Mutual of America Capital Management LLC Has $8.68 Million Stake in Chipotle Mexican Grill, Inc. $CMG

Mutual of America Capital Management LLC trimmed its position in Chipotle Mexican Grill, Inc. (NYSE:CMG) by 2.0% in the second quarter, HoldingsChannel.com reports. The firm owned 154,494 shares of the restaurant operator’s stock after selling 3,223 shares during the period. Mutual of America Capital Management LLC’s holdings in Chipotle Mexican Grill were worth $8,675,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also modified their holdings of the company. Cloud Capital Management LLC bought a new stake in Chipotle Mexican Grill in the first quarter valued at $25,000. Saudi Central Bank bought a new stake in Chipotle Mexican Grill in the first quarter valued at $27,000. 1248 Management LLC bought a new stake in Chipotle Mexican Grill in the first quarter valued at $27,000. Signature Resources Capital Management LLC bought a new stake in Chipotle Mexican Grill in the second quarter valued at $28,000. Finally, HighMark Wealth Management LLC grew its position in Chipotle Mexican Grill by 173.4% in the first quarter. HighMark Wealth Management LLC now owns 585 shares of the restaurant operator’s stock valued at $29,000 after acquiring an additional 371 shares during the period. 91.30% of the stock is currently owned by institutional investors and hedge funds.

Chipotle Mexican Grill Stock Down 0.5%

Chipotle Mexican Grill stock opened at $41.64 on Tuesday. The business’s 50-day simple moving average is $41.11 and its 200 day simple moving average is $47.25. The stock has a market cap of $55.84 billion, a price-to-earnings 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 posted 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. 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 for the quarter, compared to analysts’ expectations of $3.11 billion. During the same quarter last 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. As a group, sell-side analysts expect that Chipotle Mexican Grill, Inc. will post 1.29 EPS for the current year.

Analysts Set New Price Targets

A number of analysts have weighed in on CMG shares. Morgan Stanley lowered their price target on Chipotle Mexican Grill from $65.00 to $59.00 and set an “overweight” rating on the stock in a research report on Wednesday, October 15th. Stephens reiterated an “equal weight” rating and issued a $60.00 price target on shares of Chipotle Mexican Grill in a research report on Monday, September 29th. Raymond James Financial restated an “outperform” rating and set a $52.00 target price (down previously from $56.00) on shares of Chipotle Mexican Grill in a report on Thursday, October 16th. Guggenheim decreased their target price on Chipotle Mexican Grill from $47.00 to $46.00 and set a “neutral” rating on the stock in a report on Friday, July 25th. Finally, Piper Sandler upgraded Chipotle Mexican Grill from a “neutral” rating to an “overweight” rating and decreased their target price for the stock from $53.00 to $50.00 in a report on Tuesday, August 12th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-one have given a Buy rating and nine have given a Hold rating to the company’s stock. According to 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 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.