Chipotle Mexican Grill, Inc. $CMG Shares Acquired by Focus Partners Advisor Solutions LLC

Focus Partners Advisor Solutions LLC lifted its position in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) by 27.6% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 21,600 shares of the restaurant operator’s stock after acquiring an additional 4,668 shares during the period. Focus Partners Advisor Solutions LLC’s holdings in Chipotle Mexican Grill were worth $1,212,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Cloud Capital Management LLC acquired a new stake in shares of Chipotle Mexican Grill during the 1st quarter valued at approximately $25,000. Saudi Central Bank acquired a new stake in shares of Chipotle Mexican Grill during the 1st quarter valued at approximately $27,000. 1248 Management LLC acquired a new stake in shares of Chipotle Mexican Grill during the 1st quarter valued at approximately $27,000. Signature Resources Capital Management LLC acquired a new stake in shares of Chipotle Mexican Grill during the 2nd quarter valued at approximately $28,000. Finally, Oliver Lagore Vanvalin Investment Group acquired a new stake in Chipotle Mexican Grill in the second quarter worth $29,000. 91.30% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages have weighed in on CMG. Sanford C. Bernstein dropped their target price on Chipotle Mexican Grill from $65.00 to $60.00 and set an “outperform” rating on the stock in a research report on Thursday, October 2nd. BTIG Research reaffirmed a “buy” rating and issued a $57.00 target price on shares of Chipotle Mexican Grill in a research report on Friday, September 5th. Truist Financial dropped their target price 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. Guggenheim dropped their target price on Chipotle Mexican Grill from $47.00 to $46.00 and set a “neutral” rating on the stock in a research report on Friday, July 25th. Finally, Melius started coverage on Chipotle Mexican Grill in a research report on Monday, July 14th. They issued a “hold” rating and a $60.00 target price on the stock. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-one have given a Buy rating and nine have given a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $56.69.

Chipotle Mexican Grill Stock Down 0.4%

Shares of CMG stock opened at $41.02 on Tuesday. The stock has a 50-day simple moving average of $40.93 and a 200 day simple moving average of $47.03. Chipotle Mexican Grill, Inc. has a fifty-two week low of $38.30 and a fifty-two week high of $66.74. The stock has a market capitalization of $55.01 billion, a P/E ratio of 36.63, a P/E/G ratio of 2.50 and a beta of 0.99.

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.