Garde Capital Inc. Has $2.39 Million Stock Holdings in Chipotle Mexican Grill, Inc. $CMG

Key Points

• Garde Capital Inc. increased its holdings in Chipotle Mexican Grill by 95.6%, owning 42,549 shares worth approximately $2.39 million after acquiring an additional 20,799 shares in the last quarter.
• Institutional investors hold 91.30% of Chipotle's stock, with several hedge funds increasing their stakes significantly during the first quarter.
• Chipotle's current stock has a consensus rating of "Moderate Buy" with a price target of $59.76, following recent ratings adjustments by multiple research firms.

Garde Capital Inc. increased its position in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG - Free Report) by 95.6% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 42,549 shares of the restaurant operator's stock after acquiring an additional 20,799 shares during the period. Garde Capital Inc.'s holdings in Chipotle Mexican Grill were worth $2,389,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its stake in Chipotle Mexican Grill by 1.3% during the first quarter. Vanguard Group Inc. now owns 122,463,327 shares of the restaurant operator's stock worth $6,148,884,000 after buying an additional 1,597,287 shares during the last quarter. Price T Rowe Associates Inc. MD grew its holdings in shares of 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 valued at $2,853,302,000 after buying an additional 4,027,016 shares during the last quarter. Alliancebernstein L.P. grew its holdings in shares of Chipotle Mexican Grill by 8.0% during the first quarter. Alliancebernstein L.P. now owns 32,505,318 shares of the restaurant operator's stock valued at $1,632,092,000 after buying an additional 2,404,798 shares during the last quarter. American Century Companies Inc. boosted its holdings in Chipotle Mexican Grill by 2.1% during the first quarter. American Century Companies Inc. now owns 20,662,628 shares of the restaurant operator's stock worth $1,037,471,000 after purchasing an additional 425,648 shares during the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in Chipotle Mexican Grill by 8.1% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 11,111,416 shares of the restaurant operator's stock worth $557,904,000 after purchasing an additional 833,760 shares during the last quarter. Institutional investors and hedge funds own 91.30% of the company's stock.

Analysts Set New Price Targets

A number of research firms have weighed in on CMG. BTIG Research reiterated a "buy" rating and issued a $57.00 target price on shares of Chipotle Mexican Grill in a research note on Friday, September 5th. Truist Financial decreased their target price on shares of Chipotle Mexican Grill from $64.00 to $60.00 and set a "buy" rating on the stock in a report on Friday, July 25th. TD Securities reissued a "buy" rating and issued a $57.00 price target on shares of Chipotle Mexican Grill in a report on Wednesday, June 18th. Barclays cut their price objective on shares of Chipotle Mexican Grill from $55.00 to $53.00 and set an "equal weight" rating for the company in a research note on Thursday, July 24th. Finally, JPMorgan Chase & Co. dropped their price target on shares of Chipotle Mexican Grill from $58.00 to $54.00 and set a "neutral" rating for the company in a research report on Thursday, May 29th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating and eight have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $59.76.

Chipotle Mexican Grill Price Performance

Shares of NYSE:CMG opened at $38.65 on Friday. Chipotle Mexican Grill, Inc. has a 1-year low of $38.30 and a 1-year high of $66.74. The company has a market capitalization of $51.83 billion, a P/E ratio of 34.51, a P/E/G ratio of 1.98 and a beta of 1.02. The firm's 50 day simple moving average is $45.54 and its two-hundred day simple moving average is $49.13.

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

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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