Financial Counselors Inc. boosted its position in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) by 23.2% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 9,597 shares of the restaurant operator’s stock after buying an additional 1,806 shares during the period. Financial Counselors Inc.’s holdings in Chipotle Mexican Grill were worth $3,993,000 as of its most recent SEC filing.
A number of other institutional investors have also recently made changes to their positions in the stock. Alliancebernstein L.P. boosted its stake in Chipotle Mexican Grill by 1.5% during the second quarter. Alliancebernstein L.P. now owns 371,270 shares of the restaurant operator’s stock valued at $154,485,000 after buying an additional 5,412 shares during the last quarter. AXA boosted its stake in Chipotle Mexican Grill by 3.8% during the second quarter. AXA now owns 89,284 shares of the restaurant operator’s stock valued at $37,151,000 after buying an additional 3,278 shares during the last quarter. Wells Fargo & Company MN boosted its stake in Chipotle Mexican Grill by 0.5% during the second quarter. Wells Fargo & Company MN now owns 97,118 shares of the restaurant operator’s stock valued at $40,410,000 after buying an additional 438 shares during the last quarter. Eaton Vance Management raised its position in Chipotle Mexican Grill by 4,396.5% during the second quarter. Eaton Vance Management now owns 73,473 shares of the restaurant operator’s stock valued at $30,572,000 after purchasing an additional 71,839 shares during the period. Finally, CIBC World Markets Inc. purchased a new stake in Chipotle Mexican Grill during the second quarter valued at approximately $205,000. 90.32% of the stock is owned by institutional investors.
A number of equities research analysts have issued reports on the company. ValuEngine upgraded Chipotle Mexican Grill from a “sell” rating to a “hold” rating in a research report on Friday, June 2nd. Argus upgraded Chipotle Mexican Grill from a “hold” rating to a “buy” rating and increased their price target for the stock from $447.88 to $550.00 in a report on Thursday, May 25th. Vetr downgraded Chipotle Mexican Grill from a “buy” rating to a “hold” rating and set a $498.87 price target on the stock. in a report on Monday, June 5th. Wedbush reiterated a “neutral” rating and issued a $450.00 price target on shares of Chipotle Mexican Grill in a report on Wednesday, June 7th. Finally, Mizuho began coverage on Chipotle Mexican Grill in a report on Thursday, June 8th. They issued a “buy” rating and a $533.00 price target on the stock. Six equities research analysts have rated the stock with a sell rating, twenty-three have given a hold rating, nine have given a buy rating and one has given a strong buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $399.45.
Shares of Chipotle Mexican Grill, Inc. (NYSE CMG) traded up 0.80% during trading on Friday, hitting $313.09. The company had a trading volume of 1,377,786 shares. The stock’s 50-day moving average is $320.64 and its 200 day moving average is $409.05. The firm has a market capitalization of $8.93 billion, a P/E ratio of 67.30 and a beta of 0.64. Chipotle Mexican Grill, Inc. has a 52-week low of $296.00 and a 52-week high of $499.00.
Chipotle Mexican Grill (NYSE:CMG) last posted its quarterly earnings results on Tuesday, July 25th. The restaurant operator reported $2.32 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.16 by $0.16. The firm had revenue of $1.17 billion for the quarter, compared to analysts’ expectations of $1.19 billion. Chipotle Mexican Grill had a return on equity of 10.65% and a net margin of 3.17%. The company’s revenue for the quarter was up 17.1% compared to the same quarter last year. During the same period in the prior year, the business earned $0.87 EPS. Equities research analysts predict that Chipotle Mexican Grill, Inc. will post $7.60 earnings per share for the current fiscal year.
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Chipotle Mexican Grill Company Profile
Chipotle Mexican Grill, Inc (Chipotle), together with its subsidiaries, operates Chipotle Mexican Grill restaurants. The Company’s Chipotle Mexican Grill restaurants serve a menu of burritos, tacos, burrito bowls (a burrito without the tortilla) and salads. As of December 31, 2016, the Company managed its operations and restaurants based on 11 regions.
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