Lakeshore Capital Group Inc. Grows Holdings in Chipotle Mexican Grill, Inc. $CMG

Lakeshore Capital Group Inc. grew its stake in Chipotle Mexican Grill, Inc. (NYSE:CMG) by 18.4% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 14,360 shares of the restaurant operator’s stock after buying an additional 2,227 shares during the period. Lakeshore Capital Group Inc.’s holdings in Chipotle Mexican Grill were worth $806,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of CMG. Cloud Capital Management LLC purchased a new position in Chipotle Mexican Grill in the 1st quarter worth approximately $25,000. Saudi Central Bank purchased a new position in Chipotle Mexican Grill in the 1st quarter worth approximately $27,000. 1248 Management LLC purchased a new position in Chipotle Mexican Grill in the 1st quarter worth approximately $27,000. Signature Resources Capital Management LLC purchased a new position in Chipotle Mexican Grill in the 2nd quarter worth approximately $28,000. Finally, HighMark Wealth Management LLC grew its stake in Chipotle Mexican Grill by 173.4% in the 1st quarter. HighMark Wealth Management LLC now owns 585 shares of the restaurant operator’s stock worth $29,000 after buying an additional 371 shares in the last quarter. Hedge funds and other institutional investors own 91.30% of the company’s stock.

Chipotle Mexican Grill Stock Down 1.7%

NYSE:CMG opened at $40.94 on Wednesday. The company has a fifty day moving average of $41.33 and a 200 day moving average of $47.83. Chipotle Mexican Grill, Inc. has a 52 week low of $38.30 and a 52 week high of $66.74. The firm has a market capitalization of $54.89 billion, a P/E ratio of 36.55, a P/E/G ratio of 2.12 and a beta of 0.99.

Chipotle Mexican Grill (NYSE:CMG) last issued its quarterly earnings data on Wednesday, July 23rd. The restaurant operator reported $0.33 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.32 by $0.01. The business had revenue of $3.06 billion for 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%. The company’s quarterly revenue was up 3.0% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.34 EPS. As a group, analysts anticipate that Chipotle Mexican Grill, Inc. will post 1.29 EPS for the current year.

Wall Street Analysts Forecast Growth

CMG has been the subject of a number of recent research reports. BTIG Research restated a “buy” rating and issued a $57.00 price objective on shares of Chipotle Mexican Grill in a report on Friday, September 5th. Robert W. Baird lowered their price objective on shares of Chipotle Mexican Grill from $62.00 to $59.00 and set an “outperform” rating for the company in a report on Thursday, July 24th. Guggenheim lowered their price objective on shares of Chipotle Mexican Grill from $47.00 to $46.00 and set a “neutral” rating for the company in a report on Friday, July 25th. Evercore ISI lowered their price objective on shares of Chipotle Mexican Grill from $57.00 to $53.00 and set an “outperform” rating for the company in a report on Tuesday. Finally, KeyCorp lowered their price objective on shares of Chipotle Mexican Grill from $60.00 to $58.00 and set an “overweight” rating for the company in a report on Thursday, July 24th. 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’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $59.28.

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.