Ransom Advisory Ltd Purchases Shares of 6,550 Chipotle Mexican Grill, Inc. $CMG

Key Points

• Ransom Advisory Ltd acquired 6,550 shares of Chipotle Mexican Grill, valued at approximately $329,000, during the first quarter of this year.
• Multiple institutional investors made stakes in Chipotle, with 91.30% of the stock currently owned by such entities, indicating strong institutional interest.
• Wall Street analysts maintain a consensus rating of "Moderate Buy" for Chipotle, with an average price target of $59.76.

Ransom Advisory Ltd purchased a new stake in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG - Free Report) in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 6,550 shares of the restaurant operator's stock, valued at approximately $329,000.

Other large investors have also made changes to their positions in the company. Cloud Capital Management LLC bought a new stake in shares of Chipotle Mexican Grill during the 1st quarter valued at about $25,000. Saudi Central Bank bought a new stake in shares of Chipotle Mexican Grill during the 1st quarter valued at about $27,000. HighMark Wealth Management LLC grew its stake in shares of Chipotle Mexican Grill by 173.4% during the 1st quarter. HighMark Wealth Management LLC now owns 585 shares of the restaurant operator's stock valued at $29,000 after purchasing an additional 371 shares during the period. North Capital Inc. purchased a new position in shares of Chipotle Mexican Grill during the 1st quarter valued at about $30,000. Finally, ORG Wealth Partners LLC purchased a new position in shares of Chipotle Mexican Grill during the 1st quarter valued at about $31,000. 91.30% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on CMG. TD Securities reaffirmed a "buy" rating and set a $57.00 price objective on shares of Chipotle Mexican Grill in a research report on Wednesday, June 18th. Truist Financial lowered their price objective on Chipotle Mexican Grill from $64.00 to $60.00 and set a "buy" rating on the stock in a research report on Friday, July 25th. JPMorgan Chase & Co. lowered their price objective on Chipotle Mexican Grill from $58.00 to $54.00 and set a "neutral" rating on the stock in a research report on Thursday, May 29th. Stephens reissued an "equal weight" rating and issued a $60.00 price target on shares of Chipotle Mexican Grill in a report on Thursday, July 24th. Finally, Guggenheim lowered their price target on Chipotle Mexican Grill from $47.00 to $46.00 and set a "neutral" rating on the stock in a report on Friday, July 25th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating and eight have assigned a Hold rating to the company. According to data from MarketBeat.com, Chipotle Mexican Grill presently has a consensus rating of "Moderate Buy" and an average target price of $59.76.

Chipotle Mexican Grill Price Performance

Shares of CMG opened at $39.47 on Wednesday. The stock has a market capitalization of $52.92 billion, a price-to-earnings ratio of 35.24, a price-to-earnings-growth ratio of 2.02 and a beta of 1.02. Chipotle Mexican Grill, Inc. has a 1 year low of $39.23 and a 1 year high of $66.74. The business's 50 day simple moving average is $46.64 and its 200-day simple moving average is $49.39.

Chipotle Mexican Grill (NYSE:CMG - Get Free Report) last issued its quarterly earnings data on Wednesday, July 23rd. The restaurant operator reported $0.33 earnings per share (EPS) for the quarter, topping the consensus estimate 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 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 earned $0.34 EPS. On average, sell-side analysts expect that Chipotle Mexican Grill, Inc. will post 1.29 earnings per share for the current 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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