Aberdeen Group plc Acquires 43,605 Shares of Chipotle Mexican Grill, Inc. $CMG

Key Points

• Aberdeen Group plc increased its stake in Chipotle Mexican Grill by 4.5% in Q2, holding over 1 million shares valued at approximately $56.36 million.
• Chipotle reported earnings of $0.33 per share, slightly surpassing analysts' estimates, with revenues of $3.06 billion for the quarter, reflecting a 3% increase year-over-year.
• Current analyst consensus for Chipotle's stock is a "Moderate Buy" with a price target averaging $58.93, despite a recent decrease in target prices from multiple analysts.

Aberdeen Group plc raised its holdings in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG - Free Report) by 4.5% in the 2nd quarter, according to its most recent 13F filing with the SEC. The fund owned 1,003,767 shares of the restaurant operator's stock after acquiring an additional 43,605 shares during the period. Aberdeen Group plc owned approximately 0.07% of Chipotle Mexican Grill worth $56,362,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Cloud Capital Management LLC bought a new stake in shares of Chipotle Mexican Grill during the 1st quarter valued at $25,000. Saudi Central Bank bought a new stake in shares of Chipotle Mexican Grill during the 1st quarter valued at $27,000. 1248 Management LLC bought a new stake in shares of Chipotle Mexican Grill during the 1st quarter valued at $27,000. Signature Resources Capital Management LLC acquired a new position in shares of Chipotle Mexican Grill in the 2nd quarter valued at $28,000. Finally, HighMark Wealth Management LLC grew its holdings in shares of Chipotle Mexican Grill by 173.4% in the 1st quarter. HighMark Wealth Management LLC now owns 585 shares of the restaurant operator's stock valued at $29,000 after buying an additional 371 shares during the period. Institutional investors own 91.30% of the company's stock.

Chipotle Mexican Grill Trading Down 2.5%

Shares of NYSE CMG opened at $39.86 on Friday. The firm has a market cap of $53.45 billion, a PE ratio of 35.59, a PEG ratio of 2.03 and a beta of 0.99. Chipotle Mexican Grill, Inc. has a 1-year low of $38.30 and a 1-year high of $66.74. The company has a fifty day moving average price of $41.18 and a 200 day moving average price of $47.63.

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

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the stock. Raymond James Financial decreased their price target on shares of Chipotle Mexican Grill from $60.00 to $56.00 and set an "outperform" rating for the company in a report on Friday, August 15th. Evercore ISI decreased their price target on shares of Chipotle Mexican Grill from $57.00 to $53.00 and set an "outperform" rating for the company in a report on Tuesday, October 7th. Stephens reissued an "equal weight" rating and issued a $60.00 price target on shares of Chipotle Mexican Grill in a report on Monday, September 29th. Piper Sandler raised shares of Chipotle Mexican Grill from a "neutral" rating to an "overweight" rating and decreased their price target for the company from $53.00 to $50.00 in a report on Tuesday, August 12th. Finally, Rothschild & Co Redburn raised shares of Chipotle Mexican Grill from a "neutral" rating to a "buy" rating and set a $55.00 price target for the company in a report on Wednesday, September 3rd. Two 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 stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $58.93.

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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