Chipotle Mexican Grill, Inc. $CMG Shares Bought by Checchi Capital Advisers LLC

Checchi Capital Advisers LLC raised its position in Chipotle Mexican Grill, Inc. (NYSE:CMG) by 1.9% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 16,761 shares of the restaurant operator’s stock after purchasing an additional 311 shares during the quarter. Checchi Capital Advisers LLC’s holdings in Chipotle Mexican Grill were worth $941,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of CMG. Revolve Wealth Partners LLC boosted its holdings in Chipotle Mexican Grill by 4.7% in the 4th quarter. Revolve Wealth Partners LLC now owns 4,804 shares of the restaurant operator’s stock valued at $290,000 after purchasing an additional 214 shares during the last quarter. Bison Wealth LLC acquired a new position in Chipotle Mexican Grill in the 4th quarter valued at about $224,000. NBC Securities Inc. boosted its holdings in Chipotle Mexican Grill by 137,000.0% in the 1st quarter. NBC Securities Inc. now owns 1,371 shares of the restaurant operator’s stock valued at $68,000 after purchasing an additional 1,370 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. boosted its holdings in Chipotle Mexican Grill by 312.5% in the 1st quarter. Thurston Springer Miller Herd & Titak Inc. now owns 825 shares of the restaurant operator’s stock valued at $41,000 after purchasing an additional 625 shares during the last quarter. Finally, Procyon Advisors LLC boosted its holdings in Chipotle Mexican Grill by 24.5% in the 1st quarter. Procyon Advisors LLC now owns 7,405 shares of the restaurant operator’s stock valued at $372,000 after purchasing an additional 1,455 shares during the last quarter. 91.30% of the stock is currently owned by institutional investors and hedge funds.

Chipotle Mexican Grill Stock Up 3.7%

Chipotle Mexican Grill stock opened at $41.78 on Monday. The firm has a market cap of $56.02 billion, a PE ratio of 37.30, a price-to-earnings-growth ratio of 2.13 and a beta of 0.99. Chipotle Mexican Grill, Inc. has a 52-week low of $38.30 and a 52-week high of $66.74. The company’s 50 day moving average is $41.47 and its two-hundred day moving average is $47.92.

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

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on CMG shares. TD Cowen restated a “buy” rating and issued a $58.00 price objective on shares of Chipotle Mexican Grill in a report on Friday, September 19th. Raymond James Financial decreased their price objective on shares of Chipotle Mexican Grill from $60.00 to $56.00 and set an “outperform” rating on the stock in a report on Friday, August 15th. Sanford C. Bernstein decreased their price objective on shares of Chipotle Mexican Grill from $65.00 to $60.00 and set an “outperform” rating on the stock in a report on Thursday. 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 report on Thursday, July 24th. Finally, UBS Group upped their price objective on shares of Chipotle Mexican Grill from $60.00 to $65.00 and gave the stock a “buy” rating in a report on Thursday, July 17th. Two 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 company’s stock. According to data from MarketBeat.com, Chipotle Mexican Grill has a consensus rating of “Moderate Buy” and a consensus price target of $59.41.

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.