Chipotle Mexican Grill, Inc. $CMG Holdings Boosted by Vantage Investment Partners LLC

Key Points

• Vantage Investment Partners LLC increased its stake in Chipotle Mexican Grill by 13.2%, now owning approximately 0.06% of the company valued at $45.87 million, making it the firm's 9th largest holding.
• Chipotle reported a net margin of 13.32% and earnings per share of $0.33 for the last quarter, slightly exceeding analyst expectations.
• Analysts have a consensus rating of "Moderate Buy" for Chipotle, with a price target averaging $59.41, reflecting varying opinions on the stock's performance.

Vantage Investment Partners LLC boosted its holdings in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG - Free Report) by 13.2% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 817,032 shares of the restaurant operator's stock after buying an additional 95,548 shares during the quarter. Chipotle Mexican Grill makes up about 3.3% of Vantage Investment Partners LLC's investment portfolio, making the stock its 9th largest holding. Vantage Investment Partners LLC owned approximately 0.06% of Chipotle Mexican Grill worth $45,876,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Cloud Capital Management LLC purchased a new position in Chipotle Mexican Grill during the first quarter valued at $25,000. Saudi Central Bank purchased a new stake in Chipotle Mexican Grill in the first quarter worth about $27,000. 1248 Management LLC bought a new position in shares of Chipotle Mexican Grill in the first quarter worth about $27,000. Signature Resources Capital Management LLC purchased a new position in shares of Chipotle Mexican Grill during the 2nd quarter valued at about $28,000. Finally, HighMark Wealth Management LLC grew its stake in shares of Chipotle Mexican Grill by 173.4% during the 1st quarter. HighMark Wealth Management LLC now owns 585 shares of the restaurant operator's stock valued at $29,000 after acquiring an additional 371 shares during the period. 91.30% of the stock is currently owned by institutional investors.

Chipotle Mexican Grill Stock Up 3.7%

Shares of CMG stock opened at $41.78 on Monday. The company's fifty day simple moving average is $41.47 and its two-hundred day simple moving average is $47.92. Chipotle Mexican Grill, Inc. has a 52 week low of $38.30 and a 52 week high of $66.74. The stock has a market cap of $56.02 billion, a P/E ratio of 37.30, a PEG ratio of 2.13 and a beta of 0.99.

Chipotle Mexican Grill (NYSE:CMG - Get Free Report) last issued its earnings results on Wednesday, July 23rd. The restaurant operator reported $0.33 earnings per share (EPS) for the quarter, topping 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 business's revenue was up 3.0% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.34 earnings per share. On average, analysts anticipate that Chipotle Mexican Grill, Inc. will post 1.29 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on CMG shares. BMO Capital Markets raised shares of Chipotle Mexican Grill from a "market perform" rating to an "outperform" rating and increased their target price for the stock from $56.00 to $65.00 in a report on Friday, July 18th. Piper Sandler upgraded shares of Chipotle Mexican Grill from a "neutral" rating to an "overweight" rating and decreased their price objective for the company from $53.00 to $50.00 in a research report on Tuesday, August 12th. Sanford C. Bernstein dropped their target price on shares of Chipotle Mexican Grill from $65.00 to $60.00 and set an "outperform" rating for the company in a report on Thursday. Robert W. Baird cut their price target on Chipotle Mexican Grill from $62.00 to $59.00 and set an "outperform" rating for the company in a research note on Thursday, July 24th. Finally, Melius initiated coverage on Chipotle Mexican Grill in a research report on Monday, July 14th. They issued a "hold" rating and a $60.00 price objective on the stock. Two research analysts have rated the stock with a Strong Buy rating, twenty-one have given a Buy rating and nine have assigned a Hold rating to the stock. According to data from MarketBeat.com, Chipotle Mexican Grill presently has a consensus rating of "Moderate Buy" and a consensus price target of $59.41.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.