Carderock Capital Management Inc. Has $5.41 Million Stake in Chipotle Mexican Grill, Inc. $CMG

Carderock Capital Management Inc. reduced its position in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) by 18.3% in the 1st quarter, HoldingsChannel.com reports. The firm owned 107,722 shares of the restaurant operator’s stock after selling 24,208 shares during the quarter. Carderock Capital Management Inc.’s holdings in Chipotle Mexican Grill were worth $5,409,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in the company. Cloud Capital Management LLC acquired a new stake in shares of Chipotle Mexican Grill during the first quarter worth $25,000. Saudi Central Bank acquired a new position in shares of Chipotle Mexican Grill in the first quarter valued at about $27,000. HighMark Wealth Management LLC increased its position in Chipotle Mexican Grill by 173.4% during the first quarter. HighMark Wealth Management LLC now owns 585 shares of the restaurant operator’s stock worth $29,000 after acquiring an additional 371 shares during the period. North Capital Inc. acquired a new stake in Chipotle Mexican Grill in the 1st quarter worth about $30,000. Finally, ORG Wealth Partners LLC bought a new stake in Chipotle Mexican Grill in the 1st quarter valued at about $31,000. 91.30% of the stock is currently owned by institutional investors.

Chipotle Mexican Grill Price Performance

NYSE CMG opened at $38.73 on Thursday. The business has a fifty day moving average price of $46.28 and a two-hundred day moving average price of $49.31. Chipotle Mexican Grill, Inc. has a fifty-two week low of $38.50 and a fifty-two week high of $66.74. The stock has a market capitalization of $51.93 billion, a PE ratio of 34.58, a PEG ratio of 2.01 and a beta of 1.02.

Chipotle Mexican Grill (NYSE:CMG) last issued its quarterly earnings results on Wednesday, July 23rd. The restaurant operator reported $0.33 earnings per share (EPS) for the quarter, beating 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 company had revenue of $3.06 billion for the quarter, compared to analyst estimates of $3.11 billion. During the same quarter last year, the company posted $0.34 EPS. The company’s revenue for the quarter was up 3.0% compared to the same quarter last year. As a group, sell-side analysts expect that Chipotle Mexican Grill, Inc. will post 1.29 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on CMG. Melius began coverage on shares of Chipotle Mexican Grill in a report on Monday, July 14th. They set a “hold” rating and a $60.00 target price on the stock. Stephens reissued an “equal weight” rating and set a $60.00 price target on shares of Chipotle Mexican Grill in a research report on Thursday, July 24th. BMO Capital Markets upgraded Chipotle Mexican Grill from a “market perform” rating to an “outperform” rating and raised their price objective for the stock from $56.00 to $65.00 in a research note on Friday, July 18th. Piper Sandler upgraded Chipotle Mexican Grill from a “neutral” rating to an “overweight” rating and cut their target price for the company from $53.00 to $50.00 in a research report on Tuesday, August 12th. Finally, Wells Fargo & Company reduced their target price on Chipotle Mexican Grill from $65.00 to $60.00 and set an “overweight” rating on the stock in a report on Thursday, July 24th. Two research analysts have rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating and eight have assigned a Hold rating to the company. Based on data from MarketBeat.com, Chipotle Mexican Grill has a consensus rating of “Moderate Buy” and an average target price of $59.76.

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.