Triad Wealth Partners LLC Acquires 1,693 Shares of Chipotle Mexican Grill, Inc. $CMG

Triad Wealth Partners LLC grew its holdings in Chipotle Mexican Grill, Inc. (NYSE:CMG) by 23.2% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 8,976 shares of the restaurant operator’s stock after acquiring an additional 1,693 shares during the period. Triad Wealth Partners LLC’s holdings in Chipotle Mexican Grill were worth $504,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Cloud Capital Management LLC bought a new position in Chipotle Mexican Grill in the 1st quarter worth $25,000. Saudi Central Bank bought a new stake in Chipotle Mexican Grill during the first quarter valued at about $27,000. 1248 Management LLC purchased a new stake in Chipotle Mexican Grill in the first quarter worth about $27,000. Signature Resources Capital Management LLC purchased a new stake in Chipotle Mexican Grill in the second quarter worth about $28,000. Finally, HighMark Wealth Management LLC raised its stake in shares of Chipotle Mexican Grill by 173.4% in the first quarter. HighMark Wealth Management LLC now owns 585 shares of the restaurant operator’s stock worth $29,000 after buying an additional 371 shares during the period. Hedge funds and other institutional investors own 91.30% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently issued reports on CMG. Guggenheim cut their price objective on Chipotle Mexican Grill from $47.00 to $46.00 and set a “neutral” rating for the company in a research note on Friday, July 25th. Citigroup decreased their price objective on shares of Chipotle Mexican Grill from $68.00 to $62.00 and set a “buy” rating on the stock in a research report on Thursday, July 24th. Barclays lowered their target price on shares of Chipotle Mexican Grill from $55.00 to $53.00 and set an “equal weight” rating on the stock in a research note on Thursday, July 24th. Melius assumed coverage on Chipotle Mexican Grill in a research note on Monday, July 14th. They issued a “hold” rating and a $60.00 price target for the company. Finally, UBS Group raised their price target on Chipotle Mexican Grill from $60.00 to $65.00 and gave the company a “buy” rating in a report on Thursday, July 17th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating and nine have issued a Hold rating to the stock. Based on data from MarketBeat, Chipotle Mexican Grill has an average rating of “Moderate Buy” and a consensus price target of $59.41.

Chipotle Mexican Grill Trading Up 3.7%

Shares of CMG stock opened at $41.78 on Friday. The stock has a market capitalization of $56.02 billion, a price-to-earnings ratio of 37.30, a price-to-earnings-growth ratio of 2.05 and a beta of 0.99. Chipotle Mexican Grill, Inc. has a 12-month low of $38.30 and a 12-month high of $66.74. The stock’s 50-day moving average price is $41.47 and its 200-day moving average price is $47.94.

Chipotle Mexican Grill (NYSE:CMG) last announced its quarterly earnings results on Wednesday, July 23rd. The restaurant operator reported $0.33 EPS for the quarter, beating analysts’ consensus estimates of $0.32 by $0.01. Chipotle Mexican Grill had a return on equity of 43.50% and a net margin of 13.32%.The company had revenue of $3.06 billion during the quarter, compared to analyst estimates of $3.11 billion. During the same period in the prior year, the company earned $0.34 earnings per share. The firm’s revenue was up 3.0% on a year-over-year basis. As a group, research analysts predict that Chipotle Mexican Grill, Inc. will post 1.29 EPS for the current fiscal year.

Chipotle Mexican Grill Profile

Chipotle Mexican Grill, Inc, together with its subsidiaries, owns and operates Chipotle Mexican Grill restaurants. It sells food and beverages through offering burritos, burrito bowls, quesadillas, tacos, and salads. The company also provides delivery and related services its app and website. It has operations in the United States, Canada, France, Germany, and the United Kingdom.