Chipotle Mexican Grill, Inc. $CMG Shares Bought by Prudent Man Advisors LLC

Prudent Man Advisors LLC grew its stake in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) by 36.7% during the second quarter, HoldingsChannel reports. The firm owned 21,566 shares of the restaurant operator’s stock after buying an additional 5,792 shares during the period. Prudent Man Advisors LLC’s holdings in Chipotle Mexican Grill were worth $1,211,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of CMG. Revolve Wealth Partners LLC lifted its stake 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 worth $290,000 after purchasing an additional 214 shares in the last quarter. Bison Wealth LLC acquired a new position in shares of Chipotle Mexican Grill during the fourth quarter worth about $224,000. PDS Planning Inc increased its position in shares of Chipotle Mexican Grill by 8.0% during the first quarter. PDS Planning Inc now owns 6,308 shares of the restaurant operator’s stock worth $317,000 after acquiring an additional 469 shares during the last quarter. Trust Co. of Vermont increased its position in shares of Chipotle Mexican Grill by 28.1% during the first quarter. Trust Co. of Vermont now owns 8,200 shares of the restaurant operator’s stock worth $412,000 after acquiring an additional 1,800 shares during the last quarter. Finally, Jaffetilchin Investment Partners LLC increased its position in shares of Chipotle Mexican Grill by 6.4% during the first quarter. Jaffetilchin Investment Partners LLC now owns 5,135 shares of the restaurant operator’s stock worth $258,000 after acquiring an additional 307 shares during the last quarter. Institutional investors and hedge funds own 91.30% of the company’s stock.

Chipotle Mexican Grill Stock Down 1.5%

Shares of Chipotle Mexican Grill stock opened at $41.18 on Friday. The firm has a market cap of $55.22 billion, a P/E ratio of 36.77, a P/E/G ratio of 2.49 and a beta of 0.99. Chipotle Mexican Grill, Inc. has a fifty-two week low of $38.30 and a fifty-two week high of $66.74. The business has a 50-day moving average price of $40.98 and a 200 day moving average price of $47.12.

Chipotle Mexican Grill (NYSE:CMG) last announced its quarterly earnings data on Wednesday, July 23rd. The restaurant operator reported $0.33 earnings per share 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 analyst estimates of $3.11 billion. Chipotle Mexican Grill had a return on equity of 43.50% and a net margin of 13.32%.Chipotle Mexican Grill’s quarterly revenue was up 3.0% on a year-over-year basis. During the same period in the previous year, the company earned $0.34 earnings per share. As a group, equities research analysts anticipate that Chipotle Mexican Grill, Inc. will post 1.29 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the company. BMO Capital Markets raised Chipotle Mexican Grill from a “market perform” rating to an “outperform” rating and lifted their target price for the stock from $56.00 to $65.00 in a research report on Friday, July 18th. Jefferies Financial Group dropped their target price on Chipotle Mexican Grill from $48.00 to $44.00 and set a “hold” rating on the stock in a research report on Monday, October 13th. Citigroup dropped their target price on Chipotle Mexican Grill from $68.00 to $62.00 and set a “buy” rating on the stock in a research report on Thursday, July 24th. TD Cowen reaffirmed a “buy” rating and set a $58.00 target price on shares of Chipotle Mexican Grill in a research report on Friday, September 19th. Finally, Piper Sandler raised Chipotle Mexican Grill from a “neutral” rating to an “overweight” rating and dropped their target price for the stock from $53.00 to $50.00 in a research report on Tuesday, August 12th. Two 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 company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $56.69.

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.