Aberdeen Group plc Has $56.36 Million Stock Holdings in Chipotle Mexican Grill, Inc. $CMG

Aberdeen Group plc lifted its holdings in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) by 4.5% in the second quarter, HoldingsChannel reports. The institutional investor owned 1,003,767 shares of the restaurant operator’s stock after buying an additional 43,605 shares during the period. Aberdeen Group plc’s holdings in Chipotle Mexican Grill were worth $56,362,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of CMG. Nuveen LLC acquired a new position in shares of Chipotle Mexican Grill during the 1st quarter worth about $535,023,000. Goldman Sachs Group Inc. lifted its stake in Chipotle Mexican Grill by 98.1% in the 1st quarter. Goldman Sachs Group Inc. now owns 9,900,521 shares of the restaurant operator’s stock valued at $497,105,000 after purchasing an additional 4,903,969 shares during the last quarter. Montrusco Bolton Investments Inc. lifted its stake in Chipotle Mexican Grill by 5,319.7% in the 1st quarter. Montrusco Bolton Investments Inc. now owns 4,848,990 shares of the restaurant operator’s stock valued at $235,580,000 after purchasing an additional 4,759,520 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its stake in Chipotle Mexican Grill by 7.6% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 56,827,332 shares of the restaurant operator’s stock valued at $2,853,302,000 after purchasing an additional 4,027,016 shares during the last quarter. Finally, Manning & Napier Advisors LLC acquired a new stake in Chipotle Mexican Grill in the 1st quarter valued at about $127,892,000. 91.30% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on CMG. Rothschild & Co Redburn upgraded shares of Chipotle Mexican Grill from a “neutral” rating to a “buy” rating and set a $55.00 target price for the company in a research note on Wednesday, September 3rd. Weiss Ratings reiterated a “hold (c)” rating on shares of Chipotle Mexican Grill in a research note on Wednesday. Evercore ISI cut their target price on shares of Chipotle Mexican Grill from $57.00 to $53.00 and set an “outperform” rating for the company in a research note on Tuesday, October 7th. Sanford C. Bernstein cut their target price on shares of Chipotle Mexican Grill from $65.00 to $60.00 and set an “outperform” rating for the company in a research note on Thursday, October 2nd. Finally, KeyCorp cut their target price on shares of Chipotle Mexican Grill from $60.00 to $58.00 and set an “overweight” rating for the company in a research note on Thursday, July 24th. Two analysts have rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating and nine have given a Hold rating to the stock. According to data from MarketBeat.com, Chipotle Mexican Grill currently has an average rating of “Moderate Buy” and an average price target of $58.93.

Chipotle Mexican Grill Stock Down 2.5%

Chipotle Mexican Grill stock opened at $39.86 on Friday. The stock has a market cap of $53.45 billion, a P/E ratio of 35.59, a P/E/G ratio of 2.03 and a beta of 0.99. Chipotle Mexican Grill, Inc. has a twelve month low of $38.30 and a twelve month high of $66.74. The company’s 50-day moving average price is $41.18 and its two-hundred day moving average price is $47.63.

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