3Chopt Investment Partners LLC Raises Stock Position in Chipotle Mexican Grill, Inc. $CMG

3Chopt Investment Partners LLC boosted its position in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) by 6.9% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 9,499 shares of the restaurant operator’s stock after purchasing an additional 613 shares during the period. 3Chopt Investment Partners LLC’s holdings in Chipotle Mexican Grill were worth $533,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Nuveen LLC acquired a new stake in shares of Chipotle Mexican Grill during the first quarter valued at about $535,023,000. Goldman Sachs Group Inc. increased its position in shares of Chipotle Mexican Grill by 98.1% during the first quarter. Goldman Sachs Group Inc. now owns 9,900,521 shares of the restaurant operator’s stock valued at $497,105,000 after acquiring an additional 4,903,969 shares during the last quarter. Montrusco Bolton Investments Inc. increased its position in shares of Chipotle Mexican Grill by 5,319.7% during the first quarter. Montrusco Bolton Investments Inc. now owns 4,848,990 shares of the restaurant operator’s stock valued at $235,580,000 after acquiring an additional 4,759,520 shares during the last quarter. Price T Rowe Associates Inc. MD increased its position in shares of Chipotle Mexican Grill by 7.6% during the first quarter. Price T Rowe Associates Inc. MD now owns 56,827,332 shares of the restaurant operator’s stock valued at $2,853,302,000 after acquiring an additional 4,027,016 shares during the last quarter. Finally, Manning & Napier Advisors LLC acquired a new stake in shares of Chipotle Mexican Grill during the first quarter valued at about $127,892,000. 91.30% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the stock. Citigroup dropped their price target on shares of Chipotle Mexican Grill from $68.00 to $62.00 and set a “buy” rating for the company in a research report on Thursday, July 24th. Truist Financial dropped their price objective on shares of Chipotle Mexican Grill from $64.00 to $60.00 and set a “buy” rating for the company in a report on Friday, July 25th. Evercore ISI dropped their price objective on shares of Chipotle Mexican Grill from $57.00 to $53.00 and set an “outperform” rating for the company in a report on Tuesday. Rothschild Redb upgraded shares of Chipotle Mexican Grill from a “hold” rating to a “strong-buy” rating in a report on Wednesday, September 3rd. Finally, Melius initiated coverage on shares of Chipotle Mexican Grill in a report on Monday, July 14th. They issued a “hold” rating and a $60.00 price objective for the company. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating and nine have assigned a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $59.28.

Chipotle Mexican Grill Trading Down 0.2%

Shares of NYSE:CMG opened at $40.88 on Friday. The company has a market capitalization of $54.82 billion, a PE ratio of 36.50, a P/E/G ratio of 2.09 and a beta of 0.99. Chipotle Mexican Grill, Inc. has a twelve month low of $38.30 and a twelve month high of $66.74. The firm has a 50 day simple moving average of $41.24 and a 200-day simple moving average of $47.72.

Chipotle Mexican Grill (NYSE:CMG) last issued its quarterly earnings data on Wednesday, July 23rd. The restaurant operator reported $0.33 earnings per share for the quarter, topping the consensus estimate of $0.32 by $0.01. The business had revenue of $3.06 billion during the quarter, compared to the consensus estimate of $3.11 billion. Chipotle Mexican Grill had a net margin of 13.32% and a return on equity of 43.50%. The company’s revenue was up 3.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.34 EPS. As a group, equities research analysts predict that Chipotle Mexican Grill, Inc. will post 1.29 EPS for the current fiscal year.

Chipotle Mexican Grill Company Profile

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.