KMG Fiduciary Partners LLC Increases Stock Holdings in Chipotle Mexican Grill, Inc. $CMG

KMG Fiduciary Partners LLC boosted its stake in Chipotle Mexican Grill, Inc. (NYSE:CMGFree Report) by 9.8% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 151,833 shares of the restaurant operator’s stock after acquiring an additional 13,566 shares during the period. KMG Fiduciary Partners LLC’s holdings in Chipotle Mexican Grill were worth $5,950,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in CMG. Operose Advisors LLC bought a new stake in shares of Chipotle Mexican Grill during the 2nd quarter valued at about $25,000. Saudi Central Bank bought a new position in Chipotle Mexican Grill in the first quarter worth about $27,000. 1248 Management LLC purchased a new stake in Chipotle Mexican Grill in the first quarter worth about $27,000. Signature Resources Capital Management LLC purchased a new stake in Chipotle Mexican Grill in the second quarter worth about $28,000. Finally, Lavaca Capital LLC bought a new stake in Chipotle Mexican Grill during the 2nd quarter valued at approximately $28,000. 91.30% of the stock is owned by hedge funds and other institutional investors.

Chipotle Mexican Grill Stock Up 0.0%

CMG stock opened at $37.64 on Friday. The business has a 50 day moving average of $35.22 and a 200 day moving average of $42.49. The firm has a market cap of $49.77 billion, a PE ratio of 33.31, a price-to-earnings-growth ratio of 3.84 and a beta of 0.99. Chipotle Mexican Grill, Inc. has a twelve month low of $29.75 and a twelve month high of $62.88.

Chipotle Mexican Grill (NYSE:CMGGet Free Report) last released its earnings results on Wednesday, October 29th. The restaurant operator reported $0.29 EPS for the quarter, hitting analysts’ consensus estimates 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 for the quarter, compared to analysts’ expectations of $3.06 billion. During the same period in the prior year, the firm posted $0.27 earnings per share. The company’s quarterly revenue was up 7.5% on a year-over-year basis. On average, research analysts expect that Chipotle Mexican Grill, Inc. will post 1.29 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the company. BMO Capital Markets reissued an “outperform” rating on shares of Chipotle Mexican Grill in a research report on Thursday, October 30th. Zacks Research cut Chipotle Mexican Grill from a “hold” rating to a “strong sell” rating in a research note on Thursday, October 30th. Raymond James Financial reiterated an “outperform” rating and issued a $40.00 price objective (down previously from $52.00) on shares of Chipotle Mexican Grill in a report on Thursday, October 30th. TD Cowen dropped their target price on shares of Chipotle Mexican Grill from $45.00 to $40.00 and set a “buy” rating on the stock in a report on Thursday, October 30th. Finally, Rothschild Redb raised shares of Chipotle Mexican Grill from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, September 3rd. Two analysts have rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating, eleven have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, Chipotle Mexican Grill currently has an average rating of “Moderate Buy” and an average target price of $49.81.

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Chipotle Mexican Grill Profile

(Free Report)

Chipotle Mexican Grill is a fast-casual restaurant company known for its Mexican-inspired menu of burritos, bowls, tacos and salads. Founded in 1993 by Steve Ells, the chain emphasizes fresh, customizable meals made from a limited menu of core ingredients and a focus on ingredient quality. Chipotle operates primarily company-owned restaurants and offers dine-in, takeout, catering and delivery through its own digital platforms and third-party partners.

The company is headquartered in Newport Beach, California, and traces its roots to Denver, Colorado.

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Institutional Ownership by Quarter for Chipotle Mexican Grill (NYSE:CMG)

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