Blair William & Co. IL Has $129.80 Million Holdings in Chipotle Mexican Grill, Inc. $CMG

Key Points

• Blair William & Co. IL reduced its stake in Chipotle Mexican Grill by 5.5%, holding approximately $129.80 million in shares as of the last reporting period.
• Institutional investors collectively own 91.30% of Chipotle's stock, indicating strong institutional interest in the company.
• Analysts have issued varying ratings on Chipotle, with two Strong Buy ratings, 21 Buy ratings, and an average target price of $59.28.

Blair William & Co. IL trimmed its position in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG - Free Report) by 5.5% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,311,580 shares of the restaurant operator's stock after selling 135,016 shares during the quarter. Blair William & Co. IL owned 0.17% of Chipotle Mexican Grill worth $129,795,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Signature Resources Capital Management LLC bought a new position in Chipotle Mexican Grill during the 2nd quarter valued at $28,000. Cloud Capital Management LLC purchased a new stake in shares of Chipotle Mexican Grill during the 1st quarter valued at approximately $25,000. Oliver Lagore Vanvalin Investment Group bought a new position in Chipotle Mexican Grill in the 2nd quarter worth approximately $29,000. 1248 Management LLC purchased a new position in Chipotle Mexican Grill in the 1st quarter valued at approximately $27,000. Finally, Saudi Central Bank bought a new stake in Chipotle Mexican Grill during the 1st quarter valued at $27,000. Institutional investors own 91.30% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on CMG. Melius began coverage on Chipotle Mexican Grill in a research report on Monday, July 14th. They set a "hold" rating and a $60.00 price target for the company. Evercore ISI decreased their price objective on Chipotle Mexican Grill from $57.00 to $53.00 and set an "outperform" rating on the stock in a report on Tuesday. Weiss Ratings restated a "hold (c)" rating on shares of Chipotle Mexican Grill in a research report on Wednesday. BTIG Research reiterated a "buy" rating and set a $57.00 price target on shares of Chipotle Mexican Grill in a research report on Friday, September 5th. Finally, Barclays lowered their price objective on shares of Chipotle Mexican Grill from $55.00 to $53.00 and set an "equal weight" rating for the company in a report on Thursday, July 24th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-one have given a Buy rating and nine have given a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $59.28.

Chipotle Mexican Grill Trading Up 0.1%

Shares of CMG stock opened at $41.00 on Thursday. Chipotle Mexican Grill, Inc. has a 12-month low of $38.30 and a 12-month high of $66.74. The stock has a market capitalization of $54.98 billion, a P/E ratio of 36.61, a P/E/G ratio of 2.09 and a beta of 0.99. The firm's 50 day moving average is $41.28 and its 200 day moving average is $47.78.

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

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.

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