Chipotle Mexican Grill, Inc. $CMG Shares Acquired by OFI Invest Asset Management

OFI Invest Asset Management lifted its stake in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) by 3.3% during the second quarter, Holdings Channel reports. The firm owned 637,711 shares of the restaurant operator’s stock after buying an additional 20,402 shares during the period. OFI Invest Asset Management’s holdings in Chipotle Mexican Grill were worth $35,807,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in the business. Vanguard Group Inc. increased its position in Chipotle Mexican Grill by 1.3% in the 1st quarter. Vanguard Group Inc. now owns 122,463,327 shares of the restaurant operator’s stock valued at $6,148,884,000 after acquiring an additional 1,597,287 shares during the period. Price T Rowe Associates Inc. MD increased its position in Chipotle Mexican Grill by 7.6% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 56,827,332 shares of the restaurant operator’s stock valued at $2,853,302,000 after acquiring an additional 4,027,016 shares during the period. Alliancebernstein L.P. increased its position in Chipotle Mexican Grill by 8.0% in the 1st quarter. Alliancebernstein L.P. now owns 32,505,318 shares of the restaurant operator’s stock valued at $1,632,092,000 after acquiring an additional 2,404,798 shares during the period. American Century Companies Inc. increased its position in Chipotle Mexican Grill by 2.1% in the 1st quarter. American Century Companies Inc. now owns 20,662,628 shares of the restaurant operator’s stock valued at $1,037,471,000 after acquiring an additional 425,648 shares during the period. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in Chipotle Mexican Grill by 8.1% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 11,111,416 shares of the restaurant operator’s stock valued at $557,904,000 after acquiring an additional 833,760 shares during the period. 91.30% of the stock is currently owned by institutional investors and hedge funds.

Chipotle Mexican Grill Trading Down 2.5%

Shares of NYSE:CMG opened at $39.86 on Friday. Chipotle Mexican Grill, Inc. has a 1 year low of $38.30 and a 1 year high of $66.74. The business has a fifty day simple moving average of $41.18 and a 200 day simple moving average of $47.63. The firm has a market cap of $53.45 billion, a price-to-earnings ratio of 35.59, a P/E/G ratio of 2.03 and a beta of 0.99.

Chipotle Mexican Grill (NYSE:CMG) last announced its quarterly earnings data 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 return on equity of 43.50% and a net margin of 13.32%.The business had revenue of $3.06 billion during the quarter, compared to analyst estimates of $3.11 billion. During the same period last year, the company earned $0.34 earnings per share. Chipotle Mexican Grill’s quarterly revenue was up 3.0% compared to the same quarter last year. On average, sell-side analysts forecast that Chipotle Mexican Grill, Inc. will post 1.29 EPS for the current year.

Wall Street Analyst Weigh In

Several analysts recently commented on CMG shares. Truist Financial lowered their target price on Chipotle Mexican Grill from $64.00 to $60.00 and set a “buy” rating on the stock in a research report on Friday, July 25th. Weiss Ratings reiterated a “hold (c)” rating on shares of Chipotle Mexican Grill in a research report on Wednesday. Melius assumed coverage on Chipotle Mexican Grill in a research report on Monday, July 14th. They set a “hold” rating and a $60.00 price target on the stock. BMO Capital Markets upgraded Chipotle Mexican Grill from a “market perform” rating to an “outperform” rating and lifted their price target for the company from $56.00 to $65.00 in a research report on Friday, July 18th. Finally, Stephens reiterated an “equal weight” rating and set a $60.00 price target on shares of Chipotle Mexican Grill in a research report on Monday, September 29th. Two equities research 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’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $58.93.

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.