Chipotle Mexican Grill, Inc. $CMG Shares Purchased by Focus Partners Advisor Solutions LLC

Focus Partners Advisor Solutions LLC increased its stake in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) by 156.9% during the 4th quarter, HoldingsChannel.com reports. The fund owned 58,269 shares of the restaurant operator’s stock after purchasing an additional 35,589 shares during the period. Focus Partners Advisor Solutions LLC’s holdings in Chipotle Mexican Grill were worth $2,156,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Westerkirk Capital Inc. lifted its position in Chipotle Mexican Grill by 74.7% during the 4th quarter. Westerkirk Capital Inc. now owns 178,250 shares of the restaurant operator’s stock worth $6,595,000 after acquiring an additional 76,200 shares in the last quarter. BLI Banque de Luxembourg Investments lifted its position in Chipotle Mexican Grill by 29.8% during the 4th quarter. BLI Banque de Luxembourg Investments now owns 157,000 shares of the restaurant operator’s stock worth $5,818,000 after acquiring an additional 36,000 shares in the last quarter. Waddell & Associates LLC acquired a new position in Chipotle Mexican Grill during the 4th quarter worth approximately $450,000. Cerity Partners LLC lifted its position in Chipotle Mexican Grill by 5.2% during the 4th quarter. Cerity Partners LLC now owns 667,848 shares of the restaurant operator’s stock worth $24,710,000 after acquiring an additional 32,881 shares in the last quarter. Finally, Prudent Man Advisors LLC lifted its position in Chipotle Mexican Grill by 23.0% during the 4th quarter. Prudent Man Advisors LLC now owns 23,692 shares of the restaurant operator’s stock worth $877,000 after acquiring an additional 4,423 shares in the last quarter. 91.30% of the stock is owned by institutional investors and hedge funds.

Chipotle Mexican Grill Trading Up 1.8%

CMG stock opened at $30.41 on Thursday. The firm has a market cap of $39.01 billion, a P/E ratio of 27.90, a P/E/G ratio of 1.92 and a beta of 0.99. Chipotle Mexican Grill, Inc. has a 12-month low of $28.03 and a 12-month high of $58.42. The stock’s 50 day simple moving average is $32.77 and its 200 day simple moving average is $35.21.

Chipotle Mexican Grill (NYSE:CMG) last posted its quarterly earnings results on Wednesday, April 29th. The restaurant operator reported $0.24 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.24. The business had revenue of $3.09 billion for the quarter, compared to analyst estimates of $3.07 billion. Chipotle Mexican Grill had a return on equity of 49.64% and a net margin of 11.96%.The business’s revenue was up 7.4% compared to the same quarter last year. During the same period in the prior year, the company posted $0.29 EPS. On average, research analysts forecast that Chipotle Mexican Grill, Inc. will post 1.13 EPS for the current fiscal year.

Analyst Ratings Changes

CMG has been the topic of several recent research reports. BNP Paribas Exane boosted their price target on Chipotle Mexican Grill from $37.00 to $39.00 and gave the stock a “neutral” rating in a research report on Thursday, April 30th. Piper Sandler cut their target price on Chipotle Mexican Grill from $44.00 to $42.00 and set an “overweight” rating on the stock in a research report on Thursday, April 30th. Mizuho raised Chipotle Mexican Grill from a “neutral” rating to an “outperform” rating and upped their target price for the company from $37.00 to $40.00 in a research report on Friday, March 20th. Citigroup upped their target price on Chipotle Mexican Grill from $44.00 to $46.00 and gave the company a “buy” rating in a research report on Thursday, April 30th. Finally, BTIG Research reaffirmed a “buy” rating and issued a $45.00 target price on shares of Chipotle Mexican Grill in a research report on Thursday, April 30th. Twenty-four research analysts have rated the stock with a Buy rating, ten 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 a consensus target price of $45.48.

Key Chipotle Mexican Grill News

Here are the key news stories impacting Chipotle Mexican Grill this week:

• Positive Sentiment: Analysts and commentators said Chipotle’s recent weakness may be overdone, arguing that consumer demand softness is temporary and that the company’s growth runway is still intact. Chipotle: Consumer Weakness Is Temporary, The Growth Story Remains Intact
• Positive Sentiment: Other market coverage pointed to Chipotle as one of the restaurant stocks that still look attractive despite higher food costs and pressure on dining-out demand, suggesting investors are seeing value in the brand’s scale and earnings power. Chipotle and 5 More Restaurant Stocks That Look Appetizing
• Neutral Sentiment: Recent “buy, sell, or hold” and valuation pieces note that CMG has been underperforming over the past several months, keeping attention on whether the current valuation already reflects the slowdown. Chipotle (CMG): Buy, Sell, or Hold Post Q1 Earnings?
• Neutral Sentiment: Wall Street downgrade commentary also continues to weigh on sentiment, with some investors treating the stock as a hold after a prolonged slump. Wall Street Just Downgraded Chipotle Stock. Here’s What Investors Should Do Next.
• Negative Sentiment: Broader restaurant-industry articles continue to emphasize tough operating conditions, including elevated food costs and weaker consumer spending, which could limit near-term upside for CMG. Chipotle and 5 More Restaurant Stocks That Look Appetizing

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.