Independent Financial Group LLC Makes New Investment in Chipotle Mexican Grill, Inc. $CMG

Independent Financial Group LLC purchased a new position in Chipotle Mexican Grill, Inc. (NYSE:CMG) in the 1st quarter, Holdings Channel reports. The firm purchased 25,391 shares of the restaurant operator’s stock, valued at approximately $813,000.

Several other hedge funds have also recently modified their holdings of CMG. Revolve Wealth Partners LLC raised its position in Chipotle Mexican Grill by 4.7% in the 4th quarter. Revolve Wealth Partners LLC now owns 4,804 shares of the restaurant operator’s stock worth $290,000 after buying an additional 214 shares during the last quarter. Bison Wealth LLC bought a new position in Chipotle Mexican Grill during the 4th quarter valued at about $224,000. Empowered Funds LLC boosted its holdings in shares of Chipotle Mexican Grill by 5.5% during 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 during the last quarter. Osterweis Capital Management Inc. boosted its holdings in shares of Chipotle Mexican Grill by 7,176.0% during 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 during the last quarter. Finally, Ieq Capital LLC grew its stake in shares of Chipotle Mexican Grill by 88.8% in the second quarter. Ieq Capital LLC now owns 274,375 shares of the restaurant operator’s stock worth $15,406,000 after acquiring an additional 129,066 shares during the period. Hedge funds and other institutional investors own 91.30% of the company’s stock.

Chipotle Mexican Grill Stock Up 0.6%

Shares of NYSE:CMG opened at $33.33 on Wednesday. The firm’s 50 day moving average price is $32.63 and its 200-day moving average price is $34.84. Chipotle Mexican Grill, Inc. has a twelve month low of $28.03 and a twelve month high of $53.03. The stock has a market capitalization of $42.75 billion, a PE ratio of 30.58, a price-to-earnings-growth ratio of 2.17 and a beta of 0.97.

Chipotle Mexican Grill (NYSE:CMG) last posted its quarterly earnings data on Wednesday, April 29th. The restaurant operator reported $0.24 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.24. The company had revenue of $3.09 billion for the quarter, compared to the consensus estimate of $3.07 billion. Chipotle Mexican Grill had a net margin of 11.96% and a return on equity of 49.64%. The firm’s revenue was up 7.4% compared to the same quarter last year. During the same quarter last year, the firm posted $0.29 earnings per share. Analysts expect that Chipotle Mexican Grill, Inc. will post 1.13 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on CMG. Morgan Stanley set a $37.00 price objective on shares of Chipotle Mexican Grill and gave the company an “equal weight” rating in a report on Wednesday, June 3rd. Zacks Research raised shares of Chipotle Mexican Grill from a “strong sell” rating to a “hold” rating in a research report on Friday, April 17th. Argus upgraded shares of Chipotle Mexican Grill from a “hold” rating to a “buy” rating and set a $40.00 target price for the company in a research note on Tuesday, May 5th. Guggenheim decreased their target price on shares of Chipotle Mexican Grill from $36.00 to $35.00 and set a “neutral” rating for the company in a research note on Friday, May 1st. Finally, Barclays lowered their price target on Chipotle Mexican Grill from $40.00 to $38.00 and set an “equal weight” rating on the stock in a report on Thursday, April 30th. Twenty-three investment analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $43.86.

Key Stories Impacting Chipotle Mexican Grill

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

• Positive Sentiment: Some recent commentary remains bullish, with an analyst-style view that Chipotle could rebound as economic conditions improve and the market refocuses on its longer-term growth story. I’d Buy More Chipotle Mexican Grill Before the Market Figures Out What It’s Missing
• Neutral Sentiment: Chipotle’s COO Jason Kidd highlighted the company’s culture and leadership pipeline in a Business Insider interview, but the piece is more about recruiting and career advice than a direct business catalyst. The Chipotle COO’s job involves taste-testing guacamole. He has a simple hack for finding your dream job.
• Neutral Sentiment: Recent coverage noted that U.S. regulators walked back a false-positive test tied to a lettuce investigation, which may ease some of the broader restaurant-sector food-safety anxiety that has been weighing on restaurant stocks, including CMG. Yum! Brands faces Taco Bell traffic hit from Taylor Farms lettuce scare
• Neutral Sentiment: Another article said Chipotle’s decline reflected broader market weakness in discretionary stocks, pre-earnings positioning, and concerns about slower same-store sales and margin pressure rather than a single new company-specific issue. Why Chipotle Mexican Grill (CMG) Stock Is Down Today
• Negative Sentiment: Chipotle has also been mentioned in headlines about sector-wide food-safety concerns hitting Taco Bell traffic, which has spilled over to restaurant peers and added to investor caution around CMG. YUM, CMG, SG Stocks Slide — Taco Bell Traffic Reportedly Takes A Hit After Parasite Outbreak, Dragging Restaurant Peers Lower

About Chipotle Mexican Grill

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.