Ballentine Partners LLC Purchases 3,024 Shares of Chipotle Mexican Grill, Inc. $CMG

Ballentine Partners LLC boosted its position in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) by 19.5% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 18,512 shares of the restaurant operator’s stock after purchasing an additional 3,024 shares during the period. Ballentine Partners LLC’s holdings in Chipotle Mexican Grill were worth $1,039,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its holdings in Chipotle Mexican Grill by 1.3% during the 1st quarter. Vanguard Group Inc. now owns 122,463,327 shares of the restaurant operator’s stock valued at $6,148,884,000 after purchasing an additional 1,597,287 shares during the last quarter. Price T Rowe Associates Inc. MD grew its stake 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. Alliancebernstein L.P. grew its stake in Chipotle Mexican Grill by 8.0% in the 1st 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 in the last quarter. American Century Companies Inc. grew its stake in Chipotle Mexican Grill by 2.1% in the 1st quarter. American Century Companies Inc. now owns 20,662,628 shares of the restaurant operator’s stock worth $1,037,471,000 after acquiring an additional 425,648 shares in the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in Chipotle Mexican Grill by 8.1% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 11,111,416 shares of the restaurant operator’s stock worth $557,904,000 after acquiring an additional 833,760 shares in the last quarter. 91.30% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the stock. Redburn Atlantic assumed coverage on shares of Chipotle Mexican Grill in a research note on Tuesday, June 10th. They issued a “neutral” rating and a $55.00 target price on the stock. Melius assumed coverage on shares of Chipotle Mexican Grill in a research note on Monday, July 14th. They issued a “hold” rating and a $60.00 target price on the stock. BTIG Research restated a “buy” rating and issued a $57.00 target price on shares of Chipotle Mexican Grill in a research note on Friday, September 5th. Guggenheim dropped their target price on shares of Chipotle Mexican Grill from $47.00 to $46.00 and set a “neutral” rating on the stock in a research note on Friday, July 25th. Finally, TD Cowen restated a “buy” rating and issued a $58.00 target price on shares of Chipotle Mexican Grill in a research note on Friday, September 19th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating and eight have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $59.76.

Chipotle Mexican Grill Stock Performance

NYSE CMG opened at $39.34 on Friday. The firm’s 50 day moving average price is $42.75 and its 200-day moving average price is $48.32. Chipotle Mexican Grill, Inc. has a 52-week low of $38.30 and a 52-week high of $66.74. The company has a market cap of $52.75 billion, a PE ratio of 35.13, a P/E/G ratio of 2.01 and a beta of 1.02.

Chipotle Mexican Grill (NYSE:CMG) last announced its earnings results on Wednesday, July 23rd. The restaurant operator reported $0.33 earnings per share for the quarter, beating the consensus estimate of $0.32 by $0.01. The company had revenue of $3.06 billion during the quarter, compared to the consensus estimate of $3.11 billion. Chipotle Mexican Grill had a net margin of 13.32% and a return on equity of 43.50%. Chipotle Mexican Grill’s revenue was up 3.0% compared to the same quarter last year. During the same period last year, the firm earned $0.34 earnings per share. On average, analysts forecast that Chipotle Mexican Grill, Inc. will post 1.29 earnings per share for the current fiscal year.

About Chipotle Mexican Grill

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.