EP Wealth Advisors LLC Purchases Shares of 27,897 Chipotle Mexican Grill, Inc. $CMG

Key Points

• EP Wealth Advisors acquired 27,897 Chipotle shares during the second quarter, valued at approximately $948,000. Institutional investors collectively own 91.30% of CMG’s outstanding stock.
• Wall Street remains broadly positive: 24 analysts rate Chipotle a Buy and nine rate it a Hold, producing a “Moderate Buy” consensus and an average price target of $44.16.
• Chipotle’s latest quarterly results slightly exceeded expectations, with earnings of $0.33 per share and revenue of $3.35 billion, up 9.3% year over year. The stock opened at $36.84, compared with a 12-month range of $28.03 to $43.72.

EP Wealth Advisors LLC acquired a new stake in Chipotle Mexican Grill, Inc. (NYSE:CMG - Free Report) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 27,897 shares of the restaurant operator's stock, valued at approximately $948,000.

Several other institutional investors have also modified their holdings of the company. Wealth Watch Advisors INC purchased a new stake in shares of Chipotle Mexican Grill during the 3rd quarter worth approximately $25,000. MV Capital Management Inc. acquired a new stake in Chipotle Mexican Grill during the 4th quarter worth $26,000. Meeder Asset Management Inc. purchased a new position in Chipotle Mexican Grill during the 2nd quarter worth $27,000. Osbon Capital Management LLC acquired a new position in Chipotle Mexican Grill in the 4th quarter valued at about $28,000. Finally, Merkkuri Wealth Advisors LLC acquired a new stake in shares of Chipotle Mexican Grill during the first quarter worth $28,000. 91.30% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on CMG shares. Argus upped their price target on Chipotle Mexican Grill from $40.00 to $45.00 and gave the stock a "buy" rating in a report on Tuesday, August 4th. Evercore reaffirmed an "outperform" rating and issued a $47.00 price objective on shares of Chipotle Mexican Grill in a research note on Thursday, July 30th. BNP Paribas Exane boosted their target price on shares of Chipotle Mexican Grill from $37.00 to $39.00 and gave the stock a "neutral" rating in a research report on Thursday, April 30th. Raymond James Financial reiterated an "outperform" rating and set a $42.50 price objective on shares of Chipotle Mexican Grill in a research note on Thursday, July 30th. Finally, UBS Group reaffirmed a "buy" rating on shares of Chipotle Mexican Grill in a report on Friday, July 31st. Twenty-four research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company's stock. Based on data from MarketBeat.com, Chipotle Mexican Grill has an average rating of "Moderate Buy" and a consensus target price of $44.16.

Chipotle Mexican Grill Stock Down 0.2%

CMG opened at $36.84 on Monday. Chipotle Mexican Grill, Inc. has a 12-month low of $28.03 and a 12-month high of $43.72. The stock has a fifty day moving average of $33.80 and a 200-day moving average of $33.96. The firm has a market capitalization of $46.62 billion, a P/E ratio of 33.80, a PEG ratio of 2.35 and a beta of 0.94.

Chipotle Mexican Grill (NYSE:CMG - Get Free Report) last posted its earnings results on Wednesday, July 29th. The restaurant operator reported $0.33 EPS for the quarter, topping the consensus estimate of $0.32 by $0.01. The company had revenue of $3.35 billion during the quarter, compared to the consensus estimate of $3.33 billion. Chipotle Mexican Grill had a net margin of 11.43% and a return on equity of 54.65%. The company's revenue for the quarter was up 9.3% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.33 earnings per share. On average, analysts expect that Chipotle Mexican Grill, Inc. will post 1.14 earnings per share for the current fiscal year.

Chipotle Mexican Grill Company Profile

Chipotle Mexican Grill is a fast-casual restaurant company known for its Mexican-inspired menu of burritos, bowls, tacos and salads. Founded in 1993 by Steve Ells, the chain emphasizes fresh, customizable meals made from a limited menu of core ingredients and a focus on ingredient quality. Chipotle operates primarily company-owned restaurants and offers dine-in, takeout, catering and delivery through its own digital platforms and third-party partners.

The company is headquartered in Newport Beach, California, and traces its roots to Denver, Colorado.

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