Ransom Advisory Ltd Sells 1,000 Shares of Chipotle Mexican Grill, Inc. $CMG

Ransom Advisory Ltd trimmed its position in Chipotle Mexican Grill, Inc. (NYSE:CMG) by 15.3% during the second quarter, according to its most recent 13F filing with the SEC. The fund owned 5,550 shares of the restaurant operator’s stock after selling 1,000 shares during the period. Ransom Advisory Ltd’s holdings in Chipotle Mexican Grill were worth $312,000 as of its most recent filing with the SEC.

Other hedge funds have also recently bought and sold shares of the company. Cloud Capital Management LLC bought a new position in Chipotle Mexican Grill in the 1st quarter valued at $25,000. Saudi Central Bank bought a new position in shares of Chipotle Mexican Grill in the 1st quarter worth $27,000. 1248 Management LLC bought a new position in shares of Chipotle Mexican Grill in the 1st quarter worth $27,000. HighMark Wealth Management LLC boosted its position in shares of Chipotle Mexican Grill by 173.4% in the 1st quarter. HighMark Wealth Management LLC now owns 585 shares of the restaurant operator’s stock worth $29,000 after purchasing an additional 371 shares during the last quarter. Finally, North Capital Inc. bought a new position in shares of Chipotle Mexican Grill in the 1st quarter worth $30,000. 91.30% of the stock is currently owned by institutional investors.

Chipotle Mexican Grill Price Performance

CMG opened at $38.65 on Monday. The business’s 50-day moving average price is $45.54 and its two-hundred day moving average price is $49.08. Chipotle Mexican Grill, Inc. has a 1 year low of $38.30 and a 1 year high of $66.74. The company has a market capitalization of $51.83 billion, a price-to-earnings ratio of 34.51, a P/E/G ratio of 1.97 and a beta of 1.02.

Chipotle Mexican Grill (NYSE:CMG) last released its quarterly earnings results on Wednesday, July 23rd. The restaurant operator reported $0.33 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.32 by $0.01. Chipotle Mexican Grill had a return on equity of 43.50% and a net margin of 13.32%.The firm had revenue of $3.06 billion for the quarter, compared to the consensus estimate of $3.11 billion. During the same quarter last year, the business posted $0.34 EPS. The company’s revenue for the quarter was up 3.0% on a year-over-year basis. Sell-side analysts anticipate that Chipotle Mexican Grill, Inc. will post 1.29 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on CMG shares. Stephens restated an “equal weight” rating and issued a $60.00 price target on shares of Chipotle Mexican Grill in a research report on Thursday. Barclays reduced their price target on Chipotle Mexican Grill from $55.00 to $53.00 and set an “equal weight” rating on the stock in a research report on Thursday, July 24th. UBS Group raised their price target on Chipotle Mexican Grill from $60.00 to $65.00 and gave the stock a “buy” rating in a research report on Thursday, July 17th. BMO Capital Markets upgraded Chipotle Mexican Grill from a “market perform” rating to an “outperform” rating and raised their price target for the stock from $56.00 to $65.00 in a research report on Friday, July 18th. Finally, TD Securities reiterated a “buy” rating and set a $57.00 target price on shares of Chipotle Mexican Grill in a report on Wednesday, June 18th. Two analysts have rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating and eight have given a Hold rating to the company. According to MarketBeat.com, Chipotle Mexican Grill currently has a consensus rating of “Moderate Buy” and a consensus price target of $59.76.

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.