17,564 Shares in Chipotle Mexican Grill, Inc. $CMG Bought by OneDigital Investment Advisors LLC

OneDigital Investment Advisors LLC purchased a new position in Chipotle Mexican Grill, Inc. (NYSE:CMG) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 17,564 shares of the restaurant operator’s stock, valued at approximately $597,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Norges Bank bought a new position in shares of Chipotle Mexican Grill in the 4th quarter worth $711,837,000. Focus Partners Advisor Solutions LLC raised its holdings in Chipotle Mexican Grill by 156.9% during the fourth quarter. Focus Partners Advisor Solutions LLC now owns 58,269 shares of the restaurant operator’s stock worth $2,156,000 after buying an additional 35,589 shares during the last quarter. PensionDanmark Pensionsforsikringsaktieselskab raised its holdings in Chipotle Mexican Grill by 40.2% during the second quarter. PensionDanmark Pensionsforsikringsaktieselskab now owns 268,771 shares of the restaurant operator’s stock worth $9,138,000 after buying an additional 77,002 shares during the last quarter. Oppenheimer Asset Management Inc. bought a new position in shares of Chipotle Mexican Grill in the second quarter valued at $2,888,000. Finally, BW Gestao de Investimentos Ltda. bought a new position in shares of Chipotle Mexican Grill in the fourth quarter valued at $2,890,000. 91.30% of the stock is owned by institutional investors.

Chipotle Mexican Grill Trading Down 1.2%

CMG stock opened at $33.36 on Wednesday. The stock has a market cap of $42.22 billion, a P/E ratio of 30.61, a P/E/G ratio of 2.13 and a beta of 0.94. The stock’s fifty day simple moving average is $33.55 and its two-hundred day simple moving average is $34.03. Chipotle Mexican Grill, Inc. has a 1-year low of $28.03 and a 1-year high of $43.99.

Chipotle Mexican Grill (NYSE:CMG) last announced its earnings results on Wednesday, July 29th. The restaurant operator reported $0.33 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.32 by $0.01. The firm had revenue of $3.35 billion during the quarter, compared to analyst estimates of $3.33 billion. Chipotle Mexican Grill had a return on equity of 54.65% and a net margin of 11.43%.The business’s revenue was up 9.3% compared to the same quarter last year. During the same period last year, the firm posted $0.33 EPS. As a group, analysts forecast that Chipotle Mexican Grill, Inc. will post 1.14 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on CMG. Raymond James Financial reiterated an “outperform” rating and set a $42.50 price objective on shares of Chipotle Mexican Grill in a report on Thursday, July 30th. DA Davidson raised their price target on shares of Chipotle Mexican Grill from $45.00 to $50.00 and gave the company a “buy” rating in a research report on Thursday, July 30th. Argus lifted their price target on Chipotle Mexican Grill from $40.00 to $45.00 and gave the company a “buy” rating in a research note on Tuesday, August 4th. Piper Sandler decreased their price objective on Chipotle Mexican Grill from $42.00 to $39.00 and set an “overweight” rating for the company in a report on Thursday, July 30th. Finally, JPMorgan Chase & Co. raised Chipotle Mexican Grill from a “neutral” rating to an “overweight” rating and lowered their price objective for the stock from $38.00 to $35.00 in a research note on Friday, June 5th. Twenty-four equities research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $44.16.

Chipotle Mexican Grill 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.