WealthShield Partners LLC Raises Position in Chipotle Mexican Grill, Inc. $CMG

WealthShield Partners LLC boosted its stake in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) by 20.7% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 73,140 shares of the restaurant operator’s stock after purchasing an additional 12,560 shares during the period. WealthShield Partners LLC’s holdings in Chipotle Mexican Grill were worth $4,107,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the stock. Saudi Central Bank purchased a new stake in shares of Chipotle Mexican Grill in the first quarter worth $27,000. 1248 Management LLC purchased a new stake in Chipotle Mexican Grill during the 1st quarter valued at approximately $27,000. Signature Resources Capital Management LLC bought a new stake in shares of Chipotle Mexican Grill during the second quarter valued at approximately $28,000. Oliver Lagore Vanvalin Investment Group purchased a new position in shares of Chipotle Mexican Grill in the second quarter worth $29,000. Finally, Activest Wealth Management boosted its position in shares of Chipotle Mexican Grill by 109.3% during the second quarter. Activest Wealth Management now owns 517 shares of the restaurant operator’s stock worth $29,000 after acquiring an additional 270 shares during the last quarter. 91.30% of the stock is owned by hedge funds and other institutional investors.

Chipotle Mexican Grill Stock Performance

NYSE:CMG opened at $31.55 on Friday. Chipotle Mexican Grill, Inc. has a fifty-two week low of $29.75 and a fifty-two week high of $66.74. The firm has a market capitalization of $41.71 billion, a PE ratio of 27.92, a PEG ratio of 2.65 and a beta of 0.98. The stock’s fifty day moving average is $38.17 and its 200 day moving average is $45.44.

Chipotle Mexican Grill (NYSE:CMG) last posted 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 net margin of 13.04% and a return on equity of 44.32%. The firm had revenue of $3 billion for the quarter, compared to analysts’ expectations of $3.06 billion. During the same period in the prior year, the business posted $0.27 earnings per share. The business’s revenue for the quarter was up 7.5% on a year-over-year basis. Equities analysts forecast that Chipotle Mexican Grill, Inc. will post 1.29 EPS for the current year.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on CMG shares. Raymond James Financial reiterated an “outperform” rating and issued a $40.00 price target (down from $52.00) on shares of Chipotle Mexican Grill in a report on Thursday, October 30th. Robert W. Baird decreased their target price on Chipotle Mexican Grill from $59.00 to $49.00 and set an “outperform” rating on the stock in a research report on Friday, October 10th. Guggenheim reduced their price objective on Chipotle Mexican Grill from $47.00 to $46.00 and set a “neutral” rating on the stock in a research note on Friday, July 25th. Evercore ISI cut their target price on shares of Chipotle Mexican Grill from $53.00 to $45.00 and set an “outperform” rating for the company in a report on Thursday, October 30th. Finally, The Goldman Sachs Group restated a “buy” rating and issued a $45.00 price target (down previously from $52.00) on shares of Chipotle Mexican Grill in a research report on Thursday, October 30th. Two research analysts have rated the stock with a Strong Buy rating, twenty-two have given a Buy rating, eleven have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $49.81.

About Chipotle Mexican Grill

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.