Lido Advisors LLC Has $2.46 Million Position in Chipotle Mexican Grill, Inc. $CMG

Lido Advisors LLC lessened its holdings in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG – Free Report) by 58.7% in the first quarter, HoldingsChannel.com reports. The firm owned 76,748 shares of the restaurant operator’s stock after selling 109,146 shares during the period. Lido Advisors LLC’s holdings in Chipotle Mexican Grill were worth $2,457,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of CMG. Vanguard Group Inc. grew its holdings in shares of Chipotle Mexican Grill by 14.8% during the fourth quarter. Vanguard Group Inc. now owns 144,588,220 shares of the restaurant operator’s stock valued at $5,349,764,000 after buying an additional 18,660,882 shares during the last quarter. Capital World Investors increased its position in shares of Chipotle Mexican Grill by 15.8% during the fourth quarter. Capital World Investors now owns 101,688,010 shares of the restaurant operator’s stock worth $3,762,457,000 after acquiring an additional 13,843,222 shares in the last quarter. Price T Rowe Associates Inc. MD raised its holdings in shares of Chipotle Mexican Grill by 18.8% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 58,447,867 shares of the restaurant operator’s stock worth $2,162,572,000 after acquiring an additional 9,237,720 shares during the last quarter. Capital International Investors raised its holdings in shares of Chipotle Mexican Grill by 17.7% in the 4th quarter. Capital International Investors now owns 45,294,212 shares of the restaurant operator’s stock worth $1,675,895,000 after acquiring an additional 6,796,285 shares during the last quarter. Finally, Norges Bank bought a new position in Chipotle Mexican Grill in the 4th quarter valued at about $711,837,000. Institutional investors and hedge funds own 91.30% of the company’s stock.

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Chipotle Mexican Grill Stock Performance

NYSE:CMG opened at $31.79 on Monday. The firm has a market cap of $40.78 billion, a price-to-earnings ratio of 29.17, a price-to-earnings-growth ratio of 2.08 and a beta of 0.97. Chipotle Mexican Grill, Inc. has a 52 week low of $28.03 and a 52 week high of $47.18. The firm has a 50-day moving average price of $32.62 and a two-hundred day moving average price of $34.72.

Chipotle Mexican Grill (NYSE:CMG – Get Free Report) last announced its earnings results on Wednesday, April 29th. The restaurant operator reported $0.24 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.24. The firm had revenue of $3.09 billion for the quarter, compared to the consensus estimate of $3.07 billion. Chipotle Mexican Grill had a return on equity of 49.64% and a net margin of 11.96%.The company’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 EPS. As a group, sell-side analysts forecast that Chipotle Mexican Grill, Inc. will post 1.13 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of research firms have issued reports on CMG. Guggenheim cut their price target on Chipotle Mexican Grill from $36.00 to $35.00 and set a “neutral” rating for the company in a research note on Friday, May 1st. Royal Bank Of Canada reissued an “outperform” rating and issued a $45.00 price objective on shares of Chipotle Mexican Grill in a research note on Thursday, April 30th. Piper Sandler dropped their target price on Chipotle Mexican Grill from $44.00 to $42.00 and set an “overweight” rating on the stock in a report on Thursday, April 30th. Stephens lifted their target price on Chipotle Mexican Grill from $38.00 to $39.00 and gave the company an “equal weight” rating in a research report on Thursday, April 30th. Finally, JPMorgan Chase & Co. upgraded Chipotle Mexican Grill from a “neutral” rating to an “overweight” rating and decreased their price target for the stock from $38.00 to $35.00 in a report on Friday, June 5th. Twenty-three research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, Chipotle Mexican Grill presently has an average rating of “Moderate Buy” and an average target price of $43.86.

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About Chipotle Mexican Grill

(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.

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