Johnson Financial Group Inc. Has $29,000 Stake in Chipotle Mexican Grill, Inc. $CMG

Johnson Financial Group Inc. reduced its stake in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) by 84.6% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 522 shares of the restaurant operator’s stock after selling 2,875 shares during the quarter. Johnson Financial Group Inc.’s holdings in Chipotle Mexican Grill were worth $29,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of CMG. Saudi Central Bank acquired a new position in Chipotle Mexican Grill during the 1st quarter worth $27,000. 1248 Management LLC bought a new stake in shares of Chipotle Mexican Grill during the first quarter worth $27,000. Signature Resources Capital Management LLC acquired a new position in shares of Chipotle Mexican Grill during the second quarter valued at $28,000. Oliver Lagore Vanvalin Investment Group bought a new position in Chipotle Mexican Grill in the second quarter valued at about $29,000. Finally, Activest Wealth Management boosted its holdings in Chipotle Mexican Grill by 109.3% in the second 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. Institutional investors and hedge funds own 91.30% of the company’s stock.

Chipotle Mexican Grill Stock Up 1.5%

CMG opened at $34.53 on Friday. The stock has a market cap of $45.66 billion, a P/E ratio of 30.56, a P/E/G ratio of 2.65 and a beta of 0.98. Chipotle Mexican Grill, Inc. has a 12 month low of $29.75 and a 12 month high of $66.74. The company has a fifty day simple moving average of $36.75 and a 200 day simple moving average of $44.10.

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

Wall Street Analyst Weigh In

CMG has been the subject of several recent research reports. Mizuho set a $34.00 price objective on Chipotle Mexican Grill in a report on Thursday, October 30th. Robert W. Baird lowered their price target on shares of Chipotle Mexican Grill from $59.00 to $49.00 and set an “outperform” rating for the company in a research report on Friday, October 10th. Northcoast Research lowered shares of Chipotle Mexican Grill from a “buy” rating to a “neutral” rating in a report on Friday, October 31st. KeyCorp reduced their price objective on shares of Chipotle Mexican Grill from $52.00 to $45.00 and set an “overweight” rating on the stock in a research note on Thursday, October 30th. Finally, Jefferies Financial Group lowered their target price on shares of Chipotle Mexican Grill from $48.00 to $44.00 and set a “hold” rating for the company in a report on Monday, October 13th. 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 stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $49.81.

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.