Vanguard Group Inc. Buys 2,470,213 Shares of Chipotle Mexican Grill, Inc. $CMG

Vanguard Group Inc. raised its stake in Chipotle Mexican Grill, Inc. (NYSE:CMG) by 2.0% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 125,927,338 shares of the restaurant operator’s stock after purchasing an additional 2,470,213 shares during the period. Vanguard Group Inc. owned 9.39% of Chipotle Mexican Grill worth $4,935,092,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the stock. Operose Advisors LLC acquired a new position in Chipotle Mexican Grill during the 2nd quarter worth approximately $25,000. Salomon & Ludwin LLC acquired a new stake in Chipotle Mexican Grill in the third quarter valued at approximately $26,000. Lavaca Capital LLC bought a new stake in shares of Chipotle Mexican Grill during the second quarter valued at approximately $28,000. Steigerwald Gordon & Koch Inc. acquired a new position in shares of Chipotle Mexican Grill during the third quarter worth approximately $29,000. Finally, Murphy & Mullick Capital Management Corp raised its position in shares of Chipotle Mexican Grill by 106.7% during the third quarter. Murphy & Mullick Capital Management Corp now owns 775 shares of the restaurant operator’s stock worth $30,000 after purchasing an additional 400 shares during the period. Institutional investors and hedge funds own 91.30% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on CMG. Truist Financial lifted their price target on shares of Chipotle Mexican Grill from $45.00 to $50.00 and gave the company a “buy” rating in a research report on Thursday, January 8th. Mizuho reduced their price objective on shares of Chipotle Mexican Grill from $38.00 to $37.00 and set a “neutral” rating for the company in a report on Wednesday, February 4th. Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a $48.00 target price on shares of Chipotle Mexican Grill in a report on Wednesday, February 4th. Morgan Stanley cut their price target on Chipotle Mexican Grill from $50.00 to $49.00 and set an “overweight” rating for the company in a research note on Wednesday, February 4th. Finally, Wall Street Zen lowered Chipotle Mexican Grill from a “hold” rating to a “sell” rating in a report on Saturday. Twenty-two research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $47.24.

Chipotle Mexican Grill Stock Up 4.4%

Chipotle Mexican Grill stock opened at $37.88 on Wednesday. The stock has a market cap of $49.34 billion, a price-to-earnings ratio of 33.23, a PEG ratio of 2.22 and a beta of 0.99. The business has a 50-day simple moving average of $38.27 and a 200 day simple moving average of $38.34. Chipotle Mexican Grill, Inc. has a 52 week low of $29.75 and a 52 week high of $58.42.

Chipotle Mexican Grill (NYSE:CMG) last issued its quarterly earnings results on Tuesday, February 3rd. The restaurant operator reported $0.25 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.24 by $0.01. The firm had revenue of $2.98 billion during 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 company’s revenue for the quarter was up 4.9% on a year-over-year basis. During the same quarter last year, the company posted $0.25 EPS. On average, research analysts anticipate that Chipotle Mexican Grill, Inc. will post 1.29 earnings per share for the current year.

Chipotle Mexican Grill 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.