Vanguard Personalized Indexing Management LLC Acquires 35,586 Shares of Chipotle Mexican Grill, Inc. $CMG

Key Points

• Vanguard Personalized Indexing Management LLC increased its stake in Chipotle Mexican Grill by 22.8%, acquiring an additional 35,586 shares for a total of 191,731 shares, valued at approximately $10.77 million.
• Chipotle Mexican Grill's stock has a market capitalization of $53.45 billion and is currently rated as a "Moderate Buy" with a consensus price target of $58.93.
• In its most recent earnings report, Chipotle reported an EPS of $0.33, just above analysts' expectations, with a revenue of $3.06 billion, showing a 3% increase compared to the same quarter last year.

Vanguard Personalized Indexing Management LLC lifted its position in Chipotle Mexican Grill, Inc. (NYSE:CMG - Free Report) by 22.8% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 191,731 shares of the restaurant operator's stock after acquiring an additional 35,586 shares during the period. Vanguard Personalized Indexing Management LLC's holdings in Chipotle Mexican Grill were worth $10,766,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Signature Resources Capital Management LLC acquired a new stake in Chipotle Mexican Grill during the 2nd quarter worth approximately $28,000. Cloud Capital Management LLC acquired a new stake in shares of Chipotle Mexican Grill in the first quarter valued at approximately $25,000. Oliver Lagore Vanvalin Investment Group acquired a new stake in shares of Chipotle Mexican Grill in the second quarter valued at approximately $29,000. 1248 Management LLC bought a new position in shares of Chipotle Mexican Grill in the first quarter valued at $27,000. Finally, Saudi Central Bank bought a new position in shares of Chipotle Mexican Grill in the first quarter valued at $27,000. 91.30% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research firms have commented on CMG. Evercore ISI reduced their price objective 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, October 7th. TD Cowen reissued a "buy" rating and set a $58.00 target price on shares of Chipotle Mexican Grill in a report on Friday, September 19th. Stifel Nicolaus dropped their price target on Chipotle Mexican Grill from $65.00 to $60.00 and set a "buy" rating for the company in a research note on Tuesday, September 9th. BTIG Research reaffirmed a "buy" rating and issued a $57.00 price target on shares of Chipotle Mexican Grill in a research note on Friday, September 5th. Finally, Rothschild Redb raised Chipotle Mexican Grill from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, September 3rd. Two investment analysts have rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating and nine have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $58.93.

Chipotle Mexican Grill Stock Performance

Chipotle Mexican Grill stock opened at $39.86 on Monday. The stock has a market capitalization of $53.45 billion, a price-to-earnings ratio of 35.59, a PEG ratio of 2.04 and a beta of 0.99. Chipotle Mexican Grill, Inc. has a 52-week low of $38.30 and a 52-week high of $66.74. The stock's 50 day moving average price is $41.18 and its two-hundred day moving average price is $47.61.

Chipotle Mexican Grill (NYSE:CMG - Get Free Report) last posted its quarterly earnings results on Wednesday, July 23rd. The restaurant operator reported $0.33 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 firm had revenue of $3.06 billion for the quarter, compared to analysts' expectations of $3.11 billion. During the same period in the prior year, the business earned $0.34 EPS. The company's revenue for the quarter was up 3.0% compared to the same quarter last year. On average, equities research analysts forecast that Chipotle Mexican Grill, Inc. will post 1.29 EPS for the current year.

Chipotle Mexican Grill Company 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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