Chipotle Mexican Grill, Inc. $CMG Shares Acquired by Allworth Financial LP

Allworth Financial LP increased its holdings in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) by 8.9% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 37,437 shares of the restaurant operator’s stock after purchasing an additional 3,073 shares during the period. Allworth Financial LP’s holdings in Chipotle Mexican Grill were worth $2,102,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Signature Resources Capital Management LLC acquired a new stake in shares of Chipotle Mexican Grill during the second quarter worth about $28,000. Activest Wealth Management increased its position in Chipotle Mexican Grill by 109.3% in the 2nd quarter. Activest Wealth Management now owns 517 shares of the restaurant operator’s stock valued at $29,000 after acquiring an additional 270 shares during the period. Oliver Lagore Vanvalin Investment Group acquired a new position in Chipotle Mexican Grill in the 2nd quarter valued at about $29,000. 1248 Management LLC purchased a new stake in Chipotle Mexican Grill during the 1st quarter valued at approximately $27,000. Finally, Saudi Central Bank acquired a new stake in Chipotle Mexican Grill during the 1st quarter worth approximately $27,000. 91.30% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research firms have recently issued reports on CMG. Zacks Research lowered Chipotle Mexican Grill from a “hold” rating to a “strong sell” rating in a 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 company from $53.00 to $50.00 in a research report on Tuesday, August 12th. Sanford C. Bernstein restated an “outperform” rating and set a $40.00 price objective (down previously from $60.00) on shares of Chipotle Mexican Grill in a research report on Thursday, October 30th. JPMorgan Chase & Co. reduced their target price on shares of Chipotle Mexican Grill from $44.00 to $40.00 and set a “neutral” rating for the company in a research note on Thursday, October 30th. Finally, The Goldman Sachs Group reaffirmed a “buy” rating and issued a $45.00 target price (down previously from $52.00) on shares of Chipotle Mexican Grill in a report on Thursday, October 30th. Two 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 given a Sell rating to the company. Based on data from MarketBeat, Chipotle Mexican Grill currently has an average rating of “Moderate Buy” and a consensus target price of $49.81.

Chipotle Mexican Grill Trading Up 5.0%

CMG stock opened at $31.30 on Thursday. The firm has a 50 day moving average of $38.56 and a 200-day moving average of $45.67. The company 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 12-month low of $29.75 and a 12-month high of $66.74.

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

Chipotle Mexican Grill Company 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.