Signature Estate & Investment Advisors LLC Buys New Shares in Chipotle Mexican Grill, Inc. $CMG

Key Points

• Signature Estate & Investment Advisors LLC has acquired a new stake in Chipotle Mexican Grill, purchasing 231,957 shares valued at approximately $13.02 million in the second quarter.
• Chipotle's stock is currently trading at around $41.93, with a market capitalization of $56.22 billion and a P/E ratio of 37.43.
• Recent earnings showed a slight beat against expectations, with a reported $0.33 earnings per share for the last quarter, surpassing the consensus estimate of $0.32.

Signature Estate & Investment Advisors LLC bought a new stake in Chipotle Mexican Grill, Inc. (NYSE:CMG - Free Report) in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 231,957 shares of the restaurant operator's stock, valued at approximately $13,024,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Charles Schwab Investment Management Inc. boosted its holdings in Chipotle Mexican Grill by 5.8% in the first quarter. Charles Schwab Investment Management Inc. now owns 8,979,637 shares of the restaurant operator's stock valued at $450,868,000 after purchasing an additional 491,002 shares during the period. Corient IA LLC purchased a new position in Chipotle Mexican Grill in the first quarter valued at $753,000. Advisors Asset Management Inc. boosted its holdings in Chipotle Mexican Grill by 32.4% in the first quarter. Advisors Asset Management Inc. now owns 75,368 shares of the restaurant operator's stock valued at $3,784,000 after purchasing an additional 18,458 shares during the period. Hilltop National Bank purchased a new position in Chipotle Mexican Grill in the second quarter valued at $2,579,000. Finally, Banco Santander S.A. boosted its holdings in Chipotle Mexican Grill by 47.6% in the first quarter. Banco Santander S.A. now owns 31,764 shares of the restaurant operator's stock valued at $1,595,000 after purchasing an additional 10,246 shares during the period. 91.30% of the stock is currently owned by hedge funds and other institutional investors.

Chipotle Mexican Grill Stock Performance

Chipotle Mexican Grill stock opened at $41.93 on Friday. Chipotle Mexican Grill, Inc. has a fifty-two week low of $38.30 and a fifty-two week high of $66.74. The company has a market capitalization of $56.22 billion, a P/E ratio of 37.43, a PEG ratio of 2.53 and a beta of 0.99. The stock has a 50-day simple moving average of $41.11 and a 200-day simple moving average of $47.31.

Chipotle Mexican Grill (NYSE:CMG - Get Free Report) last posted its 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 return on equity of 43.50% and a net margin of 13.32%.The business had revenue of $3.06 billion during the quarter, compared to the consensus estimate of $3.11 billion. During the same period in the previous year, the business earned $0.34 EPS. The business's quarterly revenue was up 3.0% on a year-over-year basis. As a group, analysts forecast that Chipotle Mexican Grill, Inc. will post 1.29 earnings per share for the current year.

Wall Street Analyst Weigh In

CMG has been the subject of a number of recent research reports. Guggenheim decreased their target price 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. UBS Group lifted their price target on Chipotle Mexican Grill from $60.00 to $65.00 and gave the stock a "buy" rating in a report on Thursday, July 17th. Raymond James Financial reaffirmed an "outperform" rating and set a $52.00 price target (down from $56.00) on shares of Chipotle Mexican Grill in a report on Thursday. Stephens reaffirmed an "equal weight" rating and set a $60.00 price target on shares of Chipotle Mexican Grill in a report on Monday, September 29th. Finally, Truist Financial decreased their price target on Chipotle Mexican Grill from $60.00 to $53.00 and set a "buy" rating for the company in a report on Tuesday, October 14th. Two analysts have rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating and nine have given a Hold rating to the company. According to MarketBeat.com, Chipotle Mexican Grill presently has an average rating of "Moderate Buy" and a consensus price target of $57.55.

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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