Chipotle Mexican Grill, Inc. $CMG Shares Acquired by Montrusco Bolton Investments Inc.

Key Points

• Montrusco Bolton Investments Inc. increased its stake in Chipotle Mexican Grill by 5.5%, owning over 5.1 million shares valued at $279 million.
• Analysts have varying price targets for Chipotle stock, with estimates ranging from $49.00 to $65.00, reflecting differing outlooks on its performance.
• Chipotle reported a net margin of 13.32% and earnings of $0.33 per share for the last quarterly results, outperforming expectations slightly.

Montrusco Bolton Investments Inc. grew its holdings in Chipotle Mexican Grill, Inc. (NYSE:CMG - Free Report) by 5.5% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,116,087 shares of the restaurant operator's stock after purchasing an additional 267,097 shares during the quarter. Chipotle Mexican Grill makes up approximately 3.1% of Montrusco Bolton Investments Inc.'s portfolio, making the stock its 11th largest holding. Montrusco Bolton Investments Inc. owned 0.38% of Chipotle Mexican Grill worth $279,343,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Revolve Wealth Partners LLC boosted its position in Chipotle Mexican Grill by 4.7% during the fourth quarter. Revolve Wealth Partners LLC now owns 4,804 shares of the restaurant operator's stock worth $290,000 after acquiring an additional 214 shares during the last quarter. Bison Wealth LLC purchased a new position in Chipotle Mexican Grill during the fourth quarter worth approximately $224,000. NorthCrest Asset Manangement LLC raised its stake in Chipotle Mexican Grill by 0.9% during the first quarter. NorthCrest Asset Manangement LLC now owns 26,569 shares of the restaurant operator's stock worth $1,334,000 after purchasing an additional 246 shares during the period. Wealth Enhancement Advisory Services LLC raised its stake in shares of Chipotle Mexican Grill by 13.8% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 373,432 shares of the restaurant operator's stock valued at $18,750,000 after acquiring an additional 45,296 shares during the period. Finally, Opal Wealth Advisors LLC purchased a new position in shares of Chipotle Mexican Grill in the 1st quarter valued at $50,000. 91.30% of the stock is currently owned by institutional investors and hedge funds.

Chipotle Mexican Grill Price Performance

Shares of CMG stock opened at $39.86 on Monday. Chipotle Mexican Grill, Inc. has a 1-year low of $38.30 and a 1-year high of $66.74. The firm has a fifty day moving average of $41.18 and a two-hundred day moving average of $47.61. The firm has a market cap of $53.45 billion, a P/E ratio of 35.59, a P/E/G ratio of 2.04 and a beta of 0.99.

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

Analysts Set New Price Targets

A number of equities analysts have recently commented on CMG shares. Robert W. Baird cut their target price on shares of Chipotle Mexican Grill from $59.00 to $49.00 and set an "outperform" rating on the stock in a research note on Friday. TD Cowen reaffirmed a "buy" rating and set a $58.00 price target on shares of Chipotle Mexican Grill in a research note on Friday, September 19th. Wells Fargo & Company dropped their price target on shares of Chipotle Mexican Grill from $65.00 to $60.00 and set an "overweight" rating on the stock in a research note on Thursday, July 24th. Raymond James Financial decreased their price objective on shares of Chipotle Mexican Grill from $60.00 to $56.00 and set an "outperform" rating for the company in a report on Friday, August 15th. Finally, Rothschild Redb raised shares of Chipotle Mexican Grill from a "hold" rating to a "strong-buy" rating in a report on Wednesday, September 3rd. Two analysts have rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating and nine have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Chipotle Mexican Grill presently has an average rating of "Moderate Buy" and an average price target of $58.93.

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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