Brookwood Investment Group LLC Buys New Shares in Chipotle Mexican Grill, Inc. $CMG

Brookwood Investment Group LLC acquired a new position in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 4,181 shares of the restaurant operator’s stock, valued at approximately $235,000.

Other institutional investors also recently bought and sold shares of the company. Ascent Group LLC raised its holdings in shares of Chipotle Mexican Grill by 3.5% during the second quarter. Ascent Group LLC now owns 5,752 shares of the restaurant operator’s stock worth $323,000 after purchasing an additional 193 shares during the period. E. Ohman J or Asset Management AB raised its position in shares of Chipotle Mexican Grill by 0.3% in the second quarter. E. Ohman J or Asset Management AB now owns 59,234 shares of the restaurant operator’s stock valued at $3,326,000 after purchasing an additional 194 shares during the period. Occidental Asset Management LLC lifted its position in Chipotle Mexican Grill by 2.8% during the 2nd quarter. Occidental Asset Management LLC now owns 7,257 shares of the restaurant operator’s stock worth $407,000 after buying an additional 195 shares in the last quarter. Perennial Advisors LLC lifted its position in Chipotle Mexican Grill by 3.1% during the 2nd quarter. Perennial Advisors LLC now owns 6,667 shares of the restaurant operator’s stock valued at $374,000 after purchasing an additional 200 shares during the period. Finally, Quent Capital LLC increased its stake in Chipotle Mexican Grill by 2.0% during the 2nd quarter. Quent Capital LLC now owns 10,555 shares of the restaurant operator’s stock worth $593,000 after purchasing an additional 208 shares in the last quarter. 91.30% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the company. Stifel Nicolaus dropped their target price on Chipotle Mexican Grill from $65.00 to $60.00 and set a “buy” rating for the company in a report on Tuesday, September 9th. Robert W. Baird lowered their target price on Chipotle Mexican Grill from $59.00 to $49.00 and set an “outperform” rating on the stock in a research report on Friday, October 10th. TD Cowen reaffirmed a “buy” rating and set a $58.00 price target on shares of Chipotle Mexican Grill in a research report on Friday, September 19th. Morgan Stanley dropped their price objective on Chipotle Mexican Grill from $65.00 to $59.00 and set an “overweight” rating on the stock in a report on Wednesday, October 15th. Finally, Truist Financial reduced their price objective on Chipotle Mexican Grill from $60.00 to $53.00 and set a “buy” rating on the stock in a research report on Tuesday, October 14th. Two research analysts have rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating and ten have given a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $56.13.

Chipotle Mexican Grill Stock Performance

Chipotle Mexican Grill stock opened at $40.34 on Wednesday. The stock has a market cap of $54.09 billion, a PE ratio of 36.01, a price-to-earnings-growth ratio of 2.74 and a beta of 0.99. Chipotle Mexican Grill, Inc. has a one year low of $38.30 and a one year high of $66.74. The stock has a fifty day moving average of $40.88 and a 200 day moving average of $46.96.

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.