Moody Lynn & Lieberson LLC Buys 18,364 Shares of Chipotle Mexican Grill, Inc. $CMG

Key Points

• Moody Lynn & Lieberson LLC increased its stake in Chipotle Mexican Grill by 60.3%, acquiring an additional 18,364 shares to hold a total of 48,810 shares worth $2,741,000.
• A significant majority, about 91.30%, of Chipotle's stock is owned by institutional investors, reflecting strong institutional interest in the company.
• Analysts have mixed ratings for Chipotle, with two rating it as Strong Buy and a consensus target price of $59.76, indicating potential for growth.

Moody Lynn & Lieberson LLC lifted its position in Chipotle Mexican Grill, Inc. (NYSE:CMG - Free Report) by 60.3% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 48,810 shares of the restaurant operator's stock after acquiring an additional 18,364 shares during the quarter. Moody Lynn & Lieberson LLC's holdings in Chipotle Mexican Grill were worth $2,741,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in the company. Revolve Wealth Partners LLC increased its stake in Chipotle Mexican Grill by 4.7% in the 4th quarter. Revolve Wealth Partners LLC now owns 4,804 shares of the restaurant operator's stock valued at $290,000 after buying an additional 214 shares during the last quarter. Bison Wealth LLC bought a new stake in Chipotle Mexican Grill during the fourth quarter worth $224,000. GAMMA Investing LLC boosted its position in Chipotle Mexican Grill by 4,099.4% in the first quarter. GAMMA Investing LLC now owns 1,211,818 shares of the restaurant operator's stock worth $60,845,000 after purchasing an additional 1,182,961 shares during the last quarter. Parallel Advisors LLC grew its stake in Chipotle Mexican Grill by 15.2% in the 1st quarter. Parallel Advisors LLC now owns 26,768 shares of the restaurant operator's stock valued at $1,344,000 after purchasing an additional 3,523 shares during the period. Finally, BTC Capital Management Inc. increased its position in shares of Chipotle Mexican Grill by 9.5% during the 1st quarter. BTC Capital Management Inc. now owns 10,914 shares of the restaurant operator's stock valued at $548,000 after purchasing an additional 945 shares during the last quarter. 91.30% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts recently weighed in on the stock. Rothschild Redb raised shares of Chipotle Mexican Grill from a "hold" rating to a "strong-buy" rating in a report on Wednesday, September 3rd. BTIG Research reiterated a "buy" rating and issued a $57.00 target price on shares of Chipotle Mexican Grill in a research note on Friday, September 5th. Melius initiated coverage on shares of Chipotle Mexican Grill in a research report on Monday, July 14th. They set a "hold" rating and a $60.00 target price for the company. Citigroup lowered their price target on shares of Chipotle Mexican Grill from $68.00 to $62.00 and set a "buy" rating on the stock in a report on Thursday, July 24th. Finally, KeyCorp decreased 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. Two investment analysts have rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating and eight have issued a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $59.76.

Chipotle Mexican Grill Stock Up 1.9%

CMG stock opened at $40.06 on Monday. The stock has a 50-day simple moving average of $42.47 and a two-hundred day simple moving average of $48.24. Chipotle Mexican Grill, Inc. has a twelve month low of $38.30 and a twelve month high of $66.74. The firm has a market capitalization of $53.72 billion, a PE ratio of 35.77, a PEG ratio of 2.04 and a beta of 1.02.

Chipotle Mexican Grill (NYSE:CMG - Get Free Report) last announced its quarterly earnings results 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. The firm had revenue of $3.06 billion for the quarter, compared to the consensus estimate of $3.11 billion. Chipotle Mexican Grill had a net margin of 13.32% and a return on equity of 43.50%. The company's revenue for the quarter was up 3.0% on a year-over-year basis. During the same period in the prior year, the firm posted $0.34 earnings per share. On average, equities research analysts anticipate that Chipotle Mexican Grill, Inc. will post 1.29 EPS for the current fiscal year.

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.

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