D Orazio & Associates Inc. Acquires New Holdings in Chipotle Mexican Grill, Inc. $CMG

D Orazio & Associates Inc. bought a new position in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 3,839 shares of the restaurant operator’s stock, valued at approximately $216,000.

Other institutional investors and hedge funds also recently modified their holdings of the company. Saudi Central Bank acquired a new stake in shares of Chipotle Mexican Grill during the 1st quarter worth about $27,000. 1248 Management LLC purchased a new position in shares of Chipotle Mexican Grill during the first quarter valued at approximately $27,000. Signature Resources Capital Management LLC acquired a new stake in Chipotle Mexican Grill during the second quarter worth approximately $28,000. Oliver Lagore Vanvalin Investment Group purchased a new stake in Chipotle Mexican Grill in the 2nd quarter worth approximately $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 valued at $29,000 after acquiring an additional 270 shares during the last quarter. Hedge funds and other institutional investors own 91.30% of the company’s stock.

Analysts Set New Price Targets

CMG has been the topic of several analyst reports. Sanford C. Bernstein restated an “outperform” rating and set a $40.00 price objective (down previously from $60.00) on shares of Chipotle Mexican Grill in a report on Thursday, October 30th. KeyCorp lowered their price target on Chipotle Mexican Grill from $52.00 to $45.00 and set an “overweight” rating for the company in a report on Thursday, October 30th. Citigroup dropped their price objective on shares of Chipotle Mexican Grill from $68.00 to $62.00 and set a “buy” rating for the company in a research note on Thursday, July 24th. Guggenheim decreased their target price on shares of Chipotle Mexican Grill from $47.00 to $46.00 and set a “neutral” rating on the stock in a research report on Friday, July 25th. Finally, Rothschild & Co Redburn upgraded shares of Chipotle Mexican Grill from a “neutral” rating to a “buy” rating and set a $55.00 target price for the company in a report on Wednesday, September 3rd. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating, eleven have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, Chipotle Mexican Grill has a consensus rating of “Moderate Buy” and a consensus price target of $49.81.

Chipotle Mexican Grill Stock Performance

Shares of NYSE:CMG opened at $31.38 on Friday. The business’s 50-day simple moving average is $38.36 and its 200 day simple moving average is $45.57. The company has a market cap of $41.49 billion, a P/E ratio of 27.77, a PEG ratio of 2.65 and a beta of 0.98. Chipotle Mexican Grill, Inc. has a one year low of $29.75 and a one year high of $66.74.

Chipotle Mexican Grill (NYSE:CMG) last announced its earnings results on Wednesday, October 29th. The restaurant operator reported $0.29 earnings per share for the quarter, meeting the consensus estimate of $0.29. Chipotle Mexican Grill had a net margin of 13.04% and a return on equity of 44.32%. The business had revenue of $3 billion during the quarter, compared to the consensus estimate of $3.06 billion. During the same period in the prior year, the firm earned $0.27 earnings per share. The business’s quarterly revenue was up 7.5% compared to the same quarter last year. Analysts predict that Chipotle Mexican Grill, Inc. will post 1.29 earnings per share for the current year.

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.