Baltimore Washington Financial Advisors Inc. Buys 25,921 Shares of Chipotle Mexican Grill, Inc. $CMG

Baltimore Washington Financial Advisors Inc. raised its stake in Chipotle Mexican Grill, Inc. (NYSE:CMG) by 5.7% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 483,679 shares of the restaurant operator’s stock after buying an additional 25,921 shares during the period. Chipotle Mexican Grill comprises about 1.3% of Baltimore Washington Financial Advisors Inc.’s investment portfolio, making the stock its 28th biggest position. Baltimore Washington Financial Advisors Inc.’s holdings in Chipotle Mexican Grill were worth $27,159,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

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

Chipotle Mexican Grill Trading Up 1.6%

Shares of CMG opened at $33.93 on Thursday. Chipotle Mexican Grill, Inc. has a 1-year low of $29.75 and a 1-year high of $66.74. The firm’s 50-day moving average price is $36.97 and its 200-day moving average price is $44.33. The firm has a market capitalization of $44.86 billion, a price-to-earnings ratio of 30.03, a PEG 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, hitting analysts’ consensus estimates of $0.29. The company 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%. Chipotle Mexican Grill’s revenue was up 7.5% on a year-over-year basis. During the same period in the prior year, the firm earned $0.27 earnings per share. On average, research analysts forecast that Chipotle Mexican Grill, Inc. will post 1.29 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

CMG has been the subject of several analyst reports. Mizuho set a $34.00 target price on Chipotle Mexican Grill in a report on Thursday, October 30th. Raymond James Financial reissued an “outperform” rating and set a $40.00 price objective (down previously from $52.00) on shares of Chipotle Mexican Grill in a research note on Thursday, October 30th. Northcoast Research cut shares of Chipotle Mexican Grill from a “buy” rating to a “neutral” rating in a report on Friday, October 31st. Truist Financial lowered their price target on shares of Chipotle Mexican Grill from $53.00 to $45.00 and set a “buy” rating for the company in a report on Thursday, October 30th. Finally, Wells Fargo & Company dropped their price target on shares of Chipotle Mexican Grill from $55.00 to $45.00 and set an “overweight” rating for the company in a research report on Thursday, October 30th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating, eleven have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price 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.