Janney Montgomery Scott LLC Buys 36,337 Shares of Chipotle Mexican Grill, Inc. $CMG

Key Points

• Janney Montgomery Scott LLC boosted its stake in Chipotle Mexican Grill by 8.1%, owning 485,018 shares valued at approximately $27.23 million after acquiring 36,337 additional shares.
• Institutional investors collectively own about 91.30% of Chipotle's stock, with several firms like Vanguard and Price T Rowe Associates increasing their holdings in recent quarters.
• Analysts have mixed ratings on Chipotle, with an average rating of "Moderate Buy" and an average target price of $59.76, reflecting a range of perspectives on the stock's potential.

Janney Montgomery Scott LLC raised its stake in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG - Free Report) by 8.1% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 485,018 shares of the restaurant operator's stock after acquiring an additional 36,337 shares during the quarter. Janney Montgomery Scott LLC's holdings in Chipotle Mexican Grill were worth $27,234,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Vanguard Group Inc. raised its holdings in shares of Chipotle Mexican Grill by 1.3% in the first quarter. Vanguard Group Inc. now owns 122,463,327 shares of the restaurant operator's stock valued at $6,148,884,000 after buying an additional 1,597,287 shares during the last quarter. Price T Rowe Associates Inc. MD raised its holdings in shares of Chipotle Mexican Grill by 7.6% in 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. raised its holdings in shares of Chipotle Mexican Grill by 8.0% in 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. raised its holdings in shares of Chipotle Mexican Grill by 2.1% in the first quarter. American Century Companies Inc. now owns 20,662,628 shares of the restaurant operator's stock valued at $1,037,471,000 after buying an additional 425,648 shares during the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in shares of Chipotle Mexican Grill by 8.1% in 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 valued at $557,904,000 after buying an additional 833,760 shares during the last quarter. 91.30% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on CMG. TD Cowen reaffirmed a "buy" rating and issued a $58.00 price target on shares of Chipotle Mexican Grill in a report on Friday, September 19th. Rothschild Redb raised Chipotle Mexican Grill from a "hold" rating to a "strong-buy" rating in a report on Wednesday, September 3rd. Stifel Nicolaus cut their price target on Chipotle Mexican Grill from $65.00 to $60.00 and set a "buy" rating for the company in a report on Tuesday, September 9th. Truist Financial cut their price target on Chipotle Mexican Grill from $64.00 to $60.00 and set a "buy" rating for the company in a report on Friday, July 25th. Finally, Guggenheim lowered their price objective on Chipotle Mexican Grill from $47.00 to $46.00 and set a "neutral" rating for the company in a research report on Friday, July 25th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating and eight have issued a Hold rating to the company's stock. According to data from MarketBeat.com, Chipotle Mexican Grill currently has an average rating of "Moderate Buy" and an average target price of $59.76.

Chipotle Mexican Grill Stock Down 0.6%

Shares of CMG stock opened at $38.96 on Thursday. The firm has a market cap of $52.23 billion, a price-to-earnings ratio of 34.78, a PEG ratio of 2.00 and a beta of 0.99. Chipotle Mexican Grill, Inc. has a 12 month low of $38.30 and a 12 month high of $66.74. The stock has a 50-day moving average price of $41.68 and a 200 day moving average price of $48.04.

Chipotle Mexican Grill (NYSE:CMG - Get Free Report) last posted its 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. The company had revenue of $3.06 billion during the quarter, compared to analyst estimates 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% compared to the same quarter last year. During the same period in the previous year, the company earned $0.34 EPS. Sell-side analysts predict 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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