Wright Investors Service Inc. Invests $640,000 in Chipotle Mexican Grill, Inc. $CMG

Wright Investors Service Inc. bought a new stake in Chipotle Mexican Grill, Inc. (NYSE:CMG) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 16,333 shares of the restaurant operator’s stock, valued at approximately $640,000.

Other large investors also recently made changes to their positions in the company. Operose Advisors LLC bought a new stake in Chipotle Mexican Grill in the 2nd quarter valued at $25,000. Salomon & Ludwin LLC acquired a new stake in shares of Chipotle Mexican Grill during the third quarter worth $26,000. Signature Resources Capital Management LLC bought a new stake in shares of Chipotle Mexican Grill in the second quarter valued at about $28,000. Lavaca Capital LLC bought a new stake in shares of Chipotle Mexican Grill in the second quarter valued at about $28,000. Finally, Oliver Lagore Vanvalin Investment Group acquired a new position in shares of Chipotle Mexican Grill in the second quarter valued at about $29,000. Institutional investors own 91.30% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have weighed in on the stock. BMO Capital Markets reiterated an “outperform” rating on shares of Chipotle Mexican Grill in a research note on Thursday, October 30th. Sanford C. Bernstein raised their target price on shares of Chipotle Mexican Grill from $40.00 to $50.00 and gave the stock an “outperform” rating in a report on Monday, January 5th. Morgan Stanley cut their price target on Chipotle Mexican Grill from $59.00 to $50.00 and set an “overweight” rating for the company in a research note on Thursday, October 30th. Barclays increased their price target on Chipotle Mexican Grill from $38.00 to $44.00 and gave the stock an “equal weight” rating in a research report on Wednesday, January 7th. Finally, KeyCorp dropped their price objective on Chipotle Mexican Grill from $52.00 to $45.00 and set an “overweight” rating for the company in a report on Thursday, October 30th. Two research analysts have rated the stock with a Strong Buy rating, twenty-three have given a Buy rating and thirteen have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $50.00.

Chipotle Mexican Grill Price Performance

Shares of CMG opened at $40.26 on Friday. The firm has a 50 day simple moving average of $35.26 and a two-hundred day simple moving average of $40.65. Chipotle Mexican Grill, Inc. has a one year low of $29.75 and a one year high of $59.57. The company has a market cap of $53.23 billion, a P/E ratio of 35.63, a P/E/G ratio of 3.86 and a beta of 0.97.

Chipotle Mexican Grill (NYSE:CMG) last issued its earnings results on Wednesday, October 29th. The restaurant operator reported $0.29 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.29. Chipotle Mexican Grill had a return on equity of 45.39% and a net margin of 13.04%.The firm had revenue of $3 billion for the quarter, compared to the consensus estimate of $3.06 billion. During the same quarter last year, the business posted $0.27 EPS. The company’s revenue was up 7.5% compared to the same quarter last year. On average, analysts expect that Chipotle Mexican Grill, Inc. will post 1.29 earnings per share for the current fiscal year.

About Chipotle Mexican Grill

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.