WCG Wealth Advisors LLC Takes Position in Chipotle Mexican Grill, Inc. $CMG

WCG Wealth Advisors LLC purchased a new position in Chipotle Mexican Grill, Inc. (NYSE:CMG) in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 15,004 shares of the restaurant operator’s stock, valued at approximately $842,000.

Other hedge funds also recently bought and sold shares of the company. Norges Bank bought a new stake in Chipotle Mexican Grill during the 2nd quarter valued at about $1,001,668,000. Nuveen LLC purchased a new stake in shares of Chipotle Mexican Grill during the first quarter valued at approximately $535,023,000. Sustainable Growth Advisers LP bought a new stake in shares of Chipotle Mexican Grill during the second quarter valued at approximately $597,031,000. Goldman Sachs Group Inc. raised its holdings in Chipotle Mexican Grill by 98.1% in the 1st quarter. Goldman Sachs Group Inc. now owns 9,900,521 shares of the restaurant operator’s stock worth $497,105,000 after acquiring an additional 4,903,969 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD raised 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 worth $2,853,302,000 after acquiring an additional 4,027,016 shares during the last quarter. Institutional investors own 91.30% of the company’s stock.

Chipotle Mexican Grill Price Performance

Shares of Chipotle Mexican Grill stock opened at $34.16 on Wednesday. The stock has a market capitalization of $45.16 billion, a PE ratio of 30.23, a P/E/G ratio of 3.50 and a beta of 0.99. The company’s fifty day simple moving average is $36.53 and its 200-day simple moving average is $43.79. Chipotle Mexican Grill, Inc. has a 1-year low of $29.75 and a 1-year high of $66.74.

Chipotle Mexican Grill (NYSE:CMG) last issued 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 45.39% and a net margin of 13.04%.The business had revenue of $3 billion during the quarter, compared to analysts’ expectations of $3.06 billion. During the same quarter in the prior year, the business posted $0.27 earnings per share. The business’s quarterly revenue was up 7.5% on a year-over-year basis. As a group, research analysts anticipate that Chipotle Mexican Grill, Inc. will post 1.29 EPS for the current year.

Wall Street Analysts Forecast Growth

CMG has been the topic of several recent analyst reports. BTIG Research cut their target price on Chipotle Mexican Grill from $57.00 to $45.00 and set a “buy” rating on the stock in a research note on Thursday, October 30th. Zacks Research cut shares of Chipotle Mexican Grill from a “hold” rating to a “strong sell” rating in a research note on Thursday, October 30th. Mizuho set a $34.00 price target on shares of Chipotle Mexican Grill in a research note on Thursday, October 30th. Morgan Stanley lowered their price objective on shares of Chipotle Mexican Grill from $59.00 to $50.00 and set an “overweight” rating on the stock in a research report on Thursday, October 30th. Finally, KeyCorp dropped their target price on shares of Chipotle Mexican Grill from $52.00 to $45.00 and set an “overweight” rating on the stock in a report on Thursday, October 30th. Two research 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 issued a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price 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.