Founders Financial Securities LLC Buys 19,424 Shares of Chipotle Mexican Grill, Inc. $CMG

Founders Financial Securities LLC boosted its stake in shares of Chipotle Mexican Grill, Inc. (NYSE:CMGFree Report) by 94.5% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 39,976 shares of the restaurant operator’s stock after buying an additional 19,424 shares during the quarter. Founders Financial Securities LLC’s holdings in Chipotle Mexican Grill were worth $1,479,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the business. AdvisorShares Investments LLC lifted its holdings in Chipotle Mexican Grill by 601.4% during the fourth quarter. AdvisorShares Investments LLC now owns 14,954 shares of the restaurant operator’s stock valued at $553,000 after purchasing an additional 12,822 shares during the last quarter. Norges Bank purchased a new stake in Chipotle Mexican Grill during the fourth quarter valued at about $711,837,000. Eurizon Capital SGR S.p.A. purchased a new stake in Chipotle Mexican Grill during the fourth quarter valued at about $29,050,000. Fideuram Asset Management Ireland dac purchased a new stake in Chipotle Mexican Grill during the fourth quarter valued at about $671,000. Finally, Mitsubishi UFJ Morgan Stanley Securities Co. Ltd. purchased a new stake in Chipotle Mexican Grill during the fourth quarter valued at about $173,000. 91.30% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on CMG shares. Stifel Nicolaus reaffirmed a “buy” rating on shares of Chipotle Mexican Grill in a report on Monday, March 9th. BNP Paribas Exane upped their price objective on shares of Chipotle Mexican Grill from $37.00 to $39.00 and gave the company a “neutral” rating in a report on Thursday, April 30th. Morgan Stanley dropped their price objective on shares of Chipotle Mexican Grill from $50.00 to $49.00 and set an “overweight” rating on the stock in a report on Wednesday, February 4th. Barclays dropped their price objective 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. Finally, TD Cowen reaffirmed a “buy” rating and set a $44.00 price objective on shares of Chipotle Mexican Grill in a report on Thursday, April 30th. Twenty-four equities research analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $46.03.

View Our Latest Report on CMG

Chipotle Mexican Grill Trading Up 0.1%

Shares of Chipotle Mexican Grill stock opened at $31.90 on Monday. Chipotle Mexican Grill, Inc. has a 12-month low of $29.75 and a 12-month high of $58.42. The company has a market cap of $40.92 billion, a price-to-earnings ratio of 29.27, a PEG ratio of 2.05 and a beta of 0.99. The company’s 50-day moving average price is $33.24 and its 200-day moving average price is $35.29.

Chipotle Mexican Grill (NYSE:CMGGet Free Report) last announced its quarterly earnings results on Wednesday, April 29th. The restaurant operator reported $0.24 earnings per share (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 firm had revenue of $3.09 billion for the quarter, compared to the consensus estimate of $3.07 billion. During the same period in the prior year, the firm posted $0.29 earnings per share. The company’s revenue for the quarter was up 7.4% on a year-over-year basis. On average, sell-side analysts predict that Chipotle Mexican Grill, Inc. will post 1.13 earnings per share for the current year.

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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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