Chipotle Mexican Grill, Inc. $CMG Position Boosted by Congress Asset Management Co.

Key Points

• Congress Asset Management Co. increased its stake in Chipotle Mexican Grill by 9.1%, now owning approximately 1.9 million shares worth over $107 million as of the latest filing.
• Chipotle reported a $0.33 EPS for the last quarter, exceeding estimates slightly, while quarterly revenue was $3.06 billion, below analyst expectations.
• Equities analysts have generally rated Chipotle's stock positively, with a consensus rating of "Moderate Buy" and a target price of $59.76.

Congress Asset Management Co. lifted its stake in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG - Free Report) by 9.1% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 1,906,169 shares of the restaurant operator's stock after purchasing an additional 158,225 shares during the period. Congress Asset Management Co. owned about 0.14% of Chipotle Mexican Grill worth $107,031,000 as of its most recent filing with the SEC.

Several other large investors have also modified their holdings of CMG. Cloud Capital Management LLC bought a new position in shares of Chipotle Mexican Grill during the first quarter worth about $25,000. Saudi Central Bank bought a new position in Chipotle Mexican Grill in the first quarter worth about $27,000. 1248 Management LLC bought a new position in Chipotle Mexican Grill in the first quarter worth about $27,000. HighMark Wealth Management LLC lifted its holdings 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 worth $29,000 after acquiring an additional 371 shares during the last quarter. Finally, Oliver Lagore Vanvalin Investment Group bought a new position in Chipotle Mexican Grill in the second quarter worth about $29,000. Institutional investors own 91.30% of the company's stock.

Chipotle Mexican Grill Stock Performance

Chipotle Mexican Grill stock opened at $39.34 on Friday. The firm has a market cap of $52.75 billion, a price-to-earnings ratio of 35.13, a price-to-earnings-growth ratio of 2.01 and a beta of 1.02. Chipotle Mexican Grill, Inc. has a 1 year low of $38.30 and a 1 year high of $66.74. The firm's 50 day moving average price is $42.75 and its two-hundred day moving average price is $48.32.

Chipotle Mexican Grill (NYSE:CMG - Get Free Report) last posted its quarterly 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 analyst estimates of $3.11 billion. Chipotle Mexican Grill had a net margin of 13.32% and a return on equity of 43.50%. The firm's quarterly revenue was up 3.0% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.34 earnings per share. As a group, equities analysts predict that Chipotle Mexican Grill, Inc. will post 1.29 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the stock. Rothschild Redb raised shares of Chipotle Mexican Grill from a "hold" rating to a "strong-buy" rating in a report on Wednesday, September 3rd. Guggenheim cut their target price on shares of Chipotle Mexican Grill from $47.00 to $46.00 and set a "neutral" rating on the stock in a report on Friday, July 25th. Stifel Nicolaus cut their target price on shares of Chipotle Mexican Grill from $65.00 to $60.00 and set a "buy" rating on the stock in a report on Tuesday, September 9th. TD Securities reissued a "buy" rating and issued a $57.00 target price on shares of Chipotle Mexican Grill in a report on Wednesday, June 18th. Finally, BTIG Research reissued a "buy" rating and issued a $57.00 target price on shares of Chipotle Mexican Grill in a report on Friday, September 5th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating and eight have issued a Hold rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $59.76.

Chipotle Mexican Grill 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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