33,143 Shares in Chipotle Mexican Grill, Inc. $CMG Acquired by United Capital Financial Advisors LLC

United Capital Financial Advisors LLC acquired a new position in Chipotle Mexican Grill, Inc. (NYSE:CMG) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 33,143 shares of the restaurant operator’s stock, valued at approximately $1,127,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Revolve Wealth Partners LLC raised its position in Chipotle Mexican Grill by 4.7% in the 4th quarter. Revolve Wealth Partners LLC now owns 4,804 shares of the restaurant operator’s stock worth $290,000 after purchasing an additional 214 shares during the period. Groupama Asset Managment lifted its stake in shares of Chipotle Mexican Grill by 1.9% in the 4th quarter. Groupama Asset Managment now owns 15,596 shares of the restaurant operator’s stock valued at $568,000 after acquiring an additional 291 shares during the last quarter. Catalyst Financial Partners LLC grew its position in Chipotle Mexican Grill by 4.6% during the 4th quarter. Catalyst Financial Partners LLC now owns 6,763 shares of the restaurant operator’s stock worth $250,000 after acquiring an additional 298 shares during the last quarter. Citizens Financial Group Inc. RI boosted its stake in shares of Chipotle Mexican Grill by 2.5% during the first quarter. Citizens Financial Group Inc. RI now owns 12,708 shares of the restaurant operator’s stock valued at $407,000 after purchasing an additional 311 shares during the period. Finally, Annis Gardner Whiting Capital Advisors LLC boosted its position in Chipotle Mexican Grill by 14.3% during the 4th quarter. Annis Gardner Whiting Capital Advisors LLC now owns 2,523 shares of the restaurant operator’s stock valued at $93,000 after buying an additional 316 shares during the period. Institutional investors own 91.30% of the company’s stock.

Chipotle Mexican Grill Stock Performance

NYSE CMG opened at $38.08 on Friday. The company has a market capitalization of $48.19 billion, a price-to-earnings ratio of 34.94, a PEG ratio of 2.42 and a beta of 0.94. The stock has a 50-day moving average of $34.33 and a 200 day moving average of $33.94. Chipotle Mexican Grill, Inc. has a one year low of $28.03 and a one year high of $42.81.

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

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on CMG. DA Davidson lifted their price objective on Chipotle Mexican Grill from $45.00 to $50.00 and gave the stock a “buy” rating in a research report on Thursday, July 30th. TD Cowen restated a “buy” rating and issued a $44.00 price objective on shares of Chipotle Mexican Grill in a report on Thursday, July 30th. Evercore reaffirmed an “outperform” rating and set a $47.00 price objective on shares of Chipotle Mexican Grill in a research report on Thursday, July 30th. Piper Sandler reduced their target price on Chipotle Mexican Grill from $42.00 to $39.00 and set an “overweight” rating on the stock in a report on Thursday, July 30th. Finally, BTIG Research reissued a “buy” rating and issued a $45.00 target price on shares of Chipotle Mexican Grill in a research report on Wednesday, August 5th. Twenty-three equities research analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $43.84.

Insiders Place Their Bets

In other Chipotle Mexican Grill news, insider Matthew R. Bush sold 2,675 shares of the stock in a transaction that occurred on Friday, August 21st. The shares were sold at an average price of $35.75, for a total transaction of $95,631.25. Following the completion of the sale, the insider directly owned 21,415 shares of the company’s stock, valued at $765,586.25. This trade represents a 11.10% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 0.45% of the stock is owned by insiders.

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.