Focus Partners Advisor Solutions LLC Buys 6,907 Shares of Chipotle Mexican Grill, Inc. $CMG

Key Points

• Focus Partners Advisor Solutions LLC increased its position in Chipotle Mexican Grill, Inc. by 68.9%, holding 16,932 shares valued at approximately $850,000.
• Several institutional investors, including Vanguard Group and Price T Rowe Associates, also boosted their holdings in Chipotle during the same period, reflecting strong investor interest.
• Chipotle reported earnings of $0.33 per share for the latest quarter, exceeding estimates, but revenue fell short of expectations at $3.06 billion.

Focus Partners Advisor Solutions LLC boosted its holdings in Chipotle Mexican Grill, Inc. (NYSE:CMG - Free Report) by 68.9% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 16,932 shares of the restaurant operator's stock after buying an additional 6,907 shares during the quarter. Focus Partners Advisor Solutions LLC's holdings in Chipotle Mexican Grill were worth $850,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in CMG. Revolve Wealth Partners LLC boosted its position in 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 in the last quarter. Csenge Advisory Group lifted its holdings in Chipotle Mexican Grill by 5.0% in the first quarter. Csenge Advisory Group now owns 4,603 shares of the restaurant operator's stock valued at $222,000 after buying an additional 220 shares during the period. Money Concepts Capital Corp increased its stake in Chipotle Mexican Grill by 3.0% in the first quarter. Money Concepts Capital Corp now owns 7,491 shares of the restaurant operator's stock valued at $376,000 after purchasing an additional 221 shares in the last quarter. Northwest Bank & Trust Co increased its stake in Chipotle Mexican Grill by 0.5% in the fourth quarter. Northwest Bank & Trust Co now owns 45,324 shares of the restaurant operator's stock valued at $2,788,000 after purchasing an additional 236 shares in the last quarter. Finally, Covestor Ltd increased its stake in Chipotle Mexican Grill by 5.3% in the first quarter. Covestor Ltd now owns 4,782 shares of the restaurant operator's stock valued at $240,000 after purchasing an additional 242 shares in the last quarter. Institutional investors and hedge funds own 91.30% of the company's stock.

Chipotle Mexican Grill Stock Performance

Shares of Chipotle Mexican Grill stock traded down $0.37 on Friday, reaching $41.04. 21,999,135 shares of the stock were exchanged, compared to its average volume of 15,741,330. The firm has a market cap of $55.03 billion, a PE ratio of 36.64, a P/E/G ratio of 2.09 and a beta of 1.02. The firm's 50 day moving average is $47.35 and its 200-day moving average is $49.56. Chipotle Mexican Grill, Inc. has a one year low of $40.73 and a one year high of $66.74.

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

Analyst Ratings Changes

Several equities research analysts have recently issued reports on CMG shares. Rothschild Redb raised shares of Chipotle Mexican Grill from a "hold" rating to a "strong-buy" rating in a research report on Wednesday. Raymond James Financial lowered their price objective on shares of Chipotle Mexican Grill from $60.00 to $56.00 and set an "outperform" rating on the stock in a research note on Friday, August 15th. Wells Fargo & Company decreased 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. KeyCorp cut their price objective on shares of Chipotle Mexican Grill from $60.00 to $58.00 and set an "overweight" rating for the company in a report on Thursday, July 24th. Finally, JPMorgan Chase & Co. cut their price objective on shares of Chipotle Mexican Grill from $58.00 to $54.00 and set a "neutral" rating for the company in a report on Thursday, May 29th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating and eight have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $59.93.

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.