NorthRock Partners LLC Boosts Stock Position in Chipotle Mexican Grill, Inc. $CMG

NorthRock Partners LLC grew its position in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) by 37.5% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 17,952 shares of the restaurant operator’s stock after buying an additional 4,894 shares during the period. NorthRock Partners LLC’s holdings in Chipotle Mexican Grill were worth $1,008,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Vanguard Group Inc. raised its holdings 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 acquiring an additional 1,597,287 shares in the last quarter. Price T Rowe Associates Inc. MD grew its position in Chipotle Mexican Grill by 7.6% during 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 acquiring an additional 4,027,016 shares during the last quarter. Alliancebernstein L.P. grew its position in Chipotle Mexican Grill by 8.0% during the 1st quarter. Alliancebernstein L.P. now owns 32,505,318 shares of the restaurant operator’s stock worth $1,632,092,000 after acquiring an additional 2,404,798 shares during the last quarter. American Century Companies Inc. grew its position in Chipotle Mexican Grill by 2.1% during 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 acquiring an additional 425,648 shares during the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position in Chipotle Mexican Grill by 8.1% during 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 acquiring an additional 833,760 shares during the last quarter. 91.30% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on CMG. Raymond James Financial reduced their price target on Chipotle Mexican Grill from $60.00 to $56.00 and set an “outperform” rating on the stock in a research report on Friday, August 15th. Stifel Nicolaus reduced their price target on Chipotle Mexican Grill from $65.00 to $60.00 and set a “buy” rating on the stock in a research report on Tuesday, September 9th. UBS Group increased their price objective on Chipotle Mexican Grill from $60.00 to $65.00 and gave the stock a “buy” rating in a report on Thursday, July 17th. Barclays dropped their price objective on Chipotle Mexican Grill from $55.00 to $53.00 and set an “equal weight” rating for the company in a report on Thursday, July 24th. Finally, BTIG Research reiterated a “buy” rating and issued a $57.00 price objective on shares of Chipotle Mexican Grill in a report on Friday, September 5th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating and nine have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $58.31.

Chipotle Mexican Grill Stock Up 2.7%

CMG opened at $40.91 on Tuesday. The stock has a market cap of $54.85 billion, a PE ratio of 36.52, a PEG ratio of 2.04 and a beta of 0.99. The business has a 50 day moving average of $41.15 and a 200-day moving average of $47.55. Chipotle Mexican Grill, Inc. has a 52 week low of $38.30 and a 52 week high of $66.74.

Chipotle Mexican Grill (NYSE:CMG) last released its 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. The company had revenue of $3.06 billion during the quarter, compared to analysts’ expectations of $3.11 billion. Chipotle Mexican Grill had a return on equity of 43.50% and a net margin of 13.32%.The firm’s revenue for the quarter was up 3.0% compared to the same quarter last year. During the same quarter last year, the business posted $0.34 EPS. Equities analysts anticipate that Chipotle Mexican Grill, Inc. will post 1.29 EPS for the current 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.