Simplicity Wealth LLC Acquires Shares of 7,492 Chipotle Mexican Grill, Inc. $CMG

Key Points

• Simplicity Wealth LLC acquired 7,492 shares of Chipotle Mexican Grill, Inc. worth approximately $421,000, indicating growing institutional investment interest in the company.
• Analysts show a mixed outlook for Chipotle’s stock, with target prices varying from $53.00 to $65.00 and ratings ranging from "buy" to "hold," reflecting uncertainty in the stock's near-term performance.
• In its most recent earnings report, Chipotle announced an EPS of $0.33, which beat estimates but fell short of revenue expectations, with a year-over-year revenue increase of 3.0%.

Simplicity Wealth LLC acquired a new stake in Chipotle Mexican Grill, Inc. (NYSE:CMG - Free Report) during the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor acquired 7,492 shares of the restaurant operator's stock, valued at approximately $421,000.

Several other large investors have also recently added to or reduced their stakes in the stock. Vanguard Group Inc. increased its stake in Chipotle Mexican Grill by 1.3% in the 1st quarter. Vanguard Group Inc. now owns 122,463,327 shares of the restaurant operator's stock valued at $6,148,884,000 after buying an additional 1,597,287 shares during the period. Price T Rowe Associates Inc. MD increased its stake in Chipotle Mexican Grill by 7.6% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 56,827,332 shares of the restaurant operator's stock valued at $2,853,302,000 after buying an additional 4,027,016 shares during the period. Alliancebernstein L.P. grew its position in 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 acquiring an additional 2,404,798 shares in the last quarter. American Century Companies Inc. grew its position 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 worth $1,037,471,000 after acquiring an additional 425,648 shares in the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position 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 worth $557,904,000 after acquiring an additional 833,760 shares in the last quarter. Institutional investors and hedge funds own 91.30% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts have commented on the stock. Stifel Nicolaus decreased their target price on shares of Chipotle Mexican Grill from $65.00 to $60.00 and set a "buy" rating for the company in a research report on Tuesday, September 9th. BTIG Research reissued a "buy" rating and issued a $57.00 target price on shares of Chipotle Mexican Grill in a research report on Friday, September 5th. Weiss Ratings reissued a "hold (c)" rating on shares of Chipotle Mexican Grill in a research report on Wednesday. Robert W. Baird decreased their target price 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, Evercore ISI decreased their target price on shares of Chipotle Mexican Grill from $57.00 to $53.00 and set an "outperform" rating for the company in a research report on Tuesday. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-one have given a Buy rating and nine have given a Hold rating to the company's stock. Based on data from MarketBeat.com, Chipotle Mexican Grill has a consensus rating of "Moderate Buy" and an average target price of $59.28.

Chipotle Mexican Grill Stock Performance

Shares of CMG stock opened at $41.00 on Thursday. Chipotle Mexican Grill, Inc. has a 52-week low of $38.30 and a 52-week high of $66.74. The stock has a market cap of $54.98 billion, a price-to-earnings ratio of 36.61, a P/E/G ratio of 2.09 and a beta of 0.99. The firm has a fifty day moving average of $41.28 and a 200-day moving average of $47.78.

Chipotle Mexican Grill (NYSE:CMG - Get Free Report) last announced its quarterly earnings data on Wednesday, July 23rd. The restaurant operator reported $0.33 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 posted $0.34 EPS. The business's revenue was up 3.0% on a year-over-year basis. On average, sell-side analysts predict that Chipotle Mexican Grill, Inc. will post 1.29 earnings per share for the current year.

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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