Rockline Wealth Management LLC Raises Stock Holdings in Chipotle Mexican Grill, Inc. $CMG

Rockline Wealth Management LLC raised its holdings in Chipotle Mexican Grill, Inc. (NYSE:CMG) by 3.6% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 58,381 shares of the restaurant operator’s stock after purchasing an additional 2,004 shares during the quarter. Rockline Wealth Management LLC’s holdings in Chipotle Mexican Grill were worth $3,278,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently made changes to their positions in CMG. Vanguard Group Inc. raised its stake in Chipotle Mexican Grill by 1.3% in the 1st quarter. Vanguard Group Inc. now owns 122,463,327 shares of the restaurant operator’s stock valued at $6,148,884,000 after acquiring an additional 1,597,287 shares during the period. Price T Rowe Associates Inc. MD boosted its holdings in Chipotle Mexican Grill by 7.6% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 56,827,332 shares of the restaurant operator’s stock valued at $2,853,302,000 after purchasing an additional 4,027,016 shares during the period. Alliancebernstein L.P. raised its position in shares of Chipotle Mexican Grill by 8.0% in the first quarter. Alliancebernstein L.P. now owns 32,505,318 shares of the restaurant operator’s stock worth $1,632,092,000 after buying an additional 2,404,798 shares in the last quarter. American Century Companies Inc. grew its position in Chipotle Mexican Grill by 2.1% during the first quarter. American Century Companies Inc. now owns 20,662,628 shares of the restaurant operator’s stock worth $1,037,471,000 after buying an additional 425,648 shares in the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its stake in Chipotle Mexican Grill by 8.1% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 11,111,416 shares of the restaurant operator’s stock worth $557,904,000 after acquiring an additional 833,760 shares during the last quarter. 91.30% of the stock is currently owned by institutional investors.

Chipotle Mexican Grill Stock Performance

NYSE CMG opened at $31.46 on Tuesday. Chipotle Mexican Grill, Inc. has a fifty-two week low of $31.01 and a fifty-two week high of $66.74. The stock has a market cap of $42.18 billion, a P/E ratio of 27.84, a price-to-earnings-growth ratio of 2.65 and a beta of 0.99. The stock has a 50 day simple moving average of $40.14 and a two-hundred day simple moving average of $46.52.

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

Analyst Ratings Changes

CMG has been the subject of a number of research reports. JPMorgan Chase & Co. cut their price target on shares of Chipotle Mexican Grill from $44.00 to $40.00 and set a “neutral” rating for the company in a research note on Thursday, October 30th. Stephens cut their price objective on shares of Chipotle Mexican Grill from $48.00 to $35.00 and set an “equal weight” rating for the company in a research note on Thursday, October 30th. Raymond James Financial reissued an “outperform” rating and issued a $40.00 price target (down from $52.00) on shares of Chipotle Mexican Grill in a research note on Thursday. Robert W. Baird lowered their target price 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. Finally, Piper Sandler upgraded Chipotle Mexican Grill from a “neutral” rating to an “overweight” rating and reduced their price target for the stock from $53.00 to $50.00 in a research report on Tuesday, August 12th. Two 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 issued a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $49.81.

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.