EP Wealth Advisors LLC Buys Shares of 27,897 Chipotle Mexican Grill, Inc. $CMG

EP Wealth Advisors LLC purchased a new stake in Chipotle Mexican Grill, Inc. (NYSE:CMG) in the 2nd quarter, Holdings Channel.com reports. The institutional investor purchased 27,897 shares of the restaurant operator’s stock, valued at approximately $948,000.

A number of other large investors also recently modified their holdings of the business. Vanguard Group Inc. boosted its position in Chipotle Mexican Grill by 14.8% during the fourth quarter. Vanguard Group Inc. now owns 144,588,220 shares of the restaurant operator’s stock valued at $5,349,764,000 after purchasing an additional 18,660,882 shares during the last quarter. BlackRock Inc. acquired a new stake in shares of Chipotle Mexican Grill in the second quarter valued at approximately $4,417,475,000. Capital World Investors boosted its stake in shares of Chipotle Mexican Grill by 15.8% during the 4th quarter. Capital World Investors now owns 101,688,010 shares of the restaurant operator’s stock worth $3,762,457,000 after acquiring an additional 13,843,222 shares during the period. Price T Rowe Associates Inc. MD raised its stake in Chipotle Mexican Grill by 18.8% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 58,447,867 shares of the restaurant operator’s stock valued at $2,162,572,000 after acquiring an additional 9,237,720 shares during the period. Finally, Capital International Investors boosted its position in Chipotle Mexican Grill by 17.7% during the fourth quarter. Capital International Investors now owns 45,294,212 shares of the restaurant operator’s stock worth $1,675,895,000 after purchasing an additional 6,796,285 shares during the period. 91.30% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages recently commented on CMG. Guggenheim reaffirmed a “neutral” rating and set a $36.00 target price (up from $35.00) on shares of Chipotle Mexican Grill in a report on Friday, July 31st. Royal Bank Of Canada reiterated an “outperform” rating and set a $45.00 target price on shares of Chipotle Mexican Grill in a research note on Thursday, April 30th. Evercore reiterated an “outperform” rating and set a $47.00 price objective on shares of Chipotle Mexican Grill in a research report on Thursday, July 30th. BNP Paribas Exane lifted their price objective on shares of Chipotle Mexican Grill from $37.00 to $39.00 and gave the stock a “neutral” rating in a research note on Thursday, April 30th. Finally, BTIG Research reissued a “buy” rating and set a $45.00 price target on shares of Chipotle Mexican Grill in a research report on Wednesday, August 5th. Twenty-four equities research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $44.16.

Chipotle Mexican Grill Stock Performance

Shares of NYSE:CMG opened at $36.84 on Monday. The company has a market capitalization of $46.62 billion, a PE ratio of 33.80, a price-to-earnings-growth ratio of 2.35 and a beta of 0.94. The company has a fifty day moving average of $33.80 and a 200-day moving average of $33.96. Chipotle Mexican Grill, Inc. has a 52-week low of $28.03 and a 52-week high of $43.72.

Chipotle Mexican Grill (NYSE:CMG) last issued its quarterly earnings data on Wednesday, July 29th. The restaurant operator reported $0.33 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.32 by $0.01. The business had revenue of $3.35 billion during 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 firm’s quarterly revenue was up 9.3% on a year-over-year basis. During the same quarter last year, the business earned $0.33 EPS. On average, equities analysts forecast that Chipotle Mexican Grill, Inc. will post 1.14 EPS for the current fiscal year.

Chipotle Mexican Grill 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.