Lynx Investment Advisory Purchases Shares of 500 Chipotle Mexican Grill, Inc. (NYSE:CMG)

Lynx Investment Advisory acquired a new position in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 500 shares of the restaurant operator’s stock, valued at approximately $31,000.

Several other institutional investors and hedge funds also recently made changes to their positions in CMG. Thurston Springer Miller Herd & Titak Inc. bought a new position in shares of Chipotle Mexican Grill during the second quarter worth approximately $25,000. Steph & Co. acquired a new position in Chipotle Mexican Grill in the 1st quarter valued at $29,000. M&R Capital Management Inc. lifted its position in shares of Chipotle Mexican Grill by 4,900.0% during the 2nd quarter. M&R Capital Management Inc. now owns 500 shares of the restaurant operator’s stock valued at $31,000 after acquiring an additional 490 shares during the period. Versant Capital Management Inc grew its holdings in shares of Chipotle Mexican Grill by 9,900.0% during the 2nd quarter. Versant Capital Management Inc now owns 500 shares of the restaurant operator’s stock worth $31,000 after purchasing an additional 495 shares in the last quarter. Finally, Turtle Creek Wealth Advisors LLC bought a new position in shares of Chipotle Mexican Grill in the fourth quarter worth $37,000. Institutional investors and hedge funds own 91.31% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on CMG. Piper Sandler cut their price target on shares of Chipotle Mexican Grill from $61.00 to $56.00 and set a “neutral” rating for the company in a report on Thursday, July 25th. Loop Capital decreased their price target on Chipotle Mexican Grill from $58.00 to $53.00 and set a “hold” rating on the stock in a research note on Thursday, July 25th. The Goldman Sachs Group reduced their price objective on Chipotle Mexican Grill from $74.60 to $67.00 and set a “buy” rating on the stock in a research note on Thursday, July 25th. Stephens lowered their target price on Chipotle Mexican Grill from $64.00 to $61.00 and set an “equal weight” rating for the company in a research note on Thursday, July 25th. Finally, Citigroup reduced their price target on shares of Chipotle Mexican Grill from $71.00 to $69.00 and set a “buy” rating on the stock in a research note on Thursday, July 25th. Eleven analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $62.88.

Chipotle Mexican Grill Stock Up 0.4 %

Shares of NYSE:CMG traded up $0.23 on Wednesday, hitting $54.31. The company had a trading volume of 6,242,872 shares, compared to its average volume of 14,409,994. The firm’s 50-day simple moving average is $123.93 and its two-hundred day simple moving average is $80.35. The firm has a market capitalization of $74.59 billion, a price-to-earnings ratio of 58.46, a P/E/G ratio of 2.23 and a beta of 1.24. Chipotle Mexican Grill, Inc. has a 1 year low of $35.37 and a 1 year high of $69.26.

Chipotle Mexican Grill (NYSE:CMG) last posted its quarterly earnings data on Wednesday, July 24th. The restaurant operator reported $0.34 earnings per share for the quarter, beating the consensus estimate of $0.32 by $0.02. The business had revenue of $2.97 billion for the quarter, compared to analysts’ expectations of $2.94 billion. Chipotle Mexican Grill had a return on equity of 44.01% and a net margin of 13.23%. The business’s revenue was up 18.2% on a year-over-year basis. During the same period in the previous year, the firm posted $12.65 EPS. Equities research analysts anticipate that Chipotle Mexican Grill, Inc. will post 1.09 EPS for the current 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.