DHJJ Financial Advisors Ltd. Makes New Investment in Chipotle Mexican Grill, Inc. $CMG

DHJJ Financial Advisors Ltd. bought a new position in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 2,500 shares of the restaurant operator’s stock, valued at approximately $140,000.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the business. E. Ohman J or Asset Management AB grew its position in shares of Chipotle Mexican Grill by 0.3% during the 2nd quarter. E. Ohman J or Asset Management AB now owns 59,234 shares of the restaurant operator’s stock worth $3,326,000 after purchasing an additional 194 shares in the last quarter. Occidental Asset Management LLC boosted its position in shares of Chipotle Mexican Grill by 2.8% during the 2nd quarter. Occidental Asset Management LLC now owns 7,257 shares of the restaurant operator’s stock worth $407,000 after acquiring an additional 195 shares in the last quarter. Perennial Advisors LLC boosted its position in shares of Chipotle Mexican Grill by 3.1% during the 2nd quarter. Perennial Advisors LLC now owns 6,667 shares of the restaurant operator’s stock worth $374,000 after acquiring an additional 200 shares in the last quarter. Revolve Wealth Partners LLC boosted 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 worth $290,000 after acquiring an additional 214 shares in the last quarter. Finally, Pine Haven Investment Counsel Inc boosted its position in shares of Chipotle Mexican Grill by 0.6% during the 2nd quarter. Pine Haven Investment Counsel Inc now owns 37,111 shares of the restaurant operator’s stock worth $2,084,000 after acquiring an additional 215 shares in the last quarter. Institutional investors and hedge funds own 91.30% of the company’s stock.

Wall Street Analysts Forecast Growth

CMG has been the topic of several analyst reports. BTIG Research reiterated a “buy” rating and set a $57.00 price target on shares of Chipotle Mexican Grill in a research report on Friday, September 5th. Weiss Ratings reiterated a “hold (c)” rating on shares of Chipotle Mexican Grill in a research report on Saturday, September 27th. 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 research report on Thursday, July 24th. Robert W. Baird dropped their price objective on shares of Chipotle Mexican Grill from $62.00 to $59.00 and set an “outperform” rating for the company in a research note on Thursday, July 24th. Finally, Piper Sandler raised shares of Chipotle Mexican Grill from a “neutral” rating to an “overweight” rating and dropped their price objective for the company from $53.00 to $50.00 in a research note on Tuesday, August 12th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating and nine have assigned a Hold rating to the company. According to data from MarketBeat.com, Chipotle Mexican Grill currently has an average rating of “Moderate Buy” and an average target price of $59.41.

Chipotle Mexican Grill Stock Performance

CMG stock opened at $41.78 on Friday. The company has a fifty day moving average price of $41.47 and a 200-day moving average price of $47.94. The company has a market capitalization of $56.02 billion, a P/E ratio of 37.30, a PEG ratio of 2.05 and a beta of 0.99. Chipotle Mexican Grill, Inc. has a 52-week low of $38.30 and a 52-week high of $66.74.

Chipotle Mexican Grill (NYSE:CMG) last released its quarterly earnings results on Wednesday, July 23rd. The restaurant operator reported $0.33 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.32 by $0.01. The firm had revenue of $3.06 billion during the quarter, compared to the consensus estimate of $3.11 billion. Chipotle Mexican Grill had a net margin of 13.32% and a return on equity of 43.50%. The company’s revenue for the quarter was up 3.0% on a year-over-year basis. During the same quarter last year, the firm earned $0.34 earnings per share. As a group, sell-side analysts forecast that Chipotle Mexican Grill, Inc. will post 1.29 earnings per share for the current fiscal year.

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.