Deltec Asset Management LLC Has $3.84 Million Stock Holdings in Chipotle Mexican Grill, Inc. $CMG

Key Points

• Deltec Asset Management LLC has decreased its stake in Chipotle Mexican Grill by 18.2%, now holding 68,300 shares worth approximately $3.84 million.
• Several institutional investors, including GAMMA Investing LLC and Revolve Wealth Partners LLC, have recently increased their stakes in Chipotle, indicating strong interest in the stock.
• Chipotle Mexican Grill received mixed ratings from analysts, with two upgrades to Strong Buy and a consensus rating of Moderate Buy, reflecting positive market sentiment despite price target adjustments.

Deltec Asset Management LLC decreased its stake in Chipotle Mexican Grill, Inc. (NYSE:CMG - Free Report) by 18.2% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 68,300 shares of the restaurant operator's stock after selling 15,200 shares during the period. Deltec Asset Management LLC's holdings in Chipotle Mexican Grill were worth $3,835,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in CMG. Revolve Wealth Partners LLC increased its stake in shares of Chipotle Mexican Grill by 4.7% in the fourth quarter. Revolve Wealth Partners LLC now owns 4,804 shares of the restaurant operator's stock valued at $290,000 after buying an additional 214 shares during the period. Bison Wealth LLC acquired a new stake in shares of Chipotle Mexican Grill in the fourth quarter valued at about $224,000. GAMMA Investing LLC increased its stake in shares of Chipotle Mexican Grill by 4,099.4% in the first quarter. GAMMA Investing LLC now owns 1,211,818 shares of the restaurant operator's stock valued at $60,845,000 after buying an additional 1,182,961 shares during the period. NBC Securities Inc. increased its stake in shares of Chipotle Mexican Grill by 137,000.0% in the first quarter. NBC Securities Inc. now owns 1,371 shares of the restaurant operator's stock valued at $68,000 after buying an additional 1,370 shares during the period. Finally, LVW Advisors LLC increased its stake in shares of Chipotle Mexican Grill by 12.9% in the first quarter. LVW Advisors LLC now owns 8,106 shares of the restaurant operator's stock valued at $407,000 after buying an additional 926 shares during the period. Institutional investors and hedge funds own 91.30% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms recently commented on CMG. Rothschild Redb raised Chipotle Mexican Grill from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, September 3rd. Barclays cut their price target on Chipotle Mexican Grill from $55.00 to $53.00 and set an "equal weight" rating on the stock in a report on Thursday, July 24th. Wells Fargo & Company dropped 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. Melius initiated coverage on Chipotle Mexican Grill in a report on Monday, July 14th. They issued a "hold" rating and a $60.00 target price on the stock. Finally, Rothschild & Co Redburn upgraded Chipotle Mexican Grill from a "neutral" rating to a "buy" rating and set a $55.00 price target on the stock in a report on Wednesday, September 3rd. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-one have given a Buy rating and eight have issued a Hold rating to the company. Based on data from MarketBeat, Chipotle Mexican Grill presently has a consensus rating of "Moderate Buy" and a consensus price target of $59.76.

Chipotle Mexican Grill Price Performance

NYSE CMG opened at $39.22 on Wednesday. The business's fifty day moving average price is $41.95 and its 200-day moving average price is $48.10. The stock has a market capitalization of $52.59 billion, a price-to-earnings ratio of 35.02, a PEG ratio of 2.03 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.

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 for the quarter, beating the consensus estimate of $0.32 by $0.01. The company had revenue of $3.06 billion for the quarter, compared to the consensus estimate 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 quarterly revenue was up 3.0% compared to the same quarter last year. During the same period in the previous year, the business earned $0.34 earnings per share. Equities research analysts anticipate 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.

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