Brighton Jones LLC Has $1.19 Million Stock Holdings in Chipotle Mexican Grill, Inc. $CMG

Brighton Jones LLC grew its holdings in Chipotle Mexican Grill, Inc. (NYSE:CMG) by 9.2% during the second quarter, Holdings Channel reports. The firm owned 21,205 shares of the restaurant operator’s stock after acquiring an additional 1,794 shares during the quarter. Brighton Jones LLC’s holdings in Chipotle Mexican Grill were worth $1,191,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Charles Schwab Investment Management Inc. lifted its stake in shares of Chipotle Mexican Grill by 5.8% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 8,979,637 shares of the restaurant operator’s stock valued at $450,868,000 after purchasing an additional 491,002 shares during the period. Corient IA LLC acquired a new position in shares of Chipotle Mexican Grill in the 1st quarter valued at about $753,000. Advisors Asset Management Inc. lifted its stake in shares of Chipotle Mexican Grill by 32.4% in the 1st quarter. Advisors Asset Management Inc. now owns 75,368 shares of the restaurant operator’s stock valued at $3,784,000 after purchasing an additional 18,458 shares during the period. Hilltop National Bank acquired a new position in shares of Chipotle Mexican Grill in the 2nd quarter valued at about $2,579,000. Finally, Banco Santander S.A. lifted its stake in shares of Chipotle Mexican Grill by 47.6% in the 1st quarter. Banco Santander S.A. now owns 31,764 shares of the restaurant operator’s stock valued at $1,595,000 after purchasing an additional 10,246 shares during the period. 91.30% of the stock is owned by institutional investors and hedge funds.

Chipotle Mexican Grill Stock Performance

Shares of CMG opened at $41.02 on Tuesday. The stock has a 50 day moving average price of $40.93 and a two-hundred day moving average price of $47.03. The firm has a market capitalization of $55.01 billion, a P/E ratio of 36.63, a P/E/G ratio of 2.50 and a beta of 0.99. Chipotle Mexican Grill, Inc. has a 52 week low of $38.30 and a 52 week high of $66.74.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on CMG shares. Stephens reissued an “equal weight” rating and issued a $60.00 price objective on shares of Chipotle Mexican Grill in a research note on Monday, September 29th. Raymond James Financial reissued an “outperform” rating and issued a $52.00 price objective (down from $56.00) on shares of Chipotle Mexican Grill in a research note on Thursday, October 16th. Robert W. Baird dropped their price target on Chipotle Mexican Grill from $59.00 to $49.00 and set an “outperform” rating on the stock in a research note on Friday, October 10th. Jefferies Financial Group dropped their price target on Chipotle Mexican Grill from $48.00 to $44.00 and set a “hold” rating on the stock in a research note on Monday, October 13th. Finally, UBS Group reaffirmed a “buy” rating and set a $56.00 price target (down from $65.00) on shares of Chipotle Mexican Grill in a research note on Monday, October 20th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating and nine have assigned a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $56.69.

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.