Chipotle Mexican Grill, Inc. $CMG Holdings Boosted by Advisors Asset Management Inc.

Key Points

• Advisors Asset Management Inc. increased its stake in Chipotle Mexican Grill by 32.4%, acquiring an additional 18,458 shares, bringing their total holdings to 75,368 shares valued at approximately $3.78 million.
• Chipotle's stock opened at $41.04 with a market capitalization of $55.03 billion, showing a 0.9% decline.
• Analysts have a consensus rating of "Moderate Buy" for Chipotle, with an average price target of $59.93 as of recent reports.

Advisors Asset Management Inc. grew its stake in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG - Free Report) by 32.4% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 75,368 shares of the restaurant operator's stock after purchasing an additional 18,458 shares during the quarter. Advisors Asset Management Inc.'s holdings in Chipotle Mexican Grill were worth $3,784,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of the stock. Cloud Capital Management LLC acquired a new position in Chipotle Mexican Grill during the 1st quarter worth approximately $25,000. Saudi Central Bank acquired a new position in shares of Chipotle Mexican Grill during the first quarter worth $27,000. HighMark Wealth Management LLC boosted its stake in shares of Chipotle Mexican Grill by 173.4% in the first quarter. HighMark Wealth Management LLC now owns 585 shares of the restaurant operator's stock valued at $29,000 after purchasing an additional 371 shares during the period. North Capital Inc. acquired a new stake in Chipotle Mexican Grill during the 1st quarter valued at $30,000. Finally, ORG Wealth Partners LLC purchased a new stake in Chipotle Mexican Grill during the 1st quarter worth $31,000. Institutional investors and hedge funds own 91.30% of the company's stock.

Chipotle Mexican Grill Stock Down 0.5%

Shares of NYSE:CMG traded down $0.18 during trading on Tuesday, hitting $39.47. 17,425,871 shares of the company traded hands, compared to its average volume of 14,440,880. The business's fifty day moving average is $47.01 and its 200-day moving average is $49.45. The stock has a market capitalization of $52.92 billion, a price-to-earnings ratio of 35.24, a PEG ratio of 2.09 and a beta of 1.02. Chipotle Mexican Grill, Inc. has a one year low of $39.23 and a one year high of $66.74.

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, topping analysts' consensus estimates of $0.32 by $0.01. The business had revenue of $3.06 billion for the quarter, compared to analysts' expectations 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 quarter last year, the company earned $0.34 EPS. On average, analysts forecast that Chipotle Mexican Grill, Inc. will post 1.29 EPS for the current year.

Wall Street Analysts Forecast Growth

CMG has been the subject of several recent analyst reports. Barclays lowered their target price on Chipotle Mexican Grill from $55.00 to $53.00 and set an "equal weight" rating for the company in a research note on Thursday, July 24th. BMO Capital Markets upgraded Chipotle Mexican Grill from a "market perform" rating to an "outperform" rating and lifted their price objective for the stock from $56.00 to $65.00 in a report on Friday, July 18th. UBS Group upped their target price on Chipotle Mexican Grill from $60.00 to $65.00 and gave the company a "buy" rating in a research report on Thursday, July 17th. TD Cowen dropped their price target on shares of Chipotle Mexican Grill from $61.00 to $58.00 and set a "buy" rating for the company in a research note on Wednesday, July 23rd. Finally, Rothschild Redb upgraded shares of Chipotle Mexican Grill from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, September 3rd. Two investment analysts have rated the stock with a Strong Buy rating, twenty-one have given a Buy rating and eight have issued a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $59.76.

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.