Gries Financial LLC Increases Stake in Chipotle Mexican Grill, Inc. $CMG

Gries Financial LLC grew its holdings in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) by 8.2% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 6,103 shares of the restaurant operator’s stock after purchasing an additional 461 shares during the quarter. Gries Financial LLC’s holdings in Chipotle Mexican Grill were worth $343,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Revolve Wealth Partners LLC grew its stake in 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 acquiring an additional 214 shares in the last quarter. Bank Pictet & Cie Europe AG increased its holdings in shares of Chipotle Mexican Grill by 22.5% in the fourth quarter. Bank Pictet & Cie Europe AG now owns 1,518,593 shares of the restaurant operator’s stock valued at $91,571,000 after purchasing an additional 279,267 shares during the last quarter. Bison Wealth LLC purchased a new position in Chipotle Mexican Grill during the fourth quarter worth approximately $224,000. Toronto Dominion Bank lifted its position in Chipotle Mexican Grill by 25.1% during the fourth quarter. Toronto Dominion Bank now owns 699,229 shares of the restaurant operator’s stock worth $42,164,000 after buying an additional 140,441 shares in the last quarter. Finally, Ameriflex Group Inc. acquired a new position in Chipotle Mexican Grill during the fourth quarter worth $156,000. 91.30% of the stock is currently owned by institutional investors and hedge funds.

Chipotle Mexican Grill Stock Performance

Shares of CMG stock opened at $39.69 on Wednesday. The firm has a market cap of $53.22 billion, a P/E ratio of 35.44, a P/E/G ratio of 2.04 and a beta of 1.02. The firm’s 50 day moving average price is $43.31 and its 200-day moving average price is $48.46. Chipotle Mexican Grill, Inc. has a one year low of $38.30 and a one year high of $66.74.

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

Analysts Set New Price Targets

A number of analysts have issued reports on the company. Truist Financial cut their target price on Chipotle Mexican Grill from $64.00 to $60.00 and set a “buy” rating for the company in a research note on Friday, July 25th. Barclays reduced their target price on shares of Chipotle Mexican Grill from $55.00 to $53.00 and set an “equal weight” rating on the stock in a research note on Thursday, July 24th. 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. Wells Fargo & Company reduced their price target on shares of Chipotle Mexican Grill from $65.00 to $60.00 and set an “overweight” rating on the stock in a research report on Thursday, July 24th. Finally, Guggenheim lowered their price objective on Chipotle Mexican Grill from $47.00 to $46.00 and set a “neutral” rating for the company in a research report on Friday, July 25th. Two analysts have rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating and eight have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Chipotle Mexican Grill currently has a consensus 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.