Johnson Investment Counsel Inc. Has $751,000 Stock Position in Chipotle Mexican Grill, Inc. $CMG

Johnson Investment Counsel Inc. raised its position in Chipotle Mexican Grill, Inc. (NYSE:CMG) by 84.3% in the second quarter, HoldingsChannel reports. The fund owned 13,378 shares of the restaurant operator’s stock after purchasing an additional 6,120 shares during the quarter. Johnson Investment Counsel Inc.’s holdings in Chipotle Mexican Grill were worth $751,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Cloud Capital Management LLC acquired a new stake in Chipotle Mexican Grill in the first quarter valued at approximately $25,000. Saudi Central Bank acquired a new stake in Chipotle Mexican Grill in the first quarter valued at approximately $27,000. 1248 Management LLC acquired a new stake in Chipotle Mexican Grill in the first quarter valued at approximately $27,000. Signature Resources Capital Management LLC acquired a new stake in Chipotle Mexican Grill in the second quarter valued at approximately $28,000. Finally, HighMark Wealth Management LLC grew its stake in Chipotle Mexican Grill by 173.4% in the first quarter. HighMark Wealth Management LLC now owns 585 shares of the restaurant operator’s stock valued at $29,000 after acquiring an additional 371 shares during the period. Institutional investors and hedge funds own 91.30% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have commented on the company. Wells Fargo & Company reduced their price objective on Chipotle Mexican Grill from $65.00 to $60.00 and set an “overweight” rating for the company in a research note on Thursday, July 24th. BMO Capital Markets raised Chipotle Mexican Grill from a “market perform” rating to an “outperform” rating and lifted their target price for the company from $56.00 to $65.00 in a research report on Friday, July 18th. UBS Group lifted their target price on Chipotle Mexican Grill from $60.00 to $65.00 and gave the company a “buy” rating in a research report on Thursday, July 17th. Barclays cut their target price on Chipotle Mexican Grill from $55.00 to $53.00 and set an “equal weight” rating on the stock in a research report on Thursday, July 24th. Finally, Sanford C. Bernstein cut their target price on Chipotle Mexican Grill from $65.00 to $60.00 and set an “outperform” rating on the stock in a research report on Thursday, October 2nd. Two analysts have rated the stock with a Strong Buy rating, twenty-one have given a Buy rating and nine have given a Hold rating to the company’s stock. Based on data from MarketBeat, Chipotle Mexican Grill currently has an average rating of “Moderate Buy” and an average target price of $58.07.

Chipotle Mexican Grill Trading Up 2.9%

Shares of Chipotle Mexican Grill stock opened at $42.08 on Wednesday. The business’s fifty day simple moving average is $41.14 and its 200 day simple moving average is $47.51. The firm has a market capitalization of $56.42 billion, a P/E ratio of 37.57, a price-to-earnings-growth ratio of 2.46 and a beta of 0.99. Chipotle Mexican Grill, Inc. has a 12 month low of $38.30 and a 12 month high of $66.74.

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