GC Wealth Management RIA LLC Acquires Shares of 15,219 Chipotle Mexican Grill, Inc. $CMG

Key Points

• GC Wealth Management RIA LLC acquired 15,219 shares of Chipotle Mexican Grill, valued at approximately $855,000, during the second quarter of 2023.
• The stock's current market cap is $53.46 billion, with a price-to-earnings ratio of 35.60 and a consensus rating of "Moderate Buy" from analysts.
• Chipotle's recent earnings report showed a net income margin of 13.32% and a year-over-year revenue increase of 3.0%, with earnings per share beating estimates.

GC Wealth Management RIA LLC bought a new position in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG - Free Report) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 15,219 shares of the restaurant operator's stock, valued at approximately $855,000.

Other institutional investors have also made changes to their positions in the company. Generate Investment Management Ltd acquired a new stake in Chipotle Mexican Grill during the 2nd quarter valued at $7,828,000. Scott & Selber Inc. raised its position in shares of Chipotle Mexican Grill by 0.7% in the second quarter. Scott & Selber Inc. now owns 35,703 shares of the restaurant operator's stock valued at $2,005,000 after purchasing an additional 258 shares during the period. Moody Lynn & Lieberson LLC lifted its stake in shares of Chipotle Mexican Grill by 60.3% during the 2nd quarter. Moody Lynn & Lieberson LLC now owns 48,810 shares of the restaurant operator's stock worth $2,741,000 after buying an additional 18,364 shares during the last quarter. City Holding Co. boosted its holdings in shares of Chipotle Mexican Grill by 4.9% during the second quarter. City Holding Co. now owns 90,244 shares of the restaurant operator's stock worth $5,067,000 after acquiring an additional 4,200 shares during the period. Finally, OAKMONT Corp grew its holdings in Chipotle Mexican Grill by 1.2% in the 2nd quarter. OAKMONT Corp now owns 570,071 shares of the restaurant operator's stock valued at $32,009,000 after buying an additional 6,706 shares in the last quarter. 91.30% of the stock is owned by institutional investors and hedge funds.

Chipotle Mexican Grill Stock Performance

Chipotle Mexican Grill stock opened at $39.87 on Tuesday. The stock has a market capitalization of $53.46 billion, a price-to-earnings ratio of 35.60, a PEG ratio of 2.04 and a beta of 1.02. Chipotle Mexican Grill, Inc. has a 52-week low of $38.30 and a 52-week high of $66.74. The stock's 50 day moving average price is $42.22 and its two-hundred day moving average price is $48.17.

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 (EPS) for the quarter, beating analysts' consensus estimates 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 net margin of 13.32% and a return on equity of 43.50%. Chipotle Mexican Grill's quarterly revenue was up 3.0% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.34 EPS. On average, equities research analysts forecast that Chipotle Mexican Grill, Inc. will post 1.29 EPS for the current year.

Analyst Ratings Changes

Several equities analysts have weighed in on CMG shares. UBS Group lifted their price objective on Chipotle Mexican Grill from $60.00 to $65.00 and gave the company a "buy" rating in a report on Thursday, July 17th. Barclays lowered their price target on shares of Chipotle Mexican Grill from $55.00 to $53.00 and set an "equal weight" rating for the company in a report on Thursday, July 24th. Wells Fargo & Company cut their target price on shares of Chipotle Mexican Grill from $65.00 to $60.00 and set an "overweight" rating on the stock in a research report on Thursday, July 24th. Truist Financial decreased their price target on shares of Chipotle Mexican Grill from $64.00 to $60.00 and set a "buy" rating for the company in a research report on Friday, July 25th. Finally, Raymond James Financial cut their price target on shares of Chipotle Mexican Grill from $60.00 to $56.00 and set an "outperform" rating on the stock in a report on Friday, August 15th. 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 company's stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $59.76.

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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