Johnson Investment Counsel Inc. Has $751,000 Stock Position in Chipotle Mexican Grill, Inc. $CMG

Key Points

• Johnson Investment Counsel Inc. increased its stake in Chipotle Mexican Grill by 84.3%, bringing its total holdings to approximately $751,000 after acquiring additional shares in the second quarter.
• Institutional ownership of Chipotle Mexican Grill is currently at 91.30%, with several significant stakeholders including Nuveen LLC and Goldman Sachs Group Inc. making notable transactions recently.
• Chipotle reported earnings per share of $0.33 for the last quarter, surpassing analysts' expectations, although its revenue of $3.06 billion fell short of consensus estimates.

Johnson Investment Counsel Inc. lifted its stake in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG - Free Report) by 84.3% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 13,378 shares of the restaurant operator's stock after purchasing an additional 6,120 shares during the quarter. Johnson Investment Counsel Inc.'s holdings in Chipotle Mexican Grill were worth $751,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of CMG. Nuveen LLC bought a new stake in shares of Chipotle Mexican Grill during the 1st quarter worth $535,023,000. Goldman Sachs Group Inc. lifted its position in shares of Chipotle Mexican Grill by 98.1% during the 1st quarter. Goldman Sachs Group Inc. now owns 9,900,521 shares of the restaurant operator's stock worth $497,105,000 after buying an additional 4,903,969 shares during the last quarter. Montrusco Bolton Investments Inc. lifted its position in shares of Chipotle Mexican Grill by 5,319.7% during the 1st quarter. Montrusco Bolton Investments Inc. now owns 4,848,990 shares of the restaurant operator's stock worth $235,580,000 after buying an additional 4,759,520 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its position in shares of Chipotle Mexican Grill by 7.6% during 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 buying an additional 4,027,016 shares during the last quarter. Finally, Manning & Napier Advisors LLC bought a new stake in shares of Chipotle Mexican Grill during the 1st quarter worth $127,892,000. 91.30% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

CMG has been the subject of several recent analyst reports. Barclays dropped their price objective on Chipotle Mexican Grill from $55.00 to $53.00 and set an "equal weight" rating for the company in a research report on Thursday, July 24th. KeyCorp dropped their target price on Chipotle Mexican Grill from $60.00 to $58.00 and set an "overweight" rating for the company in a research report on Thursday, July 24th. Raymond James Financial dropped their target price on Chipotle Mexican Grill from $60.00 to $56.00 and set an "outperform" rating for the company in a research report on Friday, August 15th. Piper Sandler upgraded Chipotle Mexican Grill from a "neutral" rating to an "overweight" rating and dropped their target price for the company from $53.00 to $50.00 in a research report on Tuesday, August 12th. Finally, BTIG Research reiterated a "buy" rating and issued a $57.00 target price on shares of Chipotle Mexican Grill in a research report on Friday, September 5th. Two research analysts have rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating and nine have assigned a Hold rating to the company. According to MarketBeat.com, Chipotle Mexican Grill has a consensus rating of "Moderate Buy" and an average price target of $58.07.

Chipotle Mexican Grill Price Performance

Shares of CMG opened at $42.08 on Wednesday. Chipotle Mexican Grill, Inc. has a 1 year low of $38.30 and a 1 year high of $66.74. The company has a market capitalization of $56.42 billion, a price-to-earnings ratio of 37.57, a price-to-earnings-growth ratio of 2.46 and a beta of 0.99. The business has a 50-day moving average of $41.14 and a 200-day moving average of $47.51.

Chipotle Mexican Grill (NYSE:CMG - Get Free Report) last issued its quarterly earnings data on Wednesday, July 23rd. The restaurant operator reported $0.33 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 last year, the company earned $0.34 earnings per share. The firm's revenue was up 3.0% compared to the same quarter last year. As a group, sell-side analysts anticipate that Chipotle Mexican Grill, Inc. will post 1.29 EPS for the current 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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