3,954 Shares in Chipotle Mexican Grill, Inc. $CMG Bought by Watershed Private Wealth LLC

Watershed Private Wealth LLC bought a new position in Chipotle Mexican Grill, Inc. (NYSE:CMG) during the second quarter, according to its most recent filing with the SEC. The firm bought 3,954 shares of the restaurant operator’s stock, valued at approximately $222,000.

Other large investors also recently modified their holdings of the company. Signature Resources Capital Management LLC bought a new position in shares of Chipotle Mexican Grill in the 2nd quarter worth $28,000. Cloud Capital Management LLC bought a new position in shares of Chipotle Mexican Grill in the 1st quarter worth $25,000. Oliver Lagore Vanvalin Investment Group bought a new position in shares of Chipotle Mexican Grill in the 2nd quarter worth $29,000. 1248 Management LLC bought a new position in shares of Chipotle Mexican Grill in the 1st quarter worth $27,000. Finally, Saudi Central Bank bought a new position in shares of Chipotle Mexican Grill in the 1st quarter worth $27,000. 91.30% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities analysts have weighed in on the company. Citigroup dropped their price objective on Chipotle Mexican Grill from $68.00 to $62.00 and set a “buy” rating on the stock in a research note on Thursday, July 24th. Stephens restated an “equal weight” rating and set a $60.00 price objective on shares of Chipotle Mexican Grill in a research note on Monday, September 29th. Rothschild Redb upgraded Chipotle Mexican Grill from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, September 3rd. Barclays dropped their price objective on 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. Finally, TD Cowen restated a “buy” rating and set a $58.00 price objective on shares of Chipotle Mexican Grill in a research note on Friday, September 19th. Two research analysts have rated the stock with a Strong Buy rating, twenty-one have given a Buy rating and nine have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $59.28.

Chipotle Mexican Grill Price Performance

Shares of Chipotle Mexican Grill stock opened at $40.94 on Wednesday. Chipotle Mexican Grill, Inc. has a 1 year low of $38.30 and a 1 year high of $66.74. The firm has a market cap of $54.89 billion, a PE ratio of 36.55, a P/E/G ratio of 2.12 and a beta of 0.99. The stock has a fifty day moving average price of $41.33 and a 200-day moving average price of $47.83.

Chipotle Mexican Grill (NYSE:CMG) last announced its earnings results on Wednesday, July 23rd. The restaurant operator reported $0.33 earnings per share (EPS) for the quarter, beating the consensus estimate 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 firm had revenue of $3.06 billion during the quarter, compared to analyst estimates of $3.11 billion. During the same period last year, the firm posted $0.34 EPS. The business’s revenue was up 3.0% compared to the same quarter last year. As a group, equities analysts anticipate that Chipotle Mexican Grill, Inc. will post 1.29 EPS for the current fiscal year.

About Chipotle Mexican Grill

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.