Leeward Financial Partners LLC Grows Holdings in Chipotle Mexican Grill, Inc. $CMG

Leeward Financial Partners LLC raised its position in Chipotle Mexican Grill, Inc. (NYSE:CMG) by 21.4% in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 9,049 shares of the restaurant operator’s stock after buying an additional 1,595 shares during the period. Leeward Financial Partners LLC’s holdings in Chipotle Mexican Grill were worth $508,000 at the end of the most recent quarter.

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

Chipotle Mexican Grill Price Performance

NYSE:CMG opened at $31.67 on Friday. The firm has a market capitalization of $42.47 billion, a price-to-earnings ratio of 28.03, a PEG ratio of 2.65 and a beta of 0.99. The company’s 50-day moving average is $40.37 and its two-hundred day moving average is $46.67. Chipotle Mexican Grill, Inc. has a 1-year low of $31.01 and a 1-year high of $66.74.

Chipotle Mexican Grill (NYSE:CMG) last posted its earnings results on Wednesday, October 29th. The restaurant operator reported $0.29 earnings per share for the quarter, meeting the consensus estimate of $0.29. The company had revenue of $3 billion for the quarter, compared to analyst estimates of $3.06 billion. Chipotle Mexican Grill had a net margin of 13.04% and a return on equity of 44.32%. Chipotle Mexican Grill’s revenue was up 7.5% on a year-over-year basis. During the same period in the previous year, the business posted $0.27 EPS. As a group, equities analysts anticipate that Chipotle Mexican Grill, Inc. will post 1.29 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of analysts have recently commented on the stock. Weiss Ratings reissued a “hold (c)” rating on shares of Chipotle Mexican Grill in a research note on Wednesday, October 8th. UBS Group set a $45.00 target price on shares of Chipotle Mexican Grill in a research note on Friday. Piper Sandler raised shares of Chipotle Mexican Grill from a “neutral” rating to an “overweight” rating and cut their target price for the stock from $53.00 to $50.00 in a research note on Tuesday, August 12th. Raymond James Financial reissued an “outperform” rating and set a $40.00 target price (down previously from $52.00) on shares of Chipotle Mexican Grill in a research note on Thursday. Finally, Evercore ISI cut their target price on shares of Chipotle Mexican Grill from $53.00 to $45.00 and set an “outperform” rating for the company in a research note on Thursday. Two research analysts have rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating and eleven have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $49.81.

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.