Buttonwood Financial Advisors Inc. Invests $2.48 Million in Chipotle Mexican Grill, Inc. $CMG

Buttonwood Financial Advisors Inc. purchased a new position in Chipotle Mexican Grill, Inc. (NYSE:CMG) in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor purchased 66,947 shares of the restaurant operator’s stock, valued at approximately $2,477,000.

A number of other institutional investors also recently made changes to their positions in CMG. Bank of Nova Scotia raised its holdings in shares of Chipotle Mexican Grill by 11.0% in the 3rd quarter. Bank of Nova Scotia now owns 475,672 shares of the restaurant operator’s stock worth $18,642,000 after purchasing an additional 47,241 shares in the last quarter. Klein Pavlis & Peasley Financial Inc. bought a new stake in shares of Chipotle Mexican Grill in the 4th quarter worth approximately $1,597,000. Harbour Trust & Investment Management Co bought a new stake in shares of Chipotle Mexican Grill in the 3rd quarter worth approximately $3,967,000. Crescent Park Management L.P. bought a new stake in shares of Chipotle Mexican Grill in the 3rd quarter worth approximately $5,911,000. Finally, WINTON GROUP Ltd raised its holdings in shares of Chipotle Mexican Grill by 269.6% in the 3rd quarter. WINTON GROUP Ltd now owns 379,886 shares of the restaurant operator’s stock worth $14,888,000 after purchasing an additional 277,090 shares in the last quarter. 91.30% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on CMG shares. Wall Street Zen upgraded shares of Chipotle Mexican Grill from a “sell” rating to a “hold” rating in a report on Saturday, March 7th. Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a $48.00 price target on shares of Chipotle Mexican Grill in a report on Wednesday, February 4th. Morgan Stanley cut their price target on shares of Chipotle Mexican Grill from $50.00 to $49.00 and set an “overweight” rating on the stock in a report on Wednesday, February 4th. Telsey Advisory Group cut their price target on shares of Chipotle Mexican Grill from $50.00 to $48.00 and set an “outperform” rating on the stock in a report on Wednesday, February 4th. Finally, DA Davidson started coverage on shares of Chipotle Mexican Grill in a report on Friday, March 6th. They set a “buy” rating and a $51.00 price target on the stock. Twenty-four research analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $46.03.

Chipotle Mexican Grill Price Performance

CMG stock opened at $32.67 on Wednesday. The firm has a market capitalization of $41.91 billion, a P/E ratio of 29.98, a P/E/G ratio of 2.05 and a beta of 1.03. The company’s 50 day simple moving average is $33.81 and its 200-day simple moving average is $35.51. Chipotle Mexican Grill, Inc. has a 52-week low of $29.75 and a 52-week high of $58.42.

Chipotle Mexican Grill (NYSE:CMG) last released its quarterly earnings data on Wednesday, April 29th. The restaurant operator reported $0.24 earnings per share for the quarter, meeting the consensus estimate of $0.24. The firm had revenue of $3.09 billion for the quarter, compared to analyst estimates of $3.07 billion. Chipotle Mexican Grill had a net margin of 11.96% and a return on equity of 49.64%. The company’s revenue for the quarter was up 7.4% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.29 EPS. Sell-side analysts predict that Chipotle Mexican Grill, Inc. will post 1.13 EPS for the current fiscal year.

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.