Francis Financial Inc. Invests $207,000 in Chipotle Mexican Grill, Inc. $CMG

Francis Financial Inc. acquired a new stake in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) in the second quarter, HoldingsChannel reports. The institutional investor acquired 3,690 shares of the restaurant operator’s stock, valued at approximately $207,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in CMG. Saudi Central Bank purchased a new position in shares of Chipotle Mexican Grill during the 1st quarter valued at $27,000. 1248 Management LLC purchased a new stake in Chipotle Mexican Grill in the 1st quarter worth $27,000. Signature Resources Capital Management LLC bought a new stake in Chipotle Mexican Grill during the second quarter valued at about $28,000. Oliver Lagore Vanvalin Investment Group purchased a new position in shares of Chipotle Mexican Grill in the second quarter valued at about $29,000. Finally, Activest Wealth Management boosted its stake in shares of Chipotle Mexican Grill by 109.3% in the second quarter. Activest Wealth Management now owns 517 shares of the restaurant operator’s stock worth $29,000 after acquiring an additional 270 shares during the period. Institutional investors own 91.30% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have weighed in on CMG shares. Royal Bank Of Canada dropped their price target on Chipotle Mexican Grill from $58.00 to $40.00 and set an “outperform” rating for the company in a research note on Thursday, October 30th. Barclays lowered their target price on shares of Chipotle Mexican Grill from $43.00 to $38.00 and set an “equal weight” rating on the stock in a report on Thursday, October 30th. JPMorgan Chase & Co. cut their target price on shares of Chipotle Mexican Grill from $44.00 to $40.00 and set a “neutral” rating for the company in a research note on Thursday, October 30th. Evercore ISI reduced their price target on shares of Chipotle Mexican Grill from $53.00 to $45.00 and set an “outperform” rating on the stock in a report on Thursday, October 30th. Finally, Truist Financial dropped their price objective on shares of Chipotle Mexican Grill from $53.00 to $45.00 and set a “buy” rating for the company in a report on Thursday, October 30th. Two investment 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 given a Sell rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $49.81.

Chipotle Mexican Grill Stock Up 5.0%

CMG stock opened at $31.30 on Thursday. Chipotle Mexican Grill, Inc. has a 52 week low of $29.75 and a 52 week high of $66.74. The firm has a market capitalization of $41.39 billion, a P/E ratio of 27.70, a price-to-earnings-growth ratio of 2.65 and a beta of 0.98. The company has a fifty day simple moving average of $38.56 and a two-hundred day simple moving average of $45.67.

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