Fluent Financial LLC Makes New $1.05 Million Investment in Chipotle Mexican Grill, Inc. $CMG

Fluent Financial LLC bought a new position in Chipotle Mexican Grill, Inc. (NYSE:CMG) during the second quarter, HoldingsChannel.com reports. The fund bought 18,779 shares of the restaurant operator’s stock, valued at approximately $1,054,000.

Several other large investors have also recently modified their holdings of CMG. Cloud Capital Management LLC bought a new stake in Chipotle Mexican Grill during the 1st quarter valued at about $25,000. Saudi Central Bank purchased a new stake in shares of Chipotle Mexican Grill during the first quarter valued at approximately $27,000. 1248 Management LLC bought a new stake in shares of Chipotle Mexican Grill during the first quarter valued at approximately $27,000. Signature Resources Capital Management LLC purchased a new position in Chipotle Mexican Grill in the 2nd quarter worth approximately $28,000. Finally, HighMark Wealth Management LLC lifted its position 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 acquiring an additional 371 shares in the last quarter. Hedge funds and other institutional investors own 91.30% of the company’s stock.

Wall Street Analysts Forecast Growth

CMG has been the subject of a number of research analyst reports. Rothschild & Co Redburn raised 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. Robert W. Baird reduced their price objective on Chipotle Mexican Grill from $62.00 to $59.00 and set an “outperform” rating for the company in a report on Thursday, July 24th. Stephens restated an “equal weight” rating and set a $60.00 target price on shares of Chipotle Mexican Grill in a research note on Monday, September 29th. Weiss Ratings reiterated a “hold (c)” rating on shares of Chipotle Mexican Grill in a research note on Wednesday. Finally, UBS Group increased their price objective on shares of Chipotle Mexican Grill from $60.00 to $65.00 and gave the company a “buy” rating in a research report on Thursday, July 17th. Two analysts have rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating and nine have given a Hold rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $59.28.

Chipotle Mexican Grill Price Performance

Shares of Chipotle Mexican Grill stock opened at $41.00 on Thursday. Chipotle Mexican Grill, Inc. has a 1-year low of $38.30 and a 1-year high of $66.74. The company’s fifty day simple moving average is $41.28 and its 200-day simple moving average is $47.78. The stock has a market capitalization of $54.98 billion, a PE ratio of 36.61, a P/E/G ratio of 2.09 and a beta of 0.99.

Chipotle Mexican Grill (NYSE:CMG) last announced its earnings results 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 analysts’ expectations of $3.11 billion. During the same period last year, the firm earned $0.34 EPS. Chipotle Mexican Grill’s revenue for the quarter was up 3.0% compared to the same quarter last year. As a group, research analysts anticipate 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.