Chipotle Mexican Grill, Inc. $CMG Shares Acquired by F m Investments LLC

F m Investments LLC raised its holdings in Chipotle Mexican Grill, Inc. (NYSE:CMG) by 137.2% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 283,726 shares of the restaurant operator’s stock after purchasing an additional 164,112 shares during the period. F m Investments LLC’s holdings in Chipotle Mexican Grill were worth $15,931,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Ascent Group LLC boosted its holdings in Chipotle Mexican Grill by 3.5% in the 2nd quarter. Ascent Group LLC now owns 5,752 shares of the restaurant operator’s stock worth $323,000 after buying an additional 193 shares during the last quarter. E. Ohman J or Asset Management AB increased its stake in shares of Chipotle Mexican Grill by 0.3% in the 2nd quarter. E. Ohman J or Asset Management AB now owns 59,234 shares of the restaurant operator’s stock worth $3,326,000 after acquiring an additional 194 shares during the last quarter. Occidental Asset Management LLC grew its holdings in shares of Chipotle Mexican Grill by 2.8% in the second quarter. Occidental Asset Management LLC now owns 7,257 shares of the restaurant operator’s stock valued at $407,000 after purchasing an additional 195 shares during the period. Perennial Advisors LLC grew its holdings in shares of Chipotle Mexican Grill by 3.1% in the second quarter. Perennial Advisors LLC now owns 6,667 shares of the restaurant operator’s stock valued at $374,000 after purchasing an additional 200 shares during the period. Finally, Quent Capital LLC raised its stake in Chipotle Mexican Grill by 2.0% during the second quarter. Quent Capital LLC now owns 10,555 shares of the restaurant operator’s stock worth $593,000 after purchasing an additional 208 shares during the period. 91.30% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of brokerages have recently issued reports on CMG. KeyCorp cut their price target on shares of Chipotle Mexican Grill from $52.00 to $45.00 and set an “overweight” rating for the company in a report on Thursday, October 30th. Weiss Ratings reiterated a “hold (c)” rating on shares of Chipotle Mexican Grill in a report on Wednesday, October 8th. Northcoast Research lowered shares of Chipotle Mexican Grill from a “buy” rating to a “neutral” rating in a report on Friday, October 31st. TD Cowen lowered their target price on shares of Chipotle Mexican Grill from $45.00 to $40.00 and set a “buy” rating for the company in a research note on Thursday, October 30th. Finally, Truist Financial lowered their price objective on shares of Chipotle Mexican Grill from $53.00 to $45.00 and set a “buy” rating for the company in a research report on Thursday, October 30th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-two have given a Buy rating, eleven have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $49.81.

Chipotle Mexican Grill Stock Performance

NYSE:CMG opened at $33.93 on Friday. The stock has a market cap of $44.86 billion, a P/E ratio of 30.03, a P/E/G ratio of 2.65 and a beta of 0.98. Chipotle Mexican Grill, Inc. has a 1 year low of $29.75 and a 1 year high of $66.74. The stock has a 50-day simple moving average of $36.85 and a 200-day simple moving average of $44.26.

Chipotle Mexican Grill (NYSE:CMG) last posted its earnings results on Wednesday, October 29th. The restaurant operator reported $0.29 EPS for the quarter, meeting analysts’ consensus estimates of $0.29. The firm had revenue of $3 billion for the quarter, compared to the consensus estimate of $3.06 billion. Chipotle Mexican Grill had a net margin of 13.04% and a return on equity of 44.32%. The company’s revenue was up 7.5% on a year-over-year basis. During the same period last year, the firm posted $0.27 EPS. On average, equities research analysts predict that Chipotle Mexican Grill, Inc. will post 1.29 EPS for the current year.

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.