Signature Estate & Investment Advisors LLC Has $9.84 Million Stock Position in Chipotle Mexican Grill, Inc. $CMG

Signature Estate & Investment Advisors LLC grew its stake in Chipotle Mexican Grill, Inc. (NYSE:CMGFree Report) by 8.3% during the 3rd quarter, HoldingsChannel reports. The firm owned 251,116 shares of the restaurant operator’s stock after acquiring an additional 19,159 shares during the quarter. Signature Estate & Investment Advisors LLC’s holdings in Chipotle Mexican Grill were worth $9,841,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the stock. Operose Advisors LLC bought a new stake in Chipotle Mexican Grill in the second quarter valued at $25,000. Lavaca Capital LLC acquired a new stake in shares of Chipotle Mexican Grill in the 2nd quarter valued at $28,000. Activest Wealth Management boosted its stake in shares of Chipotle Mexican Grill by 109.3% in the 2nd quarter. Activest Wealth Management now owns 517 shares of the restaurant operator’s stock valued at $29,000 after purchasing an additional 270 shares in the last quarter. Twin Peaks Wealth Advisors LLC bought a new stake in shares of Chipotle Mexican Grill in the 2nd quarter worth about $34,000. Finally, Evolution Wealth Management Inc. acquired a new stake in shares of Chipotle Mexican Grill during the 2nd quarter worth about $34,000. 91.30% of the stock is owned by institutional investors and hedge funds.

Chipotle Mexican Grill News Summary

Here are the key news stories impacting Chipotle Mexican Grill this week:

Chipotle Mexican Grill Price Performance

Shares of Chipotle Mexican Grill stock opened at $39.42 on Friday. The firm has a 50 day simple moving average of $37.79 and a 200 day simple moving average of $38.79. Chipotle Mexican Grill, Inc. has a fifty-two week low of $29.75 and a fifty-two week high of $59.09. The firm has a market cap of $51.34 billion, a P/E ratio of 34.58, a P/E/G ratio of 2.53 and a beta of 0.99.

Chipotle Mexican Grill (NYSE:CMGGet Free Report) last posted its quarterly earnings data on Tuesday, February 3rd. The restaurant operator reported $0.25 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.24 by $0.01. The firm had revenue of $2.98 billion for the quarter, compared to the consensus estimate of $2.96 billion. Chipotle Mexican Grill had a return on equity of 47.99% and a net margin of 12.88%.The business’s revenue for the quarter was up 4.9% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.25 EPS. On average, sell-side analysts expect that Chipotle Mexican Grill, Inc. will post 1.29 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on CMG shares. Barclays reduced their price target on shares of Chipotle Mexican Grill from $44.00 to $40.00 and set an “equal weight” rating on the stock in a research report on Wednesday. The Goldman Sachs Group reiterated a “buy” rating on shares of Chipotle Mexican Grill in a research note on Thursday, December 18th. Evercore reissued an “outperform” rating and issued a $45.00 target price on shares of Chipotle Mexican Grill in a report on Friday, December 19th. Zacks Research upgraded Chipotle Mexican Grill from a “strong sell” rating to a “hold” rating in a research report on Monday, December 29th. Finally, Stifel Nicolaus cut their price objective on Chipotle Mexican Grill from $50.00 to $45.00 and set a “buy” rating for the company in a research report on Wednesday. Twenty-two investment analysts have rated the stock with a Buy rating and twelve have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $47.24.

Read Our Latest Research Report on CMG

Chipotle Mexican Grill Company Profile

(Free Report)

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.

Featured Stories

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Institutional Ownership by Quarter for Chipotle Mexican Grill (NYSE:CMG)

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