Jacobs & Co. CA Buys 21,406 Shares of Chipotle Mexican Grill, Inc. $CMG

Jacobs & Co. CA raised its position in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) by 8.5% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 273,055 shares of the restaurant operator’s stock after acquiring an additional 21,406 shares during the quarter. Jacobs & Co. CA’s holdings in Chipotle Mexican Grill were worth $9,283,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the company. Wealth Watch Advisors INC purchased a new stake in Chipotle Mexican Grill in the third quarter worth $25,000. MV Capital Management Inc. bought a new stake in shares of Chipotle Mexican Grill during the 4th quarter valued at $26,000. Osbon Capital Management LLC purchased a new stake in shares of Chipotle Mexican Grill in the 4th quarter worth about $28,000. Merkkuri Wealth Advisors LLC bought a new position in shares of Chipotle Mexican Grill in the 1st quarter worth about $28,000. Finally, Rule One Partners LLC purchased a new position in Chipotle Mexican Grill during the 1st quarter valued at about $32,000. Institutional investors own 91.30% of the company’s stock.

Chipotle Mexican Grill News Roundup

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

• Positive Sentiment: Analyst support remains intact: BTIG Research reaffirmed its Buy rating, while Argus raised its price target to $45, indicating that some analysts view the selloff as excessive and believe Chipotle’s long-term growth story remains attractive. BTIG Research Reaffirms Buy Rating for Chipotle Mexican Grill Argus Raises Chipotle Price Target
• Neutral Sentiment: Recent quarterly results were slightly better than expected: Chipotle reported adjusted earnings of $0.33 per share versus the $0.32 consensus estimate and revenue of $3.35 billion versus expectations of $3.33 billion. Comparable sales rebounded 2.2%, supported by menu innovation and an improved rewards program, although higher food and labor costs pressured profitability. Chipotle: One Good Quarter Doesn’t Reset the Risk Profile
• Negative Sentiment: Food-safety concerns are driving the selloff: The CDC linked a Salmonella outbreak across 27 states to jalapeño peppers served at Chipotle and other Mexican-style restaurants. Reports say hundreds of people have been sickened, while authorities continue investigating the source and whether contaminated peppers reached grocery stores. Chipotle Stock Extends Slide After CDC Links Salmonella Outbreak to Jalapeños
• Negative Sentiment: Potential business and reputation risks are increasing: Chipotle removed jalapeños from Minnesota restaurants, shifted to another supplier and is cooperating with health officials. Investors are concerned about restaurant disruptions, possible liability and damage to customer traffic, particularly because the incident recalls the company’s prior food-safety crisis. Chipotle Pulls Jalapeños After Minnesota Salmonella Outbreak
• Negative Sentiment: Valuation and margin pressure add to the downside: One analysis argued that the recent earnings beat does not resolve concerns about declining earnings, compressed restaurant-level margins and a still-demanding valuation. The outbreak creates an additional risk for a stock already facing pressure from rising operating costs. Chipotle Stock Falls Further as CDC Confirms Salmonella Outbreak

Analyst Ratings Changes

Several equities research analysts recently commented on CMG shares. Mizuho boosted their price objective on shares of Chipotle Mexican Grill from $40.00 to $41.00 and gave the stock an “outperform” rating in a research note on Monday, July 13th. Citigroup dropped their price target on Chipotle Mexican Grill from $46.00 to $45.00 and set a “buy” rating on the stock in a research report on Monday, July 13th. BNP Paribas Exane upped their price target on Chipotle Mexican Grill from $37.00 to $39.00 and gave the stock a “neutral” rating in a research note on Thursday, April 30th. BTIG Research reaffirmed a “buy” rating and set a $45.00 price objective on shares of Chipotle Mexican Grill in a research report on Wednesday. Finally, Evercore reiterated an “outperform” rating and set a $47.00 price objective on shares of Chipotle Mexican Grill in a research note on Thursday, July 30th. Twenty-four equities research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $44.16.

Chipotle Mexican Grill Trading Down 2.7%

Shares of CMG opened at $32.78 on Friday. The firm has a market cap of $41.48 billion, a PE ratio of 30.08, a P/E/G ratio of 2.09 and a beta of 0.94. Chipotle Mexican Grill, Inc. has a 1-year low of $28.03 and a 1-year high of $44.27. The firm has a fifty day simple moving average of $33.06 and a two-hundred day simple moving average of $34.42.

Chipotle Mexican Grill (NYSE:CMG) last posted its quarterly earnings data on Wednesday, July 29th. The restaurant operator reported $0.33 EPS for the quarter, beating analysts’ consensus estimates of $0.32 by $0.01. The company had revenue of $3.35 billion during the quarter, compared to analysts’ expectations of $3.33 billion. Chipotle Mexican Grill had a return on equity of 54.65% and a net margin of 11.43%.Chipotle Mexican Grill’s revenue for the quarter was up 9.3% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.33 earnings per share. As a group, research analysts forecast that Chipotle Mexican Grill, Inc. will post 1.14 EPS for the current fiscal year.

Chipotle Mexican Grill Profile

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.