Chipotle Mexican Grill, Inc. $CMG Stock Holdings Increased by Cetera Investment Advisers

Cetera Investment Advisers increased its stake in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) by 12.1% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 447,941 shares of the restaurant operator’s stock after purchasing an additional 48,350 shares during the quarter. Cetera Investment Advisers’ holdings in Chipotle Mexican Grill were worth $14,339,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in CMG. Wealth Watch Advisors INC acquired a new position in Chipotle Mexican Grill in the 3rd quarter valued at approximately $25,000. MV Capital Management Inc. acquired a new stake in shares of Chipotle Mexican Grill during the 4th quarter valued at $26,000. Osbon Capital Management LLC acquired a new stake in shares of Chipotle Mexican Grill during the 4th quarter valued at $28,000. Merkkuri Wealth Advisors LLC purchased a new position in shares of Chipotle Mexican Grill during the 1st quarter valued at $28,000. Finally, Ankerstar Wealth LLC purchased a new position in shares of Chipotle Mexican Grill during the 4th quarter valued at $33,000. 91.30% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on CMG. Barclays cut their price objective on Chipotle Mexican Grill from $40.00 to $38.00 and set an “equal weight” rating for the company in a report on Thursday, April 30th. Royal Bank Of Canada restated an “outperform” rating and issued a $45.00 target price on shares of Chipotle Mexican Grill in a research note on Thursday, April 30th. JPMorgan Chase & Co. raised Chipotle Mexican Grill from a “neutral” rating to an “overweight” rating and dropped their target price for the stock from $38.00 to $35.00 in a research report on Friday, June 5th. Stephens raised their price target on Chipotle Mexican Grill from $38.00 to $39.00 and gave the stock an “equal weight” rating in a research note on Thursday, April 30th. Finally, Weiss Ratings lowered Chipotle Mexican Grill from a “hold (c-)” rating to a “sell (d+)” rating in a report on Friday. Twenty-three research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $43.86.

Chipotle Mexican Grill Stock Up 1.0%

Shares of CMG opened at $33.55 on Wednesday. The company’s fifty day moving average is $32.62 and its 200-day moving average is $34.64. Chipotle Mexican Grill, Inc. has a 12 month low of $28.03 and a 12 month high of $44.83. The firm has a market cap of $43.03 billion, a price-to-earnings ratio of 30.78, a price-to-earnings-growth ratio of 2.17 and a beta of 0.97.

Chipotle Mexican Grill (NYSE:CMG) last released its quarterly earnings data on Wednesday, April 29th. The restaurant operator reported $0.24 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.24. The business had revenue of $3.09 billion during the quarter, compared to analyst estimates of $3.07 billion. Chipotle Mexican Grill had a net margin of 11.96% and a return on equity of 49.64%. Chipotle Mexican Grill’s quarterly revenue was up 7.4% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.29 EPS. As a group, research analysts predict that Chipotle Mexican Grill, Inc. will post 1.13 earnings per share for the current fiscal year.

Chipotle Mexican Grill Profile

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.