Jacobs & Co. CA Purchases 30,783 Shares of Chipotle Mexican Grill, Inc. $CMG

Jacobs & Co. CA grew its position in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) by 19.9% during the third quarter, HoldingsChannel reports. The institutional investor owned 185,494 shares of the restaurant operator’s stock after purchasing an additional 30,783 shares during the period. Jacobs & Co. CA’s holdings in Chipotle Mexican Grill were worth $7,269,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Rowlandmiller & PARTNERS.ADV boosted its stake in Chipotle Mexican Grill by 8.1% during the 3rd quarter. Rowlandmiller & PARTNERS.ADV now owns 10,019 shares of the restaurant operator’s stock valued at $393,000 after purchasing an additional 749 shares during the last quarter. Momentum Wealth Planning LLC bought a new position in shares of Chipotle Mexican Grill during the second quarter valued at $211,000. Caldwell Trust Co purchased a new stake in shares of Chipotle Mexican Grill during the second quarter valued at $2,341,000. Watts Gwilliam & Co. LLC increased its holdings in Chipotle Mexican Grill by 668.8% in the 2nd quarter. Watts Gwilliam & Co. LLC now owns 61,499 shares of the restaurant operator’s stock worth $3,453,000 after buying an additional 53,500 shares in the last quarter. Finally, American Trust raised its position in Chipotle Mexican Grill by 4.8% in the 2nd quarter. American Trust now owns 14,853 shares of the restaurant operator’s stock worth $834,000 after buying an additional 685 shares during the last quarter. 91.30% of the stock is currently owned by hedge funds and other institutional investors.

Chipotle Mexican Grill Price Performance

Shares of Chipotle Mexican Grill stock opened at $36.13 on Monday. The company’s fifty day simple moving average is $35.63 and its 200-day simple moving average is $42.85. The stock has a market capitalization of $47.77 billion, a PE ratio of 31.97, a P/E/G ratio of 3.69 and a beta of 0.99. Chipotle Mexican Grill, Inc. has a 1-year low of $29.75 and a 1-year high of $66.43.

Chipotle Mexican Grill (NYSE:CMG) last posted its quarterly earnings data on Wednesday, October 29th. The restaurant operator reported $0.29 EPS for the quarter, hitting the consensus estimate of $0.29. Chipotle Mexican Grill had a return on equity of 45.39% and a net margin of 13.04%.The firm had revenue of $3 billion during the quarter, compared to analyst estimates of $3.06 billion. During the same period in the prior year, the business posted $0.27 EPS. Chipotle Mexican Grill’s revenue was up 7.5% on a year-over-year basis. As a group, research analysts anticipate that Chipotle Mexican Grill, Inc. will post 1.29 EPS for the current year.

Analyst Ratings Changes

A number of analysts have recently issued reports on CMG shares. KeyCorp dropped their price target on shares of Chipotle Mexican Grill from $52.00 to $45.00 and set an “overweight” rating on the stock in a report on Thursday, October 30th. UBS Group set a $45.00 price objective on shares of Chipotle Mexican Grill in a research report on Friday, October 31st. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Chipotle Mexican Grill in a research report on Monday, December 8th. Stephens decreased their target price on shares of Chipotle Mexican Grill from $48.00 to $35.00 and set an “equal weight” rating for the company in a research note on Thursday, October 30th. Finally, BMO Capital Markets restated an “outperform” rating on shares of Chipotle Mexican Grill in a research note on Thursday, October 30th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating, eleven have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $49.81.

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.