waypoint wealth counsel Acquires Shares of 3,946 Chipotle Mexican Grill, Inc. $CMG

waypoint wealth counsel acquired a new stake in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) during the 2nd quarter, HoldingsChannel reports. The fund acquired 3,946 shares of the restaurant operator’s stock, valued at approximately $222,000.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Signature Resources Capital Management LLC purchased a new position in Chipotle Mexican Grill during the second quarter valued at $28,000. Cloud Capital Management LLC purchased a new position in Chipotle Mexican Grill during the first quarter valued at $25,000. Oliver Lagore Vanvalin Investment Group purchased a new position in shares of Chipotle Mexican Grill in the second quarter worth about $29,000. 1248 Management LLC purchased a new position in shares of Chipotle Mexican Grill in the first quarter worth about $27,000. Finally, Saudi Central Bank purchased a new position in shares of Chipotle Mexican Grill in the first quarter worth about $27,000. 91.30% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on CMG. Citigroup decreased their price target on shares of Chipotle Mexican Grill from $68.00 to $62.00 and set a “buy” rating on the stock in a research note on Thursday, July 24th. Stephens reissued an “equal weight” rating and issued a $60.00 price target on shares of Chipotle Mexican Grill in a research note on Monday, September 29th. Weiss Ratings reissued a “hold (c)” rating on shares of Chipotle Mexican Grill in a research note on Wednesday, October 8th. TD Securities reissued a “buy” rating and issued a $57.00 price target on shares of Chipotle Mexican Grill in a research note on Wednesday, June 18th. Finally, Sanford C. Bernstein decreased their price target on shares of Chipotle Mexican Grill from $65.00 to $60.00 and set an “outperform” rating on the stock in a research note on Thursday, October 2nd. Two 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 stock. According to MarketBeat.com, Chipotle Mexican Grill currently has an average rating of “Moderate Buy” and a consensus price target of $58.93.

Chipotle Mexican Grill Trading Down 2.5%

Chipotle Mexican Grill stock opened at $39.86 on Monday. Chipotle Mexican Grill, Inc. has a 12-month low of $38.30 and a 12-month high of $66.74. The stock has a market cap of $53.45 billion, a P/E ratio of 35.59, a PEG ratio of 2.04 and a beta of 0.99. The company has a 50-day moving average price of $41.18 and a 200 day moving average price of $47.61.

Chipotle Mexican Grill (NYSE:CMG) last released its quarterly earnings data on Wednesday, July 23rd. The restaurant operator reported $0.33 earnings per share (EPS) for the quarter, topping the consensus estimate 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 period last year, the business earned $0.34 earnings per share. Chipotle Mexican Grill’s revenue was up 3.0% compared to the same quarter last year. As a group, analysts forecast 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.