OneDigital Investment Advisors LLC Acquires New Stake in Chipotle Mexican Grill, Inc. $CMG

OneDigital Investment Advisors LLC acquired a new stake in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) in the 2nd quarter, HoldingsChannel reports. The institutional investor acquired 17,564 shares of the restaurant operator’s stock, valued at approximately $597,000.

Other large investors have also bought and sold shares of the company. Wealth Watch Advisors INC bought a new stake in shares of Chipotle Mexican Grill in the third quarter valued at $25,000. MV Capital Management Inc. bought a new position in shares of Chipotle Mexican Grill during the 4th quarter worth $26,000. Osbon Capital Management LLC bought a new position in shares of Chipotle Mexican Grill during the 4th quarter worth $28,000. Merkkuri Wealth Advisors LLC purchased a new stake in Chipotle Mexican Grill in the 1st quarter worth about $28,000. Finally, Kelleher Financial Advisors purchased a new stake in Chipotle Mexican Grill in the 2nd quarter worth about $28,000. 91.30% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on CMG shares. TD Cowen restated a “buy” rating and issued a $44.00 price objective on shares of Chipotle Mexican Grill in a research note on Thursday, July 30th. Stephens reiterated a “positive” rating and issued a $40.00 target price (up from $36.00) on shares of Chipotle Mexican Grill in a research note on Thursday, July 30th. Weiss Ratings upgraded shares of Chipotle Mexican Grill from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Friday, August 7th. Piper Sandler lowered their price target on shares of Chipotle Mexican Grill from $42.00 to $39.00 and set an “overweight” rating on the stock in a research report on Thursday, July 30th. Finally, UBS Group restated a “buy” rating on shares of Chipotle Mexican Grill in a research note on Friday, July 31st. Twenty-four analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $44.16.

Chipotle Mexican Grill Price Performance

CMG opened at $33.36 on Wednesday. The company has a fifty day moving average price of $33.55 and a 200-day moving average price of $34.03. The firm has a market capitalization of $42.22 billion, a P/E ratio of 30.61, a price-to-earnings-growth ratio of 2.13 and a beta of 0.94. Chipotle Mexican Grill, Inc. has a one year low of $28.03 and a one year high of $43.99.

Chipotle Mexican Grill (NYSE:CMG) last released its quarterly earnings results on Wednesday, July 29th. The restaurant operator reported $0.33 earnings per share for the quarter, topping the consensus estimate of $0.32 by $0.01. Chipotle Mexican Grill had a net margin of 11.43% and a return on equity of 54.65%. The firm had revenue of $3.35 billion for the quarter, compared to analysts’ expectations of $3.33 billion. During the same quarter in the prior year, the firm posted $0.33 earnings per share. The business’s quarterly revenue was up 9.3% on a year-over-year basis. On average, analysts expect that Chipotle Mexican Grill, Inc. will post 1.14 earnings per share for the current year.

Chipotle Mexican Grill Profile

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.