6,975 Shares in Chipotle Mexican Grill, Inc. $CMG Acquired by 111 Capital

Key Points

• 111 Capital acquired a new stake of 6,975 shares in Chipotle Mexican Grill, valued at approximately $392,000, during the 2nd quarter.
• Multiple institutional investors increased their holdings in Chipotle, with 91.30% of the stock now owned by these entities.
• Analysts have mixed reviews on Chipotle's stock, with target prices ranging from $46.00 to $68.00 and a consensus rating of "Moderate Buy."

111 Capital purchased a new stake in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG - Free Report) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 6,975 shares of the restaurant operator's stock, valued at approximately $392,000.

A number of other institutional investors and hedge funds have also modified their holdings of the company. QRG Capital Management Inc. boosted its holdings in shares of Chipotle Mexican Grill by 38.1% during the 2nd quarter. QRG Capital Management Inc. now owns 112,641 shares of the restaurant operator's stock worth $6,325,000 after buying an additional 31,090 shares during the period. Ascent Group LLC lifted its position in Chipotle Mexican Grill by 3.5% during the 2nd quarter. Ascent Group LLC now owns 5,752 shares of the restaurant operator's stock worth $323,000 after acquiring an additional 193 shares during the last quarter. Whelan Financial boosted its holdings in Chipotle Mexican Grill by 44.7% during the second quarter. Whelan Financial now owns 10,626 shares of the restaurant operator's stock valued at $597,000 after acquiring an additional 3,280 shares during the period. DHJJ Financial Advisors Ltd. acquired a new stake in shares of Chipotle Mexican Grill in the second quarter valued at about $140,000. Finally, River Street Advisors LLC lifted its position in shares of Chipotle Mexican Grill by 3.2% during the 2nd quarter. River Street Advisors LLC now owns 11,860 shares of the restaurant operator's stock worth $666,000 after purchasing an additional 371 shares during the last quarter. 91.30% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research firms have issued reports on CMG. Sanford C. Bernstein lowered their target price on Chipotle Mexican Grill from $65.00 to $60.00 and set an "outperform" rating on the stock in a report on Thursday. Weiss Ratings reiterated a "hold (c)" rating on shares of Chipotle Mexican Grill in a report on Saturday, September 27th. Citigroup lowered their price objective on shares of Chipotle Mexican Grill from $68.00 to $62.00 and set a "buy" rating on the stock in a research note on Thursday, July 24th. Guggenheim cut their target price on shares of Chipotle Mexican Grill from $47.00 to $46.00 and set a "neutral" rating for the company in a research note on Friday, July 25th. Finally, TD Cowen reissued a "buy" rating and issued a $58.00 price target on shares of Chipotle Mexican Grill in a report on Friday, September 19th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating and nine have given a Hold rating to the company. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $59.41.

Chipotle Mexican Grill Stock Up 3.7%

NYSE:CMG opened at $41.78 on Monday. The firm has a market capitalization of $56.02 billion, a PE ratio of 37.30, a price-to-earnings-growth ratio of 2.13 and a beta of 0.99. Chipotle Mexican Grill, Inc. has a 12-month low of $38.30 and a 12-month high of $66.74. The firm has a 50-day moving average price of $41.47 and a 200 day moving average price of $47.92.

Chipotle Mexican Grill (NYSE:CMG - Get Free Report) last released its quarterly earnings data on Wednesday, July 23rd. The restaurant operator reported $0.33 earnings per share for the quarter, beating the consensus estimate of $0.32 by $0.01. Chipotle Mexican Grill had a return on equity of 43.50% and a net margin of 13.32%.The company had revenue of $3.06 billion for the quarter, compared to analyst estimates of $3.11 billion. During the same period in the prior year, the company posted $0.34 EPS. The company's revenue was up 3.0% compared to the same quarter last year. On average, research analysts expect that Chipotle Mexican Grill, Inc. will post 1.29 EPS for the current year.

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.

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