Chipotle Mexican Grill, Inc. $CMG Shares Acquired by Montrusco Bolton Investments Inc.

Montrusco Bolton Investments Inc. increased its holdings in Chipotle Mexican Grill, Inc. (NYSE:CMG) by 5.5% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 5,116,087 shares of the restaurant operator’s stock after buying an additional 267,097 shares during the period. Chipotle Mexican Grill comprises approximately 3.1% of Montrusco Bolton Investments Inc.’s holdings, making the stock its 11th biggest position. Montrusco Bolton Investments Inc.’s holdings in Chipotle Mexican Grill were worth $279,343,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Charles Schwab Investment Management Inc. lifted its position in Chipotle Mexican Grill by 5.8% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 8,979,637 shares of the restaurant operator’s stock valued at $450,868,000 after purchasing an additional 491,002 shares during the last quarter. Corient IA LLC bought a new stake in Chipotle Mexican Grill in the 1st quarter valued at about $753,000. Advisors Asset Management Inc. lifted its position in Chipotle Mexican Grill by 32.4% in the 1st quarter. Advisors Asset Management Inc. now owns 75,368 shares of the restaurant operator’s stock valued at $3,784,000 after purchasing an additional 18,458 shares during the last quarter. Hilltop National Bank bought a new stake in Chipotle Mexican Grill in the 2nd quarter valued at about $2,579,000. Finally, Banco Santander S.A. lifted its position in Chipotle Mexican Grill by 47.6% in the 1st quarter. Banco Santander S.A. now owns 31,764 shares of the restaurant operator’s stock valued at $1,595,000 after purchasing an additional 10,246 shares during the last quarter. 91.30% of the stock is currently owned by institutional investors.

Chipotle Mexican Grill Trading Down 2.5%

CMG stock opened at $39.86 on Monday. Chipotle Mexican Grill, Inc. has a 52 week low of $38.30 and a 52 week high of $66.74. The company has a market capitalization of $53.45 billion, a price-to-earnings ratio of 35.59, a price-to-earnings-growth ratio of 2.04 and a beta of 0.99. The firm’s 50-day moving average is $41.18 and its two-hundred day moving average is $47.61.

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

Wall Street Analysts Forecast Growth

CMG has been the topic of several recent research reports. Piper Sandler upgraded shares of Chipotle Mexican Grill from a “neutral” rating to an “overweight” rating and cut their price objective for the company from $53.00 to $50.00 in a research report on Tuesday, August 12th. Truist Financial cut their price objective on shares of Chipotle Mexican Grill from $64.00 to $60.00 and set a “buy” rating on the stock in a research report on Friday, July 25th. UBS Group boosted their price target on shares of Chipotle Mexican Grill from $60.00 to $65.00 and gave the stock a “buy” rating in a research report on Thursday, July 17th. BMO Capital Markets upgraded shares of Chipotle Mexican Grill from a “market perform” rating to an “outperform” rating and boosted their price target for the stock from $56.00 to $65.00 in a research report on Friday, July 18th. Finally, TD Securities restated a “buy” rating and set a $57.00 price target on shares of Chipotle Mexican Grill in a research report on Wednesday, June 18th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating and nine have assigned a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $58.93.

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.