Chipotle Mexican Grill, Inc. $CMG Shares Purchased by Signature Estate & Investment Advisors LLC

Signature Estate & Investment Advisors LLC increased its stake in Chipotle Mexican Grill, Inc. (NYSE:CMGFree Report) by 8.3% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 251,116 shares of the restaurant operator’s stock after purchasing an additional 19,159 shares during the quarter. Signature Estate & Investment Advisors LLC’s holdings in Chipotle Mexican Grill were worth $9,841,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in CMG. Smartleaf Asset Management LLC grew its position in Chipotle Mexican Grill by 78.0% during the third quarter. Smartleaf Asset Management LLC now owns 9,116 shares of the restaurant operator’s stock valued at $364,000 after purchasing an additional 3,996 shares in the last quarter. Twin Capital Management Inc. boosted its position in Chipotle Mexican Grill by 28.6% during the third quarter. Twin Capital Management Inc. now owns 44,734 shares of the restaurant operator’s stock valued at $1,753,000 after purchasing an additional 9,937 shares during the last quarter. Appleton Partners Inc. MA grew its stake in Chipotle Mexican Grill by 1.1% in the third quarter. Appleton Partners Inc. MA now owns 208,963 shares of the restaurant operator’s stock valued at $8,189,000 after purchasing an additional 2,172 shares in the last quarter. Wellington Shields & Co. LLC grew its stake in shares of Chipotle Mexican Grill by 20.0% in the 3rd quarter. Wellington Shields & Co. LLC now owns 19,200 shares of the restaurant operator’s stock valued at $752,000 after buying an additional 3,200 shares in the last quarter. Finally, Modus Advisors LLC grew its position in Chipotle Mexican Grill by 2.0% in the third quarter. Modus Advisors LLC now owns 51,876 shares of the restaurant operator’s stock worth $2,033,000 after acquiring an additional 1,004 shares in the last quarter. 91.30% of the stock is currently owned by hedge funds and other institutional investors.

Chipotle Mexican Grill Trading Up 2.5%

Shares of NYSE CMG opened at $39.42 on Friday. The firm has a market capitalization of $51.34 billion, a price-to-earnings ratio of 34.58, a PEG ratio of 2.53 and a beta of 0.99. Chipotle Mexican Grill, Inc. has a one year low of $29.75 and a one year high of $59.09. The business has a fifty day simple moving average of $37.79 and a 200 day simple moving average of $38.79.

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

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on CMG. Citigroup boosted their price target on Chipotle Mexican Grill from $48.00 to $49.00 and gave the stock a “buy” rating in a research report on Wednesday. TD Cowen reissued a “buy” rating and issued a $44.00 price objective on shares of Chipotle Mexican Grill in a research note on Wednesday. Gordon Haskett cut Chipotle Mexican Grill from a “strong-buy” rating to a “hold” rating in a research report on Thursday, January 8th. Jefferies Financial Group lowered their price target on Chipotle Mexican Grill from $48.00 to $44.00 and set a “hold” rating on the stock in a report on Monday, October 13th. Finally, Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a $48.00 price objective on shares of Chipotle Mexican Grill in a research note on Wednesday. Twenty-two analysts have rated the stock with a Buy rating and twelve have assigned a Hold rating to the company. According to data from MarketBeat.com, Chipotle Mexican Grill presently has a consensus rating of “Moderate Buy” and a consensus price target of $47.24.

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Chipotle Mexican Grill Profile

(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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