Orion Porfolio Solutions LLC Boosts Stake in Chipotle Mexican Grill, Inc. $CMG

Orion Porfolio Solutions LLC raised its stake in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) by 145.2% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 225,082 shares of the restaurant operator’s stock after acquiring an additional 133,274 shares during the period. Orion Porfolio Solutions LLC’s holdings in Chipotle Mexican Grill were worth $12,638,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its position in shares of Chipotle Mexican Grill by 0.8% in the second quarter. Vanguard Group Inc. now owns 123,457,125 shares of the restaurant operator’s stock valued at $6,932,118,000 after purchasing an additional 993,798 shares during the last quarter. Price T Rowe Associates Inc. MD grew its stake in shares of Chipotle Mexican Grill by 7.6% during the 1st 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 buying an additional 4,027,016 shares during the period. Alliancebernstein L.P. increased its position in Chipotle Mexican Grill by 1.9% during the 2nd quarter. Alliancebernstein L.P. now owns 33,111,508 shares of the restaurant operator’s stock worth $1,859,211,000 after purchasing an additional 606,190 shares in the last quarter. Geode Capital Management LLC raised its position in Chipotle Mexican Grill by 1.1% in the second quarter. Geode Capital Management LLC now owns 29,659,508 shares of the restaurant operator’s stock valued at $1,657,193,000 after purchasing an additional 325,926 shares during the period. Finally, American Century Companies Inc. raised its stake in shares of Chipotle Mexican Grill by 2.9% during the second quarter. American Century Companies Inc. now owns 21,257,666 shares of the restaurant operator’s stock valued at $1,193,618,000 after purchasing an additional 595,038 shares during the period. Institutional investors and hedge funds own 91.30% of the company’s stock.

Analysts Set New Price Targets

CMG has been the topic of a number of recent analyst reports. Rothschild Redb raised Chipotle Mexican Grill from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, September 3rd. Truist Financial decreased their price objective on shares of Chipotle Mexican Grill from $53.00 to $45.00 and set a “buy” rating for the company in a report on Thursday, October 30th. Weiss Ratings reissued a “hold (c-)” rating on shares of Chipotle Mexican Grill in a research note on Monday, December 8th. Jefferies Financial Group cut their price objective on Chipotle Mexican Grill from $48.00 to $44.00 and set a “hold” rating on the stock in a report on Monday, October 13th. Finally, BMO Capital Markets reiterated an “outperform” rating on shares of Chipotle Mexican Grill in a report on Thursday, October 30th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating, eleven have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $49.81.

Chipotle Mexican Grill Stock Performance

NYSE CMG opened at $36.13 on Monday. Chipotle Mexican Grill, Inc. has a 52 week low of $29.75 and a 52 week high of $66.43. The stock has a market capitalization of $47.77 billion, a P/E ratio of 31.97, a price-to-earnings-growth ratio of 3.69 and a beta of 0.99. The stock has a fifty day moving average of $35.63 and a 200-day moving average of $42.85.

Chipotle Mexican Grill (NYSE:CMG) last announced its quarterly earnings results on Wednesday, October 29th. The restaurant operator reported $0.29 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.29. Chipotle Mexican Grill had a net margin of 13.04% and a return on equity of 45.39%. The business had revenue of $3 billion for the quarter, compared to the consensus estimate of $3.06 billion. During the same period last year, the company posted $0.27 EPS. Chipotle Mexican Grill’s revenue for the quarter was up 7.5% on a year-over-year basis. Equities research analysts forecast that Chipotle Mexican Grill, Inc. will post 1.29 earnings per share 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.