Ingalls & Snyder LLC Acquires Shares of 21,665 Chipotle Mexican Grill, Inc. $CMG

Ingalls & Snyder LLC acquired a new stake in Chipotle Mexican Grill, Inc. (NYSE:CMG) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 21,665 shares of the restaurant operator’s stock, valued at approximately $1,216,000.

Other institutional investors also recently bought and sold shares of the company. Cloud Capital Management LLC acquired a new stake in Chipotle Mexican Grill in the first quarter valued at approximately $25,000. Saudi Central Bank acquired a new stake in Chipotle Mexican Grill in the first quarter valued at approximately $27,000. 1248 Management LLC acquired a new stake in shares of Chipotle Mexican Grill in the first quarter worth approximately $27,000. Signature Resources Capital Management LLC acquired a new stake in shares of Chipotle Mexican Grill in the second quarter worth approximately $28,000. Finally, Oliver Lagore Vanvalin Investment Group acquired a new stake in shares of Chipotle Mexican Grill in the second quarter worth approximately $29,000. 91.30% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts have recently issued reports on CMG shares. Stifel Nicolaus lowered their price target on Chipotle Mexican Grill from $65.00 to $60.00 and set a “buy” rating on the stock in a research note on Tuesday, September 9th. Morgan Stanley lowered their price target on Chipotle Mexican Grill from $65.00 to $59.00 and set an “overweight” rating on the stock in a research note on Wednesday, October 15th. Rothschild & Co Redburn raised Chipotle Mexican Grill from a “neutral” rating to a “buy” rating and set a $55.00 price target on the stock in a research note on Wednesday, September 3rd. Evercore ISI lowered their price target on Chipotle Mexican Grill from $57.00 to $53.00 and set an “outperform” rating on the stock in a research note on Tuesday, October 7th. Finally, Robert W. Baird lowered their price target on 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. Two analysts have rated the stock with a Strong Buy rating, twenty-one have given a Buy rating and nine have given a Hold rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $56.69.

Chipotle Mexican Grill Stock Performance

NYSE CMG opened at $41.18 on Monday. The stock’s fifty day moving average is $40.98 and its two-hundred day moving average is $47.10. The firm has a market capitalization of $55.22 billion, a P/E ratio of 36.77, a price-to-earnings-growth ratio of 2.50 and a beta of 0.99. Chipotle Mexican Grill, Inc. has a fifty-two week low of $38.30 and a fifty-two week high of $66.74.

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.