Allstate Corp Has $3.64 Million Position in Chipotle Mexican Grill, Inc. $CMG

Allstate Corp raised its position in Chipotle Mexican Grill, Inc. (NYSE:CMG) by 102.4% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 98,273 shares of the restaurant operator’s stock after acquiring an additional 49,726 shares during the quarter. Allstate Corp’s holdings in Chipotle Mexican Grill were worth $3,636,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Wealth Watch Advisors INC bought a new position in shares of Chipotle Mexican Grill in the third quarter valued at about $25,000. Financial Life Planners bought a new position in shares of Chipotle Mexican Grill in the third quarter valued at about $25,000. Murphy & Mullick Capital Management Corp raised its position in shares of Chipotle Mexican Grill by 106.7% in the third quarter. Murphy & Mullick Capital Management Corp now owns 775 shares of the restaurant operator’s stock valued at $30,000 after purchasing an additional 400 shares during the period. Winthrop Capital Management LLC bought a new position in shares of Chipotle Mexican Grill in the third quarter valued at about $31,000. Finally, Ameriflex Group Inc. raised its position in shares of Chipotle Mexican Grill by 109.4% in the third quarter. Ameriflex Group Inc. now owns 890 shares of the restaurant operator’s stock valued at $35,000 after purchasing an additional 465 shares during the period. 91.30% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

CMG has been the topic of several research analyst reports. Stephens increased their price objective on shares of Chipotle Mexican Grill from $38.00 to $39.00 and gave the company an “equal weight” rating in a research report on Thursday, April 30th. Raymond James Financial dropped their price objective on shares of Chipotle Mexican Grill from $43.00 to $41.00 and set an “outperform” rating on the stock in a research report on Tuesday, April 21st. BTIG Research reissued a “buy” rating and issued a $45.00 price objective on shares of Chipotle Mexican Grill in a research report on Thursday, April 30th. Weiss Ratings lowered shares of Chipotle Mexican Grill from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Wednesday, May 20th. Finally, Telsey Advisory Group dropped their price objective on shares of Chipotle Mexican Grill from $50.00 to $48.00 and set an “outperform” rating on the stock in a research report on Wednesday, February 4th. Twenty-four research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $46.03.

Chipotle Mexican Grill Stock Performance

NYSE:CMG opened at $32.66 on Thursday. Chipotle Mexican Grill, Inc. has a 52 week low of $29.75 and a 52 week high of $58.42. The firm has a market cap of $41.90 billion, a price-to-earnings ratio of 29.97, a P/E/G ratio of 2.08 and a beta of 1.03. The firm’s 50-day simple moving average is $33.30 and its 200 day simple moving average is $35.27.

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

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.