Shelton Wealth Management LLC Acquires 20,509 Shares of Chipotle Mexican Grill, Inc. $CMG

Key Points

• Shelton Wealth Management LLC increased its position in Chipotle Mexican Grill by 410.2% in the second quarter, acquiring an additional 20,509 shares for a total worth of $1,432,000.
• Research analysts have improved their ratings on Chipotle, with BMO Capital Markets raising the rating from "market perform" to "outperform" and increasing the price target to $65.00.
• Chipotle reported a quarterly earnings per share (EPS) of $0.33, slightly exceeding estimates of $0.32, amidst a revenue of $3.06 billion, showing a 3.0% year-over-year growth.

Shelton Wealth Management LLC boosted its position in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG - Free Report) by 410.2% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 25,509 shares of the restaurant operator's stock after acquiring an additional 20,509 shares during the period. Shelton Wealth Management LLC's holdings in Chipotle Mexican Grill were worth $1,432,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Phillips Wealth Planners LLC lifted its position in Chipotle Mexican Grill by 5.3% in the 2nd quarter. Phillips Wealth Planners LLC now owns 5,679 shares of the restaurant operator's stock valued at $315,000 after purchasing an additional 286 shares during the last quarter. Diversified Trust Co lifted its position in shares of Chipotle Mexican Grill by 2.8% during the 2nd quarter. Diversified Trust Co now owns 10,372 shares of the restaurant operator's stock valued at $582,000 after acquiring an additional 280 shares during the period. IFM Investors Pty Ltd raised its position in shares of Chipotle Mexican Grill by 3.6% in the second quarter. IFM Investors Pty Ltd now owns 261,114 shares of the restaurant operator's stock valued at $14,662,000 after purchasing an additional 8,964 shares during the period. White Wing Wealth Management grew its position in shares of Chipotle Mexican Grill by 10.7% in the 2nd quarter. White Wing Wealth Management now owns 7,734 shares of the restaurant operator's stock worth $434,000 after buying an additional 745 shares during the last quarter. Finally, Oliver Lagore Vanvalin Investment Group bought a new position in shares of Chipotle Mexican Grill during the 2nd quarter valued at $29,000. Institutional investors and hedge funds own 91.30% of the company's stock.

Chipotle Mexican Grill Stock Down 1.3%

Shares of NYSE:CMG traded down $0.51 during trading on Friday, hitting $39.30. 36,393,078 shares of the company traded hands, compared to its average volume of 19,852,148. The business's fifty day moving average is $43.88 and its 200-day moving average is $48.61. Chipotle Mexican Grill, Inc. has a one year low of $38.30 and a one year high of $66.74. The stock has a market capitalization 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 released its quarterly earnings results on Wednesday, July 23rd. The restaurant operator reported $0.33 earnings per share for the quarter, beating the consensus estimate of $0.32 by $0.01. Chipotle Mexican Grill had a net margin of 13.32% and a return on equity of 43.50%. The company had revenue of $3.06 billion during the quarter, compared to analysts' expectations of $3.11 billion. During the same quarter in the prior year, the company earned $0.34 earnings per share. The business's quarterly revenue was up 3.0% compared to the same quarter last year. On average, analysts forecast that Chipotle Mexican Grill, Inc. will post 1.29 EPS for the current year.

Analysts Set New Price Targets

Several research analysts recently weighed in on CMG shares. UBS Group boosted their target price on Chipotle Mexican Grill from $60.00 to $65.00 and gave the stock a "buy" rating in a research note on Thursday, July 17th. Melius initiated coverage on shares of Chipotle Mexican Grill in a research report on Monday, July 14th. They issued a "hold" rating and a $60.00 price objective for the company. TD Securities reaffirmed a "buy" rating and issued a $57.00 price objective on shares of Chipotle Mexican Grill in a research note on Wednesday, June 18th. Robert W. Baird dropped their price target on shares of Chipotle Mexican Grill from $62.00 to $59.00 and set an "outperform" rating for the company in a research report on Thursday, July 24th. Finally, Truist Financial reduced their price objective on Chipotle Mexican Grill from $64.00 to $60.00 and set a "buy" rating for the company in a research report on Friday, July 25th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating and eight have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $59.76.

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.