Callan Family Office LLC Invests $1.41 Million in Chipotle Mexican Grill, Inc. $CMG

Callan Family Office LLC purchased a new stake in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) during the second quarter, Holdings Channel.com reports. The institutional investor purchased 41,350 shares of the restaurant operator’s stock, valued at approximately $1,406,000.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Vanguard Group Inc. grew its position in Chipotle Mexican Grill by 14.8% in the 4th quarter. Vanguard Group Inc. now owns 144,588,220 shares of the restaurant operator’s stock valued at $5,349,764,000 after buying an additional 18,660,882 shares in the last quarter. BlackRock Inc. bought a new stake in shares of Chipotle Mexican Grill during the 2nd quarter worth about $4,417,475,000. Capital World Investors raised its position in shares of Chipotle Mexican Grill by 15.8% during the 4th quarter. Capital World Investors now owns 101,688,010 shares of the restaurant operator’s stock worth $3,762,457,000 after buying an additional 13,843,222 shares in the last quarter. Price T Rowe Associates Inc. MD raised its position in shares of Chipotle Mexican Grill by 18.8% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 58,447,867 shares of the restaurant operator’s stock worth $2,162,572,000 after buying an additional 9,237,720 shares in the last quarter. Finally, Capital International Investors lifted its stake in shares of Chipotle Mexican Grill by 17.7% in the 4th quarter. Capital International Investors now owns 45,294,212 shares of the restaurant operator’s stock worth $1,675,895,000 after acquiring an additional 6,796,285 shares during the period. 91.30% of the stock is currently owned by institutional investors.

Chipotle Mexican Grill Trading Down 0.2%

NYSE:CMG opened at $36.84 on Monday. The company has a 50-day moving average of $33.80 and a 200-day moving average of $33.96. The firm has a market cap of $46.62 billion, a price-to-earnings ratio of 33.80, a price-to-earnings-growth ratio of 2.35 and a beta of 0.94. Chipotle Mexican Grill, Inc. has a twelve month low of $28.03 and a twelve month high of $43.72.

Chipotle Mexican Grill (NYSE:CMG) last released its earnings results on Wednesday, July 29th. 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 11.43% and a return on equity of 54.65%. The business had revenue of $3.35 billion for the quarter, compared to the consensus estimate of $3.33 billion. During the same period in the previous year, the firm earned $0.33 EPS. The business’s revenue for the quarter was up 9.3% on a year-over-year basis. On average, research analysts forecast that Chipotle Mexican Grill, Inc. will post 1.14 earnings per share for the current year.

Analyst Ratings Changes

CMG has been the subject of several recent analyst reports. UBS Group reiterated a “buy” rating on shares of Chipotle Mexican Grill in a report on Friday, July 31st. Royal Bank Of Canada reissued an “outperform” rating and set a $45.00 target price on shares of Chipotle Mexican Grill in a report on Thursday, April 30th. JPMorgan Chase & Co. upgraded Chipotle Mexican Grill from a “neutral” rating to an “overweight” rating and cut their target price for the stock from $38.00 to $35.00 in a research report on Friday, June 5th. BNP Paribas Exane increased their price target on Chipotle Mexican Grill from $37.00 to $39.00 and gave the company a “neutral” rating in a research note on Thursday, April 30th. Finally, Barclays lowered their price target on Chipotle Mexican Grill from $40.00 to $38.00 and set an “equal weight” rating on the stock in a research report on Thursday, April 30th. Twenty-four research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company. Based on data from MarketBeat.com, Chipotle Mexican Grill presently has a consensus rating of “Moderate Buy” and an average price target of $44.16.

Chipotle Mexican Grill Company Profile

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.