Anchor Investment Management LLC Purchases 598 Shares of Chipotle Mexican Grill, Inc. $CMG

Anchor Investment Management LLC increased its position in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) by 2.2% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 27,747 shares of the restaurant operator’s stock after purchasing an additional 598 shares during the period. Anchor Investment Management LLC’s holdings in Chipotle Mexican Grill were worth $1,393,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Revolve Wealth Partners LLC raised its position in shares of Chipotle Mexican Grill by 4.7% during the 4th quarter. Revolve Wealth Partners LLC now owns 4,804 shares of the restaurant operator’s stock valued at $290,000 after purchasing an additional 214 shares during the period. Csenge Advisory Group raised its position in shares of Chipotle Mexican Grill by 5.0% during the 1st quarter. Csenge Advisory Group now owns 4,603 shares of the restaurant operator’s stock valued at $222,000 after purchasing an additional 220 shares during the period. Money Concepts Capital Corp raised its position in shares of Chipotle Mexican Grill by 3.0% during the 1st quarter. Money Concepts Capital Corp now owns 7,491 shares of the restaurant operator’s stock valued at $376,000 after purchasing an additional 221 shares during the period. Northwest Bank & Trust Co increased its holdings in Chipotle Mexican Grill by 0.5% in the 4th quarter. Northwest Bank & Trust Co now owns 45,324 shares of the restaurant operator’s stock valued at $2,788,000 after acquiring an additional 236 shares during the last quarter. Finally, Covestor Ltd increased its holdings in Chipotle Mexican Grill by 5.3% in the 1st quarter. Covestor Ltd now owns 4,782 shares of the restaurant operator’s stock valued at $240,000 after acquiring an additional 242 shares during the last quarter. 91.30% of the stock is currently owned by institutional investors.

Chipotle Mexican Grill Stock Down 1.8%

Chipotle Mexican Grill stock opened at $38.73 on Thursday. The company’s 50-day moving average price is $46.28 and its 200-day moving average price is $49.31. Chipotle Mexican Grill, Inc. has a twelve month low of $38.50 and a twelve month high of $66.74. The company has a market cap of $51.93 billion, a PE ratio of 34.58, a price-to-earnings-growth ratio of 2.01 and a beta of 1.02.

Chipotle Mexican Grill (NYSE:CMG) last posted its earnings results on Wednesday, July 23rd. The restaurant operator reported $0.33 earnings per share for the quarter, topping 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 firm had revenue of $3.06 billion for the quarter, compared to the consensus estimate of $3.11 billion. During the same period in the previous year, the firm posted $0.34 EPS. The business’s quarterly revenue was up 3.0% on a year-over-year basis. As a group, sell-side analysts expect that Chipotle Mexican Grill, Inc. will post 1.29 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on CMG shares. Barclays reduced their price target on shares of Chipotle Mexican Grill from $55.00 to $53.00 and set an “equal weight” rating on the stock in a report on Thursday, July 24th. Stephens reiterated an “equal weight” rating and issued a $60.00 price target on shares of Chipotle Mexican Grill in a report on Thursday, July 24th. UBS Group lifted their price target on shares of Chipotle Mexican Grill from $60.00 to $65.00 and gave the company a “buy” rating in a report on Thursday, July 17th. Piper Sandler upgraded shares of Chipotle Mexican Grill from a “neutral” rating to an “overweight” rating and reduced their price target for the company from $53.00 to $50.00 in a report on Tuesday, August 12th. Finally, BMO Capital Markets upgraded shares of Chipotle Mexican Grill from a “market perform” rating to an “outperform” rating and lifted their price target for the company from $56.00 to $65.00 in a report on Friday, July 18th. Two research analysts have rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating and eight have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $59.76.

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.