Chipotle Mexican Grill, Inc. $CMG Stake Lowered by Montrusco Bolton Investments Inc.

Montrusco Bolton Investments Inc. cut its stake in Chipotle Mexican Grill, Inc. (NYSE:CMG) by 10.0% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 4,758,522 shares of the restaurant operator’s stock after selling 530,748 shares during the quarter. Chipotle Mexican Grill makes up 2.2% of Montrusco Bolton Investments Inc.’s portfolio, making the stock its 19th biggest holding. Montrusco Bolton Investments Inc.’s holdings in Chipotle Mexican Grill were worth $148,160,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. Revolve Wealth Partners LLC raised its stake in shares of Chipotle Mexican Grill by 4.7% during the 4th quarter. Revolve Wealth Partners LLC now owns 4,804 shares of the restaurant operator’s stock worth $290,000 after purchasing an additional 214 shares in the last quarter. Bison Wealth LLC acquired a new position in Chipotle Mexican Grill in the fourth quarter worth approximately $224,000. Empowered Funds LLC increased its holdings in Chipotle Mexican Grill by 5.5% in the first quarter. Empowered Funds LLC now owns 26,460 shares of the restaurant operator’s stock worth $1,329,000 after buying an additional 1,368 shares during the last quarter. Osterweis Capital Management Inc. raised its position in Chipotle Mexican Grill by 7,176.0% during the second quarter. Osterweis Capital Management Inc. now owns 1,819 shares of the restaurant operator’s stock valued at $102,000 after acquiring an additional 1,794 shares in the last quarter. Finally, Ieq Capital LLC lifted its stake in Chipotle Mexican Grill by 88.8% in the second quarter. Ieq Capital LLC now owns 274,375 shares of the restaurant operator’s stock valued at $15,406,000 after acquiring an additional 129,066 shares during the last quarter. 91.30% of the stock is currently owned by hedge funds and other institutional investors.

Chipotle Mexican Grill Trading Down 0.1%

Shares of Chipotle Mexican Grill stock opened at $35.37 on Friday. The firm has a fifty day simple moving average of $32.28 and a 200-day simple moving average of $35.08. The stock has a market capitalization of $45.37 billion, a price-to-earnings ratio of 32.45, a PEG ratio of 2.29 and a beta of 0.97. Chipotle Mexican Grill, Inc. has a 1-year low of $28.03 and a 1-year high of $57.25.

Chipotle Mexican Grill (NYSE:CMG) last posted its earnings results on Wednesday, April 29th. The restaurant operator reported $0.24 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.24. The business had revenue of $3.09 billion for the quarter, compared to analyst estimates of $3.07 billion. Chipotle Mexican Grill had a net margin of 11.96% and a return on equity of 49.64%. Chipotle Mexican Grill’s revenue was up 7.4% compared to the same quarter last year. During the same period last year, the business posted $0.29 EPS. As a group, research analysts predict that Chipotle Mexican Grill, Inc. will post 1.13 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research firms have commented on CMG. Piper Sandler decreased their target price on shares of Chipotle Mexican Grill from $44.00 to $42.00 and set an “overweight” rating for the company in a research report on Thursday, April 30th. Barclays cut their price target on shares of Chipotle Mexican Grill from $40.00 to $38.00 and set an “equal weight” rating on the stock in a report on Thursday, April 30th. Mizuho raised shares of Chipotle Mexican Grill from a “neutral” rating to an “outperform” rating and lifted their price objective for the company from $37.00 to $40.00 in a research note on Friday, March 20th. Stephens upped their price objective on shares of Chipotle Mexican Grill from $38.00 to $39.00 and gave the stock an “equal weight” rating in a report on Thursday, April 30th. Finally, TD Cowen reissued a “buy” rating and set a $44.00 target price on shares of Chipotle Mexican Grill in a research report on Thursday, April 30th. Twenty-three investment analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $45.10.

Chipotle Mexican Grill Company Profile

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.