Evermay Wealth Management LLC Acquires 1,109 Shares of Chipotle Mexican Grill, Inc. $CMG

Evermay Wealth Management LLC boosted its holdings in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) by 8.9% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 13,555 shares of the restaurant operator’s stock after purchasing an additional 1,109 shares during the quarter. Evermay Wealth Management LLC’s holdings in Chipotle Mexican Grill were worth $761,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Vanguard Group Inc. lifted its holdings in shares of Chipotle Mexican Grill by 1.3% in the first quarter. Vanguard Group Inc. now owns 122,463,327 shares of the restaurant operator’s stock worth $6,148,884,000 after buying an additional 1,597,287 shares in the last quarter. Price T Rowe Associates Inc. MD grew its stake in 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 in the last quarter. Alliancebernstein L.P. increased its holdings in Chipotle Mexican Grill by 8.0% in the 1st quarter. Alliancebernstein L.P. now owns 32,505,318 shares of the restaurant operator’s stock valued at $1,632,092,000 after acquiring an additional 2,404,798 shares during the last quarter. American Century Companies Inc. lifted its stake in Chipotle Mexican Grill by 2.1% in the 1st quarter. American Century Companies Inc. now owns 20,662,628 shares of the restaurant operator’s stock worth $1,037,471,000 after purchasing an additional 425,648 shares in the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its stake in Chipotle Mexican Grill by 8.1% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 11,111,416 shares of the restaurant operator’s stock worth $557,904,000 after purchasing an additional 833,760 shares in the last quarter. 91.30% of the stock is currently owned by institutional investors.

Chipotle Mexican Grill Price Performance

NYSE:CMG opened at $41.93 on Monday. The firm has a market capitalization of $56.22 billion, a price-to-earnings ratio of 37.43, a PEG ratio of 2.53 and a beta of 0.99. The business has a 50 day simple moving average of $41.11 and a 200-day simple moving average of $47.29. Chipotle Mexican Grill, Inc. has a 1 year low of $38.30 and a 1 year high of $66.74.

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

Analysts Set New Price Targets

CMG has been the subject of a number of research analyst reports. Barclays cut their price objective on Chipotle Mexican Grill from $55.00 to $53.00 and set an “equal weight” rating for the company in a research report on Thursday, July 24th. Jefferies Financial Group dropped their price target on Chipotle Mexican Grill from $48.00 to $44.00 and set a “hold” rating for the company in a research note on Monday, October 13th. Stifel Nicolaus cut their price target 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. BTIG Research reaffirmed a “buy” rating and set a $57.00 price objective on shares of Chipotle Mexican Grill in a report on Friday, September 5th. Finally, KeyCorp cut their target price on shares of Chipotle Mexican Grill from $60.00 to $58.00 and set an “overweight” rating for the company in a report on Thursday, July 24th. Two research analysts have rated the stock with a Strong Buy rating, twenty-one have given a Buy rating and nine have given a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $57.55.

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.