Chipotle Mexican Grill, Inc. $CMG Shares Bought by Bennett Selby Investments LP

Bennett Selby Investments LP raised its stake in Chipotle Mexican Grill, Inc. (NYSE:CMG) by 6.0% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 7,392 shares of the restaurant operator’s stock after acquiring an additional 419 shares during the quarter. Bennett Selby Investments LP’s holdings in Chipotle Mexican Grill were worth $415,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in CMG. Nuveen LLC acquired a new position in shares of Chipotle Mexican Grill in the first quarter worth $535,023,000. Goldman Sachs Group Inc. raised its holdings in shares of Chipotle Mexican Grill by 98.1% in the first quarter. Goldman Sachs Group Inc. now owns 9,900,521 shares of the restaurant operator’s stock worth $497,105,000 after acquiring an additional 4,903,969 shares during the last quarter. Montrusco Bolton Investments Inc. raised its holdings in shares of Chipotle Mexican Grill by 5,319.7% in the first quarter. Montrusco Bolton Investments Inc. now owns 4,848,990 shares of the restaurant operator’s stock worth $235,580,000 after acquiring an additional 4,759,520 shares during the last quarter. Price T Rowe Associates Inc. MD raised its holdings in shares of Chipotle Mexican Grill by 7.6% in the first quarter. Price T Rowe Associates Inc. MD now owns 56,827,332 shares of the restaurant operator’s stock worth $2,853,302,000 after acquiring an additional 4,027,016 shares during the last quarter. Finally, Manning & Napier Advisors LLC acquired a new position in shares of Chipotle Mexican Grill in the first quarter worth $127,892,000. 91.30% of the stock is owned by institutional investors and hedge funds.

Chipotle Mexican Grill Trading Down 0.5%

CMG stock opened at $39.87 on Tuesday. The stock has a 50-day moving average price of $42.22 and a two-hundred day moving average price of $48.17. Chipotle Mexican Grill, Inc. has a 12-month low of $38.30 and a 12-month high of $66.74. The company has a market cap of $53.46 billion, a PE ratio of 35.60, a price-to-earnings-growth ratio of 2.04 and a beta of 1.02.

Chipotle Mexican Grill (NYSE:CMG) last posted its quarterly 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 firm had revenue of $3.06 billion during the quarter, compared to the consensus estimate of $3.11 billion. During the same quarter in the previous year, the business earned $0.34 earnings per share. The firm’s quarterly revenue was up 3.0% compared to the same quarter last year. Equities analysts forecast that Chipotle Mexican Grill, Inc. will post 1.29 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on CMG shares. Stifel Nicolaus cut their price target on Chipotle Mexican Grill from $65.00 to $60.00 and set a “buy” rating for the company in a report on Tuesday, September 9th. Rothschild & Co Redburn upgraded Chipotle Mexican Grill from a “neutral” rating to a “buy” rating and set a $55.00 target price for the company in a research note on Wednesday, September 3rd. Stephens reiterated an “equal weight” rating and issued a $60.00 target price on shares of Chipotle Mexican Grill in a research note on Monday. Redburn Atlantic began coverage on Chipotle Mexican Grill in a research note on Tuesday, June 10th. They issued a “neutral” rating and a $55.00 target price for the company. Finally, UBS Group upped their target price on Chipotle Mexican Grill from $60.00 to $65.00 and gave the company a “buy” rating in a research note on Thursday, July 17th. Two equities research 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.com, the company 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.