Kingsview Wealth Management LLC Buys New Stake in Chipotle Mexican Grill, Inc. $CMG

Kingsview Wealth Management LLC acquired a new stake in Chipotle Mexican Grill, Inc. (NYSE:CMG) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 21,147 shares of the restaurant operator’s stock, valued at approximately $719,000.

A number of other hedge funds also recently added to or reduced their stakes in the business. Revolve Wealth Partners LLC boosted its stake in shares of Chipotle Mexican Grill by 4.7% in the 4th quarter. Revolve Wealth Partners LLC now owns 4,804 shares of the restaurant operator’s stock valued at $290,000 after buying an additional 214 shares during the period. Groupama Asset Managment grew its holdings in shares of Chipotle Mexican Grill by 1.9% during the fourth quarter. Groupama Asset Managment now owns 15,596 shares of the restaurant operator’s stock worth $568,000 after purchasing an additional 291 shares during the last quarter. Catalyst Financial Partners LLC boosted its holdings in shares of Chipotle Mexican Grill by 4.6% in the fourth quarter. Catalyst Financial Partners LLC now owns 6,763 shares of the restaurant operator’s stock valued at $250,000 after acquiring an additional 298 shares during the period. Citizens Financial Group Inc. RI raised its position in Chipotle Mexican Grill by 2.5% in the 1st quarter. Citizens Financial Group Inc. RI now owns 12,708 shares of the restaurant operator’s stock valued at $407,000 after purchasing an additional 311 shares during the last quarter. Finally, Annis Gardner Whiting Capital Advisors LLC boosted its stake in Chipotle Mexican Grill by 14.3% during the 4th quarter. Annis Gardner Whiting Capital Advisors LLC now owns 2,523 shares of the restaurant operator’s stock worth $93,000 after purchasing an additional 316 shares during the period. 91.30% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, insider Matthew R. Bush sold 2,675 shares of the firm’s stock in a transaction that occurred on Friday, August 21st. The stock was sold at an average price of $35.75, for a total value of $95,631.25. Following the completion of the sale, the insider directly owned 21,415 shares of the company’s stock, valued at $765,586.25. This trade represents a 11.10% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 0.45% of the company’s stock.

Chipotle Mexican Grill Stock Up 0.1%

Shares of Chipotle Mexican Grill stock opened at $38.08 on Monday. The firm has a market cap of $48.19 billion, a price-to-earnings ratio of 34.94, a price-to-earnings-growth ratio of 2.42 and a beta of 0.94. Chipotle Mexican Grill, Inc. has a 52-week low of $28.03 and a 52-week high of $42.81. The company’s 50-day simple moving average is $34.33 and its 200-day simple moving average is $33.90.

Chipotle Mexican Grill (NYSE:CMG) last announced its quarterly earnings data on Wednesday, July 29th. The restaurant operator reported $0.33 EPS for the quarter, beating analysts’ consensus estimates of $0.32 by $0.01. Chipotle Mexican Grill had a net margin of 11.43% and a return on equity of 54.65%. The firm had revenue of $3.35 billion during the quarter, compared to the consensus estimate of $3.33 billion. During the same quarter last year, the firm earned $0.33 earnings per share. The firm’s revenue was up 9.3% compared to the same quarter last year. Equities research analysts anticipate that Chipotle Mexican Grill, Inc. will post 1.14 EPS for the current year.

Wall Street Analyst Weigh In

A number of research analysts have commented on CMG shares. Robert W. Baird restated a “neutral” rating and issued a $40.00 price objective (down from $44.00) on shares of Chipotle Mexican Grill in a research note on Monday, August 24th. Morgan Stanley increased their target price on shares of Chipotle Mexican Grill from $37.00 to $39.00 and gave the stock an “equal weight” rating in a research note on Thursday, July 30th. Evercore reissued an “outperform” rating and set a $47.00 price target on shares of Chipotle Mexican Grill in a report on Thursday, July 30th. Stephens restated a “positive” rating and issued a $40.00 price target (up from $36.00) on shares of Chipotle Mexican Grill in a research report on Thursday, July 30th. Finally, Raymond James Financial reaffirmed an “outperform” rating and set a $42.50 price objective on shares of Chipotle Mexican Grill in a research report on Thursday, July 30th. Twenty-three investment analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Chipotle Mexican Grill presently has an average rating of “Moderate Buy” and a consensus price target of $43.84.

Chipotle Mexican Grill 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.