Jacobs & Co. CA Acquires 12,545 Shares of Chipotle Mexican Grill, Inc. $CMG

Key Points

• Jacobs & Co. CA increased its holdings in Chipotle Mexican Grill, Inc. by 8.8% during the second quarter, acquiring an additional 12,545 shares, bringing their total ownership to 154,711 shares valued at approximately $8.7 million.
• Multiple research firms adjusted their price targets for Chipotle, with Stifel Nicolaus lowering it from $65 to $60 while Piper Sandler revised their target from $53 to $50, reflecting varying investor sentiment.
• Chipotle reported $0.33 EPS for the last quarter, slightly exceeding the consensus estimate, while its revenue was $3.06 billion, up 3.0% year-over-year despite falling short of the expected $3.11 billion.

Jacobs & Co. CA increased its holdings in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG - Free Report) by 8.8% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 154,711 shares of the restaurant operator's stock after acquiring an additional 12,545 shares during the period. Jacobs & Co. CA's holdings in Chipotle Mexican Grill were worth $8,687,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Cloud Capital Management LLC bought a new position in Chipotle Mexican Grill in the 1st quarter valued at $25,000. 1248 Management LLC bought a new position in Chipotle Mexican Grill in the 1st quarter valued at $27,000. Saudi Central Bank bought a new position in Chipotle Mexican Grill in the 1st quarter valued at $27,000. HighMark Wealth Management LLC boosted its position in Chipotle Mexican Grill by 173.4% in the 1st quarter. HighMark Wealth Management LLC now owns 585 shares of the restaurant operator's stock valued at $29,000 after buying an additional 371 shares during the last quarter. Finally, North Capital Inc. bought a new position in Chipotle Mexican Grill in the 1st quarter valued at $30,000. 91.30% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on CMG. Stifel Nicolaus cut their price target on Chipotle Mexican Grill from $65.00 to $60.00 and set a "buy" rating on the stock in a research note on Tuesday. Piper Sandler raised Chipotle Mexican Grill from a "neutral" rating to an "overweight" rating and cut their price target for the company from $53.00 to $50.00 in a research note on Tuesday, August 12th. Raymond James Financial cut their price target on 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. Citigroup cut their price target on Chipotle Mexican Grill from $68.00 to $62.00 and set a "buy" rating on the stock in a research note on Thursday, July 24th. Finally, BTIG Research reissued a "buy" rating and issued a $57.00 price target on shares of Chipotle Mexican Grill in a research note on Friday, September 5th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating and eight have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $59.76.

Chipotle Mexican Grill Price Performance

Shares of Chipotle Mexican Grill stock 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 business has a 50-day moving average of $45.54 and a two-hundred day moving average of $49.13. The company has a market capitalization of $51.83 billion, a P/E ratio of 34.51, a price-to-earnings-growth ratio of 1.98 and a beta of 1.02.

Chipotle Mexican Grill (NYSE:CMG - Get Free Report) last announced its quarterly earnings results on Wednesday, July 23rd. The restaurant operator reported $0.33 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.32 by $0.01. Chipotle Mexican Grill had a return on equity of 43.50% and a net margin of 13.32%.The company had revenue of $3.06 billion during the quarter, compared to the consensus estimate of $3.11 billion. During the same period in the prior year, the company 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, equities analysts anticipate that Chipotle Mexican Grill, Inc. will post 1.29 EPS for the current fiscal year.

About Chipotle Mexican Grill

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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