Lido Advisors LLC Purchases 12,584 Shares of Chipotle Mexican Grill, Inc. $CMG

Lido Advisors LLC grew its position in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) by 9.8% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 140,921 shares of the restaurant operator’s stock after purchasing an additional 12,584 shares during the period. Lido Advisors LLC’s holdings in Chipotle Mexican Grill were worth $7,913,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the business. Norges Bank bought a new position in Chipotle Mexican Grill in the 2nd quarter worth about $1,001,668,000. Nuveen LLC bought a new stake in Chipotle Mexican Grill in the first quarter valued at approximately $535,023,000. Sustainable Growth Advisers LP purchased a new stake in shares of Chipotle Mexican Grill during the second quarter valued at approximately $597,031,000. Goldman Sachs Group Inc. grew its holdings in shares of Chipotle Mexican Grill by 98.1% in the first quarter. Goldman Sachs Group Inc. now owns 9,900,521 shares of the restaurant operator’s stock worth $497,105,000 after purchasing an additional 4,903,969 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD increased its stake in shares of Chipotle Mexican Grill by 7.6% in the first 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 period. Institutional investors own 91.30% of the company’s stock.

Chipotle Mexican Grill Trading Down 0.7%

Shares of Chipotle Mexican Grill stock opened at $34.27 on Tuesday. Chipotle Mexican Grill, Inc. has a 12 month low of $29.75 and a 12 month high of $66.74. The firm has a market capitalization of $45.31 billion, a P/E ratio of 30.33, a P/E/G ratio of 2.65 and a beta of 0.98. The business has a fifty day simple moving average of $36.64 and a two-hundred day simple moving average of $43.92.

Chipotle Mexican Grill (NYSE:CMG) last issued its quarterly earnings results on Wednesday, October 29th. The restaurant operator reported $0.29 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.29. The company had revenue of $3 billion during the quarter, compared to analyst estimates of $3.06 billion. Chipotle Mexican Grill had a net margin of 13.04% and a return on equity of 44.32%. Chipotle Mexican Grill’s quarterly revenue was up 7.5% compared to the same quarter last year. During the same period last year, the business earned $0.27 EPS. Analysts predict that Chipotle Mexican Grill, Inc. will post 1.29 earnings per share for the current year.

Wall Street Analyst Weigh In

Several brokerages have weighed in on CMG. TD Cowen dropped their price target on shares of Chipotle Mexican Grill from $45.00 to $40.00 and set a “buy” rating for the company in a research report on Thursday, October 30th. BMO Capital Markets reiterated an “outperform” rating on shares of Chipotle Mexican Grill in a report on Thursday, October 30th. Rothschild Redb raised Chipotle Mexican Grill from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, September 3rd. Sanford C. Bernstein reaffirmed an “outperform” rating and set a $40.00 price target (down previously from $60.00) on shares of Chipotle Mexican Grill in a research report on Thursday, October 30th. Finally, Robert W. Baird dropped their price target on Chipotle Mexican Grill from $59.00 to $49.00 and set an “outperform” rating for the company in a research note on Friday, October 10th. Two research analysts have rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating, eleven have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $49.81.

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.