166,382 Shares in Chipotle Mexican Grill, Inc. $CMG Purchased by Ieq Capital LLC

Ieq Capital LLC acquired a new stake in Chipotle Mexican Grill, Inc. (NYSE:CMG) during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 166,382 shares of the restaurant operator’s stock, valued at approximately $5,657,000.

Other institutional investors have also added to or reduced their stakes in the company. Wealth Watch Advisors INC purchased a new stake in shares of Chipotle Mexican Grill during the third quarter valued at $25,000. MV Capital Management Inc. purchased a new position in Chipotle Mexican Grill in the 4th quarter worth about $26,000. Meeder Asset Management Inc. purchased a new position in Chipotle Mexican Grill in the 2nd quarter worth about $27,000. Osbon Capital Management LLC bought a new position in Chipotle Mexican Grill during the 4th quarter valued at about $28,000. Finally, Merkkuri Wealth Advisors LLC purchased a new stake in shares of Chipotle Mexican Grill during the 1st quarter valued at about $28,000. 91.30% of the stock is currently owned by hedge funds and other institutional investors.

Chipotle Mexican Grill Stock Down 0.2%

NYSE CMG opened at $36.84 on Monday. Chipotle Mexican Grill, Inc. has a 52 week low of $28.03 and a 52 week high of $43.72. The company has a market capitalization of $46.62 billion, a P/E ratio of 33.80, a price-to-earnings-growth ratio of 2.35 and a beta of 0.94. The stock’s 50-day moving average price is $33.80 and its 200-day moving average price is $33.96.

Chipotle Mexican Grill (NYSE:CMG) last announced its earnings results on Wednesday, July 29th. The restaurant operator reported $0.33 EPS for the quarter, topping analysts’ consensus estimates 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 during the quarter, compared to analysts’ expectations of $3.33 billion. During the same quarter in the previous year, the business earned $0.33 EPS. The company’s quarterly revenue was up 9.3% on a year-over-year basis. Research analysts anticipate that Chipotle Mexican Grill, Inc. will post 1.14 EPS for the current year.

Analysts Set New Price Targets

A number of research firms have commented on CMG. UBS Group reaffirmed a “buy” rating on shares of Chipotle Mexican Grill in a research report on Friday, July 31st. BNP Paribas Exane increased their price target on Chipotle Mexican Grill from $37.00 to $39.00 and gave the company a “neutral” rating in a report on Thursday, April 30th. DA Davidson raised their price target on Chipotle Mexican Grill from $45.00 to $50.00 and gave the stock a “buy” rating in a research note on Thursday, July 30th. Barclays cut their price objective on Chipotle Mexican Grill from $40.00 to $38.00 and set an “equal weight” rating for the company in a report on Thursday, April 30th. Finally, Sanford C. Bernstein reiterated an “outperform” rating on shares of Chipotle Mexican Grill in a research report on Friday, July 31st. Twenty-four research analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company. According to MarketBeat, Chipotle Mexican Grill presently has a consensus rating of “Moderate Buy” and a consensus target price of $44.16.

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.