FSM Wealth Advisors LLC Takes $235,000 Position in Chipotle Mexican Grill, Inc. $CMG

FSM Wealth Advisors LLC purchased a new position in Chipotle Mexican Grill, Inc. (NYSE:CMG) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 4,238 shares of the restaurant operator’s stock, valued at approximately $235,000.

Other hedge funds also recently bought and sold shares of the company. Nuveen LLC purchased a new stake in shares of Chipotle Mexican Grill in the first quarter valued at approximately $535,023,000. Goldman Sachs Group Inc. grew its stake in Chipotle Mexican Grill by 98.1% in the 1st quarter. Goldman Sachs Group Inc. now owns 9,900,521 shares of the restaurant operator’s stock valued at $497,105,000 after acquiring an additional 4,903,969 shares during the period. Montrusco Bolton Investments Inc. grew its stake in Chipotle Mexican Grill by 5,319.7% in the 1st quarter. Montrusco Bolton Investments Inc. now owns 4,848,990 shares of the restaurant operator’s stock valued at $235,580,000 after acquiring an additional 4,759,520 shares during the period. Price T Rowe Associates Inc. MD increased its holdings in Chipotle Mexican Grill by 7.6% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 56,827,332 shares of the restaurant operator’s stock worth $2,853,302,000 after acquiring an additional 4,027,016 shares in the last quarter. Finally, Alliancebernstein L.P. raised its position in Chipotle Mexican Grill by 8.0% during the first quarter. Alliancebernstein L.P. now owns 32,505,318 shares of the restaurant operator’s stock worth $1,632,092,000 after acquiring an additional 2,404,798 shares during the period. Hedge funds and other institutional investors own 91.30% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the company. Morgan Stanley decreased their target price on Chipotle Mexican Grill from $65.00 to $59.00 and set an “overweight” rating on the stock in a research report on Wednesday, October 15th. Piper Sandler upgraded Chipotle Mexican Grill from a “neutral” rating to an “overweight” rating and dropped their price target for the stock from $53.00 to $50.00 in a research report on Tuesday, August 12th. Jefferies Financial Group decreased their price objective on Chipotle Mexican Grill from $48.00 to $44.00 and set a “hold” rating on the stock in a report on Monday, October 13th. Robert W. Baird lowered their target price on shares of 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. Finally, UBS Group reaffirmed a “buy” rating and set a $56.00 target price (down previously from $65.00) on shares of Chipotle Mexican Grill in a report on Monday. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating and nine have issued a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $56.69.

Chipotle Mexican Grill Trading Up 0.5%

NYSE CMG opened at $41.81 on Friday. The stock has a market cap of $56.07 billion, a PE ratio of 37.33, a P/E/G ratio of 2.52 and a beta of 0.99. Chipotle Mexican Grill, Inc. has a twelve month low of $38.30 and a twelve month high of $66.74. The stock has a fifty day simple moving average of $41.04 and a 200-day simple moving average of $47.15.

Chipotle Mexican Grill (NYSE:CMG) last posted its quarterly earnings data on Wednesday, July 23rd. The restaurant operator reported $0.33 earnings per share for the quarter, topping analysts’ consensus estimates of $0.32 by $0.01. Chipotle Mexican Grill had a net margin of 13.32% and a return on equity of 43.50%. The firm had revenue of $3.06 billion during the quarter, compared to analysts’ expectations of $3.11 billion. During the same quarter last year, the company posted $0.34 EPS. The firm’s quarterly revenue was up 3.0% on a year-over-year basis. Research analysts predict that Chipotle Mexican Grill, Inc. will post 1.29 EPS for the current year.

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.