Chipotle Mexican Grill, Inc. $CMG Shares Bought by Kestra Investment Management LLC

Kestra Investment Management LLC lifted its position in Chipotle Mexican Grill, Inc. (NYSE:CMG) by 158.3% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 4,184 shares of the restaurant operator’s stock after acquiring an additional 2,564 shares during the quarter. Kestra Investment Management LLC’s holdings in Chipotle Mexican Grill were worth $210,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Charles Schwab Investment Management Inc. grew its position 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 in the last quarter. Corient IA LLC bought a new stake in shares of Chipotle Mexican Grill in the 1st quarter worth approximately $753,000. Advisors Asset Management Inc. lifted 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 purchasing an additional 18,458 shares during the last quarter. Banco Santander S.A. lifted 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 purchasing an additional 10,246 shares during the last quarter. Finally, Community Trust & Investment Co. bought a new stake in shares of Chipotle Mexican Grill in the 1st quarter worth approximately $7,773,000. Institutional investors and hedge funds own 91.30% of the company’s stock.

Chipotle Mexican Grill Stock Performance

CMG opened at $39.47 on Wednesday. Chipotle Mexican Grill, Inc. has a one year low of $39.23 and a one year high of $66.74. The stock’s fifty day moving average is $46.64 and its 200-day moving average is $49.39. The company has a market capitalization of $52.92 billion, a PE ratio of 35.24, a P/E/G ratio of 2.02 and a beta of 1.02.

Chipotle Mexican Grill (NYSE:CMG) last posted its quarterly earnings data on Wednesday, July 23rd. The restaurant operator reported $0.33 EPS for the quarter, topping 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 for the quarter, compared to the consensus estimate of $3.11 billion. During the same quarter in the previous year, the business earned $0.34 EPS. The company’s quarterly revenue was up 3.0% compared to the same quarter last year. On average, equities research analysts forecast that Chipotle Mexican Grill, Inc. will post 1.29 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts recently issued reports on CMG shares. Wells Fargo & Company cut their price target 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. UBS Group raised their price target on Chipotle Mexican Grill from $60.00 to $65.00 and gave the stock a “buy” rating in a report on Thursday, July 17th. Robert W. Baird cut their price target on Chipotle Mexican Grill from $62.00 to $59.00 and set an “outperform” rating on the stock in a report on Thursday, July 24th. Citigroup cut 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. Finally, JPMorgan Chase & Co. cut their price target on Chipotle Mexican Grill from $58.00 to $54.00 and set a “neutral” rating on the stock in a report on Thursday, May 29th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-one have given a Buy rating and eight have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $59.76.

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.