Sunpointe LLC Invests $1.06 Million in Chipotle Mexican Grill, Inc. $CMG

Sunpointe LLC bought a new position in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) in the second quarter, HoldingsChannel reports. The firm bought 18,896 shares of the restaurant operator’s stock, valued at approximately $1,061,000.

Other large investors have also modified their holdings of the company. Cloud Capital Management LLC purchased a new position in shares of Chipotle Mexican Grill during the 1st quarter worth approximately $25,000. 1248 Management LLC purchased a new position in shares of Chipotle Mexican Grill during the 1st quarter worth approximately $27,000. Saudi Central Bank purchased a new position in shares of Chipotle Mexican Grill during the 1st quarter worth approximately $27,000. HighMark Wealth Management LLC raised its stake in shares of Chipotle Mexican Grill by 173.4% during the 1st quarter. HighMark Wealth Management LLC now owns 585 shares of the restaurant operator’s stock worth $29,000 after buying an additional 371 shares in the last quarter. Finally, North Capital Inc. purchased a new position in shares of Chipotle Mexican Grill during the 1st quarter worth approximately $30,000. 91.30% of the stock is owned by hedge funds and other institutional investors.

Chipotle Mexican Grill Stock Up 1.7%

CMG stock opened at $39.25 on Wednesday. Chipotle Mexican Grill, Inc. has a 52-week low of $38.30 and a 52-week high of $66.74. The stock’s fifty day simple moving average is $44.88 and its 200-day simple moving average is $48.90. The stock has a market capitalization of $52.63 billion, a price-to-earnings ratio of 35.04, a price-to-earnings-growth ratio of 1.96 and a beta of 1.02.

Chipotle Mexican Grill (NYSE:CMG) last issued its earnings results 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. The business had revenue of $3.06 billion for the quarter, compared to analyst estimates of $3.11 billion. Chipotle Mexican Grill had a return on equity of 43.50% and a net margin of 13.32%.The business’s quarterly revenue was up 3.0% on a year-over-year basis. During the same period last year, the company posted $0.34 EPS. As a group, analysts anticipate that Chipotle Mexican Grill, Inc. will post 1.29 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on the company. KeyCorp cut their target price on Chipotle Mexican Grill from $60.00 to $58.00 and set an “overweight” rating for the company in a research note on Thursday, July 24th. BMO Capital Markets upgraded Chipotle Mexican Grill from a “market perform” rating to an “outperform” rating and upped their price target for the stock from $56.00 to $65.00 in a report on Friday, July 18th. Stephens restated an “equal weight” rating and issued a $60.00 price target on shares of Chipotle Mexican Grill in a report on Thursday, September 11th. Guggenheim lowered their price target on Chipotle Mexican Grill from $47.00 to $46.00 and set a “neutral” rating on the stock in a report on Friday, July 25th. Finally, Barclays lowered their price target on 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. Two investment analysts have rated the stock with a Strong Buy rating, twenty-one have given a Buy rating and eight have issued a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price 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.