Whelan Financial Boosts Stock Position in Chipotle Mexican Grill, Inc. $CMG

Whelan Financial raised its position in Chipotle Mexican Grill, Inc. (NYSE:CMG) by 44.7% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 10,626 shares of the restaurant operator’s stock after buying an additional 3,280 shares during the quarter. Whelan Financial’s holdings in Chipotle Mexican Grill were worth $597,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. DHJJ Financial Advisors Ltd. bought a new stake in shares of Chipotle Mexican Grill during the 2nd quarter valued at $140,000. River Street Advisors LLC boosted its holdings in shares of Chipotle Mexican Grill by 3.2% in the 2nd quarter. River Street Advisors LLC now owns 11,860 shares of the restaurant operator’s stock worth $666,000 after purchasing an additional 371 shares in the last quarter. Hilltop National Bank purchased a new stake in Chipotle Mexican Grill during the 2nd quarter valued at about $2,579,000. OLD Second National Bank of Aurora boosted its holdings in Chipotle Mexican Grill by 1.4% during the 2nd quarter. OLD Second National Bank of Aurora now owns 38,720 shares of the restaurant operator’s stock valued at $2,174,000 after acquiring an additional 519 shares during the period. Finally, Triad Wealth Partners LLC boosted its holdings in Chipotle Mexican Grill by 23.2% during the 2nd quarter. Triad Wealth Partners LLC now owns 8,976 shares of the restaurant operator’s stock valued at $504,000 after acquiring an additional 1,693 shares during the period. 91.30% of the stock is currently owned by institutional investors.

Chipotle Mexican Grill Stock Up 3.3%

CMG stock opened at $40.25 on Friday. Chipotle Mexican Grill, Inc. has a twelve month low of $38.30 and a twelve month high of $66.74. The firm has a market cap of $53.97 billion, a PE ratio of 35.94, a price-to-earnings-growth ratio of 1.98 and a beta of 0.99. The business has a 50 day moving average of $41.57 and a 200 day moving average of $47.98.

Chipotle Mexican Grill (NYSE:CMG) last posted its quarterly earnings data on Wednesday, July 23rd. The restaurant operator reported $0.33 earnings per share for the quarter, beating analysts’ consensus estimates of $0.32 by $0.01. Chipotle Mexican Grill had a return on equity of 43.50% and a net margin of 13.32%.The company had revenue of $3.06 billion during the quarter, compared to analyst estimates of $3.11 billion. During the same quarter last year, the company earned $0.34 EPS. The firm’s revenue for the quarter was up 3.0% on a year-over-year basis. On average, research analysts expect that Chipotle Mexican Grill, Inc. will post 1.29 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts recently weighed in on CMG shares. Rothschild & Co Redburn upgraded Chipotle Mexican Grill from a “neutral” rating to a “buy” rating and set a $55.00 target price for the company in a report on Wednesday, September 3rd. Rothschild Redb upgraded Chipotle Mexican Grill from a “hold” rating to a “strong-buy” rating in a report on Wednesday, September 3rd. UBS Group increased their target price on Chipotle Mexican Grill from $60.00 to $65.00 and gave the company a “buy” rating in a report on Thursday, July 17th. Sanford C. Bernstein dropped their target price on Chipotle Mexican Grill from $65.00 to $60.00 and set an “outperform” rating for the company in a report on Thursday. Finally, Stifel Nicolaus dropped their target price on Chipotle Mexican Grill from $65.00 to $60.00 and set a “buy” rating for the company in a report on Tuesday, September 9th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-one have given a Buy rating and eight have assigned a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $59.41.

About Chipotle Mexican Grill

Chipotle Mexican Grill, Inc, together with its subsidiaries, owns and operates Chipotle Mexican Grill restaurants. It sells food and beverages through offering burritos, burrito bowls, quesadillas, tacos, and salads. The company also provides delivery and related services its app and website. It has operations in the United States, Canada, France, Germany, and the United Kingdom.