Ally Financial Inc. bought 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. The fund bought 42,000 shares of the restaurant operator's stock, valued at approximately $1,428,000.
A number of other large investors have also made changes to their positions in CMG. BlackRock Inc. purchased a new position in shares of Chipotle Mexican Grill during the 2nd quarter worth $4,417,475,000. Norges Bank acquired a new position in Chipotle Mexican Grill in the 4th quarter valued at about $711,837,000. Vanguard Group Inc. grew its stake in shares of Chipotle Mexican Grill by 14.8% in the 4th quarter. Vanguard Group Inc. now owns 144,588,220 shares of the restaurant operator's stock valued at $5,349,764,000 after buying an additional 18,660,882 shares during the period. Capital World Investors grew its stake in shares of Chipotle Mexican Grill by 15.8% in the 4th quarter. Capital World Investors now owns 101,688,010 shares of the restaurant operator's stock valued at $3,762,457,000 after buying an additional 13,843,222 shares during the period. Finally, Clearbridge Investments LLC increased its holdings in shares of Chipotle Mexican Grill by 206.4% during the 4th quarter. Clearbridge Investments LLC now owns 14,062,158 shares of the restaurant operator's stock worth $520,300,000 after buying an additional 9,473,120 shares during the last quarter. 91.30% of the stock is currently owned by hedge funds and other institutional investors.
Analyst Upgrades and Downgrades
CMG has been the topic of several analyst reports. Raymond James Financial reaffirmed an "outperform" rating and set a $42.50 price target on shares of Chipotle Mexican Grill in a research report on Thursday, July 30th. Guggenheim reiterated a "neutral" rating and issued a $36.00 price objective (up from $35.00) on shares of Chipotle Mexican Grill in a research report on Friday, July 31st. Piper Sandler cut their target price on Chipotle Mexican Grill from $42.00 to $39.00 and set an "overweight" rating for the company in a research note on Thursday, July 30th. Argus lifted their target price on Chipotle Mexican Grill from $40.00 to $45.00 and gave the company a "buy" rating in a research report on Tuesday, August 4th. Finally, Evercore reaffirmed an "outperform" rating and issued a $47.00 price target on shares of Chipotle Mexican Grill in a research note on Thursday, July 30th. Twenty-four analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company's stock. According to MarketBeat, Chipotle Mexican Grill presently has an average rating of "Moderate Buy" and an average price target of $44.16.
Check Out Our Latest Analysis on CMG
Chipotle Mexican Grill Stock Performance
Shares of CMG stock opened at $36.84 on Monday. The firm's 50 day moving average price is $33.80 and its 200-day moving average price is $33.96. Chipotle Mexican Grill, Inc. has a one year low of $28.03 and a one year high of $43.72. The firm has a market cap of $46.62 billion, a P/E ratio of 33.80, a P/E/G ratio of 2.35 and a beta of 0.94.
Chipotle Mexican Grill (NYSE:CMG - Get Free Report) last posted its quarterly earnings data on Wednesday, July 29th. The restaurant operator reported $0.33 earnings per share for the quarter, topping analysts' consensus estimates of $0.32 by $0.01. Chipotle Mexican Grill had a net margin of 11.43% and a return on equity of 54.65%. The firm had revenue of $3.35 billion during the quarter, compared to analysts' expectations of $3.33 billion. During the same quarter last year, the company posted $0.33 EPS. The firm's quarterly revenue was up 9.3% on a year-over-year basis. As a group, research analysts predict that Chipotle Mexican Grill, Inc. will post 1.14 EPS 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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