Chipotle Mexican Grill, Inc. $CMG Shares Acquired by Carnegie Investment Counsel

Carnegie Investment Counsel increased its stake in Chipotle Mexican Grill, Inc. (NYSE:CMG) by 2.7% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 92,985 shares of the restaurant operator’s stock after acquiring an additional 2,456 shares during the quarter. Carnegie Investment Counsel’s holdings in Chipotle Mexican Grill were worth $5,221,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Charles Schwab Investment Management Inc. grew its holdings in shares of Chipotle Mexican Grill by 5.8% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 8,979,637 shares of the restaurant operator’s stock worth $450,868,000 after acquiring an additional 491,002 shares during the last quarter. Corient IA LLC acquired a new position in shares of Chipotle Mexican Grill in the 1st quarter worth $753,000. Advisors Asset Management Inc. grew its holdings in shares of Chipotle Mexican Grill by 32.4% in the 1st quarter. Advisors Asset Management Inc. now owns 75,368 shares of the restaurant operator’s stock worth $3,784,000 after acquiring an additional 18,458 shares during the last quarter. Hilltop National Bank acquired a new position in shares of Chipotle Mexican Grill in the 2nd quarter worth $2,579,000. Finally, Banco Santander S.A. grew its holdings in shares of Chipotle Mexican Grill by 47.6% in the 1st quarter. Banco Santander S.A. now owns 31,764 shares of the restaurant operator’s stock worth $1,595,000 after acquiring an additional 10,246 shares during the last quarter. 91.30% of the stock is currently owned by institutional investors and hedge funds.

Chipotle Mexican Grill Price Performance

Shares of NYSE CMG opened at $41.18 on Friday. The business’s 50-day moving average price is $40.98 and its two-hundred day moving average price is $47.12. Chipotle Mexican Grill, Inc. has a one year low of $38.30 and a one year high of $66.74. The company has a market capitalization of $55.22 billion, a P/E ratio of 36.77, a price-to-earnings-growth ratio of 2.53 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, 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 firm had revenue of $3.06 billion for the quarter, compared to the consensus estimate of $3.11 billion. During the same quarter in the previous year, the company posted $0.34 earnings per share. The business’s quarterly revenue was up 3.0% compared to the same quarter last year. On average, equities analysts anticipate that Chipotle Mexican Grill, Inc. will post 1.29 EPS for the current year.

Wall Street Analysts Forecast Growth

CMG has been the topic of a number of research analyst reports. Raymond James Financial reiterated an “outperform” rating and set a $52.00 price target (down previously from $56.00) on shares of Chipotle Mexican Grill in a report on Thursday, October 16th. Citigroup lowered their price target on Chipotle Mexican Grill from $68.00 to $62.00 and set a “buy” rating on the stock in a report on Thursday, July 24th. Robert W. Baird lowered their price target on Chipotle Mexican Grill from $59.00 to $49.00 and set an “outperform” rating on the stock in a report on Friday, October 10th. Sanford C. Bernstein lowered their price target on Chipotle Mexican Grill from $65.00 to $60.00 and set an “outperform” rating on the stock in a report on Thursday, October 2nd. Finally, Rothschild & Co Redburn upgraded Chipotle Mexican Grill from a “neutral” rating to a “buy” rating and set a $55.00 price target on the stock in a report on Wednesday, September 3rd. Two research analysts have rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating and nine have issued a Hold rating to the stock. According to MarketBeat, Chipotle Mexican Grill presently has an average rating of “Moderate Buy” and an average target price of $56.69.

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.