Baird Financial Group Inc. Has $48.98 Million Stock Position in Chipotle Mexican Grill, Inc. $CMG

Key Points

• Baird Financial Group Inc. reduced its stake in Chipotle Mexican Grill by 3.4%, selling 33,936 shares during the first quarter, leaving them with approximately 975,536 shares valued at about $48.98 million.
• The company's stock performance shows a 52-week range between $41.18 and $66.74, with a current price of $42.15, reflecting a market capitalization of $56.52 billion.
• Recent earnings reported a profit of $0.33 per share, slightly surpassing analysts' expectations, with total revenue reaching $3.06 billion for the quarter.

Baird Financial Group Inc. trimmed its stake in Chipotle Mexican Grill, Inc. (NYSE:CMG - Free Report) by 3.4% during the first quarter, according to its most recent disclosure with the SEC. The fund owned 975,536 shares of the restaurant operator's stock after selling 33,936 shares during the quarter. Baird Financial Group Inc. owned approximately 0.07% of Chipotle Mexican Grill worth $48,982,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in CMG. Cloud Capital Management LLC bought a new stake in Chipotle Mexican Grill in the first quarter valued at $25,000. HighMark Wealth Management LLC lifted its stake in 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 buying an additional 371 shares during the last quarter. North Capital Inc. bought a new stake in Chipotle Mexican Grill in the first quarter valued at $30,000. ORG Wealth Partners LLC bought a new stake in Chipotle Mexican Grill in the first quarter valued at $31,000. Finally, Mechanics Financial Corp bought a new stake in Chipotle Mexican Grill in the first quarter valued at $38,000. 91.30% of the stock is currently owned by institutional investors.

Chipotle Mexican Grill Trading Up 0.0%

NYSE:CMG traded up $0.02 during mid-day trading on Wednesday, reaching $41.77. 11,871,354 shares of the stock were exchanged, compared to its average volume of 14,225,772. The business has a fifty day moving average price of $48.15 and a 200 day moving average price of $49.85. The firm has a market capitalization of $56.00 billion, a PE ratio of 37.29, a PEG ratio of 2.14 and a beta of 1.02. Chipotle Mexican Grill, Inc. has a 1-year low of $41.18 and a 1-year high of $66.74.

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

Analyst Ratings Changes

CMG has been the topic of a number of research analyst reports. Melius initiated coverage on Chipotle Mexican Grill in a report on Monday, July 14th. They set a "hold" rating and a $60.00 price target on the stock. Citigroup lowered their price target on Chipotle Mexican Grill from $68.00 to $62.00 and set a "buy" rating on the stock in a report on Thursday, July 24th. Rothschild & Co Redburn raised Chipotle Mexican Grill from a "neutral" rating to a "buy" rating and set a $55.00 price target on the stock in a report on Wednesday. BMO Capital Markets raised Chipotle Mexican Grill from a "market perform" rating to an "outperform" rating and raised their price target for the company from $56.00 to $65.00 in a report on Friday, July 18th. Finally, TD Securities reissued a "buy" rating and set a $57.00 price target on shares of Chipotle Mexican Grill in a report on Wednesday, June 18th. One research analyst has rated the stock with a Strong Buy rating, twenty have assigned a Buy rating and eight have assigned a Hold rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $60.04.

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.