Wright Investors Service Inc. Purchases New Position in Chipotle Mexican Grill, Inc. $CMG

Wright Investors Service Inc. acquired a new stake in Chipotle Mexican Grill, Inc. (NYSE:CMG) in the 3rd quarter, HoldingsChannel.com reports. The fund acquired 16,333 shares of the restaurant operator’s stock, valued at approximately $640,000.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Revolve Wealth Partners LLC lifted its stake in shares of Chipotle Mexican Grill by 4.7% in the 4th quarter. Revolve Wealth Partners LLC now owns 4,804 shares of the restaurant operator’s stock valued at $290,000 after acquiring an additional 214 shares during the last quarter. Bison Wealth LLC acquired a new position in Chipotle Mexican Grill in the 4th quarter worth about $224,000. Empowered Funds LLC raised its position in Chipotle Mexican Grill by 5.5% in the first quarter. Empowered Funds LLC now owns 26,460 shares of the restaurant operator’s stock valued at $1,329,000 after purchasing an additional 1,368 shares during the last quarter. MassMutual Private Wealth & Trust FSB boosted its stake in shares of Chipotle Mexican Grill by 54.9% during the second quarter. MassMutual Private Wealth & Trust FSB now owns 4,872 shares of the restaurant operator’s stock valued at $274,000 after purchasing an additional 1,726 shares in the last quarter. Finally, Financiere des Professionnels Fonds d investissement inc. bought a new stake in shares of Chipotle Mexican Grill during the second quarter worth about $503,000. Institutional investors and hedge funds own 91.30% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the company. Raymond James Financial reaffirmed an “outperform” rating and issued a $40.00 price objective (down previously from $52.00) on shares of Chipotle Mexican Grill in a research note on Thursday, October 30th. Wells Fargo & Company decreased their price target on shares of Chipotle Mexican Grill from $55.00 to $45.00 and set an “overweight” rating for the company in a research report on Thursday, October 30th. Stephens cut their price target on shares of Chipotle Mexican Grill from $48.00 to $35.00 and set an “equal weight” rating on the stock in a report on Thursday, October 30th. Barclays boosted their price objective on shares of Chipotle Mexican Grill from $38.00 to $44.00 and gave the stock an “equal weight” rating in a research note on Wednesday, January 7th. Finally, Northcoast Research lowered Chipotle Mexican Grill from a “buy” rating to a “neutral” rating in a research report on Friday, October 31st. Two analysts have rated the stock with a Strong Buy rating, twenty-three have issued a Buy rating and thirteen have assigned a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $50.00.

Chipotle Mexican Grill Stock Down 0.8%

CMG opened at $40.26 on Friday. Chipotle Mexican Grill, Inc. has a twelve month low of $29.75 and a twelve month high of $59.57. The company has a fifty day moving average of $35.26 and a 200-day moving average of $40.65. The stock has a market cap of $53.23 billion, a PE ratio of 35.63, a price-to-earnings-growth ratio of 3.86 and a beta of 0.97.

Chipotle Mexican Grill (NYSE:CMG) last released its earnings results on Wednesday, October 29th. The restaurant operator reported $0.29 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.29. The business had revenue of $3 billion for the quarter, compared to analyst estimates of $3.06 billion. Chipotle Mexican Grill had a net margin of 13.04% and a return on equity of 45.39%. Chipotle Mexican Grill’s revenue for the quarter was up 7.5% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.27 earnings per share. Sell-side analysts anticipate that Chipotle Mexican Grill, Inc. will post 1.29 EPS for the current fiscal year.

About Chipotle Mexican Grill

Chipotle Mexican Grill is a fast-casual restaurant company known for its Mexican-inspired menu of burritos, bowls, tacos and salads. Founded in 1993 by Steve Ells, the chain emphasizes fresh, customizable meals made from a limited menu of core ingredients and a focus on ingredient quality. Chipotle operates primarily company-owned restaurants and offers dine-in, takeout, catering and delivery through its own digital platforms and third-party partners.

The company is headquartered in Newport Beach, California, and traces its roots to Denver, Colorado.