Chipotle Mexican Grill, Inc. $CMG Shares Purchased by CX Institutional

CX Institutional lifted its stake in Chipotle Mexican Grill, Inc. (NYSE:CMG) by 8.7% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 8,734 shares of the restaurant operator’s stock after purchasing an additional 697 shares during the period. CX Institutional’s holdings in Chipotle Mexican Grill were worth $490,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in CMG. Cloud Capital Management LLC purchased a new position in Chipotle Mexican Grill during the 1st quarter valued at about $25,000. Saudi Central Bank purchased a new position in Chipotle Mexican Grill during the 1st quarter valued at about $27,000. 1248 Management LLC purchased a new position in Chipotle Mexican Grill during the 1st quarter valued at about $27,000. HighMark Wealth Management LLC increased its holdings in Chipotle Mexican Grill by 173.4% during the 1st quarter. HighMark Wealth Management LLC now owns 585 shares of the restaurant operator’s stock valued at $29,000 after acquiring an additional 371 shares in the last quarter. Finally, Oliver Lagore Vanvalin Investment Group purchased a new position in Chipotle Mexican Grill during the 2nd quarter valued at about $29,000. 91.30% of the stock is currently owned by hedge funds and other institutional investors.

Chipotle Mexican Grill Stock Performance

CMG opened at $40.06 on Friday. The company’s 50 day simple moving average is $42.47 and its 200 day simple moving average is $48.25. Chipotle Mexican Grill, Inc. has a 1 year low of $38.30 and a 1 year high of $66.74. The stock has a market capitalization of $53.72 billion, a PE ratio of 35.77, a P/E/G ratio of 2.00 and a beta of 1.02.

Chipotle Mexican Grill (NYSE:CMG) last released its earnings results on Wednesday, July 23rd. The restaurant operator reported $0.33 earnings per share (EPS) 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 business had revenue of $3.06 billion for the quarter, compared to analysts’ expectations of $3.11 billion. During the same period last year, the company earned $0.34 earnings per share. The company’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

Several equities analysts have weighed in on the stock. KeyCorp dropped their target price on shares of Chipotle Mexican Grill from $60.00 to $58.00 and set an “overweight” rating for the company in a report on Thursday, July 24th. Stephens restated an “equal weight” rating and set a $60.00 target price on shares of Chipotle Mexican Grill in a report on Thursday, September 11th. Robert W. Baird lowered their price target on shares of Chipotle Mexican Grill from $62.00 to $59.00 and set an “outperform” rating for the company in a report on Thursday, July 24th. Stifel Nicolaus lowered their price target on shares of Chipotle Mexican Grill from $65.00 to $60.00 and set a “buy” rating for the company in a report on Tuesday, September 9th. Finally, Raymond James Financial lowered their price target on shares of Chipotle Mexican Grill from $60.00 to $56.00 and set an “outperform” rating for the company in a report on Friday, August 15th. Two analysts have rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating and eight have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $59.76.

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.