First Republic Investment Management Inc. Purchases 9,790 Shares of Chipotle Mexican Grill, Inc. (NYSE:CMG)

First Republic Investment Management Inc. raised its position in Chipotle Mexican Grill, Inc. (NYSE:CMG – Get Rating) by 155.4% in the 3rd quarter, Holdings Channel.com reports. The firm owned 16,089 shares of the restaurant operator’s stock after buying an additional 9,790 shares during the period. First Republic Investment Management Inc.’s holdings in Chipotle Mexican Grill were worth $24,178,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of CMG. Magellan Asset Management Ltd raised its position in Chipotle Mexican Grill by 8,084.9% in the second quarter. Magellan Asset Management Ltd now owns 396,558 shares of the restaurant operator’s stock valued at $518,404,000 after purchasing an additional 391,713 shares during the last quarter. Artisan Partners Limited Partnership raised its position in Chipotle Mexican Grill by 65.6% in the second quarter. Artisan Partners Limited Partnership now owns 456,355 shares of the restaurant operator’s stock valued at $596,575,000 after purchasing an additional 180,835 shares during the last quarter. Brown Advisory Inc. raised its position in Chipotle Mexican Grill by 31.4% in the second quarter. Brown Advisory Inc. now owns 216,937 shares of the restaurant operator’s stock valued at $283,951,000 after purchasing an additional 51,867 shares during the last quarter. Sei Investments Co. increased its stake in shares of Chipotle Mexican Grill by 68.2% in the second quarter. Sei Investments Co. now owns 126,255 shares of the restaurant operator’s stock valued at $164,669,000 after buying an additional 51,211 shares during the period. Finally, Scout Investments Inc. increased its stake in shares of Chipotle Mexican Grill by 725.0% in the third quarter. Scout Investments Inc. now owns 32,959 shares of the restaurant operator’s stock valued at $49,529,000 after buying an additional 28,964 shares during the period. 93.26% of the stock is currently owned by institutional investors.

Chipotle Mexican Grill Trading Down 0.1 %

Shares of Chipotle Mexican Grill stock opened at $1,595.09 on Wednesday. The business’s fifty day simple moving average is $1,489.24 and its 200 day simple moving average is $1,523.23. The firm has a market capitalization of $44.22 billion, a P/E ratio of 55.52, a price-to-earnings-growth ratio of 1.36 and a beta of 1.26. Chipotle Mexican Grill, Inc. has a 12 month low of $1,196.28 and a 12 month high of $1,754.56.

Chipotle Mexican Grill (NYSE:CMG – Get Rating) last issued its earnings results on Tuesday, October 25th. The restaurant operator reported $9.51 earnings per share (EPS) for the quarter, beating the consensus estimate of $9.11 by $0.40. The firm had revenue of $2.22 billion for the quarter, compared to analyst estimates of $2.23 billion. Chipotle Mexican Grill had a return on equity of 38.03% and a net margin of 9.61%. Analysts predict that Chipotle Mexican Grill, Inc. will post 33.34 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the company. Deutsche Bank Aktiengesellschaft decreased their price target on Chipotle Mexican Grill from $1,708.00 to $1,699.00 in a research note on Thursday, October 27th. Wells Fargo & Company assumed coverage on Chipotle Mexican Grill in a research note on Monday. They issued an “overweight” rating and a $1,800.00 price target for the company. KeyCorp increased their price target on Chipotle Mexican Grill from $1,750.00 to $1,800.00 and gave the company an “overweight” rating in a research note on Wednesday, October 26th. Citigroup increased their price target on Chipotle Mexican Grill to $1,888.00 in a research note on Thursday, October 27th. Finally, Stephens decreased their target price on Chipotle Mexican Grill from $1,900.00 to $1,760.00 and set an “overweight” rating for the company in a research note on Wednesday, October 26th. Six investment analysts have rated the stock with a hold rating and twenty-three have assigned a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $1,811.84.

About Chipotle Mexican Grill

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Chipotle Mexican Grill, Inc, together with its subsidiaries, owns and operates Chipotle Mexican Grill restaurants. As of September 30, 2022, it owned and operated approximately 3,100 restaurants in the United States, Canada, the United Kingdom, France, Germany, and rest of Europe. The company was founded in 1993 and is headquartered in Newport Beach, California.