Chipotle Mexican Grill, Inc. $CMG Shares Acquired by CHURCHILL MANAGEMENT Corp

CHURCHILL MANAGEMENT Corp increased its holdings in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) by 0.8% during the second quarter, HoldingsChannel reports. The institutional investor owned 229,286 shares of the restaurant operator’s stock after acquiring an additional 1,819 shares during the period. CHURCHILL MANAGEMENT Corp’s holdings in Chipotle Mexican Grill were worth $12,874,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Cloud Capital Management LLC acquired a new position in Chipotle Mexican Grill during the first quarter worth $25,000. Saudi Central Bank purchased a new stake in shares of Chipotle Mexican Grill during the first quarter worth about $27,000. 1248 Management LLC acquired a new position in shares of Chipotle Mexican Grill during the 1st quarter worth about $27,000. Signature Resources Capital Management LLC purchased a new position in Chipotle Mexican Grill in the 2nd quarter valued at about $28,000. Finally, HighMark Wealth Management LLC lifted its stake in Chipotle Mexican Grill by 173.4% in the 1st quarter. HighMark Wealth Management LLC now owns 585 shares of the restaurant operator’s stock valued at $29,000 after buying an additional 371 shares in the last quarter. Institutional investors and hedge funds own 91.30% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have commented on CMG shares. UBS Group increased their target price on Chipotle Mexican Grill from $60.00 to $65.00 and gave the company a “buy” rating in a report on Thursday, July 17th. Stephens reissued an “equal weight” rating and issued a $60.00 price objective on shares of Chipotle Mexican Grill in a research note on Monday. Melius assumed coverage on Chipotle Mexican Grill in a report on Monday, July 14th. They issued a “hold” rating and a $60.00 price objective on the stock. Rothschild & Co Redburn raised shares of Chipotle Mexican Grill from a “neutral” rating to a “buy” rating and set a $55.00 target price for the company in a report on Wednesday, September 3rd. Finally, KeyCorp reduced their target price on shares of Chipotle Mexican Grill from $60.00 to $58.00 and set an “overweight” rating for the company in a research report on Thursday, July 24th. Two analysts have rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating and eight have assigned a Hold rating to the company. According to data from MarketBeat.com, Chipotle Mexican Grill currently has a consensus rating of “Moderate Buy” and an average price target of $59.76.

Chipotle Mexican Grill Stock Down 0.6%

Shares of CMG opened at $38.96 on Thursday. Chipotle Mexican Grill, Inc. has a 52-week low of $38.30 and a 52-week high of $66.74. The stock has a fifty day simple moving average of $41.68 and a two-hundred day simple moving average of $48.04. The company has a market capitalization of $52.23 billion, a PE ratio of 34.78, a price-to-earnings-growth ratio of 2.00 and a beta of 0.99.

Chipotle Mexican Grill (NYSE:CMG) last announced its quarterly earnings results on Wednesday, July 23rd. The restaurant operator reported $0.33 earnings per share for the quarter, beating the consensus estimate of $0.32 by $0.01. Chipotle Mexican Grill had a net margin of 13.32% and a return on equity of 43.50%. The firm had revenue of $3.06 billion for the quarter, compared to analysts’ expectations of $3.11 billion. During the same quarter in the previous year, the company posted $0.34 EPS. The company’s revenue was up 3.0% compared to the same quarter last year. As a group, equities analysts anticipate that Chipotle Mexican Grill, Inc. will post 1.29 earnings per share 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.