Accuvest Global Advisors Makes New $980,000 Investment in Chipotle Mexican Grill, Inc. $CMG

Accuvest Global Advisors acquired a new stake in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 25,000 shares of the restaurant operator’s stock, valued at approximately $980,000.

Several other hedge funds have also recently made changes to their positions in the company. Operose Advisors LLC acquired a new position in Chipotle Mexican Grill in the 2nd quarter worth about $25,000. Lavaca Capital LLC purchased a new stake in shares of Chipotle Mexican Grill in the second quarter valued at approximately $28,000. Twin Peaks Wealth Advisors LLC acquired a new position in shares of Chipotle Mexican Grill during the 2nd quarter worth approximately $34,000. Evolution Wealth Management Inc. purchased a new position in shares of Chipotle Mexican Grill during the 2nd quarter valued at approximately $34,000. Finally, Salomon & Ludwin LLC acquired a new stake in Chipotle Mexican Grill in the 3rd quarter valued at $26,000. 91.30% of the stock is owned by institutional investors and hedge funds.

Chipotle Mexican Grill Trading Down 1.4%

Shares of CMG stock opened at $36.70 on Tuesday. Chipotle Mexican Grill, Inc. has a twelve month low of $29.75 and a twelve month high of $58.42. The company’s 50-day moving average price is $38.47 and its 200-day moving average price is $38.02. The stock has a market cap of $47.79 billion, a price-to-earnings ratio of 32.19, a PEG ratio of 2.29 and a beta of 0.99.

Chipotle Mexican Grill (NYSE:CMG) last issued its earnings results on Tuesday, February 3rd. The restaurant operator reported $0.25 EPS for the quarter, topping analysts’ consensus estimates of $0.24 by $0.01. Chipotle Mexican Grill had a net margin of 12.88% and a return on equity of 47.99%. The company had revenue of $2.98 billion for the quarter, compared to the consensus estimate of $2.96 billion. During the same period in the previous year, the firm earned $0.25 earnings per share. Chipotle Mexican Grill’s quarterly revenue was up 4.9% compared to the same quarter last year. As a group, equities research analysts predict that Chipotle Mexican Grill, Inc. will post 1.29 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on CMG shares. Weiss Ratings restated a “hold (c-)” rating on shares of Chipotle Mexican Grill in a research report on Monday, December 29th. Gordon Haskett lowered shares of Chipotle Mexican Grill from a “strong-buy” rating to a “hold” rating in a research note on Thursday, January 8th. UBS Group reiterated a “buy” rating on shares of Chipotle Mexican Grill in a research note on Monday, January 26th. The Goldman Sachs Group restated a “buy” rating on shares of Chipotle Mexican Grill in a research report on Thursday, December 18th. Finally, Stifel Nicolaus dropped their price target on Chipotle Mexican Grill from $50.00 to $45.00 and set a “buy” rating for the company in a research report on Wednesday, February 4th. Twenty-two equities research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Chipotle Mexican Grill presently has an average rating of “Moderate Buy” and an average price target of $47.24.

About Chipotle Mexican Grill

Chipotle Mexican Grill is a fast-casual restaurant company known for its Mexican-inspired menu of burritos, bowls, tacos and salads. Founded in 1993 by Steve Ells, the chain emphasizes fresh, customizable meals made from a limited menu of core ingredients and a focus on ingredient quality. Chipotle operates primarily company-owned restaurants and offers dine-in, takeout, catering and delivery through its own digital platforms and third-party partners.

The company is headquartered in Newport Beach, California, and traces its roots to Denver, Colorado.