Financial Gravity Companies Inc. Makes New Investment in Chipotle Mexican Grill, Inc. $CMG

Financial Gravity Companies Inc. acquired a new position in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 49,726 shares of the restaurant operator’s stock, valued at approximately $2,792,000.

Several other institutional investors and hedge funds also recently made changes to their positions in CMG. Signature Resources Capital Management LLC bought a new stake in Chipotle Mexican Grill in the 2nd quarter valued at $28,000. Activest Wealth Management increased its position in Chipotle Mexican Grill by 109.3% during the 2nd quarter. Activest Wealth Management now owns 517 shares of the restaurant operator’s stock worth $29,000 after buying an additional 270 shares during the period. Oliver Lagore Vanvalin Investment Group acquired a new stake in shares of Chipotle Mexican Grill during the second quarter worth $29,000. 1248 Management LLC bought a new stake in shares of Chipotle Mexican Grill in the first quarter valued at about $27,000. Finally, Saudi Central Bank bought a new stake in shares of Chipotle Mexican Grill in the first quarter valued at about $27,000. Institutional investors and hedge funds own 91.30% of the company’s stock.

Chipotle Mexican Grill Price Performance

Shares of CMG opened at $31.55 on Friday. Chipotle Mexican Grill, Inc. has a one year low of $29.75 and a one year high of $66.74. The company has a market cap of $41.71 billion, a P/E ratio of 27.92, a P/E/G ratio of 2.65 and a beta of 0.98. The firm has a 50 day simple moving average of $38.17 and a two-hundred day simple moving average of $45.40.

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

Analyst Ratings Changes

A number of equities analysts recently commented on CMG shares. Rothschild Redb raised shares of Chipotle Mexican Grill from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, September 3rd. Northcoast Research cut shares of Chipotle Mexican Grill from a “buy” rating to a “neutral” rating in a report on Friday, October 31st. JPMorgan Chase & Co. dropped their price target on shares of Chipotle Mexican Grill from $44.00 to $40.00 and set a “neutral” rating for the company in a research report on Thursday, October 30th. Evercore ISI reduced their price target on Chipotle Mexican Grill from $53.00 to $45.00 and set an “outperform” rating on the stock in a research report on Thursday, October 30th. Finally, Piper Sandler upgraded Chipotle Mexican Grill from a “neutral” rating to an “overweight” rating and lowered their price objective for the stock from $53.00 to $50.00 in a research note on Tuesday, August 12th. Two research analysts have rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating, eleven have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $49.81.

About Chipotle Mexican Grill

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.