Concurrent Investment Advisors LLC Has $2.87 Million Stock Holdings in Chipotle Mexican Grill, Inc. $CMG

Key Points

• Concurrent Investment Advisors LLC increased its holdings in Chipotle Mexican Grill by 41.3% during the second quarter, now owning over 51,000 shares worth approximately $2.87 million.
• Several major institutional investors have significantly modified their positions in Chipotle, including Nuveen LLC and Goldman Sachs, with institutional ownership now at 91.30%.
• Chipotle reported a quarterly revenue of $3.06 billion, slightly below analyst expectations, but managed to outpace earnings estimates with $0.33 EPS against the predicted $0.32 EPS.

Concurrent Investment Advisors LLC lifted its position in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG - Free Report) by 41.3% in the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 51,097 shares of the restaurant operator's stock after buying an additional 14,939 shares during the quarter. Concurrent Investment Advisors LLC's holdings in Chipotle Mexican Grill were worth $2,869,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Nuveen LLC bought a new stake in Chipotle Mexican Grill in the 1st quarter valued at about $535,023,000. Goldman Sachs Group Inc. raised its position in shares of Chipotle Mexican Grill by 98.1% in the first quarter. Goldman Sachs Group Inc. now owns 9,900,521 shares of the restaurant operator's stock valued at $497,105,000 after buying an additional 4,903,969 shares in the last quarter. Montrusco Bolton Investments Inc. raised its position in shares of Chipotle Mexican Grill by 5,319.7% in the first quarter. Montrusco Bolton Investments Inc. now owns 4,848,990 shares of the restaurant operator's stock valued at $235,580,000 after buying an additional 4,759,520 shares in the last quarter. Price T Rowe Associates Inc. MD grew its position in Chipotle Mexican Grill by 7.6% during the first quarter. Price T Rowe Associates Inc. MD now owns 56,827,332 shares of the restaurant operator's stock worth $2,853,302,000 after buying an additional 4,027,016 shares in the last quarter. Finally, Manning & Napier Advisors LLC acquired a new stake in Chipotle Mexican Grill during the first quarter worth approximately $127,892,000. Institutional investors own 91.30% of the company's stock.

Chipotle Mexican Grill Trading Up 2.7%

Shares of CMG opened at $40.91 on Tuesday. The company has a market capitalization of $54.85 billion, a PE ratio of 36.52, a PEG ratio of 2.04 and a beta of 0.99. Chipotle Mexican Grill, Inc. has a 12 month low of $38.30 and a 12 month high of $66.74. The stock's 50-day moving average price is $41.15 and its two-hundred day moving average price is $47.55.

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

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on the company. Citigroup dropped their price objective on Chipotle Mexican Grill from $68.00 to $62.00 and set a "buy" rating for the company in a report on Thursday, July 24th. Sanford C. Bernstein reduced their price objective on shares of Chipotle Mexican Grill from $65.00 to $60.00 and set an "outperform" rating on the stock in a research note on Thursday, October 2nd. Truist Financial decreased their price target on Chipotle Mexican Grill from $64.00 to $60.00 and set a "buy" rating on the stock in a research note on Friday, July 25th. TD Securities reiterated a "buy" rating and set a $57.00 price objective on shares of Chipotle Mexican Grill in a research report on Wednesday, June 18th. 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 target price for the company. Two investment 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 company. According to MarketBeat.com, Chipotle Mexican Grill presently has a consensus rating of "Moderate Buy" and an average price target of $58.31.

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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