Vise Technologies Inc. Buys Shares of 22,676 Chipotle Mexican Grill, Inc. $CMG

Vise Technologies Inc. bought a new stake in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 22,676 shares of the restaurant operator’s stock, valued at approximately $771,000.

Other hedge funds have also recently made changes to their positions in the company. Revolve Wealth Partners LLC boosted its holdings in Chipotle Mexican Grill by 4.7% in the fourth quarter. Revolve Wealth Partners LLC now owns 4,804 shares of the restaurant operator’s stock worth $290,000 after acquiring an additional 214 shares in the last quarter. Bison Wealth LLC bought a new stake in shares of Chipotle Mexican Grill in the 4th quarter worth $224,000. Empowered Funds LLC lifted its stake in Chipotle Mexican Grill by 5.5% during the 1st quarter. Empowered Funds LLC now owns 26,460 shares of the restaurant operator’s stock valued at $1,329,000 after acquiring an additional 1,368 shares during the period. Osterweis Capital Management Inc. lifted its stake in Chipotle Mexican Grill by 7,176.0% during the 2nd quarter. Osterweis Capital Management Inc. now owns 1,819 shares of the restaurant operator’s stock valued at $102,000 after acquiring an additional 1,794 shares during the period. Finally, Ieq Capital LLC boosted its holdings in shares of Chipotle Mexican Grill by 88.8% during the 2nd quarter. Ieq Capital LLC now owns 274,375 shares of the restaurant operator’s stock valued at $15,406,000 after acquiring an additional 129,066 shares during the last quarter. 91.30% of the stock is owned by institutional investors.

Chipotle Mexican Grill Trading Down 0.2%

Shares of CMG stock opened at $36.84 on Monday. The company has a 50 day simple moving average of $33.80 and a two-hundred day simple moving average of $33.96. The stock has a market cap of $46.62 billion, a P/E ratio of 33.80, a P/E/G ratio of 2.35 and a beta of 0.94. Chipotle Mexican Grill, Inc. has a 12 month low of $28.03 and a 12 month high of $43.72.

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

Analysts Set New Price Targets

Several equities research analysts recently issued reports on CMG shares. Piper Sandler dropped their target price on shares of Chipotle Mexican Grill from $42.00 to $39.00 and set an “overweight” rating on the stock in a report on Thursday, July 30th. UBS Group reiterated a “buy” rating on shares of Chipotle Mexican Grill in a research note on Friday, July 31st. Stephens reissued a “positive” rating and set a $40.00 price target (up from $36.00) on shares of Chipotle Mexican Grill in a report on Thursday, July 30th. Argus raised their price target on Chipotle Mexican Grill from $40.00 to $45.00 and gave the stock a “buy” rating in a research note on Tuesday, August 4th. Finally, Sanford C. Bernstein reaffirmed an “outperform” rating on shares of Chipotle Mexican Grill in a report on Friday, July 31st. Twenty-four research analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the stock. Based on data from MarketBeat, Chipotle Mexican Grill has an average rating of “Moderate Buy” and an average price target of $44.16.

About Chipotle Mexican Grill

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.