OFI Invest Asset Management Raises Position in Chipotle Mexican Grill, Inc. $CMG

Key Points

• OFI Invest Asset Management increased its stake in Chipotle Mexican Grill by 3.3% in Q2, holding 637,711 shares valued at approximately $35.8 million.
• Despite a modest increase in revenue, Chipotle reported a quarterly EPS of $0.33, slightly surpassing analyst expectations, while its stock price remains down 2.5% recently.
• Analysts have mixed ratings on Chipotle, with an average price target of $58.93; Rothschild Redb upgraded the stock to "strong-buy" while others adjusted their price targets downward.

OFI Invest Asset Management lifted its stake in Chipotle Mexican Grill, Inc. (NYSE:CMG - Free Report) by 3.3% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 637,711 shares of the restaurant operator's stock after buying an additional 20,402 shares during the period. OFI Invest Asset Management's holdings in Chipotle Mexican Grill were worth $35,807,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of the stock. Vanguard Group Inc. boosted its position in shares of Chipotle Mexican Grill by 1.3% in the first quarter. Vanguard Group Inc. now owns 122,463,327 shares of the restaurant operator's stock worth $6,148,884,000 after buying an additional 1,597,287 shares during the period. Price T Rowe Associates Inc. MD boosted its position in shares of Chipotle Mexican Grill by 7.6% in the first quarter. Price T Rowe Associates Inc. MD now owns 56,827,332 shares of the restaurant operator's stock worth $2,853,302,000 after buying an additional 4,027,016 shares during the period. Alliancebernstein L.P. boosted its position in shares of Chipotle Mexican Grill by 8.0% in the first quarter. Alliancebernstein L.P. now owns 32,505,318 shares of the restaurant operator's stock worth $1,632,092,000 after buying an additional 2,404,798 shares during the period. American Century Companies Inc. boosted its holdings in Chipotle Mexican Grill by 2.1% in the first quarter. American Century Companies Inc. now owns 20,662,628 shares of the restaurant operator's stock valued at $1,037,471,000 after purchasing an additional 425,648 shares during the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in Chipotle Mexican Grill by 8.1% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 11,111,416 shares of the restaurant operator's stock valued at $557,904,000 after purchasing an additional 833,760 shares during the last quarter. Hedge funds and other institutional investors own 91.30% of the company's stock.

Chipotle Mexican Grill Stock Down 2.5%

NYSE:CMG opened at $39.86 on Friday. The business's 50 day moving average is $41.18 and its two-hundred day moving average is $47.63. Chipotle Mexican Grill, Inc. has a 52 week low of $38.30 and a 52 week high of $66.74. The company has a market cap of $53.45 billion, a PE ratio of 35.59, a P/E/G ratio of 2.03 and a beta of 0.99.

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 for the quarter, topping analysts' consensus estimates of $0.32 by $0.01. The business had revenue of $3.06 billion for the quarter, compared to analysts' expectations of $3.11 billion. Chipotle Mexican Grill had a return on equity of 43.50% and a net margin of 13.32%.The business's quarterly revenue was up 3.0% on a year-over-year basis. During the same period in the prior year, the firm earned $0.34 EPS. As a group, sell-side analysts expect that Chipotle Mexican Grill, Inc. will post 1.29 EPS for the current fiscal year.

Analysts Set New Price Targets

CMG has been the subject of a number of analyst reports. Rothschild Redb raised Chipotle Mexican Grill from a "hold" rating to a "strong-buy" rating in a report on Wednesday, September 3rd. TD Cowen reissued a "buy" rating and issued a $58.00 price target on shares of Chipotle Mexican Grill in a report on Friday, September 19th. Evercore ISI reduced their price target on Chipotle Mexican Grill from $57.00 to $53.00 and set an "outperform" rating for the company in a report on Tuesday, October 7th. Guggenheim reduced their price target on Chipotle Mexican Grill from $47.00 to $46.00 and set a "neutral" rating for the company in a report on Friday, July 25th. Finally, KeyCorp reduced their price target on Chipotle Mexican Grill from $60.00 to $58.00 and set an "overweight" rating for the company in a report on Thursday, July 24th. Two research analysts have rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating and nine have assigned a Hold rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $58.93.

About Chipotle Mexican Grill

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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