Czech National Bank Purchases 18,043 Shares of Chipotle Mexican Grill, Inc. $CMG

Czech National Bank raised its stake in Chipotle Mexican Grill, Inc. (NYSE:CMG) by 5.8% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 329,343 shares of the restaurant operator’s stock after acquiring an additional 18,043 shares during the period. Czech National Bank’s holdings in Chipotle Mexican Grill were worth $18,493,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of CMG. Cloud Capital Management LLC purchased a new stake in shares of Chipotle Mexican Grill in the first quarter worth $25,000. Saudi Central Bank purchased a new stake in shares of Chipotle Mexican Grill in the first quarter worth $27,000. 1248 Management LLC purchased a new stake in shares of Chipotle Mexican Grill in the first quarter worth $27,000. HighMark Wealth Management LLC grew its stake in shares of Chipotle Mexican Grill by 173.4% in the first quarter. HighMark Wealth Management LLC now owns 585 shares of the restaurant operator’s stock worth $29,000 after acquiring an additional 371 shares during the last quarter. Finally, North Capital Inc. purchased a new stake in shares of Chipotle Mexican Grill in the first quarter worth $30,000. 91.30% of the stock is owned by hedge funds and other institutional investors.

Chipotle Mexican Grill Trading Up 1.7%

Shares of CMG opened at $39.25 on Wednesday. The business’s 50 day moving average is $44.88 and its 200 day moving average is $48.90. The company has a market capitalization of $52.63 billion, a PE ratio of 35.04, a price-to-earnings-growth ratio of 1.96 and a beta of 1.02. Chipotle Mexican Grill, Inc. has a 12-month low of $38.30 and a 12-month high of $66.74.

Chipotle Mexican Grill (NYSE:CMG) last issued its earnings results on Wednesday, July 23rd. The restaurant operator reported $0.33 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.32 by $0.01. The company had revenue of $3.06 billion for the quarter, compared to the consensus estimate of $3.11 billion. Chipotle Mexican Grill had a return on equity of 43.50% and a net margin of 13.32%.The firm’s quarterly revenue was up 3.0% on a year-over-year basis. During the same quarter last year, the company earned $0.34 EPS. Equities research analysts predict that Chipotle Mexican Grill, Inc. will post 1.29 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the company. Piper Sandler raised Chipotle Mexican Grill from a “neutral” rating to an “overweight” rating and dropped their price objective for the company from $53.00 to $50.00 in a research report on Tuesday, August 12th. Stephens reaffirmed an “equal weight” rating and set a $60.00 price objective on shares of Chipotle Mexican Grill in a research report on Thursday, September 11th. Guggenheim dropped their price objective on Chipotle Mexican Grill from $47.00 to $46.00 and set a “neutral” rating on the stock in a research report on Friday, July 25th. Barclays dropped their price objective on Chipotle Mexican Grill from $55.00 to $53.00 and set an “equal weight” rating on the stock in a research report on Thursday, July 24th. Finally, Rothschild & Co Redburn raised Chipotle Mexican Grill from a “neutral” rating to a “buy” rating and set a $55.00 price objective on the stock in a research report on Wednesday, September 3rd. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating and eight have given a Hold rating to the company. According to MarketBeat.com, Chipotle Mexican Grill currently has a consensus rating of “Moderate Buy” and a consensus price target of $59.76.

Chipotle Mexican Grill Profile

Chipotle Mexican Grill, Inc, together with its subsidiaries, owns and operates Chipotle Mexican Grill restaurants. It sells food and beverages through offering burritos, burrito bowls, quesadillas, tacos, and salads. The company also provides delivery and related services its app and website. It has operations in the United States, Canada, France, Germany, and the United Kingdom.