 to $39.00 and set an “overweight” rating on the stock in a report on Thursday, July 30th. UBS Group reaffirmed a “buy” rating on shares of Chipotle Mexican Grill in a research report on Friday, July 31st. BTIG Research reiterated a “buy” rating and issued a $45.00 price objective on shares of Chipotle Mexican Grill in a research note on Wednesday, August 5th. Finally, Sanford C. Bernstein reissued an “outperform” rating on shares of Chipotle Mexican Grill in a research report on Friday, July 31st. Twenty-four equities research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $44.16.
Chipotle Mexican Grill Trading Up 4.4%
Shares of CMG opened at $36.84 on Friday. The firm has a market capitalization of $46.62 billion, a price-to-earnings ratio of 33.80, a PEG ratio of 2.35 and a beta of 0.94. The firm’s fifty day simple moving average is $33.80 and its 200-day simple moving average is $33.99. Chipotle Mexican Grill, Inc. has a twelve month low of $28.03 and a twelve month high of $43.72.
Chipotle Mexican Grill (NYSE:CMG – Get Free Report) last issued its earnings results on Wednesday, July 29th. The restaurant operator reported $0.33 EPS for the quarter, topping analysts’ consensus estimates of $0.32 by $0.01. The firm had revenue of $3.35 billion during the quarter, compared to the consensus estimate of $3.33 billion. Chipotle Mexican Grill had a net margin of 11.43% and a return on equity of 54.65%. The company’s revenue was up 9.3% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.33 earnings per share. On average, analysts predict that Chipotle Mexican Grill, Inc. will post 1.14 earnings per share for the current fiscal year.
Chipotle Mexican Grill Company Profile
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.
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