MinichMacGregor Wealth Management LLC Makes New Investment in Chipotle Mexican Grill, Inc. $CMG

MinichMacGregor Wealth Management LLC acquired a new stake in Chipotle Mexican Grill, Inc. (NYSE:CMG) in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 122,649 shares of the restaurant operator’s stock, valued at approximately $4,807,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Sarasin & Partners LLP raised its position in shares of Chipotle Mexican Grill by 1.1% in the 3rd quarter. Sarasin & Partners LLP now owns 2,565,111 shares of the restaurant operator’s stock valued at $102,348,000 after buying an additional 27,366 shares in the last quarter. Rexford Capital Inc. increased its stake in shares of Chipotle Mexican Grill by 3,266.1% in the 3rd quarter. Rexford Capital Inc. now owns 14,676 shares of the restaurant operator’s stock valued at $575,000 after purchasing an additional 14,240 shares during the last quarter. Union Bancaire Privee UBP SA raised its holdings in shares of Chipotle Mexican Grill by 76.3% during the 3rd quarter. Union Bancaire Privee UBP SA now owns 356,986 shares of the restaurant operator’s stock worth $13,333,000 after buying an additional 154,512 shares in the last quarter. Hilltop National Bank bought a new stake in shares of Chipotle Mexican Grill during the 2nd quarter worth $2,579,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. boosted its stake in Chipotle Mexican Grill by 7.1% in the second quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 2,596,483 shares of the restaurant operator’s stock valued at $145,793,000 after buying an additional 171,466 shares in the last quarter. Institutional investors own 91.30% of the company’s stock.

Chipotle Mexican Grill Trading Down 0.9%

Shares of CMG opened at $40.01 on Friday. The firm’s fifty day simple moving average is $35.45 and its two-hundred day simple moving average is $40.54. Chipotle Mexican Grill, Inc. has a 12 month low of $29.75 and a 12 month high of $59.57. The stock has a market capitalization of $52.90 billion, a P/E ratio of 35.41, a price-to-earnings-growth ratio of 3.84 and a beta of 0.97.

Chipotle Mexican Grill (NYSE:CMG) last issued its earnings results on Wednesday, October 29th. The restaurant operator reported $0.29 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.29. The business had revenue of $3 billion during the quarter, compared to the consensus estimate of $3.06 billion. Chipotle Mexican Grill had a return on equity of 45.39% and a net margin of 13.04%.The firm’s revenue for the quarter was up 7.5% on a year-over-year basis. During the same period in the previous year, the company posted $0.27 earnings per share. As a group, research analysts predict that Chipotle Mexican Grill, Inc. will post 1.29 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on CMG shares. Mizuho raised their price target on shares of Chipotle Mexican Grill from $36.00 to $38.00 and gave the company a “neutral” rating in a research note on Friday, January 9th. BMO Capital Markets reaffirmed an “outperform” rating on shares of Chipotle Mexican Grill in a research note on Thursday, October 30th. JPMorgan Chase & Co. decreased their target price on shares of Chipotle Mexican Grill from $44.00 to $40.00 and set a “neutral” rating on the stock in a research note on Thursday, October 30th. Gordon Haskett cut Chipotle Mexican Grill from a “strong-buy” rating to a “hold” rating in a research note on Thursday, January 8th. Finally, Cowen reaffirmed a “buy” rating on shares of Chipotle Mexican Grill in a report on Monday, January 5th. Two research analysts have rated the stock with a Strong Buy rating, twenty-three have issued a Buy rating and thirteen have issued a Hold rating to the company’s stock. According to data from MarketBeat, Chipotle Mexican Grill has an average rating of “Moderate Buy” and an average price target of $50.00.

Chipotle Mexican Grill Company Profile

Chipotle Mexican Grill is a fast-casual restaurant company known for its Mexican-inspired menu of burritos, bowls, tacos and salads. Founded in 1993 by Steve Ells, the chain emphasizes fresh, customizable meals made from a limited menu of core ingredients and a focus on ingredient quality. Chipotle operates primarily company-owned restaurants and offers dine-in, takeout, catering and delivery through its own digital platforms and third-party partners.

The company is headquartered in Newport Beach, California, and traces its roots to Denver, Colorado.