134,781 Shares in Chipotle Mexican Grill, Inc. $CMG Acquired by ABN Amro Investment Solutions

ABN Amro Investment Solutions purchased a new position in Chipotle Mexican Grill, Inc. (NYSE:CMG) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 134,781 shares of the restaurant operator’s stock, valued at approximately $7,568,000.

Several other institutional investors also recently modified their holdings of CMG. Revolve Wealth Partners LLC raised its position in shares of Chipotle Mexican Grill by 4.7% during the fourth quarter. Revolve Wealth Partners LLC now owns 4,804 shares of the restaurant operator’s stock worth $290,000 after purchasing an additional 214 shares during the period. Bison Wealth LLC purchased a new position in Chipotle Mexican Grill in the 4th quarter worth about $224,000. Alps Advisors Inc. increased its stake in Chipotle Mexican Grill by 16.8% in the 1st quarter. Alps Advisors Inc. now owns 7,233 shares of the restaurant operator’s stock worth $363,000 after purchasing an additional 1,039 shares in the last quarter. Stephens Inc. AR raised its holdings in Chipotle Mexican Grill by 69.9% during the 1st quarter. Stephens Inc. AR now owns 15,459 shares of the restaurant operator’s stock worth $776,000 after buying an additional 6,362 shares during the period. Finally, CWM LLC lifted its stake in Chipotle Mexican Grill by 11.4% during the first quarter. CWM LLC now owns 58,529 shares of the restaurant operator’s stock valued at $2,939,000 after buying an additional 6,004 shares in the last quarter. Institutional investors own 91.30% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on CMG. BTIG Research dropped their target price on shares of Chipotle Mexican Grill from $57.00 to $45.00 and set a “buy” rating on the stock in a research report on Thursday, October 30th. Piper Sandler upgraded shares of Chipotle Mexican Grill from a “neutral” rating to an “overweight” rating and lowered their price objective for the stock from $53.00 to $50.00 in a research report on Tuesday, August 12th. Truist Financial cut their target price on shares of Chipotle Mexican Grill from $53.00 to $45.00 and set a “buy” rating on the stock in a research note on Thursday, October 30th. Citigroup decreased their target price on Chipotle Mexican Grill from $68.00 to $62.00 and set a “buy” rating for the company in a research report on Thursday, July 24th. Finally, Morgan Stanley dropped their price target on Chipotle Mexican Grill from $59.00 to $50.00 and set an “overweight” rating on the stock in a research report on Thursday, October 30th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating, eleven have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $49.81.

Chipotle Mexican Grill Trading Up 5.0%

CMG opened at $31.30 on Thursday. The stock has a market cap of $41.39 billion, a price-to-earnings ratio of 27.70, a PEG ratio of 2.65 and a beta of 0.98. Chipotle Mexican Grill, Inc. has a 1 year low of $29.75 and a 1 year high of $66.74. The stock has a fifty day moving average price of $38.56 and a 200 day moving average price of $45.67.

Chipotle Mexican Grill (NYSE:CMG) last issued its earnings results on Wednesday, October 29th. The restaurant operator reported $0.29 earnings per share for the quarter, hitting the consensus estimate of $0.29. Chipotle Mexican Grill had a return on equity of 44.32% and a net margin of 13.04%.The company had revenue of $3 billion for the quarter, compared to analyst estimates of $3.06 billion. During the same period in the prior year, the firm posted $0.27 EPS. The business’s revenue was up 7.5% compared to the same quarter last year. As a group, sell-side analysts forecast that Chipotle Mexican Grill, Inc. will post 1.29 earnings per share for the current fiscal year.

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.