Ceeto Capital Group LLC Purchases Shares of 26,500 Chipotle Mexican Grill, Inc. $CMG

Ceeto Capital Group LLC acquired a new position in shares of Chipotle Mexican Grill, Inc. (NYSE:CMGFree Report) in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 26,500 shares of the restaurant operator’s stock, valued at approximately $1,039,000.

A number of other institutional investors also recently made changes to their positions in CMG. Sarasin & Partners LLP lifted its holdings in Chipotle Mexican Grill by 1.1% during the 3rd quarter. Sarasin & Partners LLP now owns 2,565,111 shares of the restaurant operator’s stock worth $102,348,000 after purchasing an additional 27,366 shares during the last quarter. Rexford Capital Inc. grew its holdings in Chipotle Mexican Grill by 3,266.1% in the 3rd quarter. Rexford Capital Inc. now owns 14,676 shares of the restaurant operator’s stock valued at $575,000 after buying an additional 14,240 shares in the last quarter. Union Bancaire Privee UBP SA grew its holdings in Chipotle Mexican Grill by 76.3% in the 3rd quarter. Union Bancaire Privee UBP SA now owns 356,986 shares of the restaurant operator’s stock valued at $13,333,000 after buying an additional 154,512 shares in the last quarter. Allspring Global Investments Holdings LLC increased its position in Chipotle Mexican Grill by 34.2% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 283,407 shares of the restaurant operator’s stock worth $11,044,000 after buying an additional 72,167 shares during the period. Finally, Nomura Asset Management Co. Ltd. increased its position in Chipotle Mexican Grill by 3.1% during the 2nd quarter. Nomura Asset Management Co. Ltd. now owns 748,879 shares of the restaurant operator’s stock worth $42,050,000 after buying an additional 22,472 shares during the period. Institutional investors own 91.30% of the company’s stock.

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Chipotle Mexican Grill Stock Performance

CMG opened at $32.51 on Friday. Chipotle Mexican Grill, Inc. has a 52-week low of $29.75 and a 52-week high of $58.42. The firm has a market cap of $42.34 billion, a P/E ratio of 28.51, a price-to-earnings-growth ratio of 2.00 and a beta of 1.00. The business’s fifty day moving average is $38.03 and its 200-day moving average is $37.54.

Chipotle Mexican Grill (NYSE:CMGGet Free Report) last posted its quarterly earnings results on Tuesday, February 3rd. The restaurant operator reported $0.25 EPS for the quarter, beating analysts’ consensus estimates of $0.24 by $0.01. Chipotle Mexican Grill had a return on equity of 47.99% and a net margin of 12.88%.The business had revenue of $2.98 billion during the quarter, compared to the consensus estimate of $2.96 billion. During the same quarter in the previous year, the firm earned $0.25 earnings per share. Chipotle Mexican Grill’s revenue for the quarter was up 4.9% compared to the same quarter last year. On average, research analysts predict that Chipotle Mexican Grill, Inc. will post 1.29 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on CMG. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a $48.00 target price on shares of Chipotle Mexican Grill in a research report on Wednesday, February 4th. Stephens reaffirmed an “equal weight” rating and set a $35.00 price target on shares of Chipotle Mexican Grill in a research report on Wednesday, February 4th. Morgan Stanley dropped their price objective on shares of Chipotle Mexican Grill from $50.00 to $49.00 and set an “overweight” rating for the company in a research note on Wednesday, February 4th. Weiss Ratings reissued a “hold (c-)” rating on shares of Chipotle Mexican Grill in a report on Monday, December 29th. Finally, Argus restated a “hold” rating on shares of Chipotle Mexican Grill in a research report on Thursday, February 5th. Twenty-three research analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, Chipotle Mexican Grill has an average rating of “Moderate Buy” and an average target price of $47.37.

Read Our Latest Analysis on CMG

About Chipotle Mexican Grill

(Free Report)

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.

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Institutional Ownership by Quarter for Chipotle Mexican Grill (NYSE:CMG)

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