Founders Financial Securities LLC Buys 19,424 Shares of Chipotle Mexican Grill, Inc. $CMG

Founders Financial Securities LLC increased its stake in Chipotle Mexican Grill, Inc. (NYSE:CMGFree Report) by 94.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 39,976 shares of the restaurant operator’s stock after purchasing an additional 19,424 shares during the period. Founders Financial Securities LLC’s holdings in Chipotle Mexican Grill were worth $1,479,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Wealth Watch Advisors INC bought a new position in shares of Chipotle Mexican Grill in the third quarter worth approximately $25,000. Financial Life Planners bought a new position in shares of Chipotle Mexican Grill in the third quarter worth approximately $25,000. Murphy & Mullick Capital Management Corp increased its position in shares of Chipotle Mexican Grill by 106.7% in the third quarter. Murphy & Mullick Capital Management Corp now owns 775 shares of the restaurant operator’s stock worth $30,000 after purchasing an additional 400 shares during the last quarter. Winthrop Capital Management LLC bought a new position in shares of Chipotle Mexican Grill in the third quarter worth approximately $31,000. Finally, Ameriflex Group Inc. increased its position in shares of Chipotle Mexican Grill by 109.4% in the third quarter. Ameriflex Group Inc. now owns 890 shares of the restaurant operator’s stock worth $35,000 after purchasing an additional 465 shares during the last quarter. 91.30% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

CMG has been the topic of several research analyst reports. Royal Bank Of Canada restated an “outperform” rating and issued a $45.00 price objective on shares of Chipotle Mexican Grill in a research report on Thursday, April 30th. Wall Street Zen upgraded shares of Chipotle Mexican Grill from a “sell” rating to a “hold” rating in a research report on Saturday, March 7th. Citigroup upped their price objective on shares of Chipotle Mexican Grill from $44.00 to $46.00 and gave the stock a “buy” rating in a research report on Thursday, April 30th. BTIG Research reiterated a “buy” rating and set a $45.00 price target on shares of Chipotle Mexican Grill in a research report on Thursday, April 30th. Finally, Barclays reduced their price target on shares of 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 analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Chipotle Mexican Grill presently has an average rating of “Moderate Buy” and a consensus target price of $46.03.

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Chipotle Mexican Grill Price Performance

Shares of NYSE CMG opened at $31.90 on Monday. Chipotle Mexican Grill, Inc. has a one year low of $29.75 and a one year high of $58.42. The firm’s 50 day simple moving average is $33.24 and its two-hundred day simple moving average is $35.29. The stock has a market capitalization of $40.92 billion, a P/E ratio of 29.27, a PEG ratio of 2.05 and a beta of 0.99.

Chipotle Mexican Grill (NYSE:CMGGet Free Report) last issued its quarterly earnings results on Wednesday, April 29th. The restaurant operator reported $0.24 EPS for the quarter, meeting analysts’ consensus estimates of $0.24. Chipotle Mexican Grill had a net margin of 11.96% and a return on equity of 49.64%. The business had revenue of $3.09 billion for the quarter, compared to analysts’ expectations of $3.07 billion. During the same period last year, the business earned $0.29 earnings per share. The business’s quarterly revenue was up 7.4% on a year-over-year basis. As a group, equities analysts expect that Chipotle Mexican Grill, Inc. will post 1.13 earnings per share for the current fiscal year.

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Chipotle Mexican Grill Profile

(Free Report)

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.

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

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