Yousif Capital Management LLC trimmed its position in Chipotle Mexican Grill, Inc. (NYSE:CMG – Free Report) by 1.4% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 165,607 shares of the restaurant operator’s stock after selling 2,338 shares during the period. Yousif Capital Management LLC’s holdings in Chipotle Mexican Grill were worth $9,299,000 at the end of the most recent reporting period.
Several other institutional investors also recently bought and sold shares of CMG. Nuveen LLC acquired a new stake in Chipotle Mexican Grill in the 1st quarter worth about $535,023,000. Goldman Sachs Group Inc. boosted 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 during the last quarter. Montrusco Bolton Investments Inc. boosted 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 during the last quarter. Price T Rowe Associates Inc. MD boosted 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 during the last quarter. Finally, Manning & Napier Advisors LLC acquired a new stake in Chipotle Mexican Grill in the 1st quarter worth about $127,892,000. 91.30% of the stock is currently owned by institutional investors and hedge funds.
Analyst Ratings Changes
CMG has been the topic of several research analyst reports. Robert W. Baird lowered their price objective on Chipotle Mexican Grill from $59.00 to $49.00 and set an “outperform” rating on the stock in a report on Friday. KeyCorp lowered their target price on Chipotle Mexican Grill from $60.00 to $58.00 and set an “overweight” rating on the stock in a report on Thursday, July 24th. Barclays lowered their target price on Chipotle Mexican Grill from $55.00 to $53.00 and set an “equal weight” rating on the stock in a report on Thursday, July 24th. Rothschild & Co Redburn upgraded Chipotle Mexican Grill from a “neutral” rating to a “buy” rating and set a $55.00 target price on the stock in a report on Wednesday, September 3rd. Finally, BTIG Research restated a “buy” rating and set a $57.00 price objective on shares of Chipotle Mexican Grill in a research report on Friday, September 5th. 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 company. According to MarketBeat, Chipotle Mexican Grill currently has a consensus rating of “Moderate Buy” and an average price target of $58.31.
Chipotle Mexican Grill Stock Performance
CMG stock opened at $40.91 on Tuesday. The firm has a market cap of $54.85 billion, a PE ratio of 36.52, a PEG ratio of 2.04 and a beta of 0.99. The firm’s 50 day moving average price is $41.15 and its 200-day moving average price is $47.55. Chipotle Mexican Grill, Inc. has a one year low of $38.30 and a one year high of $66.74.
Chipotle Mexican Grill (NYSE:CMG – Get Free Report) last released its quarterly earnings results on Wednesday, July 23rd. The restaurant operator reported $0.33 EPS for the quarter, beating the consensus estimate of $0.32 by $0.01. The firm had revenue of $3.06 billion for the quarter, compared to analyst estimates of $3.11 billion. Chipotle Mexican Grill had a net margin of 13.32% and a return on equity of 43.50%. The business’s revenue for the quarter was up 3.0% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.34 EPS. Equities research analysts predict 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.
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