Appleton Partners Inc. MA Increases Stock Position in Chipotle Mexican Grill, Inc. $CMG

Appleton Partners Inc. MA raised its position in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) by 0.2% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 206,791 shares of the restaurant operator’s stock after buying an additional 475 shares during the period. Appleton Partners Inc. MA’s holdings in Chipotle Mexican Grill were worth $11,611,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Charles Schwab Investment Management Inc. boosted its position in Chipotle Mexican Grill by 5.8% during 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 buying an additional 491,002 shares during the period. Corient IA LLC purchased a new stake in Chipotle Mexican Grill during the 1st quarter valued at $753,000. Advisors Asset Management Inc. boosted its position in Chipotle Mexican Grill by 32.4% during the 1st 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. Banco Santander S.A. boosted its position in Chipotle Mexican Grill by 47.6% during the 1st quarter. Banco Santander S.A. now owns 31,764 shares of the restaurant operator’s stock valued at $1,595,000 after buying an additional 10,246 shares during the period. Finally, Hilltop National Bank purchased a new stake in shares of Chipotle Mexican Grill in the 2nd quarter worth about $2,579,000. Hedge funds and other institutional investors own 91.30% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently commented on CMG shares. TD Securities reaffirmed a “buy” rating and issued a $57.00 target price on shares of Chipotle Mexican Grill in a research report on Wednesday, June 18th. Wells Fargo & Company decreased their price target on shares of Chipotle Mexican Grill from $65.00 to $60.00 and set an “overweight” rating for the company in a research note on Thursday, July 24th. Rothschild Redb upgraded shares of Chipotle Mexican Grill from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, September 3rd. Raymond James Financial decreased their price target on shares of Chipotle Mexican Grill from $60.00 to $56.00 and set an “outperform” rating for the company in a research note on Friday, August 15th. Finally, TD Cowen reiterated a “buy” rating and issued a $58.00 price target on shares of Chipotle Mexican Grill in a research note on Friday, September 19th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-one have given a Buy rating and nine have issued a Hold rating to the company. According to data from MarketBeat.com, Chipotle Mexican Grill presently has an average rating of “Moderate Buy” and an average price target of $59.41.

Chipotle Mexican Grill Stock Performance

NYSE:CMG opened at $41.78 on Monday. The firm 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, Inc. has a fifty-two week low of $38.30 and a fifty-two week high of $66.74. The firm has a 50-day simple moving average of $41.47 and a two-hundred day simple moving average of $47.92.

Chipotle Mexican Grill (NYSE:CMG) last released its quarterly earnings data on Wednesday, July 23rd. The restaurant operator reported $0.33 earnings per share for the quarter, beating analysts’ consensus estimates of $0.32 by $0.01. The business had revenue of $3.06 billion during the quarter, compared to analyst estimates of $3.11 billion. Chipotle Mexican Grill had a net margin of 13.32% and a return on equity of 43.50%. Chipotle Mexican Grill’s revenue was up 3.0% compared to the same quarter last year. During the same period last year, the business earned $0.34 EPS. On average, equities research analysts predict that Chipotle Mexican Grill, Inc. will post 1.29 EPS for the current year.

Chipotle Mexican Grill Company 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.