Chipotle Mexican Grill, Inc. $CMG Shares Bought by Cwm LLC

Key Points

• Cwm LLC increased its holdings in Chipotle Mexican Grill by 25.7%, owning 73,591 shares valued at over $4 million as per its latest SEC filing.
• Several institutional investors adjusted their stakes, with 91.30% of Chipotle's stock owned by such funds, indicating strong institutional interest.
• Analyst ratings reflect a "Moderate Buy" consensus with a target price of $57.55, although several firms have lowered their price targets recently.

Cwm LLC boosted its holdings in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG - Free Report) by 25.7% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 73,591 shares of the restaurant operator's stock after buying an additional 15,062 shares during the period. Cwm LLC's holdings in Chipotle Mexican Grill were worth $4,132,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently added to or reduced their stakes in the company. Ascent Group LLC increased its holdings in shares of Chipotle Mexican Grill by 3.5% in the second quarter. Ascent Group LLC now owns 5,752 shares of the restaurant operator's stock valued at $323,000 after purchasing an additional 193 shares during the last quarter. E. Ohman J or Asset Management AB increased its stake in Chipotle Mexican Grill by 0.3% during the second quarter. E. Ohman J or Asset Management AB now owns 59,234 shares of the restaurant operator's stock worth $3,326,000 after acquiring an additional 194 shares during the last quarter. Occidental Asset Management LLC increased its stake in Chipotle Mexican Grill by 2.8% during the second quarter. Occidental Asset Management LLC now owns 7,257 shares of the restaurant operator's stock worth $407,000 after acquiring an additional 195 shares during the last quarter. Perennial Advisors LLC increased its stake in Chipotle Mexican Grill by 3.1% during the second quarter. Perennial Advisors LLC now owns 6,667 shares of the restaurant operator's stock worth $374,000 after acquiring an additional 200 shares during the last quarter. Finally, Quent Capital LLC increased its stake in Chipotle Mexican Grill by 2.0% during the second quarter. Quent Capital LLC now owns 10,555 shares of the restaurant operator's stock worth $593,000 after acquiring an additional 208 shares during the last quarter. 91.30% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms have issued reports on CMG. Stephens reissued an "equal weight" rating and set a $60.00 target price on shares of Chipotle Mexican Grill in a research note on Monday, September 29th. Guggenheim lowered their price target on Chipotle Mexican Grill from $47.00 to $46.00 and set a "neutral" rating for the company in a research report on Friday, July 25th. Sanford C. Bernstein lowered their price target on Chipotle Mexican Grill from $65.00 to $60.00 and set an "outperform" rating for the company in a research report on Thursday, October 2nd. Truist Financial lowered their price target on Chipotle Mexican Grill from $60.00 to $53.00 and set a "buy" rating for the company in a research report on Tuesday. Finally, Wells Fargo & Company lowered their price target on Chipotle Mexican Grill from $60.00 to $55.00 and set an "overweight" rating for the company in a research report on Thursday. Two analysts have rated the stock with a Strong Buy rating, twenty-one have given a Buy rating and nine have issued a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $57.55.

Chipotle Mexican Grill Trading Down 0.1%

NYSE:CMG opened at $41.73 on Friday. The firm has a market cap of $55.96 billion, a PE ratio of 37.26, a price-to-earnings-growth ratio of 2.52 and a beta of 0.99. The stock has a fifty day moving average price of $41.10 and a 200 day moving average price of $47.41. Chipotle Mexican Grill, Inc. has a 12-month low of $38.30 and a 12-month high of $66.74.

Chipotle Mexican Grill (NYSE:CMG - Get Free Report) last released its earnings results on Wednesday, July 23rd. The restaurant operator reported $0.33 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.32 by $0.01. The firm had revenue of $3.06 billion during 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%.Chipotle Mexican Grill's revenue was up 3.0% compared to the same quarter last year. During the same period last year, the business posted $0.34 earnings per share. Equities analysts forecast that Chipotle Mexican Grill, Inc. will post 1.29 EPS for the current year.

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.

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.