8,965 Shares in Chipotle Mexican Grill, Inc. $CMG Acquired by Financiere des Professionnels Fonds d investissement inc.

Key Points

• Financiere des Professionnels Fonds d'investissement inc. purchased 8,965 shares of Chipotle Mexican Grill, Inc. for approximately $503,000, marking a new investment in the company.
• Analyst recommendations for Chipotle show a consensus rating of "Moderate Buy" with an average target price of $59.76, despite several firms lowering their price objectives.
• Chipotle reported earnings of $0.33 per share for the last quarter, slightly exceeding analysts' expectations, while revenue reached $3.06 billion, falling short of estimates.

Financiere des Professionnels Fonds d investissement inc. purchased a new position in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG - Free Report) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 8,965 shares of the restaurant operator's stock, valued at approximately $503,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. E. Ohman J or Asset Management AB lifted its position in shares of Chipotle Mexican Grill by 0.3% during the 2nd quarter. E. Ohman J or Asset Management AB now owns 59,234 shares of the restaurant operator's stock valued at $3,326,000 after buying an additional 194 shares during the last quarter. Revolve Wealth Partners LLC lifted its position in shares of Chipotle Mexican Grill by 4.7% during the 4th quarter. Revolve Wealth Partners LLC now owns 4,804 shares of the restaurant operator's stock valued at $290,000 after buying an additional 214 shares during the last quarter. Csenge Advisory Group lifted its position in shares of Chipotle Mexican Grill by 5.0% during the 1st quarter. Csenge Advisory Group now owns 4,603 shares of the restaurant operator's stock valued at $222,000 after buying an additional 220 shares during the last quarter. Money Concepts Capital Corp lifted its position in shares of Chipotle Mexican Grill by 3.0% during the 1st quarter. Money Concepts Capital Corp now owns 7,491 shares of the restaurant operator's stock valued at $376,000 after buying an additional 221 shares during the last quarter. Finally, Northwest Bank & Trust Co lifted its position in shares of Chipotle Mexican Grill by 0.5% during the 4th quarter. Northwest Bank & Trust Co now owns 45,324 shares of the restaurant operator's stock valued at $2,788,000 after buying an additional 236 shares during the last quarter. 91.30% of the stock is owned by institutional investors and hedge funds.

Chipotle Mexican Grill Stock Down 1.3%

Shares of Chipotle Mexican Grill stock traded down $0.51 during trading on Friday, hitting $39.30. 36,393,078 shares of the stock traded hands, compared to its average volume of 18,575,692. The stock has a market cap of $52.70 billion, a price-to-earnings ratio of 35.09, a PEG ratio of 2.00 and a beta of 1.02. The firm's fifty day moving average is $43.88 and its 200-day moving average is $48.61. Chipotle Mexican Grill, Inc. has a 52 week low of $38.30 and a 52 week high of $66.74.

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

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the company. Redburn Atlantic assumed coverage on Chipotle Mexican Grill in a research report on Tuesday, June 10th. They set a "neutral" rating and a $55.00 price target on the stock. Melius assumed coverage on Chipotle Mexican Grill in a research report on Monday, July 14th. They set a "hold" rating and a $60.00 price target on the stock. Raymond James Financial dropped their price target on Chipotle Mexican Grill from $60.00 to $56.00 and set an "outperform" rating on the stock in a research report on Friday, August 15th. Truist Financial dropped their price objective on Chipotle Mexican Grill from $64.00 to $60.00 and set a "buy" rating on the stock in a report on Friday, July 25th. Finally, Robert W. Baird dropped their price objective on Chipotle Mexican Grill from $62.00 to $59.00 and set an "outperform" rating on the stock in a report on Thursday, July 24th. Two research analysts have rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating and eight have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, Chipotle Mexican Grill currently has a consensus rating of "Moderate Buy" and an average price target of $59.76.

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.