Equitable Holdings Inc. Makes New Investment in Chipotle Mexican Grill, Inc. $CMG

Equitable Holdings Inc. purchased a new position in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 333,908 shares of the restaurant operator’s stock, valued at approximately $11,353,000.

Several other institutional investors and hedge funds have also modified their holdings of CMG. Revolve Wealth Partners LLC increased its position in shares of Chipotle Mexican Grill by 4.7% during the fourth quarter. Revolve Wealth Partners LLC now owns 4,804 shares of the restaurant operator’s stock worth $290,000 after acquiring an additional 214 shares in the last quarter. Bison Wealth LLC bought a new stake in Chipotle Mexican Grill in the 4th quarter valued at $224,000. Empowered Funds LLC lifted its position in Chipotle Mexican Grill by 5.5% in the 1st quarter. Empowered Funds LLC now owns 26,460 shares of the restaurant operator’s stock valued at $1,329,000 after acquiring an additional 1,368 shares in the last quarter. Osterweis Capital Management Inc. lifted its position in Chipotle Mexican Grill by 7,176.0% in the 2nd quarter. Osterweis Capital Management Inc. now owns 1,819 shares of the restaurant operator’s stock valued at $102,000 after acquiring an additional 1,794 shares in the last quarter. Finally, Ieq Capital LLC boosted its stake in Chipotle Mexican Grill by 88.8% in the 2nd quarter. Ieq Capital LLC now owns 274,375 shares of the restaurant operator’s stock worth $15,406,000 after purchasing an additional 129,066 shares during the period. 91.30% of the stock is currently owned by institutional investors and hedge funds.

Chipotle Mexican Grill Stock Down 0.3%

CMG stock opened at $37.24 on Friday. The business has a 50 day moving average price of $34.21 and a two-hundred day moving average price of $33.91. The company has a market cap of $47.13 billion, a price-to-earnings ratio of 34.17, a P/E/G ratio of 2.38 and a beta of 0.94. Chipotle Mexican Grill, Inc. has a twelve month low of $28.03 and a twelve month high of $42.81.

Chipotle Mexican Grill (NYSE:CMG) last announced its quarterly earnings data on Wednesday, July 29th. The restaurant operator reported $0.33 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.32 by $0.01. The company had revenue of $3.35 billion for the quarter, compared to analysts’ expectations of $3.33 billion. Chipotle Mexican Grill had a return on equity of 54.65% and a net margin of 11.43%.The business’s revenue was up 9.3% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.33 EPS. On average, equities research analysts anticipate that Chipotle Mexican Grill, Inc. will post 1.14 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

CMG has been the subject of a number of research reports. Sanford C. Bernstein reiterated an “outperform” rating on shares of Chipotle Mexican Grill in a report on Friday, July 31st. Evercore restated an “outperform” rating and issued a $47.00 price target on shares of Chipotle Mexican Grill in a report on Thursday, July 30th. Barclays decreased their price objective on Chipotle Mexican Grill from $40.00 to $38.00 and set an “equal weight” rating for the company in a report on Thursday, April 30th. Citigroup dropped their target price on Chipotle Mexican Grill from $46.00 to $45.00 and set a “buy” rating on the stock in a research report on Monday, July 13th. Finally, Argus boosted their target price on Chipotle Mexican Grill from $40.00 to $45.00 and gave the company a “buy” rating in a research note on Tuesday, August 4th. Twenty-three analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $43.84.

Insider Transactions at Chipotle Mexican Grill

In other Chipotle Mexican Grill news, insider Matthew R. Bush sold 2,675 shares of the stock in a transaction on Friday, August 21st. The shares were sold at an average price of $35.75, for a total value of $95,631.25. Following the completion of the sale, the insider owned 21,415 shares in the company, valued at $765,586.25. This trade represents a 11.10% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Company insiders own 0.45% of the company’s stock.

Chipotle Mexican Grill Company Profile

Chipotle Mexican Grill is a fast-casual restaurant company known for its Mexican-inspired menu of burritos, bowls, tacos and salads. Founded in 1993 by Steve Ells, the chain emphasizes fresh, customizable meals made from a limited menu of core ingredients and a focus on ingredient quality. Chipotle operates primarily company-owned restaurants and offers dine-in, takeout, catering and delivery through its own digital platforms and third-party partners.

The company is headquartered in Newport Beach, California, and traces its roots to Denver, Colorado.