Chipotle Mexican Grill, Inc. $CMG Shares Bought by Aviso Financial Inc.

Aviso Financial Inc. raised its holdings in Chipotle Mexican Grill, Inc. (NYSE:CMG) by 21.3% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 20,687 shares of the restaurant operator’s stock after purchasing an additional 3,629 shares during the quarter. Aviso Financial Inc.’s holdings in Chipotle Mexican Grill were worth $1,162,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in CMG. Signature Resources Capital Management LLC acquired a new position in shares of Chipotle Mexican Grill during the 2nd quarter worth $28,000. Activest Wealth Management raised its position in Chipotle Mexican Grill by 109.3% during the second quarter. Activest Wealth Management now owns 517 shares of the restaurant operator’s stock worth $29,000 after acquiring an additional 270 shares during the last quarter. Oliver Lagore Vanvalin Investment Group purchased a new stake in shares of Chipotle Mexican Grill in the second quarter valued at about $29,000. 1248 Management LLC acquired a new stake in shares of Chipotle Mexican Grill in the first quarter valued at approximately $27,000. Finally, Saudi Central Bank purchased a new position in shares of Chipotle Mexican Grill during the 1st quarter worth approximately $27,000. Institutional investors and hedge funds own 91.30% of the company’s stock.

Chipotle Mexican Grill Trading Up 7.0%

CMG opened at $33.38 on Wednesday. Chipotle Mexican Grill, Inc. has a twelve month low of $29.75 and a twelve month high of $66.74. The firm has a market cap of $44.14 billion, a price-to-earnings ratio of 29.54, a PEG ratio of 2.65 and a beta of 0.98. The company has a fifty day simple moving average of $37.08 and a 200 day simple moving average of $44.40.

Chipotle Mexican Grill (NYSE:CMG) last posted 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 for the quarter, compared to analysts’ expectations of $3.06 billion. Chipotle Mexican Grill had a net margin of 13.04% and a return on equity of 44.32%. The firm’s quarterly revenue was up 7.5% on a year-over-year basis. During the same period in the prior year, the company posted $0.27 earnings per share. On average, analysts forecast that Chipotle Mexican Grill, Inc. will post 1.29 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research firms have issued reports on CMG. BTIG Research decreased their price target on shares of Chipotle Mexican Grill from $57.00 to $45.00 and set a “buy” rating on the stock in a research note on Thursday, October 30th. The Goldman Sachs Group restated a “buy” rating and set a $45.00 target price (down previously from $52.00) on shares of Chipotle Mexican Grill in a research report on Thursday, October 30th. Zacks Research downgraded Chipotle Mexican Grill from a “hold” rating to a “strong sell” rating in a report on Thursday, October 30th. KeyCorp reduced their price target on Chipotle Mexican Grill from $52.00 to $45.00 and set an “overweight” rating on the stock in a research note on Thursday, October 30th. Finally, Piper Sandler raised 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. Two investment analysts have rated the stock with a Strong Buy rating, twenty-two have given a Buy rating, eleven have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock 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.