First Republic Investment Management Inc. Boosts Stake in Chipotle Mexican Grill, Inc. (NYSE:CMG)

First Republic Investment Management Inc. increased its stake in shares of Chipotle Mexican Grill, Inc. (NYSE:CMGGet Rating) by 155.4% in the third quarter, according to its most recent 13F filing with the SEC. The firm owned 16,089 shares of the restaurant operator’s stock after purchasing an additional 9,790 shares during the period. First Republic Investment Management Inc. owned approximately 0.06% of Chipotle Mexican Grill worth $24,178,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in CMG. Magellan Asset Management Ltd lifted its holdings in Chipotle Mexican Grill by 8,084.9% during the 2nd quarter. Magellan Asset Management Ltd now owns 396,558 shares of the restaurant operator’s stock worth $518,404,000 after buying an additional 391,713 shares in the last quarter. Artisan Partners Limited Partnership lifted its holdings in Chipotle Mexican Grill by 65.6% during the 2nd quarter. Artisan Partners Limited Partnership now owns 456,355 shares of the restaurant operator’s stock worth $596,575,000 after buying an additional 180,835 shares in the last quarter. Brown Advisory Inc. lifted its holdings in Chipotle Mexican Grill by 31.4% during the 2nd quarter. Brown Advisory Inc. now owns 216,937 shares of the restaurant operator’s stock worth $283,951,000 after buying an additional 51,867 shares in the last quarter. Sei Investments Co. lifted its holdings in Chipotle Mexican Grill by 68.2% during the 2nd quarter. Sei Investments Co. now owns 126,255 shares of the restaurant operator’s stock worth $164,669,000 after buying an additional 51,211 shares in the last quarter. Finally, Scout Investments Inc. lifted its holdings in Chipotle Mexican Grill by 725.0% during the 3rd quarter. Scout Investments Inc. now owns 32,959 shares of the restaurant operator’s stock worth $49,529,000 after buying an additional 28,964 shares in the last quarter. Hedge funds and other institutional investors own 93.26% of the company’s stock.

Chipotle Mexican Grill Trading Down 0.1 %

Shares of CMG opened at $1,595.09 on Wednesday. The stock has a market cap of $44.22 billion, a P/E ratio of 55.52, a PEG ratio of 1.36 and a beta of 1.26. The company has a 50-day moving average of $1,489.24 and a two-hundred day moving average of $1,523.23. Chipotle Mexican Grill, Inc. has a 12-month low of $1,196.28 and a 12-month high of $1,754.56.

Chipotle Mexican Grill (NYSE:CMGGet Rating) last announced its earnings results on Tuesday, October 25th. The restaurant operator reported $9.51 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $9.11 by $0.40. The company had revenue of $2.22 billion during the quarter, compared to analysts’ expectations of $2.23 billion. Chipotle Mexican Grill had a net margin of 9.61% and a return on equity of 38.03%. As a group, analysts forecast that Chipotle Mexican Grill, Inc. will post 33.34 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on CMG. KeyCorp raised their price objective on shares of Chipotle Mexican Grill from $1,750.00 to $1,800.00 and gave the company an “overweight” rating in a report on Wednesday, October 26th. Raymond James raised their price objective on shares of Chipotle Mexican Grill from $1,700.00 to $1,750.00 and gave the company an “outperform” rating in a report on Wednesday, October 5th. Stephens reduced their price objective on shares of Chipotle Mexican Grill from $1,900.00 to $1,760.00 and set an “overweight” rating on the stock in a report on Wednesday, October 26th. Barclays reduced their price objective on shares of Chipotle Mexican Grill from $1,510.00 to $1,450.00 and set an “equal weight” rating on the stock in a report on Thursday, January 5th. Finally, Royal Bank of Canada raised their price objective on shares of Chipotle Mexican Grill from $1,825.00 to $1,850.00 and gave the company an “outperform” rating in a report on Wednesday, October 26th. Six research analysts have rated the stock with a hold rating and twenty-three have issued a buy rating to the company. According to data from MarketBeat, Chipotle Mexican Grill has an average rating of “Moderate Buy” and a consensus target price of $1,811.84.

Chipotle Mexican Grill Company Profile

(Get Rating)

Chipotle Mexican Grill, Inc, together with its subsidiaries, owns and operates Chipotle Mexican Grill restaurants. As of September 30, 2022, it owned and operated approximately 3,100 restaurants in the United States, Canada, the United Kingdom, France, Germany, and rest of Europe. The company was founded in 1993 and is headquartered in Newport Beach, California.

See Also

Institutional Ownership by Quarter for Chipotle Mexican Grill (NYSE:CMG)

Receive News & Ratings for Chipotle Mexican Grill Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Chipotle Mexican Grill and related companies with MarketBeat.com's FREE daily email newsletter.