KMG Fiduciary Partners LLC Has $7.76 Million Stock Holdings in Chipotle Mexican Grill, Inc. $CMG

Key Points

• KMG Fiduciary Partners LLC significantly increased its holdings in Chipotle Mexican Grill by 84.9% during the second quarter, resulting in a total worth of $7.76 million.
• A series of hedge funds have also adjusted their positions in Chipotle, with 91.30% of the stock now owned by institutional investors and hedge funds.
• Chipotle recently reported a quarterly earnings per share of $0.33, beating expectations, though its revenue of $3.06 billion was slightly below analyst predictions.

KMG Fiduciary Partners LLC boosted its holdings in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG - Free Report) by 84.9% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 138,267 shares of the restaurant operator's stock after acquiring an additional 63,470 shares during the quarter. KMG Fiduciary Partners LLC's holdings in Chipotle Mexican Grill were worth $7,764,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the company. E. Ohman J or Asset Management AB increased its stake in Chipotle Mexican Grill by 0.3% in the 2nd quarter. E. Ohman J or Asset Management AB now owns 59,234 shares of the restaurant operator's stock worth $3,326,000 after acquiring an additional 194 shares during the last quarter. Revolve Wealth Partners LLC grew its position in shares of Chipotle Mexican Grill by 4.7% during the 4th quarter. Revolve Wealth Partners LLC now owns 4,804 shares of the restaurant operator's stock worth $290,000 after buying an additional 214 shares in the last quarter. Csenge Advisory Group boosted its stake in Chipotle Mexican Grill by 5.0% in the first quarter. Csenge Advisory Group now owns 4,603 shares of the restaurant operator's stock valued at $222,000 after acquiring an additional 220 shares in the last quarter. Money Concepts Capital Corp raised its position in Chipotle Mexican Grill by 3.0% during the 1st quarter. Money Concepts Capital Corp now owns 7,491 shares of the restaurant operator's stock worth $376,000 after buying an additional 221 shares during the last quarter. Finally, Northwest Bank & Trust Co raised its holdings in Chipotle Mexican Grill by 0.5% in the 4th quarter. Northwest Bank & Trust Co now owns 45,324 shares of the restaurant operator's stock worth $2,788,000 after purchasing an additional 236 shares during the period. Institutional investors own 91.30% of the company's stock.

Chipotle Mexican Grill Stock Performance

CMG traded up $0.36 on Monday, hitting $39.68. The company had a trading volume of 10,547,272 shares, compared to its average volume of 14,878,850. Chipotle Mexican Grill, Inc. has a 12-month low of $38.30 and a 12-month high of $66.74. The stock has a market capitalization of $53.21 billion, a price-to-earnings ratio of 35.46, a P/E/G ratio of 2.00 and a beta of 1.02. The stock has a fifty day moving average price of $43.88 and a 200-day moving average price of $48.59.

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

Analyst Ratings Changes

Several analysts have recently issued reports on CMG shares. TD Securities reiterated a "buy" rating and issued a $57.00 price objective on shares of Chipotle Mexican Grill in a research note on Wednesday, June 18th. Piper Sandler raised Chipotle Mexican Grill from a "neutral" rating to an "overweight" rating and lowered their price target for the company from $53.00 to $50.00 in a research report on Tuesday, August 12th. BTIG Research restated a "buy" rating and set a $57.00 price objective on shares of Chipotle Mexican Grill in a research note on Friday, September 5th. TD Cowen restated a "buy" rating and set a $58.00 price objective on shares of Chipotle Mexican Grill in a research note on Friday. Finally, Citigroup dropped their target price on shares of Chipotle Mexican Grill from $68.00 to $62.00 and set a "buy" rating on the stock in a research report on Thursday, July 24th. Two research analysts have rated the stock with a Strong Buy rating, twenty-one have given a Buy rating and eight have given a Hold rating to the company's stock. According to data from MarketBeat.com, Chipotle Mexican Grill currently has a consensus rating of "Moderate Buy" and a consensus price target of $59.76.

Chipotle Mexican Grill 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.