Sequoia Financial Advisors LLC Buys 10,620 Shares of Chipotle Mexican Grill, Inc. $CMG

Sequoia Financial Advisors LLC boosted its stake in Chipotle Mexican Grill, Inc. (NYSE:CMG) by 35.2% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 40,801 shares of the restaurant operator’s stock after purchasing an additional 10,620 shares during the period. Sequoia Financial Advisors LLC’s holdings in Chipotle Mexican Grill were worth $2,291,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in CMG. Nuveen LLC purchased a new position in shares of Chipotle Mexican Grill during the 1st quarter worth $535,023,000. Goldman Sachs Group Inc. lifted its stake in shares of Chipotle Mexican Grill by 98.1% during 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 buying an additional 4,903,969 shares in the last quarter. Montrusco Bolton Investments Inc. lifted its stake in shares of Chipotle Mexican Grill by 5,319.7% during 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 buying an additional 4,759,520 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its stake in shares of 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 valued at $2,853,302,000 after buying an additional 4,027,016 shares in the last quarter. Finally, Manning & Napier Advisors LLC purchased a new position in shares of Chipotle Mexican Grill during the 1st quarter valued at $127,892,000. Institutional investors own 91.30% of the company’s stock.

Chipotle Mexican Grill Trading Down 0.8%

Shares of NYSE:CMG opened at $41.77 on Thursday. Chipotle Mexican Grill, Inc. has a 12 month low of $38.30 and a 12 month high of $66.74. The company has a market capitalization of $56.00 billion, a price-to-earnings ratio of 37.29, a PEG ratio of 2.54 and a beta of 0.99. The firm’s 50-day moving average is $41.12 and its 200 day moving average is $47.47.

Chipotle Mexican Grill (NYSE:CMG) last announced its quarterly earnings data on Wednesday, July 23rd. The restaurant operator reported $0.33 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.32 by $0.01. The business had revenue of $3.06 billion during the quarter, compared to the consensus estimate 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% compared to the same quarter last year. During the same quarter last year, the firm earned $0.34 earnings per share. As a group, equities analysts forecast that Chipotle Mexican Grill, Inc. will post 1.29 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages have commented on CMG. Stifel Nicolaus decreased their price target on shares of Chipotle Mexican Grill from $65.00 to $60.00 and set a “buy” rating on the stock in a research note on Tuesday, September 9th. Melius began coverage on shares of Chipotle Mexican Grill in a research note on Monday, July 14th. They issued a “hold” rating and a $60.00 price target on the stock. BMO Capital Markets upgraded shares of Chipotle Mexican Grill from a “market perform” rating to an “outperform” rating and boosted their price target for the stock from $56.00 to $65.00 in a research note on Friday, July 18th. Stephens reiterated an “equal weight” rating and issued a $60.00 price target on shares of Chipotle Mexican Grill in a research note on Monday, September 29th. Finally, Barclays decreased their price target on shares of 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. Two research 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 MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $57.86.

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.