Chipotle Mexican Grill, Inc. $CMG Position Increased by GDS Wealth Management

Key Points

• GDS Wealth Management significantly increased its position in Chipotle Mexican Grill by 124.2%, owning 135,924 shares valued at approximately $6.83 million after acquiring 75,300 additional shares.
• Chipotle reported a net margin of 13.32% and a return on equity of 43.50% for the last quarter, with EPS of $0.33, slightly exceeding analysts' expectations.
• Analysts have adjusted their target prices for Chipotle, with Truist Financial lowering their price objective from $64.00 to $60.00, while the overall consensus rating remains a "Moderate Buy" with a target of $60.22.

GDS Wealth Management increased its position in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG - Free Report) by 124.2% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 135,924 shares of the restaurant operator's stock after acquiring an additional 75,300 shares during the period. GDS Wealth Management's holdings in Chipotle Mexican Grill were worth $6,825,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. Cloud Capital Management LLC purchased a new stake in shares of Chipotle Mexican Grill during the first quarter worth $25,000. HighMark Wealth Management LLC raised its holdings in shares of Chipotle Mexican Grill by 173.4% during 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 in the last quarter. North Capital Inc. purchased a new stake in shares of Chipotle Mexican Grill during the first quarter worth $30,000. ORG Wealth Partners LLC purchased a new stake in shares of Chipotle Mexican Grill during the first quarter worth $31,000. Finally, Mascagni Wealth Management Inc. purchased a new stake in shares of Chipotle Mexican Grill during the fourth quarter worth $45,000. 91.30% of the stock is currently owned by hedge funds and other institutional investors.

Chipotle Mexican Grill Stock Performance

Chipotle Mexican Grill stock opened at $43.2150 on Wednesday. The business's 50-day simple moving average is $50.07 and its 200-day simple moving average is $50.89. The firm has a market capitalization of $57.95 billion, a PE ratio of 38.58, a PEG ratio of 2.21 and a beta of 1.05. Chipotle Mexican Grill, Inc. has a 52 week low of $41.18 and a 52 week high of $66.74.

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

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on CMG shares. Truist Financial cut their price objective on Chipotle Mexican Grill from $64.00 to $60.00 and set a "buy" rating for the company in a report on Friday, July 25th. Loop Capital cut their target price on Chipotle Mexican Grill from $65.00 to $63.00 and set a "buy" rating on the stock in a report on Thursday, April 24th. Wells Fargo & Company cut their target price on Chipotle Mexican Grill from $65.00 to $60.00 and set an "overweight" rating on the stock in a report on Thursday, July 24th. Redburn Atlantic began coverage on Chipotle Mexican Grill in a report on Tuesday, June 10th. They set a "neutral" rating and a $55.00 target price on the stock. Finally, Evercore ISI cut their target price on Chipotle Mexican Grill from $64.00 to $57.00 and set an "outperform" rating on the stock in a report on Thursday, April 24th. One investment analyst has rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and eight have issued a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $60.22.

Insider Activity at Chipotle Mexican Grill

In other news, insider Roger E. Theodoredis sold 113,875 shares of Chipotle Mexican Grill stock in a transaction dated Monday, June 2nd. The stock was sold at an average price of $49.70, for a total value of $5,659,587.50. Following the transaction, the insider directly owned 109,815 shares in the company, valued at approximately $5,457,805.50. The trade was a 50.91% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 1.02% of the company's stock.

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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