Leibman Financial Services Inc. Invests $2.41 Million in Chipotle Mexican Grill, Inc. $CMG

Key Points

• Leibman Financial Services Inc. acquired a new position with 42,963 shares of Chipotle Mexican Grill, valued at approximately $2.4 million, marking it as the firm's 28th largest holding.
• Several institutional investors, including Vanguard Group and Price T Rowe Associates, have also increased their stakes in Chipotle, which is currently held 91.30% by such investors.
• Chipotle reported a quarterly EPS of $0.33, exceeding analyst expectations, while projecting a 1.29 EPS for the current fiscal year.

Leibman Financial Services Inc. bought a new stake in Chipotle Mexican Grill, Inc. (NYSE:CMG - Free Report) during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund bought 42,963 shares of the restaurant operator's stock, valued at approximately $2,412,000. Chipotle Mexican Grill accounts for 1.9% of Leibman Financial Services Inc.'s investment portfolio, making the stock its 28th biggest position.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Cloud Capital Management LLC purchased a new stake in shares of Chipotle Mexican Grill in the 1st quarter valued at $25,000. Saudi Central Bank purchased a new stake in shares of Chipotle Mexican Grill in the 1st quarter valued at $27,000. 1248 Management LLC purchased a new stake in shares of Chipotle Mexican Grill in the 1st quarter valued at $27,000. HighMark Wealth Management LLC raised its holdings in shares of 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 period. Finally, North Capital Inc. purchased a new stake in shares of Chipotle Mexican Grill in the 1st quarter valued at $30,000. Hedge funds and other institutional investors own 91.30% of the company's stock.

Analysts Set New Price Targets

Several research firms recently issued reports on CMG. Barclays cut their price objective on Chipotle Mexican Grill from $55.00 to $53.00 and set an "equal weight" rating on the stock in a report on Thursday, July 24th. JPMorgan Chase & Co. cut their price target on Chipotle Mexican Grill from $58.00 to $54.00 and set a "neutral" rating on the stock in a report on Thursday, May 29th. Melius began coverage on Chipotle Mexican Grill in a report on Monday, July 14th. They set a "hold" rating and a $60.00 price target on the stock. 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 report on Tuesday, September 9th. Finally, BMO Capital Markets upgraded Chipotle Mexican Grill from a "market perform" rating to an "outperform" rating and upped their price target for the stock from $56.00 to $65.00 in a report on Friday, July 18th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-one have given a Buy rating and eight have issued a Hold rating to the company's stock. According to data from MarketBeat, Chipotle Mexican Grill currently has an average rating of "Moderate Buy" and an average target price of $59.76.

Chipotle Mexican Grill Stock Down 1.3%

Shares of CMG stock traded down $0.51 during mid-day trading on Friday, hitting $39.30. 36,393,078 shares of the company's stock were exchanged, compared to its average volume of 18,575,692. Chipotle Mexican Grill, Inc. has a fifty-two week low of $38.30 and a fifty-two week high of $66.74. The stock has a 50-day simple moving average of $43.88 and a two-hundred day simple moving average of $48.61. The stock has a market cap of $52.70 billion, a price-to-earnings ratio of 35.09, a PEG ratio of 2.00 and a beta of 1.02.

Chipotle Mexican Grill (NYSE:CMG - Get Free Report) last issued its earnings results on Wednesday, July 23rd. The restaurant operator reported $0.33 earnings per share for the quarter, beating 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 firm had revenue of $3.06 billion for the quarter, compared to analysts' expectations of $3.11 billion. During the same quarter last year, the firm earned $0.34 earnings per share. The firm's revenue for the quarter was up 3.0% compared to the same quarter last year. As a group, analysts anticipate 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.