Resources Management Corp CT ADV Acquires 24,686 Shares of Chipotle Mexican Grill, Inc. $CMG

Resources Management Corp CT ADV increased its holdings in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) by 625.9% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 28,630 shares of the restaurant operator’s stock after purchasing an additional 24,686 shares during the quarter. Resources Management Corp CT ADV’s holdings in Chipotle Mexican Grill were worth $1,059,000 as of its most recent filing with the SEC.

A number of other large investors have also bought and sold shares of CMG. Capital World Investors increased its stake in Chipotle Mexican Grill by 122.7% during the 3rd quarter. Capital World Investors now owns 87,844,788 shares of the restaurant operator’s stock worth $3,442,645,000 after purchasing an additional 48,398,628 shares in the last quarter. Norges Bank bought a new stake in Chipotle Mexican Grill during the 4th quarter worth approximately $711,837,000. Vanguard Group Inc. increased its stake in Chipotle Mexican Grill by 14.8% during the 4th quarter. Vanguard Group Inc. now owns 144,588,220 shares of the restaurant operator’s stock worth $5,349,764,000 after purchasing an additional 18,660,882 shares in the last quarter. Capital International Investors increased its stake in Chipotle Mexican Grill by 42.4% during the 3rd quarter. Capital International Investors now owns 38,497,927 shares of the restaurant operator’s stock worth $1,509,043,000 after purchasing an additional 11,471,658 shares in the last quarter. Finally, Clearbridge Investments LLC increased its stake in Chipotle Mexican Grill by 206.4% during the 4th quarter. Clearbridge Investments LLC now owns 14,062,158 shares of the restaurant operator’s stock worth $520,300,000 after purchasing an additional 9,473,120 shares in the last quarter. 91.30% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of research firms recently issued reports on CMG. Stifel Nicolaus reissued a “buy” rating on shares of Chipotle Mexican Grill in a research note on Monday, March 9th. Guggenheim reduced their price target on 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. DA Davidson assumed coverage on Chipotle Mexican Grill in a research report on Friday, March 6th. They set a “buy” rating and a $51.00 price target for the company. Piper Sandler reduced their price target on Chipotle Mexican Grill from $44.00 to $42.00 and set an “overweight” rating for the company in a research report on Thursday, April 30th. Finally, Weiss Ratings downgraded Chipotle Mexican Grill from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Wednesday, May 20th. Twenty-four analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $45.48.

Chipotle Mexican Grill Stock Down 0.1%

NYSE:CMG opened at $32.20 on Monday. Chipotle Mexican Grill, Inc. has a twelve month low of $28.03 and a twelve month high of $58.42. The business has a 50 day moving average price of $32.75 and a two-hundred day moving average price of $35.22. The company has a market cap of $41.30 billion, a P/E ratio of 29.54, a price-to-earnings-growth ratio of 2.07 and a beta of 0.99.

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

About Chipotle Mexican Grill

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.