Integrity Alliance LLC. Makes New Investment in Chipotle Mexican Grill, Inc. $CMG

Integrity Alliance LLC. bought a new position in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 5,138 shares of the restaurant operator’s stock, valued at approximately $258,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in CMG. Vanguard Group Inc. raised its position in shares of Chipotle Mexican Grill by 1.3% during the first quarter. Vanguard Group Inc. now owns 122,463,327 shares of the restaurant operator’s stock worth $6,148,884,000 after purchasing an additional 1,597,287 shares during the period. Price T Rowe Associates Inc. MD raised its position 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 during the period. Alliancebernstein L.P. raised its position 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 during the period. American Century Companies Inc. raised its position 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 during the period. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its position 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 during the period. Institutional investors own 91.30% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on the company. KeyCorp dropped their price target on Chipotle Mexican Grill from $60.00 to $58.00 and set an “overweight” rating on the stock in a research report on Thursday, July 24th. BTIG Research reaffirmed a “buy” rating and set a $57.00 price target on shares of Chipotle Mexican Grill in a research report on Friday, September 5th. TD Cowen dropped their price target on Chipotle Mexican Grill from $61.00 to $58.00 and set a “buy” rating on the stock in a research report on Wednesday, July 23rd. Wells Fargo & Company dropped their target price on Chipotle Mexican Grill from $65.00 to $60.00 and set an “overweight” rating on the stock in a research report on Thursday, July 24th. Finally, Raymond James Financial dropped their target price on Chipotle Mexican Grill from $60.00 to $56.00 and set an “outperform” rating on the stock in a research report on Friday, August 15th. Two research analysts have rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating and eight have assigned a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $59.76.

Chipotle Mexican Grill Trading Down 0.8%

Shares of NYSE CMG opened at $38.65 on Friday. Chipotle Mexican Grill, Inc. has a 12 month low of $38.30 and a 12 month high of $66.74. The stock has a 50 day moving average of $45.54 and a 200-day moving average of $49.10. The company has a market capitalization of $51.83 billion, a P/E ratio of 34.51, a P/E/G ratio of 1.98 and a beta of 1.02.

Chipotle Mexican Grill (NYSE:CMG) last released its quarterly earnings results on Wednesday, July 23rd. The restaurant operator reported $0.33 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.32 by $0.01. The business had revenue of $3.06 billion during the quarter, compared to the consensus estimate of $3.11 billion. Chipotle Mexican Grill had a return on equity of 43.50% and a net margin of 13.32%.The firm’s quarterly revenue was up 3.0% on a year-over-year basis. During the same period in the previous year, the company posted $0.34 EPS. Analysts predict that Chipotle Mexican Grill, Inc. will post 1.29 EPS for the current fiscal year.

Chipotle Mexican Grill 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.