Summit Place Financial Advisors LLC Acquires New Holdings in Chipotle Mexican Grill, Inc. $CMG

Key Points

• Summit Place Financial Advisors LLC acquired 46,208 shares of Chipotle Mexican Grill, Inc. valued at approximately $2.6 million, marking a new investment in the company.
• Chipotle's stock has experienced a 2.5% decline, currently trading at $39.86, with a twelve-month range from $38.30 to $66.74.
• The company reported earnings of $0.33 per share for the last quarter, slightly exceeding analyst expectations, with a revenue of $3.06 billion compared to a forecast of $3.11 billion.

Summit Place Financial Advisors LLC acquired a new stake in Chipotle Mexican Grill, Inc. (NYSE:CMG - Free Report) in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 46,208 shares of the restaurant operator's stock, valued at approximately $2,595,000.

Several other institutional investors and hedge funds have also added to or reduced their stakes in CMG. Nuveen LLC bought a new position in Chipotle Mexican Grill in the 1st quarter valued at approximately $535,023,000. Goldman Sachs Group Inc. lifted its stake in Chipotle Mexican Grill by 98.1% in the 1st quarter. Goldman Sachs Group Inc. now owns 9,900,521 shares of the restaurant operator's stock valued at $497,105,000 after purchasing an additional 4,903,969 shares during the last quarter. Montrusco Bolton Investments Inc. lifted its stake in Chipotle Mexican Grill by 5,319.7% in the 1st quarter. Montrusco Bolton Investments Inc. now owns 4,848,990 shares of the restaurant operator's stock valued at $235,580,000 after purchasing an additional 4,759,520 shares during the last quarter. Price T Rowe Associates Inc. MD lifted 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 purchasing an additional 4,027,016 shares during the last quarter. Finally, Manning & Napier Advisors LLC bought a new position in Chipotle Mexican Grill in the 1st quarter valued at approximately $127,892,000. Institutional investors own 91.30% of the company's stock.

Chipotle Mexican Grill Stock Down 2.5%

CMG opened at $39.86 on Friday. Chipotle Mexican Grill, Inc. has a twelve month low of $38.30 and a twelve month high of $66.74. The company has a fifty day moving average of $41.18 and a 200-day moving average of $47.65. The stock has a market cap of $53.45 billion, a PE ratio of 35.59, a price-to-earnings-growth ratio of 2.09 and a beta of 0.99.

Chipotle Mexican Grill (NYSE:CMG - Get Free Report) last posted its quarterly earnings data on Wednesday, July 23rd. The restaurant operator reported $0.33 earnings per share for the quarter, topping 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 period in the prior year, the company posted $0.34 earnings per share. Chipotle Mexican Grill's revenue for the quarter was up 3.0% compared to the same quarter last year. Sell-side analysts anticipate that Chipotle Mexican Grill, Inc. will post 1.29 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

CMG has been the subject of several research reports. BMO Capital Markets raised shares of Chipotle Mexican Grill from a "market perform" rating to an "outperform" rating and increased their price objective for the company from $56.00 to $65.00 in a research note on Friday, July 18th. Rothschild Redb raised shares of Chipotle Mexican Grill from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, September 3rd. Stephens reaffirmed an "equal weight" rating and set a $60.00 price target on shares of Chipotle Mexican Grill in a research note on Monday, September 29th. BTIG Research reaffirmed a "buy" rating and set a $57.00 price target on shares of Chipotle Mexican Grill in a research note on Friday, September 5th. Finally, Melius started coverage on shares of Chipotle Mexican Grill in a research note on Monday, July 14th. They set a "hold" rating and a $60.00 price target for the company. Two research analysts have rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating and nine have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus 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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