Chipotle Mexican Grill, Inc. $CMG Shares Bought by IFM Investors Pty Ltd

Key Points

• IFM Investors Pty Ltd increased its stake in Chipotle Mexican Grill by 3.6%, owning 261,114 shares valued at approximately $14.66 million as of the end of the second quarter.
• Research firms have recently adjusted their price targets for Chipotle, with Wells Fargo lowering its target from $65.00 to $60.00, while TD Securities maintained a "buy" rating with a target of $57.00.
• Chipotle reported a quarterly earnings per share (EPS) of $0.33, slightly exceeding analyst estimates, and achieved a net margin of 13.32% with a quarterly revenue of $3.06 billion.

IFM Investors Pty Ltd increased its stake in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG - Free Report) by 3.6% in the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 261,114 shares of the restaurant operator's stock after buying an additional 8,964 shares during the period. IFM Investors Pty Ltd's holdings in Chipotle Mexican Grill were worth $14,662,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Cloud Capital Management LLC bought a new position in Chipotle Mexican Grill in the 1st quarter valued at approximately $25,000. Saudi Central Bank acquired a new stake in Chipotle Mexican Grill during the 1st quarter worth $27,000. 1248 Management LLC acquired a new stake in Chipotle Mexican Grill during the 1st quarter worth approximately $27,000. HighMark Wealth Management LLC increased its stake in shares of Chipotle Mexican Grill by 173.4% during the first quarter. HighMark Wealth Management LLC now owns 585 shares of the restaurant operator's stock worth $29,000 after acquiring an additional 371 shares during the period. Finally, Oliver Lagore Vanvalin Investment Group purchased a new position in Chipotle Mexican Grill during the second quarter worth about $29,000. Institutional investors own 91.30% of the company's stock.

Chipotle Mexican Grill Price Performance

Shares of NYSE CMG traded down $0.51 during trading on Friday, hitting $39.30. The stock had a trading volume of 36,393,078 shares, compared to its average volume of 18,575,692. The company has a market capitalization of $52.70 billion, a PE ratio of 35.09, a PEG ratio of 2.00 and a beta of 1.02. The firm has a fifty day moving average of $43.88 and a two-hundred day moving average of $48.61. Chipotle Mexican Grill, Inc. has a 12 month low of $38.30 and a 12 month high of $66.74.

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

Analyst Ratings Changes

CMG has been the topic of several recent research reports. Truist Financial cut their target price on 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 restated a "buy" rating and issued a $57.00 target price on shares of Chipotle Mexican Grill in a research note on Wednesday, June 18th. Raymond James Financial cut 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 report on Friday, August 15th. TD Cowen restated a "buy" rating and set a $58.00 price target on shares of Chipotle Mexican Grill in a report on Friday. Finally, UBS Group boosted their price target on Chipotle Mexican Grill from $60.00 to $65.00 and gave the company a "buy" rating in a report on Thursday, July 17th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating and eight have assigned a Hold rating to the stock. Based on data from MarketBeat, Chipotle Mexican Grill has an average rating of "Moderate Buy" and an average price target of $59.76.

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.