Citigroup Inc. Purchases 673,255 Shares of Chipotle Mexican Grill, Inc. $CMG

Citigroup Inc. grew its holdings in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) by 62.1% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,756,730 shares of the restaurant operator’s stock after purchasing an additional 673,255 shares during the quarter. Citigroup Inc. owned approximately 0.13% of Chipotle Mexican Grill worth $98,640,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently added to or reduced their stakes in CMG. Saudi Central Bank bought a new position in Chipotle Mexican Grill in the first quarter worth approximately $27,000. 1248 Management LLC bought a new stake in shares of Chipotle Mexican Grill during the 1st quarter valued at $27,000. Signature Resources Capital Management LLC purchased a new stake in shares of Chipotle Mexican Grill in the 2nd quarter worth $28,000. Oliver Lagore Vanvalin Investment Group bought a new position in Chipotle Mexican Grill in the 2nd quarter worth $29,000. Finally, Activest Wealth Management raised its holdings in Chipotle Mexican Grill by 109.3% in the 2nd quarter. Activest Wealth Management now owns 517 shares of the restaurant operator’s stock worth $29,000 after purchasing an additional 270 shares during the period. 91.30% of the stock is currently owned by institutional investors.

Chipotle Mexican Grill Stock Up 0.8%

NYSE CMG opened at $30.79 on Wednesday. Chipotle Mexican Grill, Inc. has a twelve month low of $29.75 and a twelve month high of $66.74. The business has a 50-day moving average price of $37.81 and a 200-day moving average price of $45.08. The firm has a market cap of $40.71 billion, a price-to-earnings ratio of 27.25, a price-to-earnings-growth ratio of 2.65 and a beta of 0.98.

Chipotle Mexican Grill (NYSE:CMG) last issued its earnings results on Wednesday, October 29th. The restaurant operator reported $0.29 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.29. Chipotle Mexican Grill had a return on equity of 44.32% and a net margin of 13.04%.The company had revenue of $3 billion for the quarter, compared to the consensus estimate of $3.06 billion. During the same quarter last year, the company earned $0.27 EPS. The firm’s quarterly revenue was up 7.5% on a year-over-year basis. Research analysts expect that Chipotle Mexican Grill, Inc. will post 1.29 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

CMG has been the subject of several recent research reports. Rothschild & Co Redburn raised Chipotle Mexican Grill from a “neutral” rating to a “buy” rating and set a $55.00 price target for the company in a report on Wednesday, September 3rd. Rothschild Redb upgraded Chipotle Mexican Grill from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, September 3rd. Weiss Ratings reissued a “hold (c)” rating on shares of Chipotle Mexican Grill in a report on Wednesday, October 8th. Raymond James Financial restated an “outperform” rating and set a $40.00 target price (down previously from $52.00) on shares of Chipotle Mexican Grill in a research note on Thursday, October 30th. Finally, The Goldman Sachs Group reiterated a “buy” rating and issued a $45.00 price target (down from $52.00) on shares of Chipotle Mexican Grill in a research report on Thursday, October 30th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating, eleven have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, Chipotle Mexican Grill has a consensus rating of “Moderate Buy” and an average 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.