Chipotle Mexican Grill, Inc. $CMG Shares Purchased by SVB Wealth LLC

SVB Wealth LLC raised its holdings in Chipotle Mexican Grill, Inc. (NYSE:CMG) by 96.9% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 42,192 shares of the restaurant operator’s stock after buying an additional 20,760 shares during the period. SVB Wealth LLC’s holdings in Chipotle Mexican Grill were worth $1,561,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Swiss Life Asset Management Ltd boosted its position in Chipotle Mexican Grill by 7.6% in the 4th quarter. Swiss Life Asset Management Ltd now owns 301,846 shares of the restaurant operator’s stock valued at $11,168,000 after buying an additional 21,253 shares during the period. NewEdge Wealth LLC boosted its position in Chipotle Mexican Grill by 9.0% in the 4th quarter. NewEdge Wealth LLC now owns 22,576 shares of the restaurant operator’s stock valued at $835,000 after buying an additional 1,861 shares during the period. Stiles Financial Services Inc boosted its position in Chipotle Mexican Grill by 5.8% in the 4th quarter. Stiles Financial Services Inc now owns 14,938 shares of the restaurant operator’s stock valued at $553,000 after buying an additional 820 shares during the period. Washington Trust Advisors Inc. boosted its position in Chipotle Mexican Grill by 8.1% in the 4th quarter. Washington Trust Advisors Inc. now owns 28,950 shares of the restaurant operator’s stock valued at $1,071,000 after buying an additional 2,168 shares during the period. Finally, Farmers & Merchants Investments Inc. boosted its position in Chipotle Mexican Grill by 235.6% in the 4th quarter. Farmers & Merchants Investments Inc. now owns 3,020 shares of the restaurant operator’s stock valued at $112,000 after buying an additional 2,120 shares during the period. Hedge funds and other institutional investors own 91.30% of the company’s stock.

Chipotle Mexican Grill Trading Down 1.7%

Chipotle Mexican Grill stock opened at $31.94 on Tuesday. The company has a fifty day simple moving average of $33.90 and a 200-day simple moving average of $35.57. Chipotle Mexican Grill, Inc. has a 12-month low of $29.75 and a 12-month high of $58.42. The stock has a market cap of $40.97 billion, a P/E ratio of 29.30, a price-to-earnings-growth ratio of 2.09 and a beta of 1.03.

Chipotle Mexican Grill (NYSE:CMG) last announced its quarterly earnings results on Wednesday, April 29th. The restaurant operator reported $0.24 EPS for the quarter, hitting the consensus estimate of $0.24. The firm had revenue of $3.09 billion for the quarter, compared to analyst estimates of $3.07 billion. Chipotle Mexican Grill had a net margin of 11.96% and a return on equity of 49.64%. Chipotle Mexican Grill’s revenue for the quarter was up 7.4% compared to the same quarter last year. During the same period last year, the business earned $0.29 EPS. As a group, sell-side analysts forecast that Chipotle Mexican Grill, Inc. will post 1.13 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

CMG has been the subject of several recent research reports. Barclays decreased their price target on shares of Chipotle Mexican Grill from $40.00 to $38.00 and set an “equal weight” rating for the company in a research report on Thursday, April 30th. Telsey Advisory Group decreased their price target on shares of Chipotle Mexican Grill from $50.00 to $48.00 and set an “outperform” rating for the company in a research report on Wednesday, February 4th. Stephens raised their price target on shares of Chipotle Mexican Grill from $38.00 to $39.00 and gave the company an “equal weight” rating in a research report on Thursday, April 30th. Guggenheim decreased their price target on shares of Chipotle Mexican Grill from $36.00 to $35.00 and set a “neutral” rating for the company in a research report on Friday, May 1st. Finally, Wells Fargo & Company decreased their price target on shares of Chipotle Mexican Grill from $50.00 to $45.00 and set an “overweight” rating for the company in a research report on Wednesday, February 4th. Twenty-four research analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Chipotle Mexican Grill has an average rating of “Moderate Buy” and an average price target of $46.03.

Chipotle Mexican Grill Profile

Chipotle Mexican Grill is a fast-casual restaurant company known for its Mexican-inspired menu of burritos, bowls, tacos and salads. Founded in 1993 by Steve Ells, the chain emphasizes fresh, customizable meals made from a limited menu of core ingredients and a focus on ingredient quality. Chipotle operates primarily company-owned restaurants and offers dine-in, takeout, catering and delivery through its own digital platforms and third-party partners.

The company is headquartered in Newport Beach, California, and traces its roots to Denver, Colorado.