Chipotle Mexican Grill, Inc. $CMG Shares Bought by Journey Advisory Group LLC

Journey Advisory Group LLC increased its stake in Chipotle Mexican Grill, Inc. (NYSE:CMG) by 3.4% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 17,560 shares of the restaurant operator’s stock after acquiring an additional 582 shares during the quarter. Journey Advisory Group LLC’s holdings in Chipotle Mexican Grill were worth $986,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the stock. Revolve Wealth Partners LLC grew its holdings in shares of Chipotle Mexican Grill by 4.7% during the fourth quarter. Revolve Wealth Partners LLC now owns 4,804 shares of the restaurant operator’s stock valued at $290,000 after buying an additional 214 shares in the last quarter. Bison Wealth LLC acquired a new stake in shares of Chipotle Mexican Grill in the fourth quarter worth about $224,000. Kentucky Retirement Systems Insurance Trust Fund lifted its position in shares of Chipotle Mexican Grill by 3,525.3% in the first quarter. Kentucky Retirement Systems Insurance Trust Fund now owns 39,733 shares of the restaurant operator’s stock worth $1,995,000 after buying an additional 38,637 shares during the last quarter. Flagship Harbor Advisors LLC lifted its position in shares of Chipotle Mexican Grill by 7.0% in the first quarter. Flagship Harbor Advisors LLC now owns 16,368 shares of the restaurant operator’s stock worth $822,000 after buying an additional 1,070 shares during the last quarter. Finally, Stiles Financial Services Inc increased its stake in shares of Chipotle Mexican Grill by 18.5% in the first quarter. Stiles Financial Services Inc now owns 11,795 shares of the restaurant operator’s stock worth $592,000 after purchasing an additional 1,845 shares during the period. 91.30% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

CMG has been the topic of a number of recent analyst reports. Robert W. Baird dropped their price objective on Chipotle Mexican Grill from $59.00 to $49.00 and set an “outperform” rating on the stock in a research note on Friday, October 10th. BMO Capital Markets upgraded Chipotle Mexican Grill from a “market perform” rating to an “outperform” rating and upped their price objective for the company from $56.00 to $65.00 in a research note on Friday, July 18th. Stephens reissued an “equal weight” rating and issued a $60.00 target price on shares of Chipotle Mexican Grill in a report on Monday, September 29th. KeyCorp reduced their target price on Chipotle Mexican Grill from $58.00 to $52.00 and set an “overweight” rating on the stock in a report on Monday. Finally, UBS Group reaffirmed a “buy” rating and set a $56.00 price objective (down previously from $65.00) on shares of Chipotle Mexican Grill in a report on Monday. Two research analysts have rated the stock with a Strong Buy rating, twenty-one have given a Buy rating and nine have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $57.03.

Chipotle Mexican Grill Stock Down 0.5%

CMG opened at $41.64 on Tuesday. The company has a fifty day simple moving average of $41.11 and a 200 day simple moving average of $47.25. The stock has a market cap of $55.84 billion, a P/E ratio of 37.18, a P/E/G ratio of 2.53 and a beta of 0.99. Chipotle Mexican Grill, Inc. has a 12 month low of $38.30 and a 12 month high of $66.74.

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 analysts’ consensus estimates of $0.32 by $0.01. The firm 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 company’s revenue was up 3.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.34 EPS. On average, equities research analysts expect that Chipotle Mexican Grill, Inc. will post 1.29 earnings per share for the current fiscal year.

Chipotle Mexican Grill Company 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.