Maple Capital Management Inc. Purchases 24,672 Shares of Chipotle Mexican Grill, Inc. $CMG

Maple Capital Management Inc. raised its position in Chipotle Mexican Grill, Inc. (NYSE:CMG) by 7.5% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 355,336 shares of the restaurant operator’s stock after purchasing an additional 24,672 shares during the quarter. Chipotle Mexican Grill accounts for approximately 1.4% of Maple Capital Management Inc.’s holdings, making the stock its 26th biggest holding. Maple Capital Management Inc.’s holdings in Chipotle Mexican Grill were worth $19,952,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of CMG. Signature Resources Capital Management LLC purchased a new stake in shares of Chipotle Mexican Grill in the second quarter worth approximately $28,000. Activest Wealth Management boosted its holdings in Chipotle Mexican Grill by 109.3% during the 2nd quarter. Activest Wealth Management now owns 517 shares of the restaurant operator’s stock valued at $29,000 after acquiring an additional 270 shares during the period. Oliver Lagore Vanvalin Investment Group bought a new position in Chipotle Mexican Grill in the 2nd quarter valued at $29,000. 1248 Management LLC purchased a new stake in Chipotle Mexican Grill in the first quarter worth $27,000. Finally, Saudi Central Bank purchased a new stake in Chipotle Mexican Grill in the first quarter worth $27,000. Hedge funds and other institutional investors own 91.30% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on CMG shares. Raymond James Financial reissued an “outperform” rating and issued a $40.00 price objective (down from $52.00) on shares of Chipotle Mexican Grill in a research report on Thursday, October 30th. Robert W. Baird lowered their price target on Chipotle Mexican Grill from $59.00 to $49.00 and set an “outperform” rating for the company in a report on Friday, October 10th. Zacks Research cut Chipotle Mexican Grill from a “hold” rating to a “strong sell” rating in a research note on Thursday, October 30th. UBS Group set a $45.00 price objective on Chipotle Mexican Grill in a report on Friday, October 31st. Finally, Rothschild & Co Redburn upgraded 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. Two analysts have rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating, eleven have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Chipotle Mexican Grill presently has an average rating of “Moderate Buy” and an average price target of $49.81.

Chipotle Mexican Grill Stock Performance

Shares of NYSE CMG opened at $29.78 on Wednesday. Chipotle Mexican Grill, Inc. has a fifty-two week low of $29.75 and a fifty-two week high of $66.74. The company has a market cap of $39.38 billion, a PE ratio of 26.35, a P/E/G ratio of 2.65 and a beta of 0.98. The business has a 50-day simple moving average of $38.77 and a two-hundred day simple moving average of $45.77.

Chipotle Mexican Grill (NYSE:CMG) last announced its quarterly earnings data on Wednesday, October 29th. The restaurant operator reported $0.29 EPS for the quarter, meeting the consensus estimate of $0.29. Chipotle Mexican Grill had a net margin of 13.04% and a return on equity of 44.32%. The firm had revenue of $3 billion during the quarter, compared to analyst estimates of $3.06 billion. During the same period last year, the firm posted $0.27 EPS. Chipotle Mexican Grill’s revenue was up 7.5% on a year-over-year basis. On average, sell-side analysts predict that Chipotle Mexican Grill, Inc. will post 1.29 earnings per share for the current fiscal year.

Chipotle Mexican Grill Company 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.