Atalanta Sosnoff Capital LLC Has $32.29 Million Holdings in Chipotle Mexican Grill, Inc. $CMG

Atalanta Sosnoff Capital LLC grew its position in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) by 12.3% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 574,986 shares of the restaurant operator’s stock after acquiring an additional 62,772 shares during the quarter. Atalanta Sosnoff Capital LLC’s holdings in Chipotle Mexican Grill were worth $32,285,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in CMG. Charles Schwab Investment Management Inc. increased its position in Chipotle Mexican Grill by 5.8% during the first quarter. Charles Schwab Investment Management Inc. now owns 8,979,637 shares of the restaurant operator’s stock worth $450,868,000 after buying an additional 491,002 shares during the last quarter. Corient IA LLC bought a new stake in Chipotle Mexican Grill in the 1st quarter valued at $753,000. Advisors Asset Management Inc. lifted its holdings in Chipotle Mexican Grill by 32.4% during the 1st quarter. Advisors Asset Management Inc. now owns 75,368 shares of the restaurant operator’s stock valued at $3,784,000 after purchasing an additional 18,458 shares during the last quarter. Hilltop National Bank bought a new position in Chipotle Mexican Grill during the second quarter worth $2,579,000. Finally, Banco Santander S.A. boosted its position in Chipotle Mexican Grill by 47.6% during the first quarter. Banco Santander S.A. now owns 31,764 shares of the restaurant operator’s stock worth $1,595,000 after purchasing an additional 10,246 shares during the period. 91.30% of the stock is owned by institutional investors.

Chipotle Mexican Grill Trading Up 4.1%

NYSE:CMG opened at $31.60 on Monday. The stock’s 50-day moving average is $37.35 and its 200-day moving average is $44.66. Chipotle Mexican Grill, Inc. has a 1-year low of $29.75 and a 1-year high of $66.74. The stock has a market cap of $41.78 billion, a P/E ratio of 27.96, a price-to-earnings-growth ratio of 2.65 and a beta of 0.98.

Chipotle Mexican Grill (NYSE:CMG) last released its quarterly earnings results on Wednesday, October 29th. The restaurant operator reported $0.29 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.29. The firm had revenue of $3 billion during the quarter, compared to the consensus estimate of $3.06 billion. Chipotle Mexican Grill had a net margin of 13.04% and a return on equity of 44.32%. The company’s revenue for the quarter was up 7.5% on a year-over-year basis. During the same quarter last year, the firm earned $0.27 earnings per share. As a group, equities analysts forecast that Chipotle Mexican Grill, Inc. will post 1.29 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the stock. Mizuho set a $34.00 price target on shares of Chipotle Mexican Grill in a report on Thursday, October 30th. Stephens decreased their target price on Chipotle Mexican Grill from $48.00 to $35.00 and set an “equal weight” rating on the stock in a research report on Thursday, October 30th. Morgan Stanley dropped their price target on Chipotle Mexican Grill from $59.00 to $50.00 and set an “overweight” rating for the company in a report on Thursday, October 30th. Northcoast Research downgraded Chipotle Mexican Grill from a “buy” rating to a “neutral” rating in a research note on Friday, October 31st. Finally, Sanford C. Bernstein reiterated 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. Two analysts have rated the stock with a Strong Buy rating, twenty-two have given a Buy rating, eleven have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, Chipotle Mexican Grill presently has a consensus rating of “Moderate Buy” and a consensus price target of $49.81.

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.