Empowered Funds LLC Invests $2.29 Million in Chipotle Mexican Grill, Inc. $CMG

Empowered Funds LLC bought a new position in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) in the second quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 67,383 shares of the restaurant operator’s stock, valued at approximately $2,291,000.

Other institutional investors also recently modified their holdings of the company. Revolve Wealth Partners LLC boosted its position in Chipotle Mexican Grill by 4.7% during the 4th quarter. Revolve Wealth Partners LLC now owns 4,804 shares of the restaurant operator’s stock worth $290,000 after acquiring an additional 214 shares during the last quarter. Bison Wealth LLC acquired a new stake in shares of Chipotle Mexican Grill in the fourth quarter valued at about $224,000. Osterweis Capital Management Inc. increased its position in shares of Chipotle Mexican Grill by 7,176.0% in the second quarter. Osterweis Capital Management Inc. now owns 1,819 shares of the restaurant operator’s stock valued at $102,000 after acquiring an additional 1,794 shares during the last quarter. Ieq Capital LLC raised its holdings in Chipotle Mexican Grill by 88.8% during the second quarter. Ieq Capital LLC now owns 274,375 shares of the restaurant operator’s stock worth $15,406,000 after acquiring an additional 129,066 shares in the last quarter. Finally, Diversify Wealth Management LLC raised its holdings in Chipotle Mexican Grill by 7.3% during the second quarter. Diversify Wealth Management LLC now owns 57,451 shares of the restaurant operator’s stock worth $3,226,000 after acquiring an additional 3,915 shares in the last quarter. 91.30% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the company. UBS Group restated a “buy” rating on shares of Chipotle Mexican Grill in a research note on Friday, July 31st. Morgan Stanley increased their price objective on Chipotle Mexican Grill from $37.00 to $39.00 and gave the company an “equal weight” rating in a report on Thursday, July 30th. BTIG Research reissued a “buy” rating and issued a $45.00 target price on shares of Chipotle Mexican Grill in a research note on Wednesday, August 5th. Weiss Ratings raised shares of Chipotle Mexican Grill from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Friday, August 7th. Finally, Guggenheim reaffirmed a “neutral” rating and set a $36.00 price target (up from $35.00) on shares of Chipotle Mexican Grill in a research report on Friday, July 31st. Twenty-three equities research analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $43.84.

Chipotle Mexican Grill Stock Up 2.6%

NYSE:CMG opened at $38.49 on Thursday. The stock’s 50 day moving average price is $34.74 and its two-hundred day moving average price is $33.92. The firm has a market capitalization of $48.70 billion, a price-to-earnings ratio of 35.31, a P/E/G ratio of 2.33 and a beta of 0.94. Chipotle Mexican Grill, Inc. has a 12-month low of $28.03 and a 12-month high of $42.81.

Chipotle Mexican Grill (NYSE:CMG) last issued its earnings results on Wednesday, July 29th. The restaurant operator reported $0.33 EPS for the quarter, topping the consensus estimate of $0.32 by $0.01. Chipotle Mexican Grill had a return on equity of 54.65% and a net margin of 11.43%.The company had revenue of $3.35 billion during the quarter, compared to the consensus estimate of $3.33 billion. During the same period in the previous year, the company posted $0.33 EPS. The firm’s revenue for the quarter was up 9.3% compared to the same quarter last year. Equities research analysts expect that Chipotle Mexican Grill, Inc. will post 1.14 EPS for the current year.

Insider Transactions at Chipotle Mexican Grill

In other news, insider Matthew R. Bush sold 2,675 shares of the business’s stock in a transaction that occurred on Friday, August 21st. The stock was sold at an average price of $35.75, for a total transaction of $95,631.25. Following the completion of the sale, the insider owned 21,415 shares in the company, valued at $765,586.25. The trade was a 11.10% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.45% of the stock is owned by company insiders.

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.