Chipotle Mexican Grill, Inc. $CMG is Vantage Investment Partners LLC’s 9th Largest Position

Vantage Investment Partners LLC grew its holdings in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) by 13.2% during the 2nd quarter, Holdings Channel reports. The institutional investor owned 817,032 shares of the restaurant operator’s stock after acquiring an additional 95,548 shares during the quarter. Chipotle Mexican Grill makes up 3.3% of Vantage Investment Partners LLC’s holdings, making the stock its 9th biggest holding. Vantage Investment Partners LLC’s holdings in Chipotle Mexican Grill were worth $45,876,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Marks Group Wealth Management Inc increased its stake in Chipotle Mexican Grill by 1.3% during the second quarter. Marks Group Wealth Management Inc now owns 110,241 shares of the restaurant operator’s stock worth $6,190,000 after acquiring an additional 1,427 shares during the last quarter. Merit Financial Group LLC boosted its holdings in shares of Chipotle Mexican Grill by 17.8% in the 2nd quarter. Merit Financial Group LLC now owns 69,727 shares of the restaurant operator’s stock worth $3,915,000 after purchasing an additional 10,533 shares during the period. Marietta Wealth Management LLC increased its position in shares of Chipotle Mexican Grill by 4.4% during the 2nd quarter. Marietta Wealth Management LLC now owns 69,648 shares of the restaurant operator’s stock valued at $3,911,000 after purchasing an additional 2,961 shares during the last quarter. Simplicity Wealth LLC purchased a new stake in Chipotle Mexican Grill during the 2nd quarter valued at $421,000. Finally, OLD National Bancorp IN bought a new stake in Chipotle Mexican Grill in the second quarter worth $8,712,000. Hedge funds and other institutional investors own 91.30% of the company’s stock.

Chipotle Mexican Grill Stock Performance

Shares of NYSE CMG opened at $41.78 on Monday. Chipotle Mexican Grill, Inc. has a 52-week low of $38.30 and a 52-week high of $66.74. The firm has a market capitalization of $56.02 billion, a price-to-earnings ratio of 37.30, a PEG ratio of 2.13 and a beta of 0.99. The stock has a 50 day moving average price of $41.47 and a 200 day moving average price of $47.92.

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 during the quarter, compared to analysts’ expectations 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 revenue for the quarter was up 3.0% compared to the same quarter last year. During the same period in the prior year, the business earned $0.34 EPS. Analysts forecast that Chipotle Mexican Grill, Inc. will post 1.29 earnings per share for the current year.

Analyst Ratings Changes

A number of research firms have weighed in on CMG. Stephens reiterated an “equal weight” rating and set a $60.00 price objective on shares of Chipotle Mexican Grill in a research report on Monday, September 29th. Guggenheim reduced their price objective on shares of Chipotle Mexican Grill from $47.00 to $46.00 and set a “neutral” rating on the stock in a research report on Friday, July 25th. UBS Group boosted their target price on Chipotle Mexican Grill from $60.00 to $65.00 and gave the company a “buy” rating in a research report on Thursday, July 17th. KeyCorp reduced their price target on Chipotle Mexican Grill from $60.00 to $58.00 and set an “overweight” rating on the stock in a report on Thursday, July 24th. Finally, Sanford C. Bernstein decreased their price target on Chipotle Mexican Grill from $65.00 to $60.00 and set an “outperform” rating for the company in a research note on Thursday. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating and nine have assigned a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $59.41.

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.