Northwestern Mutual Wealth Management Co. Makes New $7.51 Million Investment in Chipotle Mexican Grill, Inc. $CMG

Key Points

• Northwestern Mutual Wealth Management initiated a roughly $7.51 million position in Chipotle by purchasing 220,915 shares during the second quarter. Institutional investors collectively own 91.3% of CMG’s outstanding stock.
• Analysts maintain a generally positive outlook, with 24 Buy ratings and nine Holds; Chipotle has a “Moderate Buy” consensus rating and an average price target of $44.16.
• Chipotle’s latest quarterly results slightly exceeded expectations, reporting $0.33 in earnings per share and $3.35 billion in revenue, up 9.3% year over year.

Northwestern Mutual Wealth Management Co. bought a new position in Chipotle Mexican Grill, Inc. (NYSE:CMG - Free Report) during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 220,915 shares of the restaurant operator's stock, valued at approximately $7,511,000.

Other institutional investors have also made changes to their positions in the company. Revolve Wealth Partners LLC lifted its position in shares of 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 acquiring an additional 214 shares in the last quarter. Bison Wealth LLC acquired a new position in Chipotle Mexican Grill in the 4th quarter worth approximately $224,000. Empowered Funds LLC grew its position in Chipotle Mexican Grill by 5.5% during the 1st quarter. Empowered Funds LLC now owns 26,460 shares of the restaurant operator's stock worth $1,329,000 after purchasing an additional 1,368 shares in the last quarter. Osterweis Capital Management Inc. grew its position in Chipotle Mexican Grill by 7,176.0% during the 2nd quarter. Osterweis Capital Management Inc. now owns 1,819 shares of the restaurant operator's stock worth $102,000 after purchasing an additional 1,794 shares in the last quarter. Finally, Ieq Capital LLC raised its stake in Chipotle Mexican Grill by 88.8% during the 2nd quarter. Ieq Capital LLC now owns 274,375 shares of the restaurant operator's stock valued at $15,406,000 after purchasing an additional 129,066 shares during the period. 91.30% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on CMG shares. TD Cowen restated a "buy" rating and issued a $44.00 target price on shares of Chipotle Mexican Grill in a report on Thursday, July 30th. Citigroup lowered their price target on Chipotle Mexican Grill from $46.00 to $45.00 and set a "buy" rating on the stock in a report on Monday, July 13th. Piper Sandler dropped their price target on Chipotle Mexican Grill from $42.00 to $39.00 and set an "overweight" rating on the stock in a research report on Thursday, July 30th. Barclays decreased their price objective on Chipotle Mexican Grill from $40.00 to $38.00 and set an "equal weight" rating for the company in a research report on Thursday, April 30th. Finally, BNP Paribas Exane lifted their target price on Chipotle Mexican Grill from $37.00 to $39.00 and gave the company a "neutral" rating in a research note on Thursday, April 30th. Twenty-four equities research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $44.16.

Chipotle Mexican Grill Price Performance

Shares of NYSE CMG opened at $36.84 on Monday. Chipotle Mexican Grill, Inc. has a one year low of $28.03 and a one year high of $43.72. The business's 50-day moving average price is $33.80 and its two-hundred day moving average price is $33.96. The company has a market capitalization of $46.62 billion, a P/E ratio of 33.80, a price-to-earnings-growth ratio of 2.35 and a beta of 0.94.

Chipotle Mexican Grill (NYSE:CMG - Get Free Report) last posted its quarterly earnings results on Wednesday, July 29th. The restaurant operator reported $0.33 earnings per share for the quarter, topping analysts' consensus estimates of $0.32 by $0.01. The company had revenue of $3.35 billion during the quarter, compared to the consensus estimate of $3.33 billion. Chipotle Mexican Grill had a return on equity of 54.65% and a net margin of 11.43%.The business's quarterly revenue was up 9.3% on a year-over-year basis. During the same period last year, the business earned $0.33 EPS. On average, equities analysts anticipate that Chipotle Mexican Grill, Inc. will post 1.14 EPS for the current year.

Chipotle Mexican Grill Profile

Chipotle Mexican Grill is a fast-casual restaurant company known for its Mexican-inspired menu of burritos, bowls, tacos and salads. Founded in 1993 by Steve Ells, the chain emphasizes fresh, customizable meals made from a limited menu of core ingredients and a focus on ingredient quality. Chipotle operates primarily company-owned restaurants and offers dine-in, takeout, catering and delivery through its own digital platforms and third-party partners.

The company is headquartered in Newport Beach, California, and traces its roots to Denver, Colorado.

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