Geode Capital Management LLC Boosts Stake in Chipotle Mexican Grill, Inc. $CMG

Geode Capital Management LLC boosted its stake in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) by 1.1% during the second quarter, Holdings Channel.com reports. The firm owned 29,659,508 shares of the restaurant operator’s stock after purchasing an additional 325,926 shares during the quarter. Geode Capital Management LLC’s holdings in Chipotle Mexican Grill were worth $1,657,193,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Ascent Group LLC grew its position in shares of Chipotle Mexican Grill by 3.5% in the 2nd quarter. Ascent Group LLC now owns 5,752 shares of the restaurant operator’s stock worth $323,000 after buying an additional 193 shares during the last quarter. E. Ohman J or Asset Management AB increased its position in shares of Chipotle Mexican Grill by 0.3% during the second quarter. E. Ohman J or Asset Management AB now owns 59,234 shares of the restaurant operator’s stock worth $3,326,000 after purchasing an additional 194 shares in the last quarter. Occidental Asset Management LLC increased its position in shares of Chipotle Mexican Grill by 2.8% during the second quarter. Occidental Asset Management LLC now owns 7,257 shares of the restaurant operator’s stock worth $407,000 after purchasing an additional 195 shares in the last quarter. Perennial Advisors LLC boosted its holdings in Chipotle Mexican Grill by 3.1% in the second quarter. Perennial Advisors LLC now owns 6,667 shares of the restaurant operator’s stock worth $374,000 after acquiring an additional 200 shares in the last quarter. Finally, Quent Capital LLC increased its holdings in shares of Chipotle Mexican Grill by 2.0% during the second quarter. Quent Capital LLC now owns 10,555 shares of the restaurant operator’s stock valued at $593,000 after acquiring an additional 208 shares in the last quarter. 91.30% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms have issued reports on CMG. Morgan Stanley decreased their price target on shares of Chipotle Mexican Grill from $59.00 to $50.00 and set an “overweight” rating for the company in a report on Thursday, October 30th. Piper Sandler upgraded Chipotle Mexican Grill from a “neutral” rating to an “overweight” rating and reduced their target price for the stock from $53.00 to $50.00 in a research note on Tuesday, August 12th. TD Cowen dropped their price target on Chipotle Mexican Grill from $45.00 to $40.00 and set a “buy” rating on the stock in a research note on Thursday, October 30th. UBS Group set a $45.00 price objective on Chipotle Mexican Grill in a research note on Friday, October 31st. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Chipotle Mexican Grill in a research report on Wednesday, October 8th. Two research analysts have rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating, eleven have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $49.81.

Chipotle Mexican Grill Stock Up 5.0%

CMG stock opened at $31.30 on Thursday. The stock has a market capitalization of $41.39 billion, a P/E ratio of 27.70, a P/E/G ratio of 2.65 and a beta of 0.98. Chipotle Mexican Grill, Inc. has a 52 week low of $29.75 and a 52 week high of $66.74. The firm has a 50-day simple moving average of $38.56 and a 200-day simple moving average of $45.67.

Chipotle Mexican Grill (NYSE:CMG) last posted its quarterly earnings data on Wednesday, October 29th. The restaurant operator reported $0.29 EPS for the quarter, hitting the consensus estimate of $0.29. The company had revenue of $3 billion during the quarter, compared to analyst estimates of $3.06 billion. Chipotle Mexican Grill had a return on equity of 44.32% and a net margin of 13.04%.Chipotle Mexican Grill’s quarterly revenue was up 7.5% on a year-over-year basis. During the same period in the previous year, the business earned $0.27 EPS. On average, analysts expect that Chipotle Mexican Grill, Inc. will post 1.29 earnings per share for the current year.

Chipotle Mexican Grill Company 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.