Citizens Financial Group Inc. RI Has $874,000 Stake in Chipotle Mexican Grill, Inc. $CMG

Citizens Financial Group Inc. RI raised its stake in Chipotle Mexican Grill, Inc. (NYSE:CMG) by 56.6% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 15,572 shares of the restaurant operator’s stock after acquiring an additional 5,630 shares during the period. Citizens Financial Group Inc. RI’s holdings in Chipotle Mexican Grill were worth $874,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Saudi Central Bank acquired a new stake in shares of Chipotle Mexican Grill in the 1st quarter valued at $27,000. 1248 Management LLC acquired a new position in Chipotle Mexican Grill in the first quarter valued at about $27,000. Signature Resources Capital Management LLC bought a new stake in Chipotle Mexican Grill during the second quarter worth about $28,000. Oliver Lagore Vanvalin Investment Group bought a new stake in Chipotle Mexican Grill during the second quarter worth about $29,000. Finally, Activest Wealth Management increased its holdings in shares of Chipotle Mexican Grill by 109.3% during the second quarter. Activest Wealth Management now owns 517 shares of the restaurant operator’s stock worth $29,000 after buying an additional 270 shares in the last quarter. 91.30% of the stock is owned by institutional investors.

Chipotle Mexican Grill Price Performance

CMG stock opened at $30.79 on Wednesday. The company has a 50 day moving average price of $37.81 and a 200 day moving average price of $45.08. Chipotle Mexican Grill, Inc. has a fifty-two week low of $29.75 and a fifty-two week high of $66.74. The stock has a market capitalization of $40.71 billion, a PE ratio of 27.25, a price-to-earnings-growth ratio of 2.65 and a beta of 0.98.

Chipotle Mexican Grill (NYSE:CMG) last released its earnings results on Wednesday, October 29th. The restaurant operator reported $0.29 EPS for the quarter, meeting the consensus estimate of $0.29. The company had revenue of $3 billion during the quarter, compared to analysts’ expectations of $3.06 billion. Chipotle Mexican Grill had a return on equity of 44.32% and a net margin of 13.04%.The business’s revenue for the quarter was up 7.5% on a year-over-year basis. During the same period last year, the firm earned $0.27 EPS. As a group, equities 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 topic of several recent analyst reports. Northcoast Research downgraded Chipotle Mexican Grill from a “buy” rating to a “neutral” rating in a report on Friday, October 31st. Wells Fargo & Company cut their price objective on Chipotle Mexican Grill from $55.00 to $45.00 and set an “overweight” rating for the company in a research report on Thursday, October 30th. Mizuho set a $34.00 price objective on Chipotle Mexican Grill in a research note on Thursday, October 30th. Robert W. Baird lowered their target price on Chipotle Mexican Grill from $59.00 to $49.00 and set an “outperform” rating for the company in a research note on Friday, October 10th. Finally, Royal Bank Of Canada cut their price target on Chipotle Mexican Grill from $58.00 to $40.00 and set an “outperform” rating for the company in a report on Thursday, October 30th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating, eleven have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, Chipotle Mexican Grill has an average rating of “Moderate Buy” and a consensus price target of $49.81.

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.