Jacobs & Co. CA Raises Stock Holdings in Chipotle Mexican Grill, Inc. $CMG

Jacobs & Co. CA lifted its stake in Chipotle Mexican Grill, Inc. (NYSE:CMG) by 8.5% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 273,055 shares of the restaurant operator’s stock after buying an additional 21,406 shares during the quarter. Jacobs & Co. CA’s holdings in Chipotle Mexican Grill were worth $9,283,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently made changes to their positions in the company. Wealth Watch Advisors INC purchased a new stake in Chipotle Mexican Grill in the 3rd quarter worth approximately $25,000. MV Capital Management Inc. bought a new position in shares of Chipotle Mexican Grill in the fourth quarter worth approximately $26,000. Osbon Capital Management LLC purchased a new stake in shares of Chipotle Mexican Grill in the fourth quarter worth $28,000. Merkkuri Wealth Advisors LLC purchased a new stake in shares of Chipotle Mexican Grill in the first quarter worth $28,000. Finally, Ankerstar Wealth LLC bought a new stake in shares of Chipotle Mexican Grill during the 4th quarter valued at $33,000. 91.30% of the stock is owned by hedge funds and other institutional investors.

Chipotle Mexican Grill Price Performance

NYSE:CMG opened at $32.78 on Friday. The firm has a market capitalization of $41.48 billion, a price-to-earnings ratio of 30.08, a PEG ratio of 2.09 and a beta of 0.94. Chipotle Mexican Grill, Inc. has a 1 year low of $28.03 and a 1 year high of $44.27. The business has a 50 day simple moving average of $33.06 and a 200-day simple moving average of $34.42.

Chipotle Mexican Grill (NYSE:CMG) last released its earnings results on Wednesday, July 29th. The restaurant operator reported $0.33 earnings per share for the quarter, beating 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 firm had revenue of $3.35 billion for the quarter, compared to the consensus estimate of $3.33 billion. During the same quarter in the previous year, the company posted $0.33 EPS. The company’s revenue for the quarter was up 9.3% compared to the same quarter last year. As a group, analysts expect that Chipotle Mexican Grill, Inc. will post 1.14 earnings per share for the current fiscal year.

Chipotle Mexican Grill News Roundup

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

• Positive Sentiment: Analyst support remains intact: BTIG Research reaffirmed its Buy rating, while Argus raised its price target to $45, indicating that some analysts view the selloff as excessive and believe Chipotle’s long-term growth story remains attractive. BTIG Research Reaffirms Buy Rating for Chipotle Mexican Grill Argus Raises Chipotle Price Target
• Neutral Sentiment: Recent quarterly results were slightly better than expected: Chipotle reported adjusted earnings of $0.33 per share versus the $0.32 consensus estimate and revenue of $3.35 billion versus expectations of $3.33 billion. Comparable sales rebounded 2.2%, supported by menu innovation and an improved rewards program, although higher food and labor costs pressured profitability. Chipotle: One Good Quarter Doesn’t Reset the Risk Profile
• Negative Sentiment: Food-safety concerns are driving the selloff: The CDC linked a Salmonella outbreak across 27 states to jalapeño peppers served at Chipotle and other Mexican-style restaurants. Reports say hundreds of people have been sickened, while authorities continue investigating the source and whether contaminated peppers reached grocery stores. Chipotle Stock Extends Slide After CDC Links Salmonella Outbreak to Jalapeños
• Negative Sentiment: Potential business and reputation risks are increasing: Chipotle removed jalapeños from Minnesota restaurants, shifted to another supplier and is cooperating with health officials. Investors are concerned about restaurant disruptions, possible liability and damage to customer traffic, particularly because the incident recalls the company’s prior food-safety crisis. Chipotle Pulls Jalapeños After Minnesota Salmonella Outbreak
• Negative Sentiment: Valuation and margin pressure add to the downside: One analysis argued that the recent earnings beat does not resolve concerns about declining earnings, compressed restaurant-level margins and a still-demanding valuation. The outbreak creates an additional risk for a stock already facing pressure from rising operating costs. Chipotle Stock Falls Further as CDC Confirms Salmonella Outbreak

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the stock. Guggenheim restated a “neutral” rating and set a $36.00 target price (up from $35.00) on shares of Chipotle Mexican Grill in a research note on Friday, July 31st. Barclays decreased their price target on Chipotle Mexican Grill from $40.00 to $38.00 and set an “equal weight” rating on the stock in a report on Thursday, April 30th. Mizuho upped their price objective on Chipotle Mexican Grill from $40.00 to $41.00 and gave the stock an “outperform” rating in a research note on Monday, July 13th. Argus increased their target price on Chipotle Mexican Grill from $40.00 to $45.00 and gave the stock a “buy” rating in a research report on Tuesday, August 4th. Finally, Zacks Research raised shares of Chipotle Mexican Grill from a “strong sell” rating to a “hold” rating in a report on Friday, April 17th. Twenty-four equities research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the stock. According to MarketBeat.com, Chipotle Mexican Grill currently has an average rating of “Moderate Buy” and a consensus price target of $44.16.

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.