Cetera Investment Advisers Has $13.33 Million Stock Position in Chipotle Mexican Grill, Inc. (NYSE:CMG)

Cetera Investment Advisers increased its stake in Chipotle Mexican Grill, Inc. (NYSE:CMG) by 155.1% during the first quarter, Holdings Channel.com reports. The fund owned 4,585 shares of the restaurant operator’s stock after buying an additional 2,788 shares during the period. Cetera Investment Advisers’ holdings in Chipotle Mexican Grill were worth $13,328,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Swedbank AB acquired a new position in shares of Chipotle Mexican Grill in the first quarter worth approximately $53,979,000. LRI Investments LLC acquired a new position in Chipotle Mexican Grill in the first quarter valued at approximately $168,000. Virtu Financial LLC lifted its stake in Chipotle Mexican Grill by 172.8% in the first quarter. Virtu Financial LLC now owns 3,285 shares of the restaurant operator’s stock valued at $9,546,000 after buying an additional 2,081 shares during the period. Pacific Center for Financial Services lifted its stake in Chipotle Mexican Grill by 8.0% in the first quarter. Pacific Center for Financial Services now owns 54 shares of the restaurant operator’s stock valued at $157,000 after buying an additional 4 shares during the period. Finally, Rokos Capital Management LLP acquired a new position in Chipotle Mexican Grill in the first quarter valued at approximately $10,174,000. 91.31% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages have issued reports on CMG. Truist Financial dropped their price target on Chipotle Mexican Grill from $74.00 to $69.00 and set a “buy” rating on the stock in a research note on Thursday, July 25th. The Goldman Sachs Group decreased their price objective on Chipotle Mexican Grill from $74.60 to $67.00 and set a “buy” rating for the company in a report on Thursday, July 25th. BMO Capital Markets decreased their price objective on Chipotle Mexican Grill from $57.00 to $55.00 and set a “market perform” rating for the company in a report on Thursday, July 25th. StockNews.com downgraded Chipotle Mexican Grill from a “buy” rating to a “hold” rating in a report on Thursday, July 4th. Finally, Oppenheimer decreased their price objective on Chipotle Mexican Grill from $70.00 to $65.00 and set an “outperform” rating for the company in a report on Thursday, July 25th. Eleven investment analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the stock. According to MarketBeat, Chipotle Mexican Grill currently has an average rating of “Moderate Buy” and a consensus target price of $62.88.

Chipotle Mexican Grill Price Performance

Shares of NYSE CMG opened at $52.57 on Friday. Chipotle Mexican Grill, Inc. has a one year low of $35.37 and a one year high of $69.26. The business’s fifty day moving average price is $124.32 and its 200-day moving average price is $80.02. The stock has a market capitalization of $71.99 billion, a PE ratio of 56.09, a P/E/G ratio of 2.23 and a beta of 1.24.

Chipotle Mexican Grill (NYSE:CMG) last issued its quarterly earnings results on Wednesday, July 24th. The restaurant operator reported $0.34 EPS for the quarter, beating analysts’ consensus estimates of $0.32 by $0.02. Chipotle Mexican Grill had a return on equity of 44.01% and a net margin of 13.23%. The firm had revenue of $2.97 billion for the quarter, compared to analysts’ expectations of $2.94 billion. During the same quarter in the prior year, the firm earned $12.65 EPS. The business’s revenue for the quarter was up 18.2% compared to the same quarter last year. As a group, equities analysts expect that Chipotle Mexican Grill, Inc. will post 1.09 EPS for the current fiscal year.

About Chipotle Mexican Grill

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.