Ameritas Advisory Services LLC Has $1.05 Million Stake in Chipotle Mexican Grill, Inc. $CMG

Ameritas Advisory Services LLC trimmed its position in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) by 35.6% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 18,639 shares of the restaurant operator’s stock after selling 10,325 shares during the quarter. Ameritas Advisory Services LLC’s holdings in Chipotle Mexican Grill were worth $1,047,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Signature Resources Capital Management LLC purchased a new stake in Chipotle Mexican Grill in the 2nd quarter valued at $28,000. Cloud Capital Management LLC purchased a new stake in Chipotle Mexican Grill in the 1st quarter valued at $25,000. Oliver Lagore Vanvalin Investment Group purchased a new stake in Chipotle Mexican Grill in the 2nd quarter valued at $29,000. 1248 Management LLC purchased a new stake in Chipotle Mexican Grill in the 1st quarter valued at $27,000. Finally, Saudi Central Bank bought a new position in Chipotle Mexican Grill in the 1st quarter valued at $27,000. 91.30% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on CMG. Rothschild & Co Redburn upgraded Chipotle Mexican Grill from a “neutral” rating to a “buy” rating and set a $55.00 price objective for the company in a research note on Wednesday, September 3rd. Melius began coverage on Chipotle Mexican Grill in a research note on Monday, July 14th. They issued a “hold” rating and a $60.00 price objective for the company. BTIG Research restated a “buy” rating and issued a $57.00 price objective on shares of Chipotle Mexican Grill in a research note on Friday, September 5th. TD Securities restated a “buy” rating and issued a $57.00 price objective on shares of Chipotle Mexican Grill in a research note on Wednesday, June 18th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Chipotle Mexican Grill in a research note on Saturday, September 27th. Two analysts have rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating and nine have issued a Hold rating to the stock. Based on data from MarketBeat, Chipotle Mexican Grill presently has a consensus rating of “Moderate Buy” and a consensus price target of $59.41.

Chipotle Mexican Grill Stock Up 3.7%

Shares of NYSE CMG opened at $41.78 on Friday. Chipotle Mexican Grill, Inc. has a 52 week low of $38.30 and a 52 week high of $66.74. The business has a 50-day simple moving average of $41.47 and a two-hundred day simple moving average of $47.93. The company has a market cap of $56.02 billion, a P/E ratio of 37.30, a P/E/G ratio of 2.13 and a beta of 0.99.

Chipotle Mexican Grill (NYSE:CMG) last issued its earnings results on Wednesday, July 23rd. The restaurant operator reported $0.33 EPS for the quarter, topping the consensus estimate of $0.32 by $0.01. Chipotle Mexican Grill had a return on equity of 43.50% and a net margin of 13.32%.The business had revenue of $3.06 billion during the quarter, compared to the consensus estimate of $3.11 billion. During the same quarter last year, the company earned $0.34 EPS. The firm’s revenue was up 3.0% compared to the same quarter last year. Equities research analysts anticipate that Chipotle Mexican Grill, Inc. will post 1.29 EPS for the current year.

Chipotle Mexican Grill Profile

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.