Laffer Tengler Investments Inc. Increases Stock Holdings in Chipotle Mexican Grill, Inc. $CMG

Key Points

• Laffer Tengler Investments Inc. increased its stake in Chipotle Mexican Grill by 17.2% in Q1, acquiring an additional 16,708 shares, bringing its total holdings to 114,097 shares valued at approximately $5.7 million.
• Chipotle's latest earnings report showed a profit of $0.33 per share, slightly above estimates, with revenues of $3.06 billion, which was below expectations but represented a 3% year-over-year increase.
• Wall Street analysts are cautiously optimistic, with a consensus rating of "Moderate Buy" and an average target price of $60.22, despite some mixed revisions in target prices from various firms.

Laffer Tengler Investments Inc. increased its position in Chipotle Mexican Grill, Inc. (NYSE:CMG - Free Report) by 17.2% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 114,097 shares of the restaurant operator's stock after acquiring an additional 16,708 shares during the quarter. Laffer Tengler Investments Inc.'s holdings in Chipotle Mexican Grill were worth $5,729,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Revolve Wealth Partners LLC increased its stake in shares of Chipotle Mexican Grill by 4.7% during the fourth quarter. Revolve Wealth Partners LLC now owns 4,804 shares of the restaurant operator's stock valued at $290,000 after purchasing an additional 214 shares in the last quarter. Csenge Advisory Group grew its stake in shares of Chipotle Mexican Grill by 5.0% in the 1st quarter. Csenge Advisory Group now owns 4,603 shares of the restaurant operator's stock worth $222,000 after buying an additional 220 shares during the last quarter. Money Concepts Capital Corp grew its stake in shares of Chipotle Mexican Grill by 3.0% in 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. Northwest Bank & Trust Co increased its position in Chipotle Mexican Grill by 0.5% during the 4th quarter. Northwest Bank & Trust Co now owns 45,324 shares of the restaurant operator's stock valued at $2,788,000 after buying an additional 236 shares in the last quarter. Finally, Covestor Ltd raised its stake in Chipotle Mexican Grill by 5.3% during the first quarter. Covestor Ltd now owns 4,782 shares of the restaurant operator's stock valued at $240,000 after buying an additional 242 shares during the last quarter. Institutional investors own 91.30% of the company's stock.

Chipotle Mexican Grill Trading Down 0.3%

NYSE:CMG opened at $42.9230 on Friday. The stock has a 50-day moving average price of $49.73 and a 200 day moving average price of $50.73. The stock has a market capitalization of $57.56 billion, a P/E ratio of 38.32, a P/E/G ratio of 2.19 and a beta of 1.05. Chipotle Mexican Grill, Inc. has a 12-month low of $41.18 and a 12-month high of $66.74.

Chipotle Mexican Grill (NYSE:CMG - Get Free Report) last posted its quarterly earnings results on Wednesday, July 23rd. The restaurant operator reported $0.33 earnings per share 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 business 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 posted $0.34 EPS. The firm's revenue for the quarter was up 3.0% compared to the same quarter last year. On average, research analysts predict that Chipotle Mexican Grill, Inc. will post 1.29 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on the company. TD Cowen cut their target price on Chipotle Mexican Grill from $61.00 to $58.00 and set a "buy" rating on the stock in a research note on Wednesday, July 23rd. UBS Group boosted their price objective on shares of Chipotle Mexican Grill from $60.00 to $65.00 and gave the stock a "buy" rating in a report on Thursday, July 17th. Argus cut Chipotle Mexican Grill from a "buy" rating to a "hold" rating in a report on Monday, April 28th. Barclays lowered their target price on Chipotle Mexican Grill from $55.00 to $53.00 and set an "equal weight" rating on the stock in a research report on Thursday, July 24th. Finally, Royal Bank Of Canada decreased their price objective on Chipotle Mexican Grill from $65.00 to $60.00 and set an "outperform" rating on the stock in a research note on Thursday, April 24th. One analyst has rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and eight have given a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $60.22.

Insiders Place Their Bets

In other Chipotle Mexican Grill news, insider Roger E. Theodoredis sold 113,875 shares of Chipotle Mexican Grill stock in a transaction on Monday, June 2nd. The shares were sold at an average price of $49.70, for a total value of $5,659,587.50. Following the sale, the insider directly owned 109,815 shares in the company, valued at approximately $5,457,805.50. The trade was a 50.91% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 0.81% of the company's stock.

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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