Tranquility Partners LLC Acquires New Shares in Chipotle Mexican Grill, Inc. $CMG

Tranquility Partners LLC acquired a new stake in Chipotle Mexican Grill, Inc. (NYSE:CMG) in the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 3,853 shares of the restaurant operator’s stock, valued at approximately $216,000.

A number of other large investors have also made changes to their positions in the company. Vanguard Group Inc. increased its position in shares of Chipotle Mexican Grill by 1.3% in the 1st quarter. Vanguard Group Inc. now owns 122,463,327 shares of the restaurant operator’s stock valued at $6,148,884,000 after buying an additional 1,597,287 shares in the last quarter. Price T Rowe Associates Inc. MD boosted 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 worth $2,853,302,000 after purchasing an additional 4,027,016 shares during the period. Alliancebernstein L.P. boosted its stake in Chipotle Mexican Grill by 8.0% in the 1st quarter. Alliancebernstein L.P. now owns 32,505,318 shares of the restaurant operator’s stock worth $1,632,092,000 after purchasing an additional 2,404,798 shares during the period. American Century Companies Inc. boosted its stake in Chipotle Mexican Grill by 2.1% in the 1st quarter. American Century Companies Inc. now owns 20,662,628 shares of the restaurant operator’s stock worth $1,037,471,000 after purchasing an additional 425,648 shares during the period. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake in Chipotle Mexican Grill by 8.1% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 11,111,416 shares of the restaurant operator’s stock worth $557,904,000 after purchasing an additional 833,760 shares during the period. Institutional investors own 91.30% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on CMG shares. Robert W. Baird reduced their target price on shares of Chipotle Mexican Grill from $59.00 to $49.00 and set an “outperform” rating for the company in a research note on Friday. Stifel Nicolaus reduced their target price on shares of Chipotle Mexican Grill from $65.00 to $60.00 and set a “buy” rating for the company in a research note on Tuesday, September 9th. Citigroup reduced their target price on shares of Chipotle Mexican Grill from $68.00 to $62.00 and set a “buy” rating for the company in a research note on Thursday, July 24th. BTIG Research reaffirmed a “buy” rating and issued a $57.00 target price on shares of Chipotle Mexican Grill in a research note on Friday, September 5th. 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 equities research analysts have rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating and nine have assigned a Hold rating to the stock. Based on data from MarketBeat, Chipotle Mexican Grill has an average rating of “Moderate Buy” and an average price target of $58.93.

Chipotle Mexican Grill Price Performance

Chipotle Mexican Grill stock opened at $39.86 on Friday. The firm has a 50-day moving average of $41.18 and a 200-day moving average of $47.63. Chipotle Mexican Grill, Inc. has a one year low of $38.30 and a one year high of $66.74. The company has a market cap of $53.45 billion, a price-to-earnings ratio of 35.59, a P/E/G ratio of 2.03 and a beta of 0.99.

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

Chipotle Mexican Grill Company 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.