Allworth Financial LP acquired a new stake in Chipotle Mexican Grill, Inc. (NYSE:CMG - Free Report) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 36,765 shares of the restaurant operator's stock, valued at approximately $1,250,000.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in CMG. B. Metzler seel. Sohn & Co. AG purchased a new stake in Chipotle Mexican Grill during the 2nd quarter valued at about $1,895,000. AlpenGlobal Capital LLC purchased a new position in Chipotle Mexican Grill in the 2nd quarter worth approximately $5,319,000. LaSalle St. Investment Advisors LLC acquired a new position in shares of Chipotle Mexican Grill during the 2nd quarter worth approximately $236,000. PCM Encore LLC acquired a new position in shares of Chipotle Mexican Grill during the 2nd quarter worth approximately $205,000. Finally, Trillium Asset Management LLC purchased a new stake in shares of Chipotle Mexican Grill in the second quarter valued at approximately $21,057,000. Institutional investors and hedge funds own 91.30% of the company's stock.
Analyst Ratings Changes
Several equities research analysts recently commented on the company. Barclays cut their price target on Chipotle Mexican Grill from $40.00 to $38.00 and set an "equal weight" rating for the company in a report on Thursday, April 30th. Sanford C. Bernstein restated an "outperform" rating on shares of Chipotle Mexican Grill in a report on Friday, July 31st. Citigroup cut their target price on Chipotle Mexican Grill from $46.00 to $45.00 and set a "buy" rating for the company in a research note on Monday, July 13th. DA Davidson lifted their price target on Chipotle Mexican Grill from $45.00 to $50.00 and gave the stock a "buy" rating in a report on Thursday, July 30th. Finally, BTIG Research reiterated a "buy" rating and set a $45.00 price target on shares of Chipotle Mexican Grill in a report on Wednesday, August 5th. Twenty-four investment analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $44.16.
Get Our Latest Analysis on Chipotle Mexican Grill
Chipotle Mexican Grill Stock Performance
CMG opened at $36.84 on Friday. The stock has a market capitalization of $46.62 billion, a PE ratio of 33.80, a P/E/G ratio of 2.35 and a beta of 0.94. Chipotle Mexican Grill, Inc. has a one year low of $28.03 and a one year high of $43.72. The business's 50 day moving average price is $33.80 and its 200 day moving average price is $33.99.
Chipotle Mexican Grill (NYSE:CMG - Get Free Report) last posted its earnings results on Wednesday, July 29th. The restaurant operator reported $0.33 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.32 by $0.01. The company had revenue of $3.35 billion during the quarter, compared to analysts' expectations of $3.33 billion. Chipotle Mexican Grill had a return on equity of 54.65% and a net margin of 11.43%.The firm's quarterly revenue was up 9.3% compared to the same quarter last year. During the same quarter last year, the firm earned $0.33 earnings per share. As a group, equities research analysts forecast that Chipotle Mexican Grill, Inc. will post 1.14 earnings per share for the current fiscal year.
About Chipotle Mexican Grill
(
Free Report)
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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