Callan Family Office LLC Raises Position in Chipotle Mexican Grill, Inc. $CMG

Callan Family Office LLC increased its holdings in Chipotle Mexican Grill, Inc. (NYSE:CMG) by 68.6% during the second quarter, Holdings Channel.com reports. The firm owned 126,455 shares of the restaurant operator’s stock after acquiring an additional 51,449 shares during the quarter. Callan Family Office LLC’s holdings in Chipotle Mexican Grill were worth $7,100,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Ascent Group LLC increased its holdings in Chipotle Mexican Grill by 3.5% during the second quarter. Ascent Group LLC now owns 5,752 shares of the restaurant operator’s stock valued at $323,000 after buying an additional 193 shares during the last quarter. E. Ohman J or Asset Management AB increased its stake in shares of Chipotle Mexican Grill by 0.3% in the second quarter. E. Ohman J or Asset Management AB now owns 59,234 shares of the restaurant operator’s stock worth $3,326,000 after purchasing an additional 194 shares in the last quarter. Occidental Asset Management LLC increased its stake in shares of Chipotle Mexican Grill by 2.8% in the second quarter. Occidental Asset Management LLC now owns 7,257 shares of the restaurant operator’s stock worth $407,000 after purchasing an additional 195 shares in the last quarter. Perennial Advisors LLC boosted its position in shares of Chipotle Mexican Grill by 3.1% during the second quarter. Perennial Advisors LLC now owns 6,667 shares of the restaurant operator’s stock worth $374,000 after acquiring an additional 200 shares during the last quarter. Finally, Quent Capital LLC boosted its position in shares of Chipotle Mexican Grill by 2.0% during the second quarter. Quent Capital LLC now owns 10,555 shares of the restaurant operator’s stock worth $593,000 after acquiring an additional 208 shares during the last quarter. Hedge funds and other institutional investors own 91.30% of the company’s stock.

Chipotle Mexican Grill Stock Down 0.2%

CMG stock opened at $40.88 on Friday. The firm has a 50 day moving average of $41.24 and a 200 day moving average of $47.72. The stock has a market capitalization of $54.82 billion, a PE ratio of 36.50, a price-to-earnings-growth ratio of 2.09 and a beta of 0.99. Chipotle Mexican Grill, Inc. has a 52 week low of $38.30 and a 52 week high of $66.74.

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

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on CMG. BTIG Research restated a “buy” rating and set a $57.00 target price on shares of Chipotle Mexican Grill in a research report on Friday, September 5th. Rothschild & Co Redburn upgraded shares of 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. TD Cowen reaffirmed a “buy” rating and issued a $58.00 price target on shares of Chipotle Mexican Grill in a research note on Friday, September 19th. Piper Sandler raised shares of Chipotle Mexican Grill from a “neutral” rating to an “overweight” rating and reduced their price target for the stock from $53.00 to $50.00 in a research note on Tuesday, August 12th. Finally, Melius began coverage on shares of Chipotle Mexican Grill in a research report on Monday, July 14th. They set a “hold” rating and a $60.00 target price on the stock. Two research analysts have rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating and nine have issued a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $59.28.

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.