HBW Advisory Services LLC Buys Shares of 28,866 Chipotle Mexican Grill, Inc. $CMG

Key Points

• HBW Advisory Services LLC has acquired 28,866 shares of Chipotle Mexican Grill, valued at approximately $1.62 million, marking a new stake in the company.
• Institutional investors and hedge funds collectively own 91.30% of Chipotle's stock, indicating a strong interest from larger financial entities in the restaurant operator.
• Chipotle's recent earnings report showed an EPS of $0.33, beating expectations by $0.01, but revenue was down 3.0% year-over-year, with predictions for a 1.29 EPS for the current fiscal year.

HBW Advisory Services 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 disclosure with the SEC. The fund acquired 28,866 shares of the restaurant operator's stock, valued at approximately $1,621,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Nuveen LLC bought a new position in Chipotle Mexican Grill in the 1st quarter worth $535,023,000. Goldman Sachs Group Inc. raised its holdings in Chipotle Mexican Grill by 98.1% in the 1st quarter. Goldman Sachs Group Inc. now owns 9,900,521 shares of the restaurant operator's stock worth $497,105,000 after acquiring an additional 4,903,969 shares during the period. Montrusco Bolton Investments Inc. raised its holdings in Chipotle Mexican Grill by 5,319.7% in the 1st quarter. Montrusco Bolton Investments Inc. now owns 4,848,990 shares of the restaurant operator's stock worth $235,580,000 after acquiring an additional 4,759,520 shares during the period. Price T Rowe Associates Inc. MD raised its holdings in Chipotle Mexican Grill by 7.6% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 56,827,332 shares of the restaurant operator's stock worth $2,853,302,000 after acquiring an additional 4,027,016 shares during the period. Finally, Manning & Napier Advisors LLC bought a new position in Chipotle Mexican Grill in the 1st quarter worth $127,892,000. Institutional investors and hedge funds own 91.30% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the stock. Wells Fargo & Company dropped their price objective on shares of Chipotle Mexican Grill from $65.00 to $60.00 and set an "overweight" rating on the stock in a report on Thursday, July 24th. BMO Capital Markets upgraded shares of Chipotle Mexican Grill from a "market perform" rating to an "outperform" rating and boosted their price objective for the stock from $56.00 to $65.00 in a report on Friday, July 18th. Stephens restated an "equal weight" rating and set a $60.00 price objective on shares of Chipotle Mexican Grill in a report on Thursday. Piper Sandler upgraded shares of Chipotle Mexican Grill from a "neutral" rating to an "overweight" rating and decreased their target price for the company from $53.00 to $50.00 in a research report on Tuesday, August 12th. Finally, Robert W. Baird decreased their target price on shares of Chipotle Mexican Grill from $62.00 to $59.00 and set an "outperform" rating on the stock in a research report on Thursday, July 24th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating and eight have given a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $59.76.

Chipotle Mexican Grill Stock Down 0.8%

NYSE:CMG opened at $38.65 on Friday. The firm has a market cap of $51.83 billion, a PE ratio of 34.51, a price-to-earnings-growth ratio of 1.98 and a beta of 1.02. Chipotle Mexican Grill, Inc. has a 12 month low of $38.30 and a 12 month high of $66.74. The company's 50-day moving average price is $45.54 and its two-hundred day moving average price is $49.10.

Chipotle Mexican Grill (NYSE:CMG - Get Free Report) last released its quarterly earnings results on Wednesday, July 23rd. The restaurant operator reported $0.33 EPS for the quarter, beating analysts' consensus estimates 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 analyst estimates of $3.11 billion. During the same period in the previous year, the business earned $0.34 earnings per share. The company's revenue for the quarter was up 3.0% compared to the same quarter last year. On average, research analysts expect that Chipotle Mexican Grill, Inc. will post 1.29 EPS 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.

Want to see what other hedge funds are holding CMG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Chipotle Mexican Grill, Inc. (NYSE:CMG - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.