Foster Victor Wealth Advisors LLC Purchases 62,923 Shares of Chipotle Mexican Grill, Inc. $CMG

Foster Victor Wealth Advisors LLC boosted its position in shares of Chipotle Mexican Grill, Inc. (NYSE:CMGFree Report) by 42.9% in the third quarter, Holdings Channel reports. The firm owned 209,431 shares of the restaurant operator’s stock after purchasing an additional 62,923 shares during the period. Foster Victor Wealth Advisors LLC’s holdings in Chipotle Mexican Grill were worth $8,746,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of CMG. Operose Advisors LLC acquired a new position in shares of Chipotle Mexican Grill in the 2nd quarter valued at $25,000. Saudi Central Bank acquired a new stake in Chipotle Mexican Grill during the 1st quarter worth $27,000. 1248 Management LLC bought a new position in Chipotle Mexican Grill during the first quarter worth about $27,000. Signature Resources Capital Management LLC bought a new position in Chipotle Mexican Grill during the second quarter worth about $28,000. Finally, Lavaca Capital LLC acquired a new position in Chipotle Mexican Grill in the second quarter valued at about $28,000. 91.30% of the stock is currently owned by institutional investors and hedge funds.

Chipotle Mexican Grill Stock Performance

Shares of Chipotle Mexican Grill stock opened at $37.64 on Friday. The firm has a market cap of $49.77 billion, a PE ratio of 33.31, a P/E/G ratio of 3.84 and a beta of 0.99. The business’s 50 day simple moving average is $35.22 and its 200 day simple moving average is $42.44. Chipotle Mexican Grill, Inc. has a 52-week low of $29.75 and a 52-week high of $62.88.

Chipotle Mexican Grill (NYSE:CMGGet Free Report) last released its quarterly earnings results on Wednesday, October 29th. The restaurant operator reported $0.29 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.29. Chipotle Mexican Grill had a return on equity of 45.39% and a net margin of 13.04%.The firm had revenue of $3 billion during the quarter, compared to the consensus estimate of $3.06 billion. During the same quarter in the prior year, the firm posted $0.27 EPS. The business’s revenue was up 7.5% on a year-over-year basis. As a group, equities research analysts predict that Chipotle Mexican Grill, Inc. will post 1.29 EPS for the current year.

Key Stores Impacting Chipotle Mexican Grill

Here are the key news stories impacting Chipotle Mexican Grill this week:

Analyst Upgrades and Downgrades

Several brokerages have issued reports on CMG. BMO Capital Markets restated an “outperform” rating on shares of Chipotle Mexican Grill in a report on Thursday, October 30th. Mizuho set a $34.00 price objective on Chipotle Mexican Grill in a research report on Thursday, October 30th. Northcoast Research cut Chipotle Mexican Grill from a “buy” rating to a “neutral” rating in a research note on Friday, October 31st. Morgan Stanley dropped their target price on shares of Chipotle Mexican Grill from $59.00 to $50.00 and set an “overweight” rating on the stock in a report on Thursday, October 30th. Finally, Royal Bank Of Canada cut their price target on shares of Chipotle Mexican Grill from $58.00 to $40.00 and set an “outperform” rating on the stock in a research note 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 given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $49.81.

View Our Latest Research Report on Chipotle Mexican Grill

About Chipotle Mexican Grill

(Free Report)

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.

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Institutional Ownership by Quarter for Chipotle Mexican Grill (NYSE:CMG)

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