Tranquility Partners LLC Takes $216,000 Position in Chipotle Mexican Grill, Inc. $CMG

Tranquility Partners LLC bought a new stake in Chipotle Mexican Grill, Inc. (NYSE:CMG) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 3,853 shares of the restaurant operator’s stock, valued at approximately $216,000.

A number of other institutional investors also recently modified their holdings of CMG. Cloud Capital Management LLC bought a new position in shares of Chipotle Mexican Grill in the first quarter valued at approximately $25,000. Saudi Central Bank bought a new position in shares of Chipotle Mexican Grill in the first quarter valued at approximately $27,000. 1248 Management LLC bought a new position in shares of Chipotle Mexican Grill in the first quarter valued at approximately $27,000. Signature Resources Capital Management LLC bought a new position in shares of Chipotle Mexican Grill in the second quarter valued at approximately $28,000. Finally, HighMark Wealth Management LLC raised its position in Chipotle Mexican Grill by 173.4% in the 1st quarter. HighMark Wealth Management LLC now owns 585 shares of the restaurant operator’s stock worth $29,000 after purchasing an additional 371 shares during the last quarter. Institutional investors own 91.30% of the company’s stock.

Chipotle Mexican Grill Stock Performance

Shares of Chipotle Mexican Grill stock opened at $39.86 on Friday. The firm has a fifty day moving average of $41.18 and a two-hundred day moving average of $47.63. The stock has a market capitalization of $53.45 billion, a price-to-earnings ratio of 35.59, a PEG ratio of 2.03 and a beta of 0.99. Chipotle Mexican Grill, Inc. has a 52 week low of $38.30 and a 52 week high of $66.74.

Chipotle Mexican Grill (NYSE:CMG) last issued its earnings results on Wednesday, July 23rd. The restaurant operator reported $0.33 EPS for the quarter, beating the consensus estimate of $0.32 by $0.01. The company had revenue of $3.06 billion during the quarter, compared to analysts’ expectations of $3.11 billion. Chipotle Mexican Grill had a net margin of 13.32% and a return on equity of 43.50%. The business’s revenue for the quarter was up 3.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.34 EPS. As a group, research analysts forecast that Chipotle Mexican Grill, Inc. will post 1.29 EPS for the current fiscal year.

Analyst Ratings Changes

Several research analysts recently weighed in on the stock. Citigroup dropped their price objective on shares of Chipotle Mexican Grill from $68.00 to $62.00 and set a “buy” rating for the company in a research report on Thursday, July 24th. Rothschild Redb upgraded shares of Chipotle Mexican Grill from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, September 3rd. Evercore ISI dropped their price objective on shares of Chipotle Mexican Grill from $57.00 to $53.00 and set an “outperform” rating for the company in a research report on Tuesday, October 7th. TD Cowen restated a “buy” rating and issued a $58.00 price objective on shares of Chipotle Mexican Grill in a research report on Friday, September 19th. Finally, BTIG Research restated a “buy” rating and issued a $57.00 price objective on shares of Chipotle Mexican Grill in a research report on Friday, September 5th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating and nine have issued a Hold rating to the company. According to MarketBeat.com, Chipotle Mexican Grill currently has a consensus rating of “Moderate Buy” and an average price target of $58.93.

Chipotle Mexican Grill Company 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.