Belpointe Asset Management LLC Buys 1,730 Shares of Chipotle Mexican Grill, Inc. $CMG

Belpointe Asset Management LLC boosted its stake in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) by 39.1% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 6,151 shares of the restaurant operator’s stock after purchasing an additional 1,730 shares during the period. Belpointe Asset Management LLC’s holdings in Chipotle Mexican Grill were worth $309,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in CMG. Cloud Capital Management LLC bought a new position in Chipotle Mexican Grill during the first quarter valued at approximately $25,000. Saudi Central Bank bought a new position in Chipotle Mexican Grill during the first quarter valued at approximately $27,000. HighMark Wealth Management LLC lifted its position in Chipotle Mexican Grill by 173.4% during the first quarter. HighMark Wealth Management LLC now owns 585 shares of the restaurant operator’s stock valued at $29,000 after purchasing an additional 371 shares during the period. North Capital Inc. bought a new position in Chipotle Mexican Grill during the first quarter valued at approximately $30,000. Finally, ORG Wealth Partners LLC bought a new position in Chipotle Mexican Grill during the first quarter valued at approximately $31,000. Institutional investors own 91.30% of the company’s stock.

Analyst Upgrades and Downgrades

CMG has been the topic of a number of research analyst reports. BMO Capital Markets upgraded shares of Chipotle Mexican Grill from a “market perform” rating to an “outperform” rating and increased their price objective for the company from $56.00 to $65.00 in a research report on Friday, July 18th. Robert W. Baird decreased their price target on shares of Chipotle Mexican Grill from $62.00 to $59.00 and set an “outperform” rating on the stock in a research report on Thursday, July 24th. Stephens reiterated an “equal weight” rating and issued a $60.00 price target on shares of Chipotle Mexican Grill in a research report on Thursday. Barclays decreased their price target on shares of Chipotle Mexican Grill from $55.00 to $53.00 and set an “equal weight” rating on the stock in a research report on Thursday, July 24th. Finally, Wells Fargo & Company decreased their price target on shares of 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. Two analysts have rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating and eight have issued a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $59.76.

Chipotle Mexican Grill Stock Performance

CMG opened at $38.65 on Monday. 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 $51.83 billion, a price-to-earnings ratio of 34.51, a PEG ratio of 1.97 and a beta of 1.02. The company has a fifty day moving average of $45.54 and a 200 day moving average of $49.08.

Chipotle Mexican Grill (NYSE:CMG) last issued its quarterly earnings data on Wednesday, July 23rd. The restaurant operator reported $0.33 EPS for the quarter, topping analysts’ consensus estimates of $0.32 by $0.01. Chipotle Mexican Grill had a net margin of 13.32% and a return on equity of 43.50%. The business had revenue of $3.06 billion during the quarter, compared to analysts’ expectations of $3.11 billion. During the same period last year, the company posted $0.34 EPS. The business’s revenue was up 3.0% on a year-over-year basis. On average, equities research analysts forecast that Chipotle Mexican Grill, Inc. will post 1.29 earnings per share for the current 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.