William Blair Investment Management LLC Makes New Investment in Chipotle Mexican Grill, Inc. $CMG

William Blair Investment Management LLC acquired a new position in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 3,235,762 shares of the restaurant operator’s stock, valued at approximately $110,016,000. William Blair Investment Management LLC owned approximately 0.26% of Chipotle Mexican Grill at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of CMG. Wealth Watch Advisors INC acquired a new stake in Chipotle Mexican Grill during the third quarter worth $25,000. MV Capital Management Inc. bought a new stake in Chipotle Mexican Grill in the 4th quarter valued at $26,000. Meeder Asset Management Inc. acquired a new position in shares of Chipotle Mexican Grill in the 2nd quarter valued at $27,000. Osbon Capital Management LLC acquired a new position in shares of Chipotle Mexican Grill in the 4th quarter valued at $28,000. Finally, Merkkuri Wealth Advisors LLC acquired a new position in shares of Chipotle Mexican Grill in the 1st quarter valued at $28,000. 91.30% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on CMG. Evercore reiterated an “outperform” rating and set a $47.00 target price on shares of Chipotle Mexican Grill in a research report on Thursday, July 30th. TD Cowen reissued a “buy” rating and issued a $44.00 price target on shares of Chipotle Mexican Grill in a research report on Thursday, July 30th. UBS Group restated a “buy” rating on shares of Chipotle Mexican Grill in a research note on Friday, July 31st. BTIG Research restated a “buy” rating and set a $45.00 price target on shares of Chipotle Mexican Grill in a research note on Wednesday, August 5th. Finally, Stephens reaffirmed a “positive” rating and set a $40.00 price objective (up from $36.00) on shares of Chipotle Mexican Grill in a report on Thursday, July 30th. Twenty-four analysts have rated the stock with a Buy rating and nine have given a Hold rating to the stock. Based on data from MarketBeat.com, Chipotle Mexican Grill presently has a consensus rating of “Moderate Buy” and a consensus price target of $44.16.

Chipotle Mexican Grill Stock Up 4.4%

Shares of Chipotle Mexican Grill stock opened at $36.84 on Friday. Chipotle Mexican Grill, Inc. has a 12-month low of $28.03 and a 12-month high of $43.72. The stock has a market capitalization of $46.62 billion, a P/E ratio of 33.80, a price-to-earnings-growth ratio of 2.25 and a beta of 0.94. The company has a 50-day simple moving average of $33.80 and a 200 day simple moving average of $33.99.

Chipotle Mexican Grill (NYSE:CMG) last released its quarterly earnings results on Wednesday, July 29th. The restaurant operator reported $0.33 EPS for the quarter, beating analysts’ consensus estimates of $0.32 by $0.01. The firm had revenue of $3.35 billion for the quarter, compared to analyst estimates of $3.33 billion. Chipotle Mexican Grill had a net margin of 11.43% and a return on equity of 54.65%. The company’s revenue for the quarter was up 9.3% compared to the same quarter last year. During the same period in the previous year, the business earned $0.33 earnings per share. On average, equities analysts anticipate that Chipotle Mexican Grill, Inc. will post 1.14 earnings per share for the current year.

Chipotle Mexican Grill Company Profile

Chipotle Mexican Grill is a fast-casual restaurant company known for its Mexican-inspired menu of burritos, bowls, tacos and salads. Founded in 1993 by Steve Ells, the chain emphasizes fresh, customizable meals made from a limited menu of core ingredients and a focus on ingredient quality. Chipotle operates primarily company-owned restaurants and offers dine-in, takeout, catering and delivery through its own digital platforms and third-party partners.

The company is headquartered in Newport Beach, California, and traces its roots to Denver, Colorado.