Chipotle Mexican Grill, Inc. $CMG Position Boosted by Maple Capital Management Inc.

Maple Capital Management Inc. increased its holdings in Chipotle Mexican Grill, Inc. (NYSE:CMG) by 5.3% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 330,664 shares of the restaurant operator’s stock after buying an additional 16,537 shares during the quarter. Chipotle Mexican Grill comprises 1.3% of Maple Capital Management Inc.’s portfolio, making the stock its 27th largest holding. Maple Capital Management Inc.’s holdings in Chipotle Mexican Grill were worth $16,603,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in CMG. Nuveen LLC bought a new position in Chipotle Mexican Grill in the 1st quarter worth approximately $535,023,000. Goldman Sachs Group Inc. grew its holdings in Chipotle Mexican Grill by 98.1% in the 1st quarter. Goldman Sachs Group Inc. now owns 9,900,521 shares of the restaurant operator’s stock worth $497,105,000 after buying an additional 4,903,969 shares in the last quarter. Montrusco Bolton Investments Inc. grew its holdings in Chipotle Mexican Grill by 5,319.7% in the 1st quarter. Montrusco Bolton Investments Inc. now owns 4,848,990 shares of the restaurant operator’s stock worth $235,580,000 after buying an additional 4,759,520 shares in the last quarter. Price T Rowe Associates Inc. MD grew its holdings in Chipotle Mexican Grill by 7.6% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 56,827,332 shares of the restaurant operator’s stock worth $2,853,302,000 after buying an additional 4,027,016 shares in the last quarter. Finally, Manning & Napier Advisors LLC bought a new position in Chipotle Mexican Grill in the 1st quarter worth approximately $127,892,000. 91.30% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on CMG. JPMorgan Chase & Co. cut their target price on Chipotle Mexican Grill from $58.00 to $54.00 and set a “neutral” rating for the company in a research report on Thursday, May 29th. TD Securities restated a “buy” rating and issued a $57.00 target price on shares of Chipotle Mexican Grill in a research report on Wednesday, June 18th. BMO Capital Markets upgraded Chipotle Mexican Grill from a “market perform” rating to an “outperform” rating and upped their target price for the stock from $56.00 to $65.00 in a research report on Friday, July 18th. Melius began coverage on Chipotle Mexican Grill in a research report on Monday, July 14th. They issued a “hold” rating and a $60.00 target price for the company. Finally, Raymond James Financial cut their target price on Chipotle Mexican Grill from $60.00 to $56.00 and set an “outperform” rating for the company in a research report on Friday, August 15th. Two analysts have rated the stock with a Strong Buy rating, twenty-one have given a Buy rating and eight have assigned a Hold rating to the company’s stock. According to MarketBeat, Chipotle Mexican Grill presently has a consensus rating of “Moderate Buy” and a consensus price target of $59.76.

Chipotle Mexican Grill Stock Performance

Shares of NYSE:CMG opened at $38.93 on Friday. Chipotle Mexican Grill, Inc. has a one year low of $38.30 and a one year high of $66.74. The stock has a fifty day moving average of $45.91 and a 200-day moving average of $49.23. The company has a market capitalization of $52.20 billion, a PE ratio of 34.76, a price-to-earnings-growth ratio of 1.97 and a beta of 1.02.

Chipotle Mexican Grill (NYSE:CMG) last announced its quarterly earnings data on Wednesday, July 23rd. The restaurant operator reported $0.33 EPS for the quarter, beating analysts’ consensus estimates 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 during the quarter, compared to the consensus estimate of $3.11 billion. During the same quarter in the prior year, the firm earned $0.34 EPS. The company’s quarterly revenue was up 3.0% compared to the same quarter last year. As a group, research analysts forecast that Chipotle Mexican Grill, Inc. will post 1.29 EPS for the current fiscal year.

About Chipotle Mexican Grill

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.