Focus Partners Advisor Solutions LLC acquired a new position in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG – Free Report) during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 15,442 shares of the restaurant operator’s stock, valued at approximately $525,000.
Several other institutional investors have also modified their holdings of the stock. State of Wyoming acquired a new stake in Chipotle Mexican Grill during the 2nd quarter worth $155,000. Kelleher Financial Advisors purchased a new position in shares of Chipotle Mexican Grill during the second quarter worth about $28,000. GSA Capital Partners LLP acquired a new stake in shares of Chipotle Mexican Grill during the second quarter worth about $1,695,000. Clearstead Trust LLC acquired a new stake in shares of Chipotle Mexican Grill during the second quarter worth about $68,000. Finally, Maridea Wealth Management LLC purchased a new stake in shares of Chipotle Mexican Grill in the 2nd quarter valued at about $300,000. Hedge funds and other institutional investors own 91.30% of the company’s stock.
Wall Street Analysts Forecast Growth
CMG has been the subject of a number of research reports. Royal Bank Of Canada reiterated an “outperform” rating and issued a $45.00 price objective on shares of Chipotle Mexican Grill in a research note on Thursday, April 30th. UBS Group restated a “buy” rating on shares of Chipotle Mexican Grill in a research report on Friday, July 31st. Sanford C. Bernstein reaffirmed an “outperform” rating on shares of Chipotle Mexican Grill in a report on Friday, July 31st. Barclays reduced their price target on shares of Chipotle Mexican Grill from $40.00 to $38.00 and set an “equal weight” rating for the company in a research report on Thursday, April 30th. Finally, TD Cowen reiterated a “buy” rating and set a $44.00 price target on shares of Chipotle Mexican Grill in a research note on Thursday, July 30th. Twenty-four research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $44.16.
Chipotle Mexican Grill Trading Up 0.4%
Shares of CMG stock opened at $33.65 on Tuesday. The stock has a 50 day simple moving average of $33.48 and a 200-day simple moving average of $34.07. The company has a market cap of $42.58 billion, a price-to-earnings ratio of 30.87, a price-to-earnings-growth ratio of 2.13 and a beta of 0.94. Chipotle Mexican Grill, Inc. has a 12-month low of $28.03 and a 12-month high of $44.27.
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 the consensus estimate of $0.32 by $0.01. Chipotle Mexican Grill had a net margin of 11.43% and a return on equity of 54.65%. The company had revenue of $3.35 billion for the quarter, compared to analyst estimates of $3.33 billion. During the same period in the previous year, the firm earned $0.33 EPS. The business’s revenue was up 9.3% on a year-over-year basis. On average, equities analysts forecast that Chipotle Mexican Grill, Inc. will post 1.14 earnings per share for the current fiscal year.
Chipotle Mexican Grill 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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