Chipotle Mexican Grill, Inc. $CMG Shares Bought by Mackenzie Financial Corp

Mackenzie Financial Corp grew its holdings in shares of Chipotle Mexican Grill, Inc. (NYSE:CMGFree Report) by 328.9% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,050,410 shares of the restaurant operator’s stock after purchasing an additional 805,517 shares during the period. Mackenzie Financial Corp owned approximately 0.08% of Chipotle Mexican Grill worth $41,166,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently made changes to their positions in the business. Operose Advisors LLC acquired a new stake in Chipotle Mexican Grill during the second quarter valued at approximately $25,000. Lavaca Capital LLC bought a new stake in Chipotle Mexican Grill during the second quarter worth approximately $28,000. Twin Peaks Wealth Advisors LLC acquired a new position in Chipotle Mexican Grill in the second quarter worth approximately $34,000. Evolution Wealth Management Inc. acquired a new position in Chipotle Mexican Grill in the second quarter worth approximately $34,000. Finally, Salomon & Ludwin LLC bought a new position in shares of Chipotle Mexican Grill in the third quarter valued at $26,000. Institutional investors and hedge funds own 91.30% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on the company. Wall Street Zen upgraded Chipotle Mexican Grill from a “sell” rating to a “hold” rating in a research report on Saturday, March 7th. The Goldman Sachs Group restated a “buy” rating on shares of Chipotle Mexican Grill in a report on Thursday, December 18th. KeyCorp cut their target price on Chipotle Mexican Grill from $45.00 to $42.00 and set an “overweight” rating on the stock in a research report on Wednesday, February 4th. Piper Sandler reduced their target price on Chipotle Mexican Grill from $47.00 to $44.00 and set an “overweight” rating for the company in a report on Wednesday, February 4th. Finally, Stifel Nicolaus reiterated a “buy” rating on shares of Chipotle Mexican Grill in a research report on Monday. Twenty-three equities research analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, Chipotle Mexican Grill currently has an average rating of “Moderate Buy” and an average price target of $47.37.

Read Our Latest Stock Report on Chipotle Mexican Grill

Key Stories Impacting Chipotle Mexican Grill

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

Chipotle Mexican Grill Trading Down 3.9%

CMG opened at $32.54 on Friday. The stock has a fifty day moving average price of $38.13 and a 200 day moving average price of $37.64. Chipotle Mexican Grill, Inc. has a 1 year low of $29.75 and a 1 year high of $58.42. The stock has a market cap of $42.38 billion, a price-to-earnings ratio of 28.55, a PEG ratio of 2.08 and a beta of 1.00.

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

Chipotle Mexican Grill 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.

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

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