Northwestern Mutual Wealth Management Co. Invests $7.51 Million in Chipotle Mexican Grill, Inc. $CMG

Northwestern Mutual Wealth Management Co. purchased a new stake in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 220,915 shares of the restaurant operator’s stock, valued at approximately $7,511,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Revolve Wealth Partners LLC boosted its holdings in Chipotle Mexican Grill by 4.7% in the fourth quarter. Revolve Wealth Partners LLC now owns 4,804 shares of the restaurant operator’s stock worth $290,000 after purchasing an additional 214 shares in the last quarter. Groupama Asset Managment raised its holdings in Chipotle Mexican Grill by 1.9% during the fourth quarter. Groupama Asset Managment now owns 15,596 shares of the restaurant operator’s stock valued at $568,000 after buying an additional 291 shares in the last quarter. Catalyst Financial Partners LLC raised its holdings in Chipotle Mexican Grill by 4.6% during the fourth quarter. Catalyst Financial Partners LLC now owns 6,763 shares of the restaurant operator’s stock valued at $250,000 after buying an additional 298 shares in the last quarter. Citizens Financial Group Inc. RI lifted its position in shares of Chipotle Mexican Grill by 2.5% in the first quarter. Citizens Financial Group Inc. RI now owns 12,708 shares of the restaurant operator’s stock worth $407,000 after buying an additional 311 shares during the last quarter. Finally, Annis Gardner Whiting Capital Advisors LLC lifted its position in shares of Chipotle Mexican Grill by 14.3% in the fourth quarter. Annis Gardner Whiting Capital Advisors LLC now owns 2,523 shares of the restaurant operator’s stock worth $93,000 after buying an additional 316 shares during the last quarter. Institutional investors and hedge funds own 91.30% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently issued reports on the company. Royal Bank Of Canada reiterated an “outperform” rating and set a $45.00 price target on shares of Chipotle Mexican Grill in a research note on Thursday, April 30th. Evercore restated an “outperform” rating and issued a $47.00 target price on shares of Chipotle Mexican Grill in a report on Thursday, July 30th. Sanford C. Bernstein restated an “outperform” rating on shares of Chipotle Mexican Grill in a report on Friday, July 31st. Raymond James Financial reaffirmed an “outperform” rating and set a $42.50 target price on shares of Chipotle Mexican Grill in a research report on Thursday, July 30th. Finally, JPMorgan Chase & Co. upgraded Chipotle Mexican Grill from a “neutral” rating to an “overweight” rating and lowered their price target for the company from $38.00 to $35.00 in a report on Friday, June 5th. Twenty-four analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $44.16.

Chipotle Mexican Grill Price Performance

CMG stock 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 50-day moving average of $33.80 and a two-hundred day moving average of $33.96. The stock has a market capitalization of $46.62 billion, a price-to-earnings ratio of 33.80, a price-to-earnings-growth ratio of 2.35 and a beta of 0.94.

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