Chipotle Mexican Grill, Inc. $CMG Shares Purchased by Watts Gwilliam & Co. LLC

Watts Gwilliam & Co. LLC lifted its position in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) by 668.8% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 61,499 shares of the restaurant operator’s stock after acquiring an additional 53,500 shares during the quarter. Watts Gwilliam & Co. LLC’s holdings in Chipotle Mexican Grill were worth $3,453,000 at the end of the most recent quarter.

A number of other institutional investors also recently added to or reduced their stakes in the business. Operose Advisors LLC acquired a new stake in shares of Chipotle Mexican Grill in the 2nd quarter valued at approximately $25,000. Saudi Central Bank acquired a new position in Chipotle Mexican Grill during the first quarter worth $27,000. 1248 Management LLC purchased a new position in Chipotle Mexican Grill in the first quarter worth $27,000. Signature Resources Capital Management LLC acquired a new stake in Chipotle Mexican Grill in the second quarter valued at $28,000. Finally, Lavaca Capital LLC purchased a new stake in shares of Chipotle Mexican Grill during the 2nd quarter worth $28,000. Hedge funds and other institutional investors own 91.30% of the company’s stock.

Chipotle Mexican Grill Trading Up 3.6%

Shares of CMG opened at $36.13 on Monday. Chipotle Mexican Grill, Inc. has a 12-month low of $29.75 and a 12-month high of $66.43. The stock has a market cap of $47.77 billion, a P/E ratio of 31.97, a PEG ratio of 3.69 and a beta of 0.99. The company has a 50-day moving average of $35.63 and a two-hundred day moving average of $42.85.

Chipotle Mexican Grill (NYSE:CMG) last issued its quarterly earnings data on Wednesday, October 29th. The restaurant operator reported $0.29 earnings per share for the quarter, hitting 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 during the quarter, compared to analysts’ expectations of $3.06 billion. During the same period last year, the company posted $0.27 EPS. The company’s revenue was up 7.5% on a year-over-year basis. As a group, analysts forecast that Chipotle Mexican Grill, Inc. will post 1.29 EPS for the current fiscal year.

Analyst Ratings Changes

CMG has been the subject of a number of research analyst reports. Evercore ISI cut their price target on shares of Chipotle Mexican Grill from $53.00 to $45.00 and set an “outperform” rating for the company in a report on Thursday, October 30th. Weiss Ratings restated a “hold (c-)” rating on shares of Chipotle Mexican Grill in a research report on Monday, December 8th. Wells Fargo & Company dropped their target price on shares of Chipotle Mexican Grill from $55.00 to $45.00 and set an “overweight” rating for the company in a report on Thursday, October 30th. Rothschild & Co Redburn upgraded shares of Chipotle Mexican Grill from a “neutral” rating to a “buy” rating and set a $55.00 price target for the company in a research report on Wednesday, September 3rd. Finally, Stephens decreased their price target on Chipotle Mexican Grill from $48.00 to $35.00 and set an “equal weight” rating on the stock in a research note on Thursday, October 30th. Two research analysts have rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating, eleven have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Chipotle Mexican Grill has a consensus rating of “Moderate Buy” and a consensus target price of $49.81.

Chipotle Mexican Grill 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.